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Issue Open Date
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06-Mar-18
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Issue Closing Date
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08-Mar-18
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Application Money
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100
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Allotment Money
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Price Band
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54
-
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Minimium Application No.
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2000
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Issue Size (Shares)
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1200000
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Market Lot
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1
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Objective
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1. To meet Working Capital requirements2. To meet Capital Expenditure3. General Corporate Expenses4. To meet Issue Expenses
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description
Our Company was incorporated in the year 2017 by conversion of Partnership firm “M/s. Techno Engineering Corpn.” into theCompany as “Inflame Appliances Limited” under the provision of Companies Act. Our Company is engaged in manufacturing ofLPG Gas Stove/cooktops and Sheet Metal Components. Our manufacturing facilities is situated in State of Himachal Pradesh atKhewat Khatoni No. 45/45, Khasra No. 942/855/1, Village Kalyanpur Tehsil-Baddi, Solan -173205, Himachal Pradesh.Inflame Appliances Limited is an IS 4246:2002 certified company and engaged in manufacturing of LPG Gas Stove/ Cooktops invarious range like Gas Stove in Sheet Metal, Gas Stove with Toughed Glass (Optional Auto Ignition) with range of 4 Burners/ 3Burners/ 2 Burners and Sheet Metal Components for captive consumption in the state of Himachal Pradesh.Additionally our Company has Marketing agreements with Indian Oil Corporation Limited to market, sell, distribute, and promote ofLPG Stoves through Indane Distributers to domestic Indane Customers. This arrangement can be renewed for a further period onmutual consent subject to our Company achieving the expected milestones as referred under the Market agreement. We have alsomade marketing arrangement with HPCL and BPCL for selling our products to their distributers and customers. Since the past yearsthe focus of our Company has been in developing innovative product range under the brand "Inflame"; entering into arrangementswith distributors; tie-up with suppliers; and recruiting a sales team which gives us a launch pad to take us forward. The company isalso manufacturing the Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like “Hindware” and “Avaante”.
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Promoter's Holding
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Total Share Capital
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2800000
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Offered to Public
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1200000
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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70
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Address |
Khewat Khatoni No. 45/45
Khasra No. 942/855/1
Village Kalyanpur Tehsil- Baddi
Solan Dist,
Himachal Pradesh,
173205
Phone : 7832901824
Email : cs@inflameindia.com
Website : www.inflameindia.com
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Registrar |
Skyline Financial Services Pvt Ltd
123
Vinoba Puri
Lajpat Nagar - II
New Delhi
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Listed at |
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BSE
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Lead Manager |
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Swastika Investmart Ltd.
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Promoters |
Aditya Kaushik
Amit Kaushik
Dinesh Kaushik
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