Artemis Electricals Private Limited, a Mumbai based company engaged in the manufacturing of LED Lights and LED lighting accessories, is issuing the IPO (Initial Public Offering). Equity shares of face value Rs 10 are being offered during the issue at a price of Rs 60 per equity share including a premium price of Rs 55. In this issue, 7,000,000 equity shares worth Rs 42 crore are to be launched. Artemis Electricals IPO issue opens on 24th April 2019 and it closes on 30th April 2019. After allocation, the shares will be listed on the SME platform of BSE (Bombay Stock Exchange).
About Artemis Electricals Private Limited
Artemis Electricals Private Limited was incorporated in the year 2009. It is involved in the business of manufacturing and trading of LED Lights and LED lighting accessories. They are dependent on the third party for the manufacturing of LED bulbs. This company manufactures and trades indoor and outdoor LED luminaries such as street lights, solar powered home LED lighting systems and LED-based street lights, downlights, garden lights, pavement/walkthrough indication lights, etc. The application of their products is in spaces like general lighting, architectural, residential, office, industrial, shop, hospitality, and outdoor. Their Product basket consists of solutions across the LED luminary spectrum i.e. LED emitter to LED driver & LED luminaries including solar-powered home LED lighting systems and LED-based street lights. The LED drivers of the company are manufactured in a facility located in Vasai, mainly using SMD components on an automatic pick-n-place machine.
It is an ISO 9001:2015, ISO 14001:2015 & OHSAS 18001:2007 certified company promoted by Pravin Kumar Agarwal & M/S Yashvikram Infrastructures Private Limited. As on 31st October 2019, the total assets of the company stands at Rs 64.84 crore and the total revenue stands at Rs 52.41 crore.
Artemis Electricals IPO – Issue Details
| Issue Type | Fixed Price IPO Issue |
|---|---|
| Issue Opens | 24th April 2019 |
| Issue Closes | 30th April 2019 |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 55-60 Per Equity Share |
| Issue Size | 7,000,000 Equity Shares (Rs 42 crores) |
| Market Lot | 2,000 Shares |
| Minimum Order Quantity | 2,000 Shares |
| Listing | BSE SME |
Artemis Electricals IPO – Objects of the Issue
The following are the objects this upcoming IPO Issue:-
- Long term working capital requirements.
- Purchase of machinery/equipment.
- General corporate purposes.
Artemis Electricals Private Limited – Company Contact Details
Registered Office: Artemis Complex, Gala No.105 & 108, National Express Highway, Vasai (East), Thane- 401208,
Telephone: +91-7875315577
Corporate Office: 201 A, A Wing, 2nd Floor, Fortune 2000, G Block, BKC, Bandra [East], Mumbai – 400051.
Telephone: +91-22-26530163/64
Website: www.artemiselectricals.com
Artemis Electricals IPO – Lead Manager of the Issue
The lead Manager to this IPO issue is Fedex Securities Private Limited
Artemis Electricals IPO – Registrar of the Issue
The registrar of this IPO issue is Cameo Corporate Services Limited
Artemis Electricals IPO Issue Prospectus
Click here to read the Red Herring Prospectus of this IPO Issue.
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Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #Artemis Electricals Private IPO #Artemis Electricals Private Limited
