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Artemis Electricals Limited IPO (Artemis Electricals IPO) Detail

April 24, 2019 - May 6, 2019

Artemis Electricals IPO is a book built issue of Rs 42.00 crores.

Artemis Electricals IPO bidding started from April 24, 2019 and ended on May 6, 2019. The allotment for Artemis Electricals IPO was finalized on Monday, May 6, 2019. The shares got listed on BSE SME on May 14, 2019.

Artemis Electricals IPO price band is set at ₹54 to ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Fedex Securities Pvt Ltd is the book running lead manager of the Artemis Electricals IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to Artemis Electricals IPO RHP for detailed information.

Artemis Electricals IPO Details

IPO Date April 24, 2019 to May 6, 2019
Listing Date May 14, 2019
Face Value ₹10 per share
Price Band ₹54 to ₹60 per share
Lot Size 2000 Shares
Total Issue Size7,000,000 shares
(aggregating up to ₹42.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Market Maker portion356,000 shares

Artemis Electricals IPO Reservation

Artemis Electricals IPO offers 7,000,000 shares. 3,322,000 (47.46%) to NII, 3,322,000 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered356,000 (5.09%)
NII (HNI) Shares Offered3,322,000 (47.46%)
Retail Shares Offered3,322,000 (47.46%)
Total Shares Offered7,000,000 (100%)

Artemis Electricals IPO Timeline (Tentative Schedule)

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

IPO Open Date Wednesday, April 24, 2019
IPO Close Date Monday, May 6, 2019
Basis of Allotment Monday, May 6, 2019
Initiation of Refunds Wednesday, May 8, 2019
Credit of Shares to Demat Friday, May 10, 2019
Listing Date Tuesday, May 14, 2019
Cut-off time for UPI mandate confirmation 5 PM on May 6, 2019

Artemis Electricals IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

Artemis Electricals IPO Promoter Holding

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

Share Holding Pre Issue 91.58%
Share Holding Post Issue

About Artemis Electricals Limited

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.

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.

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 (Artemis Electricals IPO Objectives)

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 Review (May apply)

[Dilip Davda]  

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)

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 Prospectus

Artemis Electricals IPO Rating

Rating:Rated 3.2 stars
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Artemis Electricals IPO Listing Details

Listing Date May 14, 2019
BSE Script Code 542670
NSE Symbol
ISIN INE757T01017
Final Issue Price ₹60 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Artemis Electricals Limited Contact Details

Artemis Electricals Limited
Artemis Complex, Gala No.105 & 108,
National Express Highway, Vasai (East),
Thane- 401208, Maharashtra, India
Phone: +91-7875315577

Artemis Electricals IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

Artemis Electricals IPO - Buy or Not

Artemis Electricals IPO Recommendation Summary

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

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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 April 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 April 24, 2019 and closes on May 6, 2019.

Artemis Electricals IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Artemis Electricals IPO will be done on Monday, May 6, 2019, and the allotted shares will be credited to your demat account by Friday, May 10, 2019. Check the Artemis Electricals IPO allotment status.

The Artemis Electricals IPO listing date is on May 14, 2019.
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Artemis Electricals IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



14. Ballu bhai |   Link |  Bookmark |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 |  Bookmark |May 9, 2019 12:05:51 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
Iam Expecting this IPO After Parliament Results only.
12. GrowYourMoney |   Link |  Bookmark |May 6, 2019 11:00:35 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Subscription still subdued.
Market more cautious
11. Small Investor |   Link |  Bookmark |May 1, 2019 5:21:03 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
nse effect krega kya kuch
10. Hawkeye. |   Link |  Bookmark |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 |  Bookmark |April 30, 2019 4:13:33 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
If FIIs liked the Co than they shouldn't be waited till extention.
May be a Holy trap
8. Splendid |   Link |  Bookmark |April 30, 2019 1:48:33 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Anyone Noticed FII bidding in this IPO
8.2. Splendid |   Link |  Bookmark |April 30, 2019 3:11:18 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)

Kindly check in Lagnam. There was no FII bid. Bid made by others.
8.3. Johny |   Link |  Bookmark |April 30, 2019 3:35:34 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
I said Fake HNI not FII bids. So it is quite possible here there are fake FII bids.
7. GrowYourMoney |   Link |  Bookmark |April 30, 2019 1:41:26 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Investors not showing up interest in the Co dispite of huge Marketing efforts.

Worrisome state of affairs
6. Logical Investor |   Link |  Bookmark |April 30, 2019 11:20:08 AM
Good business on records, Only concern is it is highly priced at current rate.
5. bangalore king |   Link |  Bookmark |April 30, 2019 10:28:51 AM (400 Posts)
Closing now on 6th May
4. BLR |   Link |  Bookmark |April 30, 2019 10:16:58 AM
Mr. Rajkumar can you provide your view on this IPO - Artemis Electricals Limited
3. Hawkeye. |   Link |  Bookmark |April 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 |  Bookmark |April 25, 2019 3:33:49 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Co having reasonably good Infrastructure
balance Sheet is Healthy
Need to dig deeper
2.1. Small Investors |   Link |  Bookmark |April 27, 2019 12:34:42 PM
date will extended or should be cancel due to low subscriptions till
1. Jay Dokania |   Link |  Bookmark |April 17, 2019 6:07:38 PM (300+ Posts)
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