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Artemis Electricals Limited IPO (Artemis Electricals IPO) Detail

Apr 24, 2019 - May 6, 2019

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

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the issue towards the following objects:

1. Long term working capital requirements
2. Purchase of machinery / equipment
3. General corporate purposes

Artemis Electricals IPO Details

Artemis Electricals IPO Date Apr 24, 2019 to May 6, 2019
Artemis Electricals IPO Face Value ₹10 per share
Artemis Electricals IPO Price ₹54 to ₹60 per share
Artemis Electricals IPO Lot Size 2000 Shares
Issue Size7,000,000 shares of ₹10
(aggregating up to ₹42.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Company Promoters

Mr. Pravin Kumar Agarwal and M/S Yashvikram Infrastructure Pvt Ltd are the Promoters of the Company.

Artemis Electricals IPO Timeline (Tentative Timetable)

Artemis Electricals IPO opens on Apr 24, 2019, and closes on May 6, 2019. The Artemis Electricals IPO bid date is from Apr 24, 2019 10.00 A.M. to May 6, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Artemis Electricals IPO Opening Date Apr 24, 2019
Artemis Electricals IPO Closing Date May 6, 2019
Basis of Allotment May 6, 2019
Initiation of Refunds May 8, 2019
Credit of Shares to Demat May 10, 2019
Artemis Electricals IPO Listing Date May 13, 2019

Artemis Electricals IPO Lot Size

The Artemis Electricals IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹120,000
Retail (Max) 1 2000 ₹120,000

Artemis Electricals IPO Promoter Holding

Pre Issue Share Holding 91.58%
Post Issue Share Holding

IPO Notices

External Link

Artemis Electricals Limited IPO Date Extended

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.

Artemis Electricals IPO Review

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.

Read detail review...


Artemis Electricals IPO Subscription Status (Bidding Detail)

The Artemis Electricals IPO is subscribed 1.06 times on May 6, 2019 6:50:02 PM. The public issue subscribed 0.45 times in the retail category, times in the QIB category, and 1.67 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.67
Retail0.45
Total1.06

Artemis Electricals IPO Prospectus

Artemis Electricals IPO Rating

49
3.2
Rating:Rated 3.2 stars
Vote Here ...

Artemis Electricals IPO Listing Date

Listing Date Tuesday, May 14, 2019
BSE Script Code 542670
NSE Symbol
Listing In MT Group of Securities
ISIN INE757T01017
IPO Price ₹60 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹60.00
₹70.00
₹67.00
₹70.00
₹69.85

Company Contact Information

Artemis Electricals Limited
Artemis Complex, Gala No.105 & 108,
National Express Highway, Vasai (East),
Thane- 401208, Maharashtra, India
Phone: +91-7875315577
Email: contact@artemiselectricals.com
Website: https://www.artemiselectricals.com/

Artemis Electricals IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/

Artemis Electricals IPO Review

Artemis Electricals IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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IPO Broker Recommendations

Artemis Electricals IPO FAQs

Artemis Electricals IPO is a SME IPO of 7,000,000 equity shares of the face value of ₹10 aggregating up to ₹42.00 Crores. The issue is priced at ₹54 to ₹60 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Apr 24, 2019, and closes on May 6, 2019.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Artemis Electricals IPO opens on Apr 24, 2019 and closes on May 6, 2019.

Artemis Electricals IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Artemis Electricals IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Artemis Electricals IPO will be done on May 6, 2019, and the allotted shares will be credited to your demat account by 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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Artemis Electricals IPO Message Board

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18 Comments

14. Ballu bhai |   Link |May 15, 2019 8:55:51 PM
Wow , this was a good ipo .
Missed it . Looking forward for good companies from the merchant bankers front.

Is there any other ipo in the pipeline of fedex securities
13. KING VINOD |   Link |May 9, 2019 12:05:51 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
Iam Expecting this IPO After Parliament Results only.
12. GrowYourMoney |   Link |May 6, 2019 11:00:35 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Subscription still subdued.
Market more cautious
11. Small Investor |   Link |May 1, 2019 5:21:03 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
nse effect krega kya kuch
10. Hawkeye. |   Link |May 1, 2019 12:21:19 PM
Lack of public response will make this ipo more riskier. I think ~3 times book would be reasonable valuation (40 per share)
9. GrowYourMoney |   Link |Apr 30, 2019 4:13:33 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
If FIIs liked the Co than they shouldn't be waited till extention.
May be a Holy trap
8. Splendid |   Link |Apr 30, 2019 1:48:33 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Anyone Noticed FII bidding in this IPO
8.2. Splendid |   Link |Apr 30, 2019 3:11:18 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Jhony

Kindly check in Lagnam. There was no FII bid. Bid made by others.
8.3. Johny |   Link |Apr 30, 2019 3:35:34 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
I said Fake HNI not FII bids. So it is quite possible here there are fake FII bids.
7. GrowYourMoney |   Link |Apr 30, 2019 1:41:26 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Investors not showing up interest in the Co dispite of huge Marketing efforts.

Worrisome state of affairs
6. Logical Investor |   Link |Apr 30, 2019 11:20:08 AM
Good business on records, Only concern is it is highly priced at current rate.
5. bangalore king |   Link |Apr 30, 2019 10:28:51 AM
Top Contributor Top Contributor (400+ Posts)
Closing now on 6th May
4. BLR |   Link |Apr 30, 2019 10:16:58 AM
Mr. Rajkumar can you provide your view on this IPO - Artemis Electricals Limited
3. Hawkeye. |   Link |Apr 27, 2019 4:45:05 PM
IPO is fully priced. (16+ PE). good client base. expecting listing between at par to 10% gain. all depends on over subscription. "i m avoiding this issue".
2. GrowYourMoney |   Link |Apr 25, 2019 3:33:49 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Co having reasonably good Infrastructure
balance Sheet is Healthy
Need to dig deeper
2.1. Small Investors |   Link |Apr 27, 2019 12:34:42 PM
date will extended or should be cancel due to low subscriptions till
1. Jay Dokania |   Link |Apr 17, 2019 6:07:38 PM
How come listing and trading are teken within 6 working days from the issue closing date when issue is closing on 30/04/2019 and listing is on 13/05/2019