Issue Price
₹60
Per Share
GMP
NIL
Grey Market
Est. Listing
₹60
Expected Price
Min. Application
₹240,000
2 lots × 2000 shares
Incorporated in 2009, 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.The company manufactures LED drivers at its manufacturing facility located in Vasai. They use third-party manufacturing facilities for manufacturing of LED bulbs. The finished products are delivered to Original Equipment Manufacturer (OEM) who in terms apply-in their brand and sale to the retail customers.As of Jan 2019, the company has 32 employees and 11 contractors. Two of the company employees are in R&D.ProductsThe company manufactures products in 2 categories; Indoor Lighting and Outdoor Lighting. The product line of the company includes LED Panel Lights, LED Street Lights, Solar LED Street Lights, LED Down Lights, LED Surface Down Lights, Pendant Downlights, LED Spot Lights, LED Batten Lights, LED Architectural Lights, LED Focus Lights, LED Bulbs.The company also manufactures and trade in Solar charge controllers, Solar powered LED Batten Lights, Solar powered LED Down Lights, Solar powered LED Street Lights, Solar powered LED Bulbs, Solar powered Fans, Solar powered LED Lanterns etc.Manufacturing PlantThe company has a manufacturing plant in Vasai, from where it supplies the products to OEM's for further selling and branding.RevenueAs on 31st Oct 2018, the revenue of the company from the selling of LED lighting products and other LED accessories was Rs 5,241.26 Lakhs. Company doesn't provide a clear distinction between manufacturing and trading revenue.The competitive strengths of the company are:1. Complete value chain in-house2. Manufacturing unit at Vasai3. Time-bound execution4. Strong client base5. Government contracts
Artemis Electricals Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 356,000 | — | ₹2.14 Cr | — |
| TOTAL | 7,000,000 | 100.00% | ₹42.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹120,000 |
| Retail (Max) | 13 | 26,000 | ₹1,560,000 |
| sNII (Min) | 14 | 28,000 | ₹1,680,000 |
| bNII (Min) | 68 | 136,000 | ₹8,160,000 |
| Particulars | 31-Oct-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue from Operations | 5241.26 | 8947.63 | 4723.87 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 592.75 | 952.90 | 177.04 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 6484.70 | 6732.59 | 1969.07 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |