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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 ₹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 Promoters:

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

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

Issue OpenApr 24, 2019 - May 6, 2019
Issue TypeBook Built Issue IPO
Issue Size7,000,000 Eq Shares of Rs 10
(aggregating up to Rs 42.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 54 - Rs 60 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME

Artemis Electricals IPO Tentative Date / Timetable

Bid/Offer Opens OnApr 24, 2019
Bid/Offer Closes OnMay 6, 2019
Finalisation of Basis of AllotmentMay 6, 2019
Initiation of RefundsMay 8, 2019
Credit of Shares to Demat Acct:May 10, 2019
IPO Shares Listing Date:May 13, 2019

Artemis Electricals IPO Promoter Holding

Pre Issue Share Holding91.58%
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 Subscription Status (Bidding Detail)

Artemis Electricals IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

3,322,000

3,322,000

6,644,000

May 6, 2019 18:50

1.67x

0.45x

1.06x

Artemis Electricals IPO Prospectus

Artemis Electricals IPO Rating

49
3.2
Rating:Rated 3.2 stars

Vote Here ...

Artemis Electricals IPO Listing Date

Listing DateTuesday, May 14, 2019
BSE Script Code542670
NSE Symbol
Listing InMT
ISININE757T01017
Issue PriceRs 60 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
Rs 60.00
Rs 70.00
Rs 67.00
Rs 70.00
Rs 69.85
1,692,000

Artemis Electricals IPO Reviews / Ratings

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
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

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

Artemis Electricals IPO Lead Manager(s)

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Artemis Electricals IPO Review / Comments

avatar
14. Ballu bhai  May 15, 2019 20:55 I Like It. 1 | Report Abuse Reply
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
avatar
13. KING VINOD  May 9, 2019 12:05 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)
Iam Expecting this IPO After Parliament Results only.
avatar
12. GrowYourMoney  May 6, 2019 11:00 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Subscription still subdued.
Market more cautious
avatar
11. Small Investor  May 1, 2019 17:21 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
nse effect krega kya kuch
avatar
10. Hawkeye.  May 1, 2019 12:21 I Like It. | Report Abuse Reply
Lack of public response will make this ipo more riskier. I think ~3 times book would be reasonable valuation (40 per share)
avatar
9. GrowYourMoney  Apr 30, 2019 16:13 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
If FIIs liked the Co than they shouldn't be waited till extention.
May be a Holy trap
avatar
8. Splendid  Apr 30, 2019 13:48 I Like It. | Report Abuse Reply
Anyone Noticed FII bidding in this IPO
avatar
8.2. Splendid  Apr 30, 2019 15:11 I Like It. | Report Abuse
@Jhony

Kindly check in Lagnam. There was no FII bid. Bid made by others.
avatar
8.3. Johny  Apr 30, 2019 15:35 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
I said Fake HNI not FII bids. So it is quite possible here there are fake FII bids.
avatar
7. GrowYourMoney  Apr 30, 2019 13:41 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Investors not showing up interest in the Co dispite of huge Marketing efforts.

Worrisome state of affairs
avatar
6. Logical Investor  Apr 30, 2019 11:20 I Like It. | Report Abuse Reply
Good business on records, Only concern is it is highly priced at current rate.
avatar
5. bangalore king  Apr 30, 2019 10:28 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts)
Closing now on 6th May
avatar
4. BLR  Apr 30, 2019 10:16 I Like It. | Report Abuse Reply
Mr. Rajkumar can you provide your view on this IPO - Artemis Electricals Limited
avatar
3. Hawkeye.  Apr 27, 2019 16:45 I Like It. 2 | Report Abuse Reply
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".
avatar
2. GrowYourMoney  Apr 25, 2019 15:33 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Co having reasonably good Infrastructure
balance Sheet is Healthy
Need to dig deeper
avatar
2.1. Small Investors  Apr 27, 2019 12:34 I Like It. 1 | Report Abuse
date will extended or should be cancel due to low subscriptions till
avatar
1. Jay Dokania  Apr 17, 2019 18:07 I Like It. 1 | Report Abuse Reply
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



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