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.
| Bidding Dates |
|---|
| 24 Apr 2019 - 06 May 2019 |
| Subscription |
|---|
| 1.06x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 2000 | 7.0 M | ₹54 - ₹60 | 71.66 % | ₹378.0 M - ₹420.0 M | RHP DOC |
Artemis Electricals IPO SUBSCRIPTION STATUS
06 May '19Artemis Electricals IPO overall subscription rate was 1.06 times the total available shares
Artemis Electricals IPO retail subscription rate was 0.45 times in the retail segment
Artemis Electricals IPO non-institutional investor subscription rate was 1.67 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
02 May 2019 (Day 7) | 0.14x | 1.06x | - |
03 May 2019 (Day 8) | 0.2x | 1.15x | - |
06 May 2019 (Day 9) | 0.45x | 1.67x | - |
26 Apr 2019 (Day 3) | 0.01x | 0.05x | - |
29 Apr 2019 (Day 4) | 0.01x | 0.05x | - |
30 Apr 2019 (Day 5) | 0.11x | 0.84x | - |
01 May 2019 (Day 6) | 0.11x | 0.84x | - |
24 Apr 2019 (Day 1) | 0x | 0x | - |
25 Apr 2019 (Day 2) | 0.01x | 0x | - |
Artemis Electricals FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 7MFY19 | 59.3 | 524.1 | 12.8 | 10.9 |
| FY18 | 95.3 | 894.8 | 33.0 | -122.0 |
| FY17 | 17.7 | 472.4 | 76.9 | 73.1 |
| FY16 | 15.5 | 453.1 | 80.2 | 78.4 |
Artemis Electricals IPO SUBSCRIPTION STATUS DETAILS
Artemis Electricals had 7.0 M shares on offer
Artemis Electricals IPO offer price was in the range ₹54 - ₹60
Artemis Electricals IPO minimum Investment was ₹120000
Artemis Electricals IPO issue size was ₹ 378.0 M - ₹ 420.0 M
Artemis Electricals had a minimum lot size of 2000 Shares per application
Artemis Electricals NUMBER OF SHARES ON OFFER
Artemis Electricals IPO IMPORTANT DATES
| Issue Open Date | 24 Apr 2019 |
| Issue close Date | 06 May 2019 |
| Allotment Date | 06 May 2019 |
| Refund Date | 08 May 2019 |
| Demat Account Credit Date | 10 May 2019 |
| Listing Date | 14 May 2019 |
| Listing on Exchange(s) | BSE |
| Artemis Electricals Allotment Status | Exchange |
Artemis Electricals IPO subscription opened on 24 Apr 2019, and closed on 06 May 2019
IPO allotment for Artemis Electricals was finalized on Monday, 06 May 2019
IPO listing for Artemis Electricals was on BSE on Tuesday, 14 May 2019
Artemis Electricals IPO LISTING GAINS
| Issue Price (adjusted) | 6.0 |
| Listing Open Price | 70.0 |
| Listing Close Price | 69.8 |
| Listing Gain% | 16.7% |
| Current Gain% | 186.3% |
Artemis Electricals Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Artemis Electricals and Projects Ltd. | 17.2 | 42.4 | 49.5 | 3.3 | 5.4 | 9.2 | 6.1 | 81.2 | 11.4 | 8.7 | 15.2 | 0.3 | 15.2 |
| Crompton Greaves Consumer Electricals Ltd. | 250 | 16094.7 | -71.9 | 0.5 | 1.9 | -8.2 | -4 | 8161.2 | 2.9 | -242.2 | -143.6 | -3.5 | -142.5 |
| V-Guard Industries Ltd. | 319.6 | 13966 | 38.3 | 1.5 | 2.2 | 13 | 8.3 | 5989.3 | 7 | 308.3 | -1.7 | 8.3 | 26.4 |
| TTK Prestige Ltd. | 616 | 8435.4 | 49.4 | 0.7 | 2.7 | 8.1 | 5.9 | 3040.9 | 9 | 160.6 | 42.8 | 12.5 | 75.5 |
| Cera Sanitaryware Ltd. | 6062 | 7818.5 | 38.5 | -2.2 | 3.7 | 13.9 | 10.4 | 2103 | 6.3 | 204.2 | -17.2 | 157.4 | -17.5 |
| IFB Industries Ltd. | 1404.4 | 5690.5 | 35.5 | 0.7 | 1 | 14.4 | 5.8 | 5652.6 | 10.3 | 143.6 | 20.7 | 39.6 | 49.2 |
Artemis Electricals INFORMATION ON IPO ISSUE
About Artemis Electricals
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.
Object of the Issue
- Long term working capital requirements
- Purchase of machinery/equipment
- General corporate purposes
Artemis Electricals - PROMOTERS
| Name |
|---|
| Pravin Kumar Agarwal |
| Yashvikram Infrastructure Pvt Ltd |
Artemis Electricals Lead Manager
Fedex Securities Limited
mb@fedsec.in
Artemis Electricals Registrar to the issue
Cameo Corporate Services Limited
cameo@cameoindia.com
Artemis Electricals Strengths
Established Manufacturing Facility
The company has in-house facility to manufacture components used in manufacturing LED luminaries and the final finished product
Focus on Quality and Innovation
The management constantly strive to maintain and improve the quality of the products
Government Contract
The company has received a Letter of award for “Supply of LED street light for SLNP in Gram Panchayats of Andhra Pradesh” vide letter dated December 21, 2017, against the tender to supply street lights.
Artemis Electricals Risks
Outstanding litigation
There is outstanding litigation involving the Company, the Promoters and the Group Companies
Required to obtain and renew certain licenses and permits
Business requires to obtain and renew certain licenses and permits from the government, and regulatory authorities, and the failure to obtain or renew them in a timely manner may adversely affect business operations
IPO FAQs
Artemis Electricals and Projects Ltd. IPO listing opened at Rs 70.00 while the issue price was Rs 60.00 giving 16.67% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 6.00 giving 186.33% gains since its IPO listing.
The promoters of the company are Pravin Kumar Agarwal and Yashvikram Infrastructure Pvt Ltd.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 54.0 - 60.0.
The IPO application opens on Apr 24, 2019 and closes on May 06, 2019.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on May 06, 2019.
The refund will be credited to your account on May 08, 2019.
The allotted shares will be credited to your demat on May 10, 2019.
Artemis Electricals and Projects Ltd.’s shares listed on the stock exchanges on May 14, 2019.