Business description – Inflame Appliances is engaged in manufacturing of LPG 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. Additionally, the 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.
The company has also made marketing arrangement with HPCL and BPCL for selling its products to distributors and customers. Since the past years, the focus of the company has been in developing innovative product range under the brand “Inflame”; entering into arrangements with distributors; tie-up with suppliers; and recruiting a sales team. The company is also manufacturing the Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like “Hindware” and “Avaante”.
Promoters of Inflame Appliances – Mr Aditya Kaushik, Mr Dinesh Kaushik and Mr Amit Kaushik
| Inflame Appliances IPO details | |
| Subscription Dates | 6 – 8 March 2018 |
| IPO Price band | INR54 per share |
| Fresh issue | 1,200,000 shares (INR6.48 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,200,000 shares (INR6.48 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements – INR2.50 crore
- Capital Expenditure – INR3.00 crore
- General Corporate Expenses – INR0.28 crore
- Issue Expenses – INR0.70 crore
| Inflame Appliances’ financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Upto 20 Jan 2018 | |
| Total revenue | 391.6 | 1,806.1 | 2,542.4 | |||
| Total expenses | -1.3 | -1.3 | -1.3 | 8.4 | 61.2 | 104.8 |
| Profit after tax | -1.3 | -1.3 | -1.3 | 6.3 | 45.9 | 80.4 |
Inflame Appliances’ Contact Details
Inflame Appliances Limited
Khewat Khatoni No. 45/45
Khasra No. 942/855/1, Village Kalyanpur
Baddi, Solan -173 205
Phone: +91 1795 246820
Email: [email protected]
Website: www.inflameindia.com
Inflame Appliances IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.23 |
| Day 2 | 0.69 |
| Day 3 | 2.60 |
Inflame Appliances Valuation (Latest FY)
Earnings Per Share (EPS): INR1.97
Price/Earnings (P/E) ratio: 27.43
Return on Net Worth (RONW): 58.05%
Net Asset Value (NAV): INR3.39 per share
Registrar of Inflame Appliances IPO
Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India
Phone: +91 22 2851 1022
Email: [email protected]
Website: www.skylinerta.com
Inflame Appliances IPO Allotment Status
Inflame Appliances IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Listing performance of Inflame Appliances
IPO Opening Date: 6 March 2018
IPO Closing Date: 8 March 2018
Listing Date: 16 March 2018
Listing Price on BSE SME: INR53.35 per share (down 1.20% from IPO price)
Closing Price on BSE SME: INR50.70 per share (down 6.11% from IPO price)
What a visionary company; allotted shares at par in November 2017 & allotted liberal bonus shares in Jan 2018 {3:5}…….. and now asking for Premium from Retail Public.
Another NM …………….. G8 Platform offered by Namo to indian Investor’s. No checks, No Checking Only Loot !
Sorry, issue is at par