Comrade Appliances Limited

Company Overview

Comrade Appliances Limited was incorporated in 2017 and operates in the consumer durables sector, focusing on the manufacturing of air coolers and electric geysers. The Company is engaged in both the manufacturing and assembly of consumer appliances, providing end-to-end product solutions.

The Company operates under Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) models. Under the OEM model, it manufactures products based on customer-provided designs, which are marketed under the customer's brand. Under the ODM model, it undertakes product conceptualisation, design, and manufacturing, with finished products sold under the respective customer brands. Products are also marketed under the brand name “Comrade.”

Comrade Appliances Limited operates a manufacturing facility in Palghar, Maharashtra, covering approximately 66,322 square feet, equipped to support scalable manufacturing operations and in-house product development.

Issue Type
SME IPO (Initial Public Ofer)
Issue Size
₹12.30 Cr
Listing Date
13 June 2023
Exchange
BSE SME

Offer Documents

Red Herring Prospectus

PDF | 5.1 MB

Basis of Allotment Ad

PDF | 845.0 KB

Abridged Prospectus

PDF | 419.6 KB