Artemis Electricals Ltd

About the Company:

Artemis Electricals is into the business of manufacturing and trading of Light Emitting Diode “LED” Lights and LED lighting accessories.

Company manufactures and trades indoor and outdoor LED luminaries such as, Street lights, Solar Powered Home LED lighting Systems and LED based Street Lights, Down lights, Garden lights, pavement / walk through indication lights, etc.

Company’s Product basket consist 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 are manufactured in a facility located in Vasai, mainly using SMD components on an automatic pick-n-place machine. Company is an ISO 9001:2015, ISO 14001:2015 & OHSAS 18001:2007 certified Company

Company has its manufacturing plant located at Vasai which supplies finished products directly to Original Equipment Manufacturer “OEM” who in terms apply in their brand and sale to the ultimate customer.


Company’s Solar Products:

Company also manufactures and trades 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.



Recent Major Order Received by the Comapny:

Company have received Letter of Award dated December 21, 2017, from Karnataka State Electronics Development Corporation Limited (KEONICS) (A Government of Karnataka Enterprise) “Supply of LED street light for SLNP in Gram Panchayats of Andhra Pradesh”.

The contract was worth Rs. 149.15 Lakhs which is received from KEONICS (Karnataka State Electronics Development Corporation Limited) for the manufacture and supply of 10,000 24W LED street lights.


Management Team:

  1. Mr. Pravin Agarwal (Designation: Promoter, Chairman & Executive Director)
  2. Mr. Ramniranjan Bhutra (Designation: Designation – Non- Executive Director)


Objectives of the Issue:

  • Long term working capital requirements.
  • Purchase of machinery / equipment.
  • General corporate purposes.


Peer Group Comparison:

We believe that there are no listed peer group comparable companies in India which are purely engaged in the business of manufacturing and trading of Light Emitting Diode “LED” Lights and LED lighting accessories.

Further, we believe there are no listed entities which are having comparable turnover and are focused exclusively in the segment in which Artemis Electricals operates.


Financials of the Company:

(in Crores) FY 16 FY 17 FY 18 30th Sept 18
Revenue 45.33 47.23 89.51 50.65
Net Profit 1.54 1.77 9.52 5.34


IPO Details:

Details Info
Issue Opens on 24th April 2019
Issue Closes on:. 30th April 2019
Issue Price Rs.55 – 60
Face Value Rs.10
Minimum Lot 2000 Shares
Minimum Investment Rs. 1,20,000
Issue Constitutes 28.33%
Issue Size Rs.42 cr
Market Cap Rs.148.22 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 70,00,000
Equity Shares Prior to the Issue 1,77,03,690
Equity Shares after the issue 2,47,03,690


Important Dates:

Finalization of Basis of Allotment On or before 6th May 2019
Initiation of Refunds On or before 8th May 2019
Credit of Equity Shares: On or before 10th May 2019
Listing Date: On or before 13th May 2019


Company Contact Info:
Artemis Electricals Limited
Artemis Complex, Gala No. 105&108,
National Express Highway, Vasai [East]
Thane – 401208
Maharashtra, India.
Tel No: +91-22-29275032


IPO Registrar Info:
Subramanian Building No. 1,
Club House Road, Chennai -6000002.
Tel No.: +91 44 40020700
Fax No.: +91 44 28460129


Lead Manager to the Issue:
305, Enterprise Centre, Nehru Road,
Vile Parle (East), Mumbai 400099,
Maharashtra, India.
Tel No.: +91 81049 85249