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

    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: cameo@cameoindia.com
    Investor Grievance id:cameo@cameoindia.com
    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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