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COMRADESME / BSEListed
Comrade Appliances

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.

₹52 - ₹5471.92x sub
Listed Price₹87.00
Listing Gain+61.11%

IPO Schedule & Timeline

Bookbuilding IPO
Open31 May 2023
Close05 Jun 2023
Allotment08 Jun 2023
Listing13 Jun 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB10,80,000 shares
47.41%
Nii (hni)3,26,000 shares
14.31%
Retail7,58,000 shares
33.27%
Market Maker1,14,000 shares
5%

Minimum Application Lots

Retail1 Lot (2,000 shares)
₹1,08,000
HNI2 Lots (4,000 shares)
₹2,16,000

Company Promoters

M/s Troupe Technologies Private LimitedMr. Khursheed AlamMr. Mehboob Alam

Company Background

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 ...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2020)₹2162.29 Cr
Growth-19.9%
Revenue Trend (₹ in Crores)
0.01.1k2.3k3.4kMar 2023Mar 2022Mar 2021Mar 2020
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 20202,162.2941.801,678.98400.93
Mar 20212,603.8520.213,140.651,412.38
Mar 20222,973.2838.752,527.311,113.79
Mar 20232,699.43163.572,753.181,766.48

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values3.150.27%0.16%17.140

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
08 Jun 2023
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
13 Jun 2023

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Comrade Appliances. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization08 Jun 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date13 Jun 2023Trading commences on exchange

How to Check Comrade Appliances Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Comrade Appliances from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Comrade Appliances IPO

Complete issue overview for Comrade Appliances (COMRADE) IPO. The issue features an equity share price band of ₹52 – ₹54 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,08,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions