SME IPO_INFLAME APPLIANCES LIMITED
Issue Details
| Issue opens | 6th March 2018 |
| Issue Closes | 8th March 2018 |
| Issue Price | 54 |
| Lot Size | 2000 |
| Issue Size | 6.48 Cr |
| Lead Manager | Swastika Investmart Limited |
| Registrar | Skyline Financial Services Private Limited |
| Platform | BSE |
Promoters of the Company
- Mr. Aditya Kaushik ( Chairman & Managing Director)
- Mr. Dinesh Kaushik ( Whole Time Director)
- Mr. Amit Kaushik ( CEO & Chief Financial Officer)
Overview of Business
Company is engaged in manufacturing of LPG Gas Stove/cooktops and Sheet Metal Components. Inflame Appliances Limited is an IS 4246:2002 certified company and 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.
The company has also been part of PRIME MINISTER UJJWALA YOJANA (PMUY) launched by the Central Govt. of India for providing 5 Crore new gas connection to the people below poverty line in the country. This PMUY has created a huge demand for LPG gas stoves which helped the company to achieve higher growth.
Object of the Issue
| (Rs. in Lakhs) | ||
| Sr. No. | Particulars | Amount |
| 1 | Capital Expenditure for Business Expansion | 300.00 |
| 2 | Working Capital | 250.00 |
| 3 | General Corporate Expenses | 28.00 |
| 4 | Issue Expenses | 70.00 |
| Total | 648.00 | |
Financial Performance
| Particulars | Jan-18 | 2016-17 | 2015-16 |
| Total Revenue | 2542.44 | 1806.13 | 391.56 |
| PBT | 104.79 | 61.19 | 8.4 |
| Total Assets | 1069.32 | 576.31 | 170.01 |
Financial Indicators
EPS : 3.43 ( for period ended Jan 20, 2018)
P/E : 27.43 ( Restated 2016-17)
RoNW : 25.22% ( for period ended Jan 20, 2018)
NAV/share : 13.59
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