Five Core Electronics Ltd

Five Core Electronics Ltd

About the Company:

Five Core Electronics Ltd is engaged in manufacturing and export of whole range of Public Address Systems – Woofers, Amplifiers, Computer Speakers, Personal Speaker System, Headphones and Earphones.

Company is certified under ISO 9001:2015 for complying with the Quality Management System for manufacturing and supply of electronics & electrical goods.

5CORE products have been developed to meet the requirements of small, medium as well as large venues including factories, schools, religious places, banks,  restaurants, office buildings, workshops, shopping malls, meeting halls and boardrooms, etc.

5CORE has become a leading manufacturer of Public Address Systems in the country and has a strong presence in the overseas market in African Continent, UAE, South America, Singapore, Dubai, Bangladesh, Vietnam Nepal, to name a few.

Company’s products are sold in 56 countries across 6 continents through a network of over 350 distributors and dealers.

In India they are present in 17 States through a distributor and dealer network of more than 240 in different zones.

Company has also opened showrooms in Dehradun, Saharanpur, Chomu, Guwahati, Jeopur, Patna, Raxaul, Bhagalpur, Calicut and Hyderabad which are run by their dealers.

Products Manufactured by the Company are as follows:



Geographical Revenue Details:

geographical revenue


Where are Company’s products Used?

Company’s products are being used in government organizations, religious places, malls, concerts, auditoriums, school & colleges, railway station & metro station, bus terminals & airports and offices, stores & factories.

Some of the notable installations are at Nairobi Airport (Kenya), Golden Temple (Amritsar), Mosques in Mecca/Madina (Saudi Arabia), SAARC Conference Centre (Nepal), Myanmar Buddha Temples, Harley Davidson, Bank of Baroda, High Court of Delhi, All India Institute of Medical Sciences, etc.


Company’s Foreign Subsidiaries:

PAN Arabian Ventures FZE and South Asia Exim Pte. Ltd were incorporated in Dubai and Singapore respectively as wholly owned subsidiary of the Company in the year FY 2016-17 and 2017-18.

These subsidiaries were incorporated with an aim of expanding brand recognition and to serve international clients with ease & in a cost effective manner. Establishing foreign subsidiaries abroad is part of Company’s global expansion plan.


Some Achievements of the Company:

In the year 2016, Company got registered with National Small Industries Corporation in Government Purchase Enlistment which made Company eligible to sell products like PA Amplifiers, PA Speakers, etc to the Government with a limit allowance of Rs. 55.27 crores till May 01, 2018 which may be renewed post expiry.

Company has also been registered with Railways for supply of some of 5 CORE products.In the year 2017, Company was enlisted for supply of PA Mixer Amplifier, RMS  Speaker and Microphone. Further,Company was also enlisted in the tender of Northern Railway for supply of Megaphone, Horn and Loudspeaker.

In the year 2018, Company has received “Electronics Business of the Year” award in Small Business Awards 2018 organised by Franchise India and “Most Impactful 30 Power Brands 2018” award at Power Brands Glam- BFJA 2018.

Management Team:

  1. Mr. Amarjit Singh Kalra (Designation: Managing Director)
  2. Ms. Surinder Kaur Kalra (Designation:Non- Executive Director)
  3. Ms. Jagjit Kaur Kalra (Designation: Non- Executive Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Mr. Amarjit Singh Kalra 38,39,595 50.14
Ms. Surinder Kaur Kalra 24,41,783 43.79


Objectives of the Issue:

  • To meet the working capital requirements of our Company
  • To meet the working capital requirements of our Subsidiary, 5 Core Acoustics Private Ltd
  • General Corporate Purpose.
  • Repayment of Unsecured Loan of Promoters/Directors.
  • Issue Expenses.


Peer Group Comparison:

Five Core Electronics Ltd is primarily engaged in manufacturing of Public Address Systems – Woofers, Amplifiers, Computer Speakers, Personal Speaker System, Headphones and Earphones.

Currently there is no listed entity in India operating in this particular business segment with similar size, scale and business model and hence we cannot make any Comparison.


Positives for the Company:

Product innovation and design capabilities.

Over the years, 5CORE has acquired ground breaking technology that has allowed them to improve the sound and quality of their PA systems. This technology leadership has helped the company to build a very strong brand image in the marketplace and has also helped to establish 5CORE as a frontrunner in the PA systems market.

Strong and extensive distribution channels.

5CORE’s strength is its extensive distribution channels across world. Company’s products are sold in 56 countries. They also offer sound after sale service through wide distribution network.

Wide range of Products.

Company is mainly engaged in manufacturing of Public Address Systems, Woofers, Amplifiers, Computer Speakers, Personal Speaker System, Headphones and Earphones. Company’s product portfolio consists of wide range of products which differentiate 5CORE from other companies.


Financials of the Company: (Consolidated)

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 31st Dec17
Revenue  85.58 111.80   113.49  122.94  170.65  245.60
Net Profit  0.74  0.85  0.66  0.95  1.35  10.21


IPO Details:

Details Info
Issue Opens on 9th May 2018
Issue Closes on:. 11th May 2018
Issue Price Rs.140
Face Value Rs.10
Minimum Lot 1000
Minimum Investment Rs.1,40,000
Issue Constitutes 26.41%
Issue Size Rs.46.66 cr
Market Cap Rs.176.68 cr
Listing at NSE SME
Total Equity Shares Offered (Fresh) 33,33,000
Equity Shares Prior to the Issue 92,87,622
Equity Shares after the Issue 1,26,20,622


Subscription Details: 

(Subscription-Category-Wise (no. of times) Till time : 06:00 PM) Shares Offered 9/5 10/5 11/5
HNI  15,82,000  0.94  1.04  2.78
Retail  15,82,000  0.02  0.06  0.71
Others   1,69,000  0.00  0.00  2.22
Employee  ——-  —-  —–  —
TOTAL  33,33,000  0.46  0.52  1.77


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
2.46 56.91 5.84% 42.38


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Company Contact Info:
WZ-15B, Ground Floor,
Uggarsain Market, Ashok Nagar,
New Delhi – 110018
Tel: +91 11 28128000 (100 lines)


IPO Registrar Info:
1stFloor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400059
Tel: +91 22 62638200