Bookbuilding IPO | ₹42 Cr | Listed at BSE SME | Wed, Apr 24, 2019 - Mon, May 6, 2019
Artemis Electricals IPO is a book build issue of ₹42.00 crores. The issue is entirely a fresh issue of 0.70 crore shares of ₹42.00 crore.
Artemis Electricals IPO bidding started from Apr 24, 2019 and ended on May 6, 2019. The allotment for Artemis Electricals IPO was finalized on May 6, 2019. The shares got listed on BSE SME on May 14, 2019.
Artemis Electricals IPO price band is set at ₹60 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,20,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Artemis Electricals IPO RHP for detailed Information.
IPO Open
Wed, Apr 24, 2019
IPO Close
Mon, May 6, 2019
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹148.22 Cr
| IPO Date | 24 Apr to 6 May, 2019 |
| Listed on | Tue, May 14, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹54 to ₹60 |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 70,00,000 shares (agg. up to ₹42 Cr) |
| Reserved for Market Maker | 3,56,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 66,44,000 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 66,44,000 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 1,77,03,690 shares |
| Share Holding Post Issue | 2,47,03,690 shares |
| BSE Script Code | 542670 |
| ISIN | INE757T01017 |
Artemis Electricals IPO comprises a total issue size of 70,00,000 shares. The net offer to the public is 66,44,000 shares, after excluding 3,56,000 shares allotted on a firm basis. Of the Net offer 33,22,000 (50.00%) allocated to NII 33,22,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 33,22,000 | 50.00% | 47.46% |
| Retail Shares Offered | 33,22,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,56,000 | 5.09% | |
| Total Shares Offered | 70,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Long term working capital requirements | 22.07 |
| 2 | Purchase of machinery / equipment | 5.08 |
| 3 | General corporate purposes | 9.88 |
The Artemis Electricals IPO is subscribed 1.06 times on May 6, 2019 6:50:02 PM (Day 9). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.67 | 33,22,000 | 55,56,000 |
| Retail | 0.45 | 33,22,000 | 15,02,000 |
| Total | 1.06 | 66,44,000 | 70,58,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 1.46 |
| 2 | Brokerage, selling commission and upload fees | 2.94 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (market making, depositories etc.) | 0.45 |
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.
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹70.00 |
| Low | ₹67.00 |
| High | ₹70.00 |
| Last Trade | ₹69.85 |
Lead Manager Reports
Artemis Electricals IPO is a SME IPO of 70,00,000 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Apr 24, 2019, and closes on Mon, May 6, 2019.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Artemis Electricals IPO using UPI as a payment gateway. Zerodha customers can apply in Artemis Electricals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Artemis Electricals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Artemis Electricals IPO opens on Wed, Apr 24, 2019 and closes on Mon, May 6, 2019.
Artemis Electricals IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Artemis Electricals IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, May 10, 2019. Check the Artemis Electricals IPO allotment status.
The Artemis Electricals IPO listing date is on Tue, May 14, 2019.
