Comrade Appliances Limited IPO
Comrade Appliances Limited IPO
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The Initial Public Offering of Comrade Appliances Limited's culminated in its successful listing on 13-06-2023 at the BSE trading platform. The company secured 22,78,000 Shares through this capital market exercise, with 22,78,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹52 to ₹54, with minimum investment requirements of 2000 shares. The subscription period from 31-05-2023 to 05-06-2023 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 08-06-2023. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Comrade Appliances IPO About Company
Incorporated in 2017, Comrade Appliances Limited is engaged in manufacturing a wide range of air coolers and electric geysers, providing end-to-end product solutions under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) models. Under the OEM model, the company manufactures products as per client designs, while under the ODM model, it conceptualizes and designs products sold under clients’ brands. Its consumer products, marketed under the brand name “Comrade,” are produced at its 66,322 sq. ft. manufacturing facility located in Palghar, Maharashtra, enabling efficient large-scale production and quality control.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Comrade Appliances IPO Strength Factors
NA
Comrade Appliances IPO Risk Factors
NA
Comrade Appliances IPO Lead Manager(s)
- Gretex Corporate Services Limited
Comrade Appliances IPO Promoter(s)
- M/s Troupe Technologies Private Limited
- Mr. Khursheed Alam
- Mr. Mehboob Alam
Comrade Appliances IPO FAQs
Comrade Appliances Limited IPO subscribed 71.92 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 11, 2025 9:07:55 AM (Day 11).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Comrade Appliances IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Comrade Appliances IPO FAQs
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