Business description – Five Core Electronics was incorporated in 2002 in Kolkata to manufacture as well as export PA systems. The company was founded to enter the audio era with innovative products driven by the needs of professional customers. The company’s first unit was established in Fateh Nagar, Delhi on a rented premise in year 2002-03. Soon, after a year, the business growth warranted expansion and hence new premise was taken on lease by the company at C-116, Fateh Nagar, Delhi. In the year 2008-09, another factory was established in Bhiwadi and product portfolio was expanded. Today, the company manufactures and exports whole range of Public Address Systems – Woofers, Amplifiers, Computer Speakers, Personal Speaker System, Headphones and Earphones. In the year 2016-17, another expansion was done in RIICO, Industrial Area, Sare Khurd, Bhiwadi, Alwar with most modern machines and technology.
Promoters of Five Core Electronics – Mr Amarjit Singh Kalra and Ms Surinder Kaur Kalra
| Five Core Electronics IPO details | |
| Subscription Dates | 9 – 11 May 2018 |
| IPO Price band | INR140 per share |
| Fresh issue | 3,333,000 shares (INR46.66 crore) |
| Offer for sale | Nil |
| Total IPO size | 3,333,000 shares (INR46.66 crore) |
| Minimum bid (lot size) | 1,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working capital requirements of the company – INR23.19 crore
- Working capital requirements of subsidiary 5 Core Acoustics – INR10.00 crore
- General corporate purpose – INR5.60 crore
- Repayment of unsecured loan of promoters/directors – INR3.20 crore
- Public Issue Expenses – INR4.67 crore
| Five Core Electronics’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 85.6 | 111.8 | 113.5 | 122.9 | 170.6 | 152.6 |
| Total expenses | 84.5 | 110.5 | 112.3 | 121.5 | 168.5 | 146.4 |
| Profit after tax | 0.7 | 0.9 | 0.7 | 1.0 | 1.5 | 4.1 |
Five Core Electronics’ Contact Details
Five Core Electronics Limited
WZ-15B, Ground Floor
Uggarsain Market, Ashok Nagar
New Delhi – 110018
Phone: +91 11 2812 8000
Email: [email protected]
Website: www.5core.in
Five Core Electronics IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.46 |
| Day 2 | 0.52 |
| Day 3 | 1.77 |
Five Core Electronics Valuation (Latest FY)
Earnings Per Share (EPS): INR2.46
Price/Earnings (P/E) ratio: 56.91
Return on Net Worth (RONW): 5.84%
Net Asset Value (NAV): INR42.38 per share
Registrar of Five Core Electronics IPO
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
Five Core Electronics IPO Allotment Status
Five Core Electronics IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Five Core Electronics
IPO Opening Date: 9 May 2018
IPO Closing Date: 11 May 2018
Listing Date: 21 May 2018
Listing Price on NSE SME: INR140.9 per share (up 0.64% from IPO price)
Closing Price on NSE SME: INR145.5 per share (up 3.92% from IPO price)
