• Fresh Issue Size: It provides a fresh issue size of 31,69,200 equity shares totaling up to Rs. 3,422.74 lakhs, each with a face value of Rs. 10.

• Price Range: The price band is fixed at Rs. 108 per equity share.
• Issue Type: The IPO is a 100% Fixed-price issue.
• Subscription date: The issue period begins on February 20th, 2025 and ends on February 24th, 2025.
• Lot size: It provides a lot size of 1200.
• Listing Date: The IPO is going to be listed on February 28th, 2025.
• Stock Exchange: The IPO is going to be listed on the emerge platform of NSE Limited.

The company with the help of this IPO seeks to utilize its net proceeds to meet working capital and for general corporate purposes.

The table below (in lakhs) stipulates the restated Financial Information of the company over the last three fiscal years for the period ended on 30 September 2024.

The world is drastically adapting to digitization with advanced technologies and devices that are being developed and implemented at a very fast pace.

There has been constant disruption of technology with new devices and products constantly being introduced in the market. 

The digital revolution has impacted all kinds of industries with everyone adapting to it.

The electronic industry in India is rapidly growing, from smartphones, air conditioners, computers, laptops, televisions, home and kitchen appliances etc. The demand for electronic products have surged the Indian market and this demand is projected to increase further.

India is one of the primary electronic markets and is predicted to become the fifth-largest electronic consumer in the world. The Indian appliance and consumer electronic industry is projected to increase from US$ 9.84 billion in 2021 to US$ 21.18 billion by 2025.

India is also a significant contributor to exports and aims to achieve US$ 120 billion in exports by 2026 while broadening and expanding its electronic manufacturing aiming to reach manufacturing worth US$ 300 billion by 2026.

The government has also initiated many schemes like Make in India, Aatmanirbhar Bharat scheme, Production Linked Incentive (scheme), Electronics System Design and Manufacturing (ESDM) and Digital India program etc. to support the digital revolution in India.  

India is also experiencing major growth and expansion from many big foreign electronic companies which will play a major factor in boosting the electronic market in India.

• The company since 2011 has become a created a strong brand reputation by becoming a significant distributor of all kinds of electronic products and accessories in India.

• The company is an exclusive distributor of Apple products across Madhya Pradesh and Chhattisgarh, and in major cities of Uttar Pradesh and Gujarat.
• The company has shown significant growth in the last three years increasing its profit after tax from Rs. 213.12 lakhs in 2021 to Rs. 860.49 lakhs in 2024 (with Rs. 523.87 lakhs as of 30.09.2024).
• The company has built a robust network and aims to optimize its business operations further.

• The company is majorly dependent on the original equipment manufacturers for the telecommunication products it distributes, failure or delay on the part of the original manufacturers in providing its goods may adversely affect the company operations and financial conditions.
• The company’s major revenue is generated from Apple products,  any adverse changes in the market condition or decrease in demand of Apple products may adversely affect the company operations and financial conditions.
• The company purchases its inventory in anticipation of its sales for a certain period, failure to meet the required anticipated sales or any decline in the market value of the purchased products may adversely affect the business operation and financial conditions
• The company’s promoters and directors are facing certain tax proceedings and civil litigation, any adverse outcome of these pending litigation may effect the business, resulting to loss of operations and financial condition.

The electronic market is on the rise with rapid development and the introduction of new technology, software, devices in the market.

Apple is one of the prominent electronic brands in the market and is constantly expanding its product portfolio and upgrading its standards in the market.

India is on the path to becoming the fifth-largest electronic consumer in the world and the Indian appliance and electronic consumer industry which stood at US$ 9.84 billion in 2021 is expected to increase to US$ 21.18 billion by 2025.

The company has significantly grown and has made healthy revenue over the years however, the company also faces certain risks that prospective investors should assess before investing.

The company vide this IPO aims to use the net proceeds to meet working capital and implement strategic business developments.

Each equity share is set at Rs. 108 for a lot size of 1200.

The company has become a prominent electronic distributor especially of Apple products in Gujarat, Madhya Pradesh, Uttar Pradesh and Chhattisgarh, and has shown healthy returns over the last three financial years.

The electronic market is growing and this market has strong potential in the coming years. Potential investors should analyze the risks given in the RHP prospectus before investing.