Business Standard

Inflame Appliances Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

6.48 cr

Price Range (₹)

54

Lot Size

2000

Min Investment (₹)

1,08,000.00

Listing Exchange

BSE - SME

Open Date

06-Mar-2018

Close Date

08-Mar-2018

Listing Date

16-Mar-2018

Inflame Appliances Ltd News

    The Shares of Inflame Appliances Ltd have now been listed.

    Inflame Appliances Ltd IPO Details

    Initial public issue of 12,00,000 equity shares of face value of Rs.10 each (equity shares) of Inflame Appliances Limited (the company the issuer) fthe cash at a price of Rs. 54.00 per equity share (including a share premium of Rs. 44.00 per equity share) (issue price) aggregating to Rs. 6.48 Crores (issue) of which 64,000 equity shares of face value of Rs.10.00 each fthe a cash price of Rs. 54.00 per equity share, aggregating to Rs. 0.35 Crores will be reserved fthe subscription by market maker (market maker reservation pthetion). The issue less the market maker reservation pthetion i.e. Issue of 11,36,000 equity shares of face valueof Rs. 10.00 each at an issue price of Rs. 54.00 per equity share aggregating to Rs. 6.13 Crores (is hereinafter referred to as the netissue). The issue and the net issue will constitute 30.00% and 28.40%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 54.00. The issue price is 5.4 times of the face value.

    Objective of issue

    Working capital requirements. Capital expenditure. General corporate expenses.

    Inflame Appliances Ltd Contact Details

    Inflame Appliances Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - info@inflameindia.com

    Website - www.inflameindia.com