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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 ₹60.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,08,000 (2000 shares). The minimum lot size investment for 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 Date | April 24, 2019 to May 6, 2019 |
| Listing Date | May 14, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹54 to ₹60 per share |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 70,00,000 shares (aggregating up to ₹42.00 Cr) |
| Reserved for Market Maker | 3,56,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹2.14 Cr) |
| Net Offered to Public | 66,44,000 shares (aggregating up to ₹39.86 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,77,03,690 shares |
| Share Holding Post Issue | 2,47,03,690 shares |
Artemis Electricals IPO offers total 70,00,000 shares. Out of which 33,22,000 (47.46%) allocated to NII, 33,22,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,56,000 (5.09%) |
| NII (HNI) Shares Offered | 33,22,000 (47.46%) |
| Retail Shares Offered | 33,22,000 (47.46%) |
| Total Shares Offered | 70,00,000 (100.00%) |
Artemis Electricals IPO opens on April 24, 2019, and closes on May 6, 2019.
| IPO Open Date | Wed, Apr 24, 2019 |
| IPO Close Date | Mon, May 6, 2019 |
| Tentative Allotment | Mon, May 6, 2019 |
| Initiation of Refunds | Wed, May 8, 2019 |
| Credit of Shares to Demat | Fri, May 10, 2019 |
| Tentative Listing Date | Tue, May 14, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 6, 2019 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 Artemis Electricals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Long term working capital requirements | 22.07 |
| 2 | Purchase of machinery / equipment | 5.08 |
| 3 | General corporate purposes | 9.88 |
[Dilip Davda] <p>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.</p> Read detail review...
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 |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹70.00 |
| Low | ₹67.00 |
| High | ₹70.00 |
| Last Trade | ₹69.85 |
Artemis Electricals Ltd.
Artemis Complex, Gala No.105 & 108,
National Express Highway,
Vasai (East),
Thane, Maharashtra, 401208
Phone: +91-7875315577
Email: contact@artemiselectricals.com
Website: https://www.artemiselectricals.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Artemis Electricals IPO is a SME IPO of 70,00,000 equity shares of the face value of ₹10 aggregating up to ₹42.00 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on April 24, 2019, and closes on 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 April 24, 2019 and closes on 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 Friday, May 10, 2019. Check the Artemis Electricals IPO allotment status.
The Artemis Electricals IPO listing date is on Tuesday, May 14, 2019.
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