Inflame Appliances IPO-Upcoming IPO 2018

Inflame Appliances IPO-Upcoming IPO 2018

In the list of upcoming IPO Inflame Appliances Ltd is planning to launch IPO (Initial Public Offering). The tentative size of the upcoming IPO i.e Inflame Appliances IPO is of Rs 6.48 crore. Inflame Appliances IPO is of Fixed Price Issue IPO. Inflame Appliances IPO will open on 6 March,2018 and close on 8 March,2018.

  • The Price band of Inflame Appliances IPO is of Rs 54 per equity share.
  • Minimum order quantity of Inflame Appliances IPO is of 2000 shares.
  • Inflame Appliances Ltd is engaged in the business of manufacturing of LPG Gas Stove/cooktops and Sheet Metal Components.

Inflame Appliances IPO-Upcoming IPO news:

  1. Objective of Inflame Appliances IPO:

There are four objective of the Inflame Appliances IPO. They are

  • To meet Working Capital requirements;
  • To meet Capital Expenditure;
  • General Corporate Expenses;
  • To meet Issue Expenses.
  1. Issue details of Inflame Appliances IPO:

  • Issue Open: Mar 6, 2018
  • Issue close : Mar 8, 2018
  • Issue Type: Fixed Price Issue IPO
  • Issue Size:1,200,000 Equity Shares of Rs 10 aggregating up to Rs 6.48 Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 54 Per Equity Share
  • Market Lot: 2000 Shares
  • Minimum Order Quantity: 2000 Shares
  • Listing At: BSE SME
  • Retail allocation: 50%

Open Free* Online Demat Account click @ https://goo.gl/3f8856

  1. Utilization of Net Proceeds:

Sr.No.ParticularsAmount(Rs in Lac)
1Working Capital Requirements250.00
2Capital Expenditure300.00
3General Corporate Expenses28.00
Total578.00
  1. Consolidated financial Summary of the company:

Inflame Appliances’ financial performance (in INR lakh)
FY2013FY2014FY2015FY2016FY2017Upto 20 Jan 2018
Total revenue391.61,806.12,542.4
Total expenses-1.3-1.3-1.38.461.2104.8
Profit after tax-1.3-1.3-1.36.345.980.4
  1. Inflame Appliances IPO Prospectus:

Prospectus

  1. Company Profile:

  • The company was incorporated as partnership firm under the Partnership Act, 1932(“Partnership Act”) on 20, March, 2010. At the time of incorporation the name of the company was “M/s Techno Engineering Corpn.”
  • Later on the company was converted into Public limited company on 14 Nov, 2017. As a result the name of the company was also changed to “Inflame Appliances Ltd”.
  • Inflame Appliances Ltd is engaged in the business of manufacturing of LPG Gas Stove/cooktops and Sheet Metal Components.
  • It is a Himachal Pradesh based company.
  • They manufacture Gas Stove/ Cooktops in various range like Gas Stove in Sheet Metal, Gas Stove with Toughed Glass (Optional Auto Ignition) with range of 4 Burners/ 3
    Burners/ 2 Burners and Sheet Metal Components for captive consumption in the state of Himachal Pradesh.
  • Company has Marketing agreements with Indian Oil Corporation Limited to market, sell, distribute, and promote of LPG Stoves through Indane Distributers to domestic Indane Customers.
  • They also made marketing arrangement with HPCL and BPCL for selling their products to their distributers and customers.
  • Company sell it’s product under the brand “Inflame” and Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like “Hindware” and “Avaante”.
  1. Promoters of the company:

There are three promoters of the company. They are

  • Aditya Kaushik,
  • Dinesh Kaushik and
  • Amit Kaushik
  1. Corporate Identification Number (CIN):

U74999HP2017PLC006778

  1. Strength of the company:

  • Quality of Products
  • Cost efficient sourcing and locational advantage
  • Proven and experienced management team
  • Research and Development
  • Extensive Distribution Network
  1. Strategy of the company:

  • Quality Assurance
  • To build-up a professional Organization
  • Development of new product for both domestic and overseas markets
  • Optimal Utilization of Resources
  1. Registered address of the company:

Khewat Khatoni No. 45/45, Khasra No. 942/855/1,

Village Kalyanpur Tehsil-Baddi, Solan -173205,

Himachal Pradesh, India.

  1. Official website of the company:

http://inflameindia.com/

  1. Lead Manager to the Issue:

SWASTIKA INVESTMART LIMITED

  1. Registrar to the Inflame Appliances IPO:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED

Open Free* Online Demat Account click https://goo.gl/3f8856

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