Inflame Appliances Share Price

Inflame Appliances Limited was originally formed as a partnership firm in the name and style of M/s Techno Engineering Corpn. vide deed of partnership dated March 20, 2010 entered between Mr. Dinesh Kapoor and Mr. Karan Kapoor. Further the partnership firm M/s. Techno Engineering Corpn. was thereafter converted into Public Limited Company with the name and style of Inflame Appliances Limited on November 14, 2017. Presently Mr. Aditya Kaushik, Mr. Dinesh Kaushik, and Mr. Amit Kaushik are Promoters of the Company.Inflame Appliances Limited is an ISO 9001:2015 certified company and engaged in manufacturing of Electrical Chimneys/RangeHoods, Builtin Gas Hobs and LPG Gas Stove/ Cooktops(Metal Glass Cooktops) in Haryana and Telangana.Since past years the Company has been in developing innovative product range under the brand Inflame entering into arrangements with distributors tieup with suppliers and recruiting a sales team which gives a launch pad to take it forward. It is manufacturing Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like Hindware and Avaante. The Company has 2 facilities one each at Panchkula, Haryana and Hyderabad, Telangana (currently under setup).The Company started Manufacturing of Gas Stove and parts in 2015. In 2016, it signed an agreement with Indian Oil Corporation Limited for Selling of LPG Stove to Domestic Indane Distributors. The Company was associated with Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited for Selling of LPG Stove in 2017. In March, 2018, the Company came up with an Initial Public Offer of 12,00,000 Equity Shares by raising capital aggregating Rs 6.48 Crore and got listed its shares on the BSE SME. The Company commenced production to manufacture Kitchen Hoods, which was installed in 2019. It installed machines backed up with advanced technology like CNC Punching machine and laser cutting machine, complete glass toughening line comprising of a tempering furnace, CNC glass cutting table and other glass processing machines. It added new products in existing product portfolio like Electric Chimneys, Hobs and Cooking Ranges. It commissioned a new plant and the technical cost pertaining to installation of various machines which is approx. Rs 1.5 Crore.