IPO Issue Details
Issue Price / Price Band₹54 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size7,26,000 shares (aggregating up to ₹3.92 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 14 Nov 2017
Subscription CloseThu, 16 Nov 2017
Anchor AllotmentMon, 13 Nov 2017
Basis of AllotmentWed, 22 Nov 2017
Initiation of RefundsThu, 23 Nov 2017
Credit of Shares to DematThu, 23 Nov 2017
Listing DateFri, 24 Nov 2017
UPI Mandate Deadline2017-11-16
Application & Investment Details
Retail — Min (1 Lots)108000 — 2000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)216000 — 4000 shares
Net Offer to Public6,88,000 shares (aggregating up to ₹3.72 Cr)
Reserved for Market Maker38,000 shares (aggregating up to ₹0.2052 Cr)
Pre-IPO Promoter Holding20,00,000 shares
Post-IPO Promoter Holding27,26,000 shares
About Pulz Electronics Ltd.
Incorporated in 2005, Pulz Electronics is involve in development and manufacturing of high quality audio system and solution using 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. Pulz Electronics manufactures sound systems, which predominantly includes speakers and amplifiers. The company also imports and sells certain special types of amplifiers from China. The company also undertakes annual maintenance contracts for audio systems. Pulz Electronics has a manufacturing facility located on the outskirts of Mumbai at Palghar, along with a large warehousing facility which is well stocked with off-the-shelf Pulz products. The warehouse enables ultra-fast turnaround times for projects that require equipment at a shorter notice.
Objects of the Issue
Pulz Electronics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Acquisitions and Other Strategic Initiatives
2.51
2
General Corporate purposes
0.96
Shareholding & Lock-in
Pre-IPO Promoter Holding
20,00,000 shares
Post-IPO Promoter Holding
27,26,000 shares