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.

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 ₹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

IPO DateApr 24, 2019 - May 6, 2019
Issue TypeBook Built Issue IPO
Issue Size7,000,000 Eq Shares of ₹10
(aggregating up to ₹42.00 Cr)
Face Value₹10 Per Equity Share
IPO Price₹54 to ₹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 AcctMay 10, 2019
IPO Shares Listing DateMay 13, 2019

Artemis Electricals IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

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




Shares Offered




May 6, 2019 18:50




Artemis Electricals IPO Prospectus

Artemis Electricals IPO Rating

Rating:Rated 3.2 stars

Vote Here ...

Artemis Electricals IPO Listing Date

Listing DateTuesday, May 14, 2019
BSE Script Code542670
NSE Symbol
Listing InMT
IPO Price₹60 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

IPO Price
Last Trade

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

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

Artemis Electricals IPO Lead Manager(s)

Artemis Electricals IPO FAQs

  1. 1. What is Artemis Electricals IPO?

    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 price of the IPO is ₹54 to ₹60 Per Equity Share. The minimum order quantity is 2000 Shares per application and the offer type is Book Built Issue.

    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.

  2. 2. When Artemis Electricals IPO will open?

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

  3. 3. How to apply for Artemis Electricals IPO?

    Artemis Electricals IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Artemis Electricals IPO allotment?

    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.

  5. 5. When is Artemis Electricals IPO listing date?

    The Artemis Electricals IPO listing date is on Tuesday, May 14, 2019, at BSE SME.
  6. 6. What is the lot size of Artemis Electricals IPO?

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

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Artemis Electricals IPO Review / Comments

Ballu bhai
14. Ballu bhai  May 15, 2019 20:55
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  May 9, 2019 12:05
IPO Guru IPO Guru (1200+ Posts, 2800+ Likes)
Iam Expecting this IPO After Parliament Results only.
12. GrowYourMoney  May 6, 2019 11:00
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Subscription still subdued.
Market more cautious
Small Investor
11. Small Investor  May 1, 2019 17:21
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
nse effect krega kya kuch
10. Hawkeye.  May 1, 2019 12:21
Lack of public response will make this ipo more riskier. I think ~3 times book would be reasonable valuation (40 per share)
9. GrowYourMoney  Apr 30, 2019 16:13
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  Apr 30, 2019 13:48
Top Contributor Top Contributor (200+ Posts)
Anyone Noticed FII bidding in this IPO
8.2. Splendid  Apr 30, 2019 15:11
Top Contributor Top Contributor (200+ Posts)

Kindly check in Lagnam. There was no FII bid. Bid made by others.
8.3. Johny  Apr 30, 2019 15:35
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
I said Fake HNI not FII bids. So it is quite possible here there are fake FII bids.
7. GrowYourMoney  Apr 30, 2019 13:41
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
Logical Investor
6. Logical Investor  Apr 30, 2019 11:20
Good business on records, Only concern is it is highly priced at current rate.
bangalore king
5. bangalore king  Apr 30, 2019 10:28
Top Contributor Top Contributor (300+ Posts)
Closing now on 6th May
4. BLR  Apr 30, 2019 10:16
Mr. Rajkumar can you provide your view on this IPO - Artemis Electricals Limited
3. Hawkeye.  Apr 27, 2019 16:45
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  Apr 25, 2019 15:33
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Co having reasonably good Infrastructure
balance Sheet is Healthy
Need to dig deeper
Small Investors
2.1. Small Investors  Apr 27, 2019 12:34
date will extended or should be cancel due to low subscriptions till
Jay Dokania
1. Jay Dokania  Apr 17, 2019 18:07
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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