Business description from prospectus – Pulz Electronics develops and manufactures high quality audio systems and solutions that capitalize on the emergence of new co-axial technology and line array based speaker systems for the cinema, Pro Audio, Studio and Home Audio Industries such as Co-Axial Surround Speaker, Hi Power and in wall Subwoofers, Hi Power Co-Axial Speakers etc. It has a manufacturing facility base built over 40,000 sq ft. in the outskirts of Mumbai at Palghar, along with a large warehousing facility which is well stocked with off-the-shelf pulz products which enables ultra-fast turnaround times for projects that require equipment at a shorter notice.
The company has a wide array of products specifically designed to cater to object based and channel based futuristic immersive audio formats like Dolby Atmos, DTSX or Auro 3D. The Research and Development team at Pulz has created numerous path-breaking advances in audio technologies of which few examples are Isotop, Isowave cinema system and Amplifiers with DPT (Dynamic Power Tracking).
The company is engaged in manufacturing of sound systems, which predominantly includes speakers and amplifiers, from where it generates its major revenues. It also imports from China and sell certain special types of amplifiers. Further it also undertakes annual maintenance contract for audio systems. In general manufacturing constitutes 70-75%, trading 15-20% and AMC 5-10% of total revenue from operations.
Promoters of Pulz Electronics – Mr. Anirvan Partha Ghose and Mr. Ramakrishnan Krishnaraju Manden Kattil
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Pulz Electronics IPO details |
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| Subscription Dates | 14 – 16 November 2017 |
| IPO Price band | INR51 – 54 per share |
| Fresh issue | 726,000 shares (INR3.70 – 3.92 crore) |
| Offer for sale | Nil |
| Total IPO size | 726,000 shares (INR3.70 – 3.92 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
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Pulz Electronics’ financial performance (in INR lakh) |
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| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 530.3 | 925.8 | 1,190.5 | 1,307.0 | 1,385.0 | 386.2 |
| Total expenses | 500.1 | 909.1 | 1,173.7 | 1,271.2 | 1,171.5 | 332.5 |
| Profit after tax | 20.8 | 10.5 | 0.9 | 30.1 | 134.0 | 40.1 |
Pulz Electronics Limited
Kailashpati, 2nd Floor, Plot No. 10A
Veera Desai Road
Andheri (W), Mumbai-400053
Phone: +91 22 2673 2593
Email: [email protected]
Website: www.pulz.biz
| Day |
Subscription (no. of times) |
| Day 1 | 0.46 |
| Day 2 | 1.34 |
| Day 3 | 14.95 |
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Earnings Per Share (EPS): INR6.7
Price/Earnings (P/E) ratio: 7.61 – 8.06
Return on Net Worth (RONW): 35%
Net Asset Value (NAV): INR19.15 per share
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Pulz Electronics IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 14 November 2017
IPO Closing Date: 16 November 2017
Finalisation of Basis of Allotment: 21 November 2017
Initiation of refunds: 22 November 2017
Transfer of shares to demat accounts: 23 November 2017
Listing Date: 24 November 2017
Listing Price on NSE SME: INR64.8 per share (up 20% from IPO price)
Closing Price on NSE SME: INR64.05 per share (up 18.6% from IPO price)
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