Inflame Appliances Ltd IPO

IPO Synopsis

Initial public issue of 12,00,000 equity shares of face value of Rs.10 each (equity shares) of Inflame Appliances Limited (the company the issuer) fthe cash at a price of Rs. 54.00 per equity share (including a share premium of Rs. 44.00 per equity share) (issue price) aggregating to Rs. 6.48 Crores (issue) of which 64,000 equity shares of face value of Rs.10.00 each fthe a cash price of Rs. 54.00 per equity share, aggregating to Rs. 0.35 Crores will be reserved fthe subscription by market maker (market maker reservation pthetion). The issue less the market maker reservation pthetion i.e. Issue of 11,36,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 54.00 per equity share aggregating to Rs. 6.13 Crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 30.00% and 28.40%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 54.00. The issue price is 5.4 times of the face value.