Five Core Electronics Limited
Delhi based Five Core Electronics Limited was incorporated in 2002. It manufactures and exports a wide range of Public Address Systems - Woofers, Amplifiers, Computer Speakers, Headphones and many more. It also trades in fabric.
It has a strong presence in the overseas market with its products 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.
Issue Details
|
Five Core Electronics Limited IPO |
|
| Issue Open |
May 09, 2018 - May 11, 2018 |
| Issue Price | Rs 140 Per Equity Share |
| Market Lot | 1000 Shares |
| Minimum Order Quantity | 1000 Shares |
| Issue Size | 3,333,000 Equity Shares of Rs 10 aggregating up to Rs 46.66 Cr |
| Face Value | Rs 10/- |
| Listing At | NSE SME |
Company Promoters:
The promoters of the company are Amarjit Singh Kalra and
Surinder Kaur Kalra.
Objects of Five Core Electronics Limited - SME IPO:
The Objects of the Issue are:
1. To meet the working capital requirements of the Company
2. To meet the working capital requirements of the Subsidiary, 5 Core Acoustics Private Limited
3. General Corporate Purpose
4. Repayment of Unsecured Loan of Promoters/Directors
5. Issue Expenses
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