Electro Force (India) Limited IPO
Electro Force (India) Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹93 per share. The stock debuted at ₹100, delivering a listing gain of 7.5%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,11,600.
Electro Force (India) Limited IPO
- IPO Dates
- Dec 19, 2023 – Dec 21, 2023
- Price band
- ₹93 per equity share
- Minimum Investment
- ₹1,11,600
- Issue size
- 8,674,800 shares(aggregating up to ₹80.68 Cr)
- Lot size
- 1200
- Allotment Date
- Dec 22, 2023
- Listing
- Dec 27, 2023
- Listing At
- NSE SME
IPO timeline
-
Dec 19, 2023
Open Date
Completed
-
Dec 21, 2023
Close Date
Completed
-
Dec 22, 2023
Allotment Date
Completed
-
Dec 27, 2023
Listing Date
Completed
Electro Force (India) Limited IPO Essentials
Electro Force (India) Limited IPO Details
Electro Force (India) Limited IPO is priced at ₹93 per share with a total issue size of 8,674,800 shares(aggregating up to ₹80.68 Cr). The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹93 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 8,674,800 shares(aggregating up to ₹80.68 Cr)
- Listing at
- NSE SME
- List price
- 100.0
- Listing date
- Registrar
- Skyline Financial Services Private Ltd
- Lead manager
-
First Overseas Capital Limited
Electro Force (India) Limited IPO Details
- Retail Portion 50%
Electro Force (India) Limited IPO Documents
Electro Force (India) Limited IPO Analytics
Electro Force (India) Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Electro Force (India) Limited IPO Subscription Status
Electro Force (India) Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 4,119,600 | 4,119,600 | 8,239,200 |
|
Day 1
19-12-23 06:00 PM
|
(0.34) x | 1.52 x | 0.93 x |
|
Day 2
20-12-23 06:00 PM
|
(0.59) x | 3.45 x | 2.02 x |
|
Day 3
21-12-23 06:00 PM
|
(2.22) x | 6.44 x | 4.33 x |
Electro Force (India) Limited Valuations
Earnings
- EPS (Post IPO)
- ₹4.6/-
- P/E Ratio
- 20.22
Returns
- RoNW
- 43.57%
Electro Force (India) Limited Financials( In Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 7,231.51 | 4,783.37 | 1,719.96 |
| Revenue | 3,028.81 | 3,443.55 | 1,587.13 |
| Profit After Tax | 799.60 | 3,443.55 | -223.69 |
Electro Force (India) Limited Company & Offer Insights
About Electro Force (India) Limited
Electro Force (India) Limited designs and manufactures electrical components and metal/plastic contact parts for India's electronics, lighting, switchgear, and allied industries.
Electro Force designs and manufactures stamping components and plastic components by metal stamping, injection molding and insert molding for electrical MCBs (Miniature Circuit Breakers), 63A electrical manual transfer switches, electrical MCCBs & RCBs, brushless DC motors for medical devices/aerospace/defense and automation, electrical motor starters, Electrical Control Gears, and electrical switches.
The company also provides quality testing, packaging, assembly, secondary operations and logistics services.
The company has a leased manufacturing facility in Vasai, Maharashtra, with an area of over 10,000 square feet.
Electro Force (India) Limited Promoter(s)
Ayesspea Holdings and Investments Private Limited, Garuda Television Private Limited, Pravin Kumar Brijendra Kumar Agarwal are the company's promoters of Electro Force (India) Limited.
Electro Force (India) Limited IPO Issue Objectives
- •
- Funding additional working capital requirements of the company
- •
- Pursuing Inorganic Growth
- •
- General corporate purposes
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Electro Force (India) Limited IPO is a Fixed Priced IPO worth ₹8,674,800 shares(aggregating up to ₹80.68 Cr). The issue price is ₹93 per share (fixed price). The IPO opens on Dec 19, 2023 and closes on Dec 21, 2023. It will be listed on NSE SME Platform. Skyline Financial Services Private Ltd is the registrar.
The issue price of Electro Force (India) Limited IPO is ₹93 per share (fixed price).
The lot size of Electro Force (India) Limited IPO is 1200 shares.
The minimum investment for Electro Force (India) Limited IPO is approximately ₹1,11,600 based on the issue price .
Electro Force (India) Limited IPO opens on Dec 19, 2023 and closes on Dec 21, 2023.
The allotment date of Electro Force (India) Limited IPO is Dec 22, 2023.
Electro Force (India) Limited IPO is expected to be listed on Dec 27, 2023, on NSE SME Platform.
Electro Force (India) Limited IPO valuation snapshot: P/E 20.22, EPS ₹4.6/-, P/B N/A, RoNW 43.57%, and market cap N/A.
To apply for Electro Force (India) Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Electro Force (India) Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Electro Force (India) Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Electro Force (India) Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Electro Force (India) Limited IPO allotment status on IPO Ji for quick and easy access.