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Five Core Electronics IPO is a fixed price issue of ₹46.66 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹46.66 crore.
Five Core Electronics IPO bidding started from May 9, 2018 and ended on May 11, 2018. The shares got listed on NSE SME on May 21, 2018.
Five Core Electronics IPO price is ₹140.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
Indian Overseas Bank is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Five Core Electronics IPO RHP for detailed Information.
| IPO Date | May 9, 2018 to May 11, 2018 |
| Listing Date | May 21, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 33,33,000 shares (aggregating up to ₹46.66 Cr) |
| Reserved for Market Maker | 1,69,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹2.37 Cr) |
| Net Offered to Public | 31,64,000 shares (aggregating up to ₹44.30 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 92,87,622 shares |
| Share Holding Post Issue | 1,26,20,622 shares |
Five Core Electronics IPO offers total 33,33,000 shares. Out of which 15,82,000 (47.46%) allocated to NII, 15,82,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,69,000 (5.07%) |
| NII (HNI) Shares Offered | 15,82,000 (47.46%) |
| Retail Shares Offered | 15,82,000 (47.46%) |
| Total Shares Offered | 33,33,000 (100.00%) |
Five Core Electronics IPO opens on May 9, 2018, and closes on May 11, 2018.
| IPO Open Date | Wed, May 9, 2018 |
| IPO Close Date | Fri, May 11, 2018 |
| Tentative Listing Date | Mon, May 21, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 11, 2018 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Incorporated in 2002, Delhi based Five Core Electronics Limited is in the business of manufacturing and exporting whole range of Public Address Systems - Woofers, Amplifiers, Computer Speakers, Personal Speaker System, Headphones, and Earphones. The Company has also been trading in the fabric.
Five Core has a strong presence in the overseas market in African Continent, UAE, South America, Singapore, Dubai, Bangladesh, Vietnam Nepal, to name a few. Its products are sold in 56 countries across 6 continents through a network of over 350 distributors and dealers. In India, the company is present in 17 States through a distributor and dealer network of more than 240 in different zones. It has also opened showrooms in Dehradun, Saharanpur, Chomu, Guwahati, Jeopur, Patna, Raxaul, Bhagalpur, Calicut and Hyderabad which are run by dealers.
Five Core has 296 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 7,692.07 | 4,852.13 | 3,320.90 | 3,604.09 | 2,350.70 | |
| Total Revenue | 17,061.75 | 12,294.19 | 11,349.31 | 11,180.05 | 8,558.34 | |
| Profit After Tax | 148.69 | 95.26 | 66.28 | 85.11 | 74.44 | |
The Company Five Core Electronics 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 | To meet the working capital requirements of the Company | 23.19 |
| 2 | To meet the working capital requirements of the Subsidiary, 5 Core Acoustics Private Limited | 10.00 |
| 3 | General Corporate Purpose | 5.60 |
| 4 | Repayment of Unsecured Loan of Promoters/Directors | 3.20 |
[Dilip Davda] <p>Based on its track record for Fiscal 14 to 17, it fared with average performances. For first nine months it has posted spectacular performance which raises concern on sustainability. Although company is the first mover in the segment, considering main concern of sustainability of bottom lines as the industry is highly fragmented, investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | May 21, 2018 |
| BSE Script Code | |
| NSE Symbol | FIVECORE |
| ISIN | INE574Z01013 |
| Final Issue Price | ₹140 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹140.90 |
| Low | ₹138.00 |
| High | ₹147.90 |
| Last Trade | ₹145.50 |
Five Core Electronics Ltd.
WZ-15B, Ground Floor
Uggarsain Market,
Ashok Nagar,
Delhi, New Delhi, 110018
Phone: +91 11 28128000
Email: investcare@5core.in
Website: http://www.5core.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Five Core Electronics IPO is a SME IPO of 33,33,000 equity shares of the face value of ₹10 aggregating up to ₹46.66 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on May 9, 2018, and closes on May 11, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Five Core Electronics IPO using UPI as a payment gateway. Zerodha customers can apply in Five Core Electronics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Five Core Electronics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Five Core Electronics IPO opens on May 9, 2018 and closes on May 11, 2018.
Five Core Electronics IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Five Core Electronics 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 Five Core Electronics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Five Core Electronics IPO allotment status.
The Five Core Electronics IPO listing date is on Monday, May 21, 2018.
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