Artemis Electricals Limited is engaged in manufacturing and trading of LED lights and LED lighting accessories. This is mainly Mumbai based company. The article deals with Artemis Electricals IPO Review with issue details and company summary.
G K P Printing and Packaging IPO Issue Details :
- IPO Opens on – April 24, 2019.
- IPO Closes on – April 30, 2019.
- Face Value – Rs. 10 Per Equity Share.
- Issue Price – Rs. 55 – Rs. 60 Per Equity Share.
- Issue Type – Book Built Issue IPO.
- Market Lot – 2000 Shares.
- Minimum Order Quantity – 2000 Shares.
- Issue Size – 7,000,000 Equity Shares of Rs. 10 aggregating up to Rs. 42.00 Cr.
- Listing Exchange – BSE SME Exchange.
- Draft Prospectus – Click Here
Objectives of the issue of the Company :
- Long term working capital requirements of Artemis Electricals Limited.
- Purchase of machinery or equipment of this company.
- General corporate purposes of Artemis Electricals Limited.
About The Company –
- Artemis Electricals Limited was incorporated in 2009.
- This company manufactures and trades indoor and outdoor LED luminaries.
- Artemis Electricals Limited manufactures LED drivers at its manufacturing facility located in Vasai.
- This company use third-party manufacturing facilities for manufacturing of LED bulbs.
- The finished products of Artemis Electricals Limited are delivered to Original Equipment Manufacturer (OEM) who in terms apply-in their brand and sale to the retail customers.
- This company has 32 employees and 11 contractors.
- Artemis Electricals Limited has a manufacturing plant in Vasai, from where it supplies the products to OEM’s for further selling and branding.
Products of This Company :
- LED FOCUS LIGHTS : This type of lights saves upto 70% Energy as compared to CFL light with similar luminous flux. This focus lights are specially designed COB LED die-cast aluminium carriage assembly.
- LED SURFACE LIGHTS “MOON” : This lights saves upto 70% Energy as compared to CFL light with similar luminous flux. It is also long Life high-power and high efficiency package LED.
- LED SPOT LIGHT : White powder coated recess mounting pressure die-cast aluminium housing.
- LED AC STREET LIGHTS : Epoxy powder coated pressure die-cast aluminium housing with weatherproof gaskets for LEDs and control gear compartments.
- LED PLASTIC BODY PANEL LIGHTS : Optimized Thermal Management.
- LED DOWN LIGHT “APOLLO” : Eco Friendly Materials are Used of this lights.
LOCATION :
Artemis Complex, Gala no. 105 & 108, National Express Highway, Vasai(East). Thane Maharashtra 401208 India.
Phone No. : (+91) 758-188-8565
Email : [email protected]
The promoter of Artemis Electricals Limited :
- Pravin Kumar Agarwal, aged 48 years, is the Promoter, Chairman and Executive Director of this Company.
- M/s Yashvikram Infrastructure Private Limited (YIPL) is another Promoter of this company.
The Board of Directors of this company :
- Pravin Kumar Agarwal, aged 48 years, is the Promoter, Chairman and Executive Director of this Company.
- Shiv kumar Singh, aged 50 years, is the Whole Time Director, Chief Financial Officer and Whole Time Director of this Company.
- Ramniranjan Bhutra, aged 36 years, is an Non-Executive Director of this Company.
- Krishnakumar Bangera, aged 67 years is appointed an Non-Executive Independent Director of this Company.
- Richa Sharma, aged 31 years is an Non-Executive Independent Director of this Company.
SWOT Analysis of Artemis Electricals Limited :
Strengths :
- Cordial relations with Customers.
- Knowledge of Industry – Commercial and Technical.
- Established manufacturing facility.
- Huge infrastructure.
- Low overhead cost.
- Sizeable market share.
- Experienced management team.
Weakness :
- Dependent upon growth in LED Lighting industry.
- Inability to update technology.
- Insufficient international markets reach.
- Surge in finance needs to cope up with the increased demand.
Opportunities :
- Shift towards LED Lights will boost demand.
- Growing acceptance by Consumers.
- Government’s drive to convert all lights to LEDs.
- Rapid urbanization and growth in infrastructure will create demand for LED Lights.
Threats :
- Industry is prone to changes in government policies, any material changes in the duty or international raw material prices may adversely impact their financials.
- There are no entry barriers in this company’s industry for new entrance.
- Change in Technology.
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 this company :
- Brand image.
- Expanding the retail customer base.
- Geographical Expansion.
- Optimum capacity utilisation.
Company Financials :
Artemis Electricals IPO Review:
As the financial data suggests, the company is running on a moderate profit level. Among the last three years, the profit level was high in FY18. Now, look at the fundamental ratios of the company. Basic and diluted EPS (earnings per share) was 5.38 in FY18. The DRHP (draft red herring prospectus) doesn’t reflects P/E ratio of the company. RoNW (return on net worth) and NAV/Share were 53.30 and 10.15 respectively. Therefore, Artemis Electricals IPO Review carries NEGATIVE view. Investors can apply for the particular IPO but at their own risk.
