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Artemis Electricals Limited IPO – Review, Allotment, Subscription & DRHP

Let’s have a detailed review of the company and analytics of the Artemis Electricals IPO release date, IPO offer price, subscription, Artemis Electricals IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Artemis Electricals Limited is engaged in the business of manufacturing and trading of Light Emitting Diode “LED” Lights and LED lighting accessories. The manufacture and trade in all sorts of outdoor and indoor LED based lighting solutions such as, Street lights, Solar Powered Home LED lighting Systems and LED based Street Lights, Down lights, Garden lights, pavement / walk through indication lights, etc.


Artemis Electricals IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Artemis Electricals Limited  IPO

Artemis Electricals IPOArtemis Electricals Limited  is engaged in the business of manufacturing and trading of Light Emitting Diode “LED” Lights and LED lighting accessories. The manufacture and trade in all sorts of outdoor and indoor LED based lighting solutions such as, Street lights, Solar Powered Home LED lighting Systems and LED based Street Lights, Down lights, Garden lights, pavement / walk through indication lights, etc. 

From FY 2013-14 to FY 2016-2017, as per the Restated Financial Statements

The revenues have increased from INR 663.20 lakhs in F.Y. 2013–14 to INR 894.06 lakhs in F.Y. 2014–15, to INR 4,533.87 lakhs in F.Y. 2015–16, to INR 4,723.87 lakhs in F.Y. 2016-17 and further to INR 8951.31 lakhs in F.Y. 2017–18, reflecting a CAGR of 91.67%.

  • During the financial year 2017-18 the Other Income of the company increased to Rs. 3.68 Lakhs as against Rs. 2.66 Lakhs for the financial year 2015-16, representing increase by 38.3 % due to increase in interest income & insurance claim in FY 2017- 18.
  • The Net Profit after tax for the above – mentioned periods are INR 15.57 lakhs, INR 32.42 lakhs, INR 156.57 lakhs, INR 180.78 lakhs and INR 956.21 lakhs, respectively, showing a growth at a CAGR of 179.94%.

The Promoter of this company is Pravin Kumar Agarwal and M/s. Yashvikram Infrastructure Private Limited. The lead manager to the issue is FEDEX SECURITIES PRIVATE LIMITED and the Registrar to this issue is Cameo Corporate Services Limited.


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Artemis Electricals IPO Date

The opening and the closing date of Artemis Electricals Limited IPO is Apr 24, 2019 – May 6, 2019.


Artemis Electricals IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – Apr 240.00x0.00x0.00x
2nd Day – Apr 250.00x0.01x0.00x
3rd Day – Apr 260.05x0.01x0.03x
4th Day – Apr 290.05x0.01x0.03x
5th Day – Apr 300.84x0.11x0.48x
6th Day – May 10.84x0.11x0.48x
7th Day – May 21.06x0.14x0.60x
8th Day – May 31.15x0.20x0.67x
9th Day – May 6   
Shares Offered or Net Issue3,322,0003,322,0006,644,000

The shares subscribed by the public will be updated here.


Artemis Electricals IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Basis of Allotment Finalization6-May-19
Refunds Initiation8-May-19
Credit of Shares to Demat Account10-May-19
Share Listing Date13-May-19

Artemis Electricals IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is Rs 55 – Rs 60.


Artemis Electricals IPO Equity Share Offering

The Artemis Electricals IPO comprises of issue size 7,000,000 Equity shares, face value of Rs.10 each, aggregating up to Rs 42 Crores. The minimum order quantity or market lot is 2,000 equity shares. Listed at BSE SME.


Artemis Electricals Limited – Company Overview

It was originally incorporated as “Artemis Electricals Private Limited” under the provisions of the Companies Act, 1956 vide certificate of incorporation dated October 26, 2009 and subsequently, pursuant to a Shareholder’s resolution passed on July 25, 2015 the name of the Company was changed to “Artemis Electricals Limited” by issue of a fresh certificate of incorporation by the Registrar of Companies.

Artemis Electricals Limited is engaged in the business of manufacturing and trading of Light Emitting Diode “LED” Lights and LED lighting accessories. The manufacture and trade in all sorts of outdoor and indoor LED based lighting solutions such as, Street lights, Solar Powered Home LED lighting Systems and LED based Street Lights, Down lights, Garden lights, pavement / walk through indication lights, etc.

The products are used for illumination and special purposes in a variety of applications for general lighting, in particular architectural, residential, office, industrial, shop, hospitality, and outdoor.

The portfolio includes solutions across the LED luminary spectrum i.e. from the high technology LED emitter to LED driver & LED luminaries including Solar Powered Home LED lighting Systems and LED based Street Lights

Competitive Strengths of Artemis Electricals Limited:

  • Experienced Management and Operational Team
  • Wide array of Quality Products and Services
  • Focus on quality and innovation
  • Existing relationship with the clients
  • Well established central manufacturing facilities
  • Pursue International Growth Opportunities
  • Having Government contracts
  • Strengthen R&D Capabilities & Broaden the Products Portfolio

Business strategies of Artemis Electricals Limited:

  • Brand image
  • Expanding the retail customer base
  • Geographical Expansion
  • Optimum capacity utilisation

Artemis Electricals Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
Total Assets6,732.591,969.07 1,378.88511.92476.88
Total Revenue8,951.314,434.09 4,533.87894.06663.20
Total Expense7,533.314,434.094,323.48849.07 643.56
Profit After Tax956.21180.78 156.57 32.4215.57

Earnings per Equity Share (in Lakhs)

31-Mar-1831-Mar-1731-Mar-16
Basic & Diluted21.554.074.94

From the above statements, one could find that the Artemis Electricals Limited may perform well.


Artemis Electricals IPO – Promoters

The Promoter of this company are:

  1. Pravin Kumar Agarwal
  2. M/s. Yashvikram Infrastructure Private Limited

List of Related Parties (Key Managerial Personnel)

  • Chandrahas Narayan Shetty
  • Shivkumar Chhangur Singh
  • Al Heena Khan

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Artemis Electricals IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Upto 70,00,000 Equity Shares of face value of Rs.10/- each fully paid 
 Of which:
 Reserved for Market Makers Upto 3,56,000 Equity Shares of face value of Rs. 10/- each fully paid 
 Net Issue to the Public Upto 66,44,000 Equity Shares of face value of Rs.10/- 
 Of which:
 Retail Investors Portion 33,22,000 Equity Shares of face value of Rs. 10/- . 50% of the Net Issue shall be available for allocation Retail Individual Investors
 Non-Retail Investors Portion33,22,000 Equity Shares of face value of Rs. 10/. 50% of the Net Issue shall be available for allocation for Investors other than Retail Individual Investors.
 Equity Shares outstanding prior to the Issue1,77,03,690 Equity Shares of face value of Rs.10 each
 Equity Shares outstanding after the Issue[●] Equity Shares of face value of Rs.10 each

Artemis Electricals IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding the Working Capital requirements of the Company:
  •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
  •  General Corporate Purposes

Artemis Electricals IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Experienced Management and Operational Team
  • Wide array of Quality Products and Services
  • Focus on quality and innovation
  • Existing relationship with the clients
  • Well established central manufacturing facilities
  • Pursue International Growth Opportunities
  • Having Government contracts
  • Strengthen R&D Capabilities & Broaden the Products Portfolio

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-164.9423.28
31-Mar-174.0721.18
31-Mar-1821.5552.8440.78
  • Industry P/E Ratio:

They believe that there are no listed peer group comparable companies in India which are purely engaged in the business of manufacturing and trading of Light Emitting Diode “LED” Lights and LED lighting accessories. Also, they believe there are no listed entities which are having comparable turnover and are focused exclusively in the segment in which they operate.

  • Competitive Peers:

They believe that there are no listed peer group comparable companies in India which are purely engaged in the business of manufacturing and trading of Light Emitting Diode “LED” Lights and LED lighting accessories. Also, they believe there are no listed entities which are having comparable turnover and are focused exclusively in the segment in which they operate.


Artemis Electricals IPO Lead Managers

Lead Managers
FEDEX SECURITIES PRIVATE LIMITED

305, Enterprise Centre, Nehru Road, Vile Parle (East), Mumbai 400099, Maharashtra, India.               Tel No.: +91 81049 85249 ,  Fax No.: 022 2618 6966

E-mail:, Website: www.fedsec.in , Contact Person: Mr. Rinkesh Saraiya SEBI Registration Number: INM000010163, Investor Grievance E-mail:

Artemis Electricals IPO Registrar to offer

Registrar to the Offer
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, No. 1 Club House Road,
Chennai-600002 Tamil Nadu
Tel: +91 -44-28460390/1989
Fax: +91 -44-28460129
Website: www.cameoindia.com
Email:
Investor Grievance id:
Contact Person: Mr. R.D. Ramasamy
SEBI Registration No: INR000003753

Other Details:

  • Statutory Auditor –  M/s. Mittal Agarwal & Co. Chartered Accountants
  • Peer Review Auditor – M/s. Mittal Agarwal & Co. Chartered Accountants
  • Bankers to the Company –  The Federal Bank Limited

Artemis Electricals IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Artemis Electricals IPO Grey Market Premium

The Artemis Electricals IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Artemis Electricals IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

News 2 – Download Red Herring Prospectus


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