IPO Issue Details
Issue Price / Price Band₹140 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size33,33,000 shares (aggregating up to ₹46.66 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 09 May 2018
Subscription CloseFri, 11 May 2018
Anchor AllotmentTue, 08 May 2018
Basis of AllotmentThu, 17 May 2018
Initiation of RefundsFri, 18 May 2018
Credit of Shares to DematFri, 18 May 2018
Listing DateMon, 21 May 2018
UPI Mandate Deadline2018-05-11
Application & Investment Details
Retail — Min (1 Lots)₹1,40,000 — 1,000 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)₹2,80,000 — 2,000 shares
Net Offer to Public31,64,000 shares (aggregating up to ₹44.30 Cr)
Reserved for Market Maker1,69,000 shares (aggregating up to ₹2.37 Cr)
Pre-IPO Promoter Holding92,87,622 shares
Post-IPO Promoter Holding1,26,20,622 shares
About Five Core Electronics Ltd.
Incorporated in 2002, Delhi based Five Core Electronics Limited is in the business of manufacturing and exporting whole range of Public Address Systems - Woofers, Amplifiers, Computer Speakers, Personal Speaker System, Headphones, and Earphones. The Company has also been trading in the fabric.Five Core has a strong presence in the overseas market in African Continent, UAE, South America, Singapore, Dubai, Bangladesh, Vietnam Nepal, to name a few. Its products are sold in 56 countries across 6 continents through a network of over 350 distributors and dealers. In India, the company is present in 17 States through a distributor and dealer network of more than 240 in different zones. It has also opened showrooms in Dehradun, Saharanpur, Chomu, Guwahati, Jeopur, Patna, Raxaul, Bhagalpur, Calicut and Hyderabad which are run by dealers.Five Core has 296 employees on its payroll.
Objects of the Issue
Five Core Electronics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet the working capital requirements of the Company
23.19
2
2 To meet the working capital requirements of the Subsidiary, 5 Core Acoustics Private Limited
10.00
3
3 General Corporate Purpose
5.60
4
4 Repayment of Unsecured Loan of Promoters/Directors
3.20
Shareholding & Lock-in
Pre-IPO Promoter Holding
92,87,622 shares
Post-IPO Promoter Holding
1,26,20,622 shares