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Inflame Appliances Ltd IPO (IAL IPO) Details

Inflame Appliances Ltd IPO (IAL IPO) Details:

Inflame Appliances Ltd is an ISO 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.

Additionally Company has Marketing agreements with Indian Oil Corporation Limited to market, sell, distribute, and promote of LPG Stoves through Indane Distributors to domestic Indane Customers.

This arrangement can be renewed for a further period on mutual consent subject to Company achieving the expected milestones as referred under the Market agreement.

It has also made marketing arrangement with HPCL and BPCL for selling its products to their distributors and customers. Since the past years the focus of 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 which gives us a launch pad to take things forward.

The company is also manufacturing the Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like “Hindware” and “Avaante”.

Objects of the Issue:

The Issue includes a fresh Issue of 12,00,000 Equity Shares of Company at an Issue Price of Rs. 54.00 per Equity Share. Company intend to utilize the proceeds of the Issue to meet the following objects:-

  1. To meet Working Capital requirements.
  2. To meet Capital Expenditure.
  3. General Corporate Expenses.
  4. To meet Issue Expenses.
Inflame Appliances Ltd IPO (IAL IPO) Details:
  1. Issue Open: March 06, 2018 – March 08, 2018
  2. Issue Type: Fixed Price Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 1,200,000 Equity Shares of Rs 10 aggregating up to Rs 6.48 Cr
  5. Issue Price: Rs 54 Per Equity Share
  6. Market Lot: 2000 Shares
  7. Minimum Order Quantity: 2000 Shares
  8. Listing At: BSE SME

* To Be Updated

Book Running Lead Manager:

SWASTIKA INVESTMART LIMITED
305, Madhuban Building, Cochin Street,
S.B.S. Road, Fort, Mumbai, Maharashtra – 400 001.
Tel No.:+91–22–2265 5565 Fax No.:+91–22–664 4300
Email: merchantbanking@swastika.co.in
Investor Grievance Email: investorgreivance@swastika.co.in

REGISTRAR TO THE ISSUE:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020
Tel No.:+91 11 64732681-88 Fax No.:+91 11 26812682
Email: virenr@skylinerta.com;
Investor Grievance Email: grievances@skylinerta.com

Draft Red Herring Prospectus (DRHP) Of Inflame Appliances Ltd IPO (IAL IPO):

Inflame Appliances Ltd (IAL) IPO Prospectus

Red Herring Prospectus (RHP) Of Inflame Appliances Ltd IPO (IAL IPO):

Inflame Appliances Ltd (IAL) IPO Prospectus

Inflame Appliances Ltd IPO (IAL IPO) Grey Market Premium (GMP):

Grey Market Premium (GMP) of Inflame Appliances Ltd (IAL) IPO is not active as of now.

How To Check Inflame Appliances Ltd IPO (IAL IPO) Allotment Status:

To Check Inflame Appliances Ltd (IAL) IPO Allotment Status : Click Here

  1. Select Inflame Appliances Ltd IPO (IAL IPO) from the first drop Down Menu
  2. Provide your PAN Number.

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