Listed Price₹87.00
Listing Gain+61.11%
Price Band₹52 - ₹54
Lot Size2,000 shares
Min Bid₹1,08,000
Subscription71.92x
Listed Market Snapshot
₹87.00Listed price from market data
+61.11%listing gain
Issue Amount
₹12.3 Cr
Listed Price
₹87.00
Current Price
₹28
Registrar
Bigshare Services Private Limited
Timeline•Bookbuilding IPO
Open31 May 2023
Close05 Jun 2023
Allotment08 Jun 2023
Listing13 Jun 2023
Quota Reservation Portions
QIBPortion: 10,80,000 shares
47.41%Nii (hni)Portion: 3,26,000 shares
14.31%RetailPortion: 7,58,000 shares
33.27%Market MakerPortion: 1,14,000 shares
5%Minimum Application Bracket Matrix
Retail1 lots / 2,000 shares
₹1,08,000HNI2 lots / 4,000 shares
₹2,16,000About the Company
Incorporated in 2017, Comrade Appliances Limited is engaged in manufacturing a wide range of air coolers and electric geysers, providing end-to-end product solutions under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) models. Under the OEM model, the company manufactures products as per client designs, while under the ODM model, it conceptualizes and designs products sold under clients’ brands. Its consumer products, marketed under the brand name “Comrade,” are produced at its 66,322 sq. ft. manufacturing facility located in Palghar, Maharashtra, enabling efficient large-scale production and quality control.
Company Promoters
M/s Troupe Technologies Private LimitedMr. Khursheed AlamMr. Mehboob Alam
Lead Managers
Registrar
Bigshare Services Private Limited