Ongoing 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

  1. Mr. Aditya Kaushik ( Chairman & Managing Director)
  2. Mr. Dinesh Kaushik ( Whole Time Director)
  3. 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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