Inflame Appliances is coming out with an initial public offering (IPO) of 1,200,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 54 per equity share in order to raise Rs 6.48 crore. The issue will open on March 6, 2018 and will close on March 8, 2018. The shares will be listed on BSE’s small and medium-sized enterprises (SME) platform.
The objects of the offer are to meet Working Capital requirements, Capital Expenditure, General Corporate Expenses and Issue Expenses.
Swastika Investmart is the lead manager to the offer, while Skyline Financial Services is the registrar to the issue.
Inflame Appliances is engaged in manufacturing of LPG Gas Stove/cooktops and Sheet Metal Components. The company sells its product under the brand ‘Inflame’ and Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like ‘Hindware’ and ‘Avaante’.
| Company Name | CMP |
|---|---|
| Crompt.Greaves Cons. | 293.35 |
| Whirlpool Of India | 955.90 |
| Bajaj Electricals | 406.70 |
| Orient Electric | 189.35 |
| TTK Prestige | 519.35 |
| View more.. | |
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