Artemis Electricals IPO is all about to make its debut on 24 April 2019 with issue size of INR 42cr .
Artemis Electricals Limited, based in Mumbai, was founded in 2009 and specializes in the manufacturing and trading of LED lights and LED lighting accessories. The company produces and sells indoor and outdoor LED luminaires.
LED drivers are manufactured at the company’s Vasai manufacturing facility. They use third-party manufacturing facilities to produce LED bulbs. The finished goods are delivered to the Original Equipment Manufacturer (OEM), who applies their brand and sells to retail customers. The company has 32 employees and 11 contractors as of January 2019. Two of the company’s employees work in research and development.
INDUSTRY OVERVIEW
The global economy’s outlook has deteriorated. Global financing conditions have tightened, industrial production has slowed, trade tensions have remained high, and some major emerging market and developing economies have experienced significant financial market stress. In the face of these headwinds, The recovery in emerging and developing economies has stalled. The possibility of disorderly financial market movements is one of the more serious downside risks. Debt vulnerabilities have increased in emerging market and developing economies, particularly in low-income countries.
More frequent severe weather events would increase the likelihood of large swings in international food prices, potentially worsening poverty. In this challenging environment, it is critical for emerging market and developing economies to rebuild policy buffers while laying a firmer foundation. for future growth by increasing human capital, promoting trade integration, and addressing informality challenges.
Artemis Electricals IPO Details
| IPO Date | Apr 24, 2019 to May 6, 2019 |
| Listing Date | Tuesday, May 14, 2019 |
| Face Value | ₹10 per share |
| Price | ₹54 to ₹60 per share |
| Lot Size | 2000 Shares |
| Issue Size | 7,000,000 shares of ₹10 (aggregating up to ₹42.00 Cr) |
| Market Maker portion | 356,000 shares |
| 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 Tentative Dates
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 | Tentative Date |
|---|---|
| Opening Date | Apr 24, 2019 |
| 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 |
| Listing Date | May 13, 2019 |
Company Financials
| 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 intends to use the Net Proceeds obtained from the issuance of funds for the following purposes:
- Meeting long-term working capital needs
- Acquiring machinery or equipment
- Fulfilling general corporate objectives.
Artemis Electricals IPO Prospectus
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 Lead Manager(s)
- Fedex Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
