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Artemis Electricals IPO is a book built issue of Rs 42.00 crores.
Artemis Electricals IPO bidding started from April 24, 2019 and ended on May 6, 2019. The allotment for Artemis Electricals IPO was finalized on Monday, May 6, 2019. The shares got listed on BSE SME on May 14, 2019.
Artemis Electricals IPO price band is set at ₹54 to ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Artemis Electricals IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Artemis Electricals IPO RHP for detailed information.
| IPO Date | April 24, 2019 to May 6, 2019 |
| Listing Date | May 14, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹54 to ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 7,000,000 shares (aggregating up to ₹42.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 17,703,690 |
| Share holding post issue | 24,703,690 |
| Market Maker portion | 356,000 shares |
Artemis Electricals IPO offers 7,000,000 shares. 3,322,000 (47.46%) to NII, 3,322,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 356,000 (5.09%) |
| NII (HNI) Shares Offered | 3,322,000 (47.46%) |
| Retail Shares Offered | 3,322,000 (47.46%) |
| Total Shares Offered | 7,000,000 (100%) |
Artemis Electricals IPO opens on April 24, 2019, and closes on May 6, 2019.
| IPO Open Date | Wednesday, April 24, 2019 |
| IPO Close Date | Monday, May 6, 2019 |
| Basis of Allotment | Monday, May 6, 2019 |
| Initiation of Refunds | Wednesday, May 8, 2019 |
| Credit of Shares to Demat | Friday, May 10, 2019 |
| Listing Date | Tuesday, May 14, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 6, 2019 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| Lot Size Calculator | |||
Mr. Pravin Kumar Agarwal and M/S Yashvikram Infrastructure Pvt Ltd are the Promoters of the Company.
| Share Holding Pre Issue | 91.58% |
| Share Holding Post Issue |
Incorporated in 2009, Mumbai based Artemis Electricals Limited is engaged in manufacturing and trading of LED lights and LED lighting accessories. The company manufactures and trades indoor and outdoor LED luminaries.
The company manufactures LED drivers at its manufacturing facility located in Vasai. They use third-party manufacturing facilities for manufacturing of LED bulbs. The finished products are delivered to Original Equipment Manufacturer (OEM) who in terms apply-in their brand and sale to the retail customers.
As of Jan 2019, the company has 32 employees and 11 contractors. Two of the company employees are in R&D.
Products
The company manufactures products in 2 categories; Indoor Lighting and Outdoor Lighting. The product line of the company includes LED Panel Lights, LED Street Lights, Solar LED Street Lights, LED Down Lights, LED Surface Down Lights, Pendant Downlights, LED Spot Lights, LED Batten Lights, LED Architectural Lights, LED Focus Lights, LED Bulbs.
The company also manufactures and trade in Solar charge controllers, Solar powered LED Batten Lights, Solar powered LED Down Lights, Solar powered LED Street Lights, Solar powered LED Bulbs, Solar powered Fans, Solar powered LED Lanterns etc.
Manufacturing Plant
The company has a manufacturing plant in Vasai, from where it supplies the products to OEM's for further selling and branding.
Revenue
As on 31st Oct 2018, the revenue of the company from the selling of LED lighting products and other LED accessories was Rs 5,241.26 Lakhs. Company doesn't provide a clear distinction between manufacturing and trading revenue.
The competitive strengths of the company are:
1. Complete value chain in-house
2. Manufacturing unit at Vasai
3. Time-bound execution
4. Strong client base
5. Government contracts
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Oct-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 6,484.70 | 6,732.59 | 1,969.07 | 1,378.89 | |
| Total Revenue | 5,241.26 | 8947.63 | 4723.87 | 4531.21 | |
| Profit After Tax | 592.75 | 952.90 | 177.04 | 154.76 | |
The Company proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Long term working capital requirements
2. Purchase of machinery / equipment
3. General corporate purposes
[Dilip Davda]
Based on recent performance with better earnings, the issue is fully priced. Sustainability of such earnings going forward is a major concern. Considering this, cash surplus, risk savvy investors may consider investment at their own risk.
Read detail review...The Artemis Electricals IPO is subscribed 1.06 times on May 6, 2019 6:50:02 PM. The public issue subscribed 0.45 times in the retail category, times in the QIB category, and 1.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.67 |
| Retail | 0.45 |
| Total | 1.06 |
Artemis Electricals Limited has informed the Exchange that the issue closure date has been extended upto 06 May, 2019. The lower price has been revised from Rs 55 to Rs 54 per share.
| Listing Date | May 14, 2019 |
| BSE Script Code | 542670 |
| NSE Symbol | |
| ISIN | INE757T01017 |
| Final Issue Price | ₹60 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹60.00 |
| ₹70.00 |
| ₹67.00 |
| ₹70.00 |
| ₹69.85 |
Artemis Electricals Limited
Artemis Complex, Gala No.105 & 108,
National Express Highway, Vasai (East),
Thane- 401208, Maharashtra, India
Phone: +91-7875315577
Email: contact@artemiselectricals.com
Website: https://www.artemiselectricals.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
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Artemis Electricals IPO is a SME IPO of 7,000,000 equity shares of the face value of ₹10 aggregating up to ₹42.00 Crores. The issue is priced at ₹54 to ₹60 per share. The minimum order quantity is 2000 Shares.
The IPO opens on April 24, 2019, and closes on May 6, 2019.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Artemis Electricals IPO opens on April 24, 2019 and closes on May 6, 2019.
Artemis Electricals IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.
You can apply in Artemis Electricals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Artemis Electricals IPO will be done on Monday, May 6, 2019, and the allotted shares will be credited to your demat account by Friday, May 10, 2019. Check the Artemis Electricals IPO allotment status.
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Missed it . Looking forward for good companies from the merchant bankers front.
Is there any other ipo in the pipeline of fedex securities