Emmforce Autotech Limited IPO is an BSE SME IPO. They are going to raise ₹53.90 Crores via IPO. The issue is priced at ₹93 to ₹98 per equity share. The IPO is to be listed on BSE.
IPO opens for subscription on April 23, 2024, and closes on April 25, 2024. The allotment for the Emmforce Autotech Limited IPO is expected to be finalized on April 26, 2024. Emmforce Autotech Limited IPO will list on BSE SME with tentative listing date fixed as April 30, 2024.
| IPO Details | allotment |
| Minimum Investment ₹117,600 /1 Lot (1200 shares) | Price Range ₹93-₹98 | |
| Max Quantity 1 Lots/1200 Shares | Max Investment ₹117,600 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 53.90 Cr | Employee Discount ₹0 |
| Total Issue Size 5,499,600 Shares (aggregating up to ₹53.90 Cr) | Share Holding Pree Issue 15,000,000 | Issue Type Book Built Issue IPO |
| Fresh Issue Share 5,499,600 Shares (aggregating up to ₹53.90 Cr) | Share Holding Post Issue 20,499,600 | Listing At BSE SME |
| Market Maker Portion 276,000 Shares (Spread X Securities) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 23 April 2024 |
| Offer Ends | 25 April 2024 |
| Allotment | 26 April 2024 |
| Refunds | 29 April 2024 |
| Credit of shares to Demat account | 29 April 2024 |
| IPO Listing | 30 April 2024 |
About Emmforce Autotech Limited
Emmforce Autotech Limited was founded in 2012 and is a manufacturer and exporter of drivetrain parts for niche vehicles.
The company’s product list includes differential housings, differential locks, differential covers, 4WD locking hubs, spindles, axles and shafts, gear shifters, yokes, differential spools, differential tools, and various forged/cast differential parts mainly for 4WD and high-performance racing vehicles.
| Founded in | Managing Director |
| 2012 | Mr. |
Share Holding
Mr. Ashok Mehta, Mrs. Neetu Mehta and Mr. Azeez Mehta are the company’s promoters.
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post-Issue | 73.17% |
Emmforce Autotech Limited IPO Prospectus
| Emmforce Autotech Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹4,875.32 | ₹7,138.13 | ₹5,185.32 |
| Assets | ₹4,895.40 | ₹5,257.36 | ₹3,384.41 |
| Profit | ₹438.85 | ₹732.58 | ₹508.91 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 200.9 Cr | ROE | % |
| P/E (X) | 33.5 | ROCE | % |
| POST P/E (X) | 22.9 | EPS | 2.93 |
| Debt to Equity | RONW | % |
Objects of the Issue
The Objects of the company is to raise funds for:
- Investment in a Subsidiary Company i.e. Emmforce Mobility Solutions Private Limited (EMSPL) in the form of equity or debt for meeting the requirement of working capital and margin money for term loan of the Subsidiary Company.
- To Meet the Working Capital Requirements of the company.
- General Corporate Purpose.
Brokerage Firm IPO Review
- To be updated soon
| Emmforce Autotech Limited Contact Details | |
| Address | Emmforce Autotech Limited Plot No. 287, Industrial Area, Phase II Industrial Estate, Panchkula – 134113 |
| Phone: | +91- 9876009999 |
| info@emmforce.com | |
| Website | http://www.emmforce.com/ |
IPO Registrar | |
| . | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| emmforce.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/initial_offer/public-issues.html |
| Emmforce Autotech Limited IPO Allotment Status Check |
| Emmforce Autotech Limited IPO Allotment Status Check Click Here |
| Emmforce Autotech Limited Lead Managers | |
| Beeline Capital Advisors Pvt Ltd B/1311-1314, Shilp Corporate Near Rajpath Club, Rajpath Rangoli Road, Sarkhej – Gandhinagar Hwy, Ahmedabad, Gujarat – 380054 | |
| Phone | 079 4840 7357 |
| mb@beelinemb.com | |
| Website | https://beelinemb.com/ |
Grill Splendour Services Limited IPO FAQs
What is Emmforce Autotech Limited IPO?
- Emmforce Autotech Limited IPO is an BSE SME IPO. They are going to raise ₹53.90 Crores via IPO. The issue is priced at ₹98 to ₹98 per equity share. The IPO is to be listed on BSE.
- The IPO opens on April 23, 2024, and closes on April 25, 2024.
When Emmforce Autotech Limited IPO will open?
- The IPO is to open on April 23, 2024, for NII, and Retail Investors. and closes on April 25, 2024
What is Emmforce Autotech Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Emmforce Autotech Limited IPO Size?
- Emmforce Autotech Limited IPO size is ₹53.90 crores.
What is Emmforce Autotech Limited IPO Price Band?
- Emmforce Autotech Limited IPO Price Band is ₹93 to ₹98 per equity share.
What is Emmforce Autotech Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1200 Shares) with ₹117,600. and Maximum Lot Size 1 Lots (1200 Shares) with ₹117,600
What is Emmforce Autotech Limited IPO Allotment Date?
- Emmforce Autotech Limited IPO allotment date is April 26, 2024.
What is Emmforce Autotech Limited IPO Listing Date?
- Emmforce Autotech Limited IPO listing date is April 30, 2024. The IPO to list on BSE.