Electro Force (India) Limited IPO
NSE SMEListed On: Dec 27, 2023 at ₹ 100.0
₹ 223200 /2400 Shares
*Min Investment
19 Dec, 2023
Open Date21 Dec, 2023
Close Date22 Dec, 2023
Allotment Date27 Dec, 2023
Listing DateElectro Force (India) Limited IPO Issue Details
- Issue Price ₹93 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 8,674,800 shares(aggregating up to ₹80.68 Cr)
- Listing at NSE SME
- List Price 100.0
- Listing Date 2023-12-27
- Lead Manager First Overseas Capital Limited
- Registrar Skyline Financial Services Private Ltd
Electro Force (India) Limited IPO Details
- Retail Portion 50%
Electro Force (India) Limited IPO Documents
Electro Force (India) Limited IPO Details
Electro Force (India) Limited IPO is an SME IPO, priced at ₹93 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Dec 19, 2023 to Dec 21, 2023. The allotment is expected to be finalized on Dec 22, 2023, and the tentative listing date is Dec 27, 2023.
The registrar of the IPO is Skyline Financial Services Private Ltd, and
Electro Force (India) Limited IPO Subscription Analysis And Details
| 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
Electro Force (India) Limited Company Financials
| 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 |
About Electro Force (India) Limited Company
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
Pre Issue Share Holding : 100%
Post Issue Share Holding : 62.93%
Electro Force (India) Limited IPO - Issue Objectives
Funding additional working capital requirements of the company
Pursuing Inorganic Growth
General corporate purposes
Electro Force (India) Limited IPO - FAQs
Ans. Electro Force (India) Limited IPO is a SME IPO. The issue is priced at ₹93 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Dec 19, 2023, and closes on Dec 21, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Electro Force (India) Limited IPO opens on Dec 19, 2023 and closes on Dec 21, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Electro Force (India) Limited IPO is 8,674,800 shares(aggregating up to ₹80.68 Cr).
Ans. The Electro Force (India) Limited IPO price band is set between ₹93 per equity share.
Ans. To apply for Electro Force (India) Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Electro Force (India) Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Electro Force (India) Limited IPO is Dec 22, 2023.
Ans. The Electro Force (India) Limited IPO will be listed on Dec 27, 2023.
Ans. Follow the steps to check the Electro Force (India) Limited IPO allotment status online.
