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.Products The 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 LEDDown Lights, Solar powered LED Street Lights, Solar powered LED Bulbs, Solar powered Fans, Solar powered LED Lanterns etc.
Manufacturing Plant
The company has a manufacturing plant in Vasai, from where it supplies the products to OEM's for further selling and branding.Revenue As on 31st Oct 2018, the revenue of the company from the selling of LED lighting products and other LED accessories was5,241.26 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-house
2. Manufacturing unit at Vasai
3. Time-bound execution
4. Strong client base
5. Government contracts
Company Financials:
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Oct-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 6,484.70 6,732.59 1,969.07 1,378.89
Total Revenue 5,241.26 8947.63 4723.87 4531.21
Profit After Tax 592.75 952.90 177.04 154.76
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Long term working capital requirements
2. Purchase of machinery / equipment
3. General corporate purposes
Artemis Electricals IPO Details
Issue Open Apr 24, 2019 - Apr 30, 2019
Issue Type Book Built Issue IPO
Issue Size 7,000,000 Eq Shares of Rs 10
(aggregating up to Rs 42.00 Cr)
Face Value Rs 10 Per Equity Share
Issue Price Rs 55 - Rs 60 Per Equity Share
Market Lot 2000 Shares
Min Order Quantity 2000 Shares
Listing At BSE SME
Artemis Electricals IPO Tentative Date / Timetable
Bid/Offer Opens On Apr 24, 2019
Bid/Offer Closes On Apr 30, 2019
Finalisation of Basis of Allotment May 6, 2019
Initiation of Refunds May 8, 2019
Credit of Shares to Demat Acct: May 10, 2019
IPO Shares Listing Date: May 13, 2019
Company Contact Information
Artemis Electricals Limited
Artemis Complex, Gala No.105 & 108,
National Express Highway, Vasai (East),
Thane- 401208, Maharashtra, India
Phone: +91-7875315577
Email: contact@artemiselectricals.com
Website: https://www.artemiselectricals.com/
Artemis Electricals IPO Registrar
Cameo Corporate Services Limited
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: http://www.cameoindia.com
Latest Share Market News, Latest Share News, Latest Share Market Tips, Latest Share Market Videos, Latest Share Market News In Hindi, Latest Share Recommendations , Latest Stock Market News, Latest Stock Market Recommendations , Latest Stock Market News India, Latest Stock News India, Latest Stock Picks, Latest Stock Market Analysis Market Watch, Latest Stock Market Videos
No comments:
Post a Comment