Pulz Electronics, founded in 2005, specializes in the development and manufacturing of high-quality audio systems using Co-Axial technology and line array-based speaker systems for various industries, including cinema, pro audio, studio, and home audio. Their products include Co-Axial Surround Speakers, Hi-Power and in-wall Subwoofers, Hi-Power Co-Axial Speakers, and more. The company also imports specific types of amplifiers from China and provides annual maintenance contracts for audio systems.
Located in Palghar, a suburb of Mumbai, Pulz Electronics operates a manufacturing facility and a large warehouse stocked with off-the-shelf products for faster turnaround times on projects with short notice requirements. Overall, Pulz Electronics is dedicated to providing high-quality audio systems to their customers across multiple industries, including those with a focus on cinema, pro audio, studio, and home audio.
Pulz Electronics IPO Details
| IPO Date | Nov 14, 2017 to Nov 16, 2017 |
| Listing Date | Nov 24, 2017 |
| Face Value | ₹10 per share |
| Price | ₹51 to ₹54 per share |
| Lot Size | |
| Total Issue Size | 726,000 shares (aggregating up to ₹3.92 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Pulz Electronics IPO Listing Details
| Listing Date | Nov 24, 2017 |
| BSE Script Code | |
| NSE Symbol | PULZ |
| ISIN | INE335X01014 |
| Final Issue Price | ₹54 per share |
Industry Overview
According to a report by Grand View Research, the global consumer electronics market size was valued at USD 1.1 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2020 to 2027. The growth is attributed to the increasing demand for smart devices, rising adoption of wireless connectivity technologies, and the growing popularity of home automation systems.
In terms of the audio equipment manufacturing industry, a report by MarketsandMarkets estimates that the global market size was valued at USD 18.4 billion in 2020 and is expected to reach USD 28.3 billion by 2026, growing at a CAGR of 6.3% from 2021 to 2026. The growth is driven by the increasing demand for soundbars and wireless speakers, advancements in digital signal processing technologies, and rising consumer spending on home entertainment systems.
Company Financials
| Company financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 530.3 | 925.8 | 1,190.5 | 1,307.0 | 1,385.0 | 386.2 |
| Total expenses | 500.1 | 909.1 | 1,173.7 | 1,271.2 | 1,171.5 | 332.5 |
| Profit after tax | 20.8 | 10.5 | 0.9 | 30.1 | 134.0 | 40.1 |
Objects of the Issue
The objects of the issue are:-
1. Acquisitions and Other Strategic Initiatives
2. General Corporate Purpose
3. Issue Expenses.
Pulz Electronics IPO Prospectus
Company Contact Information
Pulz Electronics Limited
Kailashpati, 2nd Floor, Plot No. 10A,
Veera Desai Road,
Andheri (West), Mumbai 400053
Phone: +91 22 26732593
Email: mumbai@pulz.co.in
Website: http://www.pulz.biz
Pulz Electronics IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Pulz Electronics IPO Lead Manager(s)
- Sarthi Capital Advisors Private Limited (Past IPO Performance)
