Emmforce Autotech Limited IPO
BSE SMEListed On: Apr 30, 2024 at ₹ 186.2
₹ 235200 /2400 Shares
*Min Investment
23 Apr, 2024
Open Date25 Apr, 2024
Close Date26 Apr, 2024
Allotment Date30 Apr, 2024
Listing DateEmmforce Autotech Limited IPO Issue Details
- Issue Price ₹93-98 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 54,99,600 shares(aggregating up to ₹53.9 crore)
- Fresh Share 54,99,600 shares(aggregating up to ₹53.9 crore)
- Listing at BSE SME
- List Price 186.2
- Listing Date 2024-04-30
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,17,600 |
| Retail(max) | 1 | 1200 | ₹1,17,600 |
| NII (min) | 2 | 2,400 | ₹2,35,200 |
Emmforce Autotech Limited IPO Reservation
Emmforce Autotech Limited IPO offers total 5,499,600 shares. Out of which 1,045,200 (19.01%) allocated to QIB, 783,600 (14.25%) allocated to NII,1,828,800 (33.25%) allocated to RII, NA (NA%) allocated to employees and 1,566,000 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,566,000 (28.47%) | |
| Market Maker Shares Offered | 276,000 (5.02%) | |
| QIB Shares Offered | 1,045,200 (19.01%) | |
| NII (HNI) Shares Offered | 783,600 (14.25%) | |
| Retail Shares Offered | 1,828,800 (33.25%) | |
| Total Shares Offered | 5,499,600 (100%) |
Emmforce Autotech Limited IPO Details
Emmforce Autotech Limited IPO is an SME IPO, priced at ₹93-98 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 54,99,600 equity shares, aggregating up to ₹53.9 crores..
The IPO bidding window is open from Apr 23, 2024 to Apr 25, 2024. The allotment is expected to be finalized on Apr 26, 2024, and the tentative listing date is Apr 30, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,17,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,35,200.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.
Emmforce Autotech Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,045,200 / 783,600 | 1,828,800 | 3,657,600 |
Day 1 23-04-24 06:00 PM | 1.03 / 31.60 x | 29.34 x | 21.73 x |
Day 2 24-04-24 06:00 PM | 10.57 / 117.14 x | 92.57 x | 74.40 x |
Day 3 25-04-24 06:00 PM | 160.58 / 637.72 x | 267.62 x | 338.87 x |
Emmforce Autotech Limited Valuations
Emmforce Autotech Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 4,895.40 | 5,257.36 | 3,384.41 |
| Revenue | 4,875.32 | 7,138.13 | 5,185.32 |
| Profit After Tax | 438.85 | 732.58 | 508.91 |
| Net Worth | 2,344.95 | 2,129.09 | 1,524.82 |
| Total Borrowing | 1,535.43 | 1,651.09 | 501.70 |
About Emmforce Autotech Limited Company
Emmforce Autotech Limited is a company that was established in 2012. It is a manufacturer and exporter of drivetrain parts for niche vehicles.
The following are the products of the company such as differential housings, differential locks, differential covers, 4WD locking hubs, spindles, axles and shafts, gear shifters, yokes, differential spools, differential tools, among others are its forged/cast differential parts mostly for 4WD and high-performance racing vehicles.
The company had 128 employees as of October 31, 2023.
Emmforce Autotech Limited - Promoter(s)
Mr. Ashok Mehta
Mrs. Neetu Mehta
Mr. Azeez Mehta
Pre Issue Share Holding : 100%
Post Issue Share Holding : 73.17%
Emmforce Autotech Limited IPO - Issue Objectives
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.
Emmforce Autotech Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Emmforce Autotech Limited | 2.93 | 2.93 | 15.63 | N/A | 18.71 | 6.27 | Standalone |
| Divgi Torqtransfer Systems Limited | 18.45 | 18.45 | 360.53 | 44.31 | 9.28 | N/A | Standalone |
Notes:
- Basic & Diluted Earnings per Share (EPS) and Net Asset Value (NAV) per share are calculated on the weighted average number of shares after considering the Bonus Issue of Shares.
Contact Details
Emmforce Autotech Limited
Plot No. 287, Industrial Area, Phase II Industrial Estate, Panchkula -134113
+91- 9876009999
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Emmforce Autotech Limited IPO - FAQs
Ans. Emmforce Autotech Limited IPO is a SME IPO. The issue is priced at ₹93-98 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Apr 23, 2024, and closes on Apr 25, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Emmforce Autotech Limited IPO opens on Apr 23, 2024 and closes on Apr 25, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Emmforce Autotech Limited IPO is 5,499,600 shares(aggregating up to ₹53.90 Cr).
Ans. The Emmforce Autotech Limited IPO price band is set between ₹93-98 per equity share.
Ans. To apply for Emmforce Autotech Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Emmforce Autotech 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 Emmforce Autotech Limited IPO is Apr 26, 2024.
Ans. The Emmforce Autotech Limited IPO will be listed on Apr 30, 2024.
Ans. Follow the steps to check the Emmforce Autotech Limited IPO allotment status online.
