Pulz Electronics IPO

Pulz Electronics IPOBusiness description from prospectus – Pulz Electronics develops and manufactures high quality audio systems and solutions that capitalize on the emergence of new co-axial technology and line array based speaker systems for the cinema, Pro Audio, Studio and Home Audio Industries such as Co-Axial Surround Speaker, Hi Power and in wall Subwoofers, Hi Power Co-Axial Speakers etc. It has a manufacturing facility base built over 40,000 sq ft. in the outskirts of Mumbai at Palghar, along with a large warehousing facility which is well stocked with off-the-shelf pulz products which enables ultra-fast turnaround times for projects that require equipment at a shorter notice.

The company has a wide array of products specifically designed to cater to object based and channel based futuristic immersive audio formats like Dolby Atmos, DTSX or Auro 3D. The Research and Development team at Pulz has created numerous path-breaking advances in audio technologies of which few examples are Isotop, Isowave cinema system and Amplifiers with DPT (Dynamic Power Tracking).

The company is engaged in manufacturing of sound systems, which predominantly includes speakers and amplifiers, from where it generates its major revenues. It also imports from China and sell certain special types of amplifiers. Further it also undertakes annual maintenance contract for audio systems. In general manufacturing constitutes 70-75%, trading 15-20% and AMC 5-10% of total revenue from operations.

Promoters of Pulz Electronics – Mr. Anirvan Partha Ghose and Mr. Ramakrishnan Krishnaraju Manden Kattil

Pulz Electronics IPO details

Subscription Dates 14 - 16 November 2017
IPO Price band INR51 - 54 per share
Fresh issue 726,000 shares (INR3.70 - 3.92 crore)
Offer for sale Nil
Total IPO size 726,000 shares (INR3.70 - 3.92 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Pulz Electronics' financial performance (in INR lakh)

FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018
Total revenue 530.3 925.8 1,190.5 1,307.0 1,385.0 386.2
Total expenses 500.1 909.1 1,173.7 1,271.2 1,171.5 332.5
Profit after tax 20.8 10.5 0.9 30.1 134.0 40.1

Pulz Electronics Limited
Kailashpati, 2nd Floor, Plot No. 10A
Veera Desai Road
Andheri (W), Mumbai-400053

Phone: +91 22 2673 2593
Email: mumbai@pulz.co.in
Website: www.pulz.biz

Day

Subscription (no. of times)

Day 1 0.46
Day 2 1.34
Day 3 14.95

 

Earnings Per Share (EPS): INR6.7

Price/Earnings (P/E) ratio: 7.61 - 8.06

Return on Net Worth (RONW): 35%

Net Asset Value (NAV): INR19.15 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

Pulz Electronics IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

IPO Opening Date: 14 November 2017

IPO Closing Date: 16 November 2017

Finalisation of Basis of Allotment: 21 November 2017

Initiation of refunds: 22 November 2017

Transfer of shares to demat accounts: 23 November 2017

Listing Date: 24 November 2017

Listing Price on NSE SME: INR64.8 per share (up 20% from IPO price)

Closing Price on NSE SME: INR64.05 per share (up 18.6% from IPO price)

Pulz Electronics IPO
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One thought on “Pulz Electronics IPO

  • November 14, 2017 at 5:27 PM
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    HOW IS THIS IPO?

    Reply

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