Artemis Electricals IPO description – Artemis Electricals is into the business of manufacturing and trading of Light Emitting Diode “LED” Lights and LED lighting accessories. The company is dependent on third party for manufacturing of LED bulbs. It manufactures and trades indoor and outdoor LED luminaries such as, Street lights, Solar Powered Home LED lighting Systems and LED based Street Lights, Down lights, Garden lights, pavement / walk through indication lights, etc. The application of our products is in spaces like general lighting, architectural, residential, office, industrial, shop, hospitality, and outdoor.
Its product basket consists of solutions across the LED luminary spectrum i.e. LED emitter to LED driver & LED luminaries including Solar Powered Home LED lighting Systems and LED based Street Lights. Its LED drivers are manufactured in a facility located in Vasai, mainly using SMD components on an automatic pick-n-place machine. The company is an ISO 9001:2015, ISO 14001:2015 & OHSAS 18001:2007 certified company.
The company has its manufacturing plant located at Vasai which supplies finished products directly to Original Equipment Manufacturer “OEM” who in terms apply in their brand and sale to the ultimate customer.
Artemis Electrials promoters – Pravin Kumar Agarwal & M/S Yashvikram Infrastructure Private Limited
| Artemis Electrials – Upcoming IPO details | |
| Subscription Dates | 24 April – 6 May 2019 |
| IPO Price band | INR54 – 60 per share |
| Fresh issue | 7,000,000 shares (INR38.5 – 42 crore) |
| Offer for sale | Nil |
| Total IPO size | 7,000,000 shares (INR38.5 – 42 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Long Term Working Capital Requirements – INR22.07 crore
- Purchase of machinery / equipment – INR5.08 crore
- General Corporate Purposes
- Issue Expenses
| Artemis Electricals’ financial performance (in INR crore) | ||||||
| FY2016 | FY2017 | FY2018 | 7M FY2019 | |||
| Total revenue | 45.34 | 47.24 | 89.51 | 52.42 | ||
| Total expenses | 43.25 | 44.38 | 75.37 | 44.19 | ||
| Profit after tax | 1.55 | 1.77 | 9.53 | 5.93 | ||
Artemis Electricals Contact Details
Artemis Electricals Limited201 A, A Wing
2nd Floor, Fortune 2000, G Block
BKC, Bandra [East], Mumbai – 400051 Phone: +91 022-26530163/64
Email: [email protected]
Website: www.artemiselectricals.com
Artemis Electricals IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 |
0.00 |
| Day 2 |
0.00 |
| Day 3 |
0.03 |
| Day 4 |
0.45 |
| Day 5 |
0.57 |
| Day 6 | 0.63 |
| Day 7 | 1.00 |
Artemis Electricals Valuation (FY2018)
Earnings Per Share (EPS): INR5.38
Price/Earnings (P/E) ratio: 10.22 – 11.15
Return on Net Worth (RONW): 53.20%
Net Asset Value (NAV): INR10.15 per share
Registrar of Artemis Electricals IPO
Cameo Corporate Services LimitedSubramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email: [email protected]
Website: http://www.cameoindia.com
Artemis Electricals IPO Allotment Status
Artemis Electricals IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Listing performance of Artemis Electricals
IPO Opening Date: 24 April 2019
IPO Closing Date: 6 May 2019
Listing Date: 14 May 2019
Listing Price on BSE SME: INR70 per share (up 16.67% from IPO price)
Closing Price on BSE SME: INR69.85 per share (up 16.42% from IPO price)
