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Emmforce Autotech Limited IPO (Emmforce Autotech IPO) Detail

April 23, 2024 - April 25, 2024

Emmforce Autotech IPO is a book built issue of Rs 53.90 crores. The issue is entirely a fresh issue of 55 lakh shares.

Emmforce Autotech IPO bidding started from April 23, 2024 and ended on April 25, 2024. The allotment for Emmforce Autotech IPO was finalized on Friday, April 26, 2024. The shares got listed on BSE SME on April 30, 2024.

Emmforce Autotech IPO price band is set at ₹93 to ₹98 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹117,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹235,200.

Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Emmforce Autotech IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Emmforce Autotech IPO is Spread X Securities.

Refer to Emmforce Autotech IPO RHP for detailed information.

Emmforce Autotech IPO Details

IPO Date April 23, 2024 to April 25, 2024
Listing Date April 30, 2024
Face Value ₹10 per share
Price Band ₹93 to ₹98 per share
Lot Size 1200 Shares
Total Issue Size5,499,600 shares
(aggregating up to ₹53.90 Cr)
Fresh Issue5,499,600 shares
(aggregating up to ₹53.90 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue15,000,000
Share holding post issue20,499,600
Market Maker portion276,000 shares
Spread X Securities

Emmforce Autotech IPO Reservation

Emmforce Autotech IPO offers 5,499,600 shares. 1,045,200 (19.01%) to QIB, 783,600 (14.25%) to NII, 1,828,800 (33.25%) to RII and 1,566,000 (28.47%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,566,000 (28.47%)
Market Maker Shares Offered276,000 (5.02%)
QIB Shares Offered1,045,200 (19.01%)
NII (HNI) Shares Offered783,600 (14.25%)
Retail Shares Offered1,828,800 (33.25%)
Total Shares Offered5,499,600 (100%)

Emmforce Autotech IPO Anchor Investors Details

Emmforce Autotech IPO raises Rs 15.35 crore from anchor investors. Emmforce Autotech IPO Anchor bid date is April 22, 2024. Emmforce Autotech IPO Anchor Investors list

Bid Date April 22, 2024
Shares Offered 1,566,000
Anchor Portion Size (In Cr.) 15.35
Anchor lock-in period end date for 50% shares (30 Days) May 26, 2024
Anchor lock-in period end date for remaining shares (90 Days) July 25, 2024

Emmforce Autotech IPO Timeline (Tentative Schedule)

Emmforce Autotech IPO opens on April 23, 2024, and closes on April 25, 2024.

IPO Open Date Tuesday, April 23, 2024
IPO Close Date Thursday, April 25, 2024
Basis of Allotment Friday, April 26, 2024
Initiation of Refunds Monday, April 29, 2024
Credit of Shares to Demat Monday, April 29, 2024
Listing Date Tuesday, April 30, 2024
Cut-off time for UPI mandate confirmation 5 PM on April 25, 2024

Emmforce Autotech IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below 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 ₹117,600
Retail (Max) 1 1200 ₹117,600
HNI (Min) 2 2,400 ₹235,200
Lot Size Calculator

Emmforce Autotech IPO Promoter 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%

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.

Competitive strengths:

  1. Engineering excellence: in-house research, design and development and in-depth knowledge of a wide range of materials and processes
  2. One-stop solution for drivetrain parts
  3. Quality assurance and standards: Strict quality standards are followed and maintained throughout the process.
  4. Existing customer relationships: Two decades of good customer relationships contribute to the company receiving regular orders from its customers.
  5. Scalable business model: The company's business model is to make the best use of existing resources, create linkages with the development team's expertise, and achieve consistent customer satisfaction.
  6. Experienced management team

The company's manufacturing facility is located in Baddi, Himachal Pradesh.

As of October 31, 2023, the company employed 128 people.

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,597.134,895.405,257.363,384.41
Revenue4,790.314,875.327,138.135,185.32
Profit After Tax511.78438.85732.58508.91
Net Worth1,500.002,344.952,129.091,524.82
Reserves and Surplus43.72
Total Borrowing2,404.251,535.431,651.09501.70
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Emmforce Autotech IPO is Rs 200.9 Cr.

KPI as of October 31, 2023.

KPI Values
RoNW2.83
P/BV9.52
PAT Margin (%)8.42
Pre IPO Post IPO
EPS (Rs) 2.934.28
P/E (x) 33.522.9
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of October 31, 2023 that is available in RHP.

Objects of the Issue (Emmforce Autotech IPO Objectives)

The company intends to utilize the net proceeds of the Issue to meet the following objectives:

  1. 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.
  2. To Meet the Working Capital Requirements of the company.
  3. General Corporate Purpose.

Emmforce Autotech IPO Review (Apply)

[Dilip Davda]  The company is engaged in niche automotive drivetrain parts. It posted growth in top and bottom lines for FY21 and FY22, but marked de-growth for FY23 following piled up inventories with its clients. It is back on track as expressed by 7M-FY24 earnings. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards. Read detail review...


Emmforce Autotech IPO Subscription Status (Bidding Detail)

The Emmforce Autotech IPO is subscribed 364.37 times on April 25, 2024 7:02:04 PM. The public issue subscribed 267.62 times in the retail category, 160.58 times in the QIB category, and 861.98 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB160.58
NII861.98
Retail267.62
Total364.37

Total Application : 479,142 (314.40 times)

Emmforce Autotech IPO Rating

5
4.6
Rating:Rated 4.6 stars
Vote Here ...

Emmforce Autotech IPO Listing Details

Listing Date April 30, 2024
BSE Script Code 544166
NSE Symbol
ISIN INE0SDC01012
Final Issue Price ₹98 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹98.00
₹186.20
₹186.20
₹195.51
₹195.51

Check IPO Performance…

Emmforce Autotech Limited Contact Details

Emmforce Autotech Limited
Plot No. 287, Industrial Area,
Phase II Industrial Estate,
Panchkula - 134113
Phone: +91- 9876009999
Email: info@emmforce.com
Website: http://www.emmforce.com/

Emmforce Autotech IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: emmforce.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Emmforce Autotech IPO - Buy or Not

Emmforce Autotech IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 2 0 0
Members 1 0 0

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Emmforce Autotech IPO FAQs

Emmforce Autotech IPO is a SME IPO of 5,499,600 equity shares of the face value of ₹10 aggregating up to ₹53.90 Crores. The issue is priced at ₹93 to ₹98 per share. The minimum order quantity is 1200 Shares.

The IPO opens on April 23, 2024, and closes on April 25, 2024.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Emmforce Autotech IPO using UPI as a payment gateway. Zerodha customers can apply in Emmforce Autotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Emmforce Autotech IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Emmforce Autotech IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Emmforce Autotech IPO opens on April 23, 2024 and closes on April 25, 2024.

Emmforce Autotech IPO lot size is 1200 Shares, and the minimum amount required is ₹117,600.

You can apply in Emmforce Autotech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Emmforce Autotech IPO will be done on Friday, April 26, 2024, and the allotted shares will be credited to your demat account by Monday, April 29, 2024. Check the Emmforce Autotech IPO allotment status.

The Emmforce Autotech IPO listing date is on April 30, 2024.
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Emmforce Autotech IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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519 Comments

195. vishnuC |   Link |  Bookmark |May 24, 2024 10:46:58 AM
still going down. disappointed. Can anyone let me know, it will recover or not ?
194. SaurabhJogi |   Link |  Bookmark |May 17, 2024 11:22:52 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Expecting good run up from here in emmforce!🤞

194.1. IPO INFO SEEKER |   Link |  Bookmark |May 22, 2024 10:28:45 AM
Any update on this stock ?

What is the result date ?
194.2. KYO |   Link |  Bookmark |May 24, 2024 4:46:00 PM
Results are on 30th May
193. IPO INFO SEEKER |   Link |  Bookmark |May 15, 2024 5:02:45 PM
Why so many sell orders today ? Any insights ?
192. Harshittt shah |   Link |  Bookmark |May 14, 2024 12:35:19 PM
Posted message here on 11th may, reversal will begin in emmforce & strong UC it is, get ready now 20% UC tomorrow
191. Gai Bhens Paani Me |   Link |  Bookmark |May 14, 2024 9:16:44 AM
Strong UC!
190. SaurabhJogi |   Link |  Bookmark |May 13, 2024 12:37:12 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Circuit will revise on Wednesday 👍
190.1. exness |   Link |  Bookmark |May 13, 2024 2:09:59 PM
thanks for you response.
189. Gai Bhens Paani Me |   Link |  Bookmark |May 13, 2024 10:12:23 AM
Added few more lots at lower circuit today!
188. IPO INFO SEEKER |   Link |  Bookmark |May 12, 2024 3:07:59 PM
Can we buy some lot at current price ? Please guide me
188.1. Gai Bhens Paani Me |   Link |  Bookmark |May 12, 2024 6:21:03 PM
I’m holding my 4 lots with minimum target of 500.
187. Harshittt shah |   Link |  Bookmark |May 11, 2024 4:51:36 PM
Stock sees some consolidation, accumulate from monday, big gains awaiting ahead
186. Gai Bhens Paani Me |   Link |  Bookmark |May 10, 2024 3:50:29 PM
I think buying will seen again by Monday!
185. SaurabhJogi |   Link |  Bookmark |May 9, 2024 6:14:57 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Emmforce:-
BOFA SECURITIES EUROPE SA bought 124,800 shares at avg 261.85.

CAMELLIA TRADEX PRIVATE LIMITED sold 135,600 shares at avg 261.42.
185.2. SaurabhJogi |   Link |  Bookmark |May 12, 2024 11:11:09 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
I have bought some lots at 226.25 and will add few more tomorrow if opens at lc👍
185.3. exness |   Link |  Bookmark |May 13, 2024 12:28:15 PM
Okay i will also try to enter around that. Also still how many days circuits will be revised?
184. SaurabhJogi |   Link |  Bookmark |May 9, 2024 2:31:48 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Most of the previous issues from BEELINE have given bumper returns after listing!✅
Look at tac infosec, kp green engg, pratham , rudra🔥🔥

Expecting same from emmforce 🤞
Lets see how it performs from here!

Circuit change day on 15th may👍
184.3. SaurabhJogi |   Link |  Bookmark |May 15, 2024 9:33:47 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Will hold for sometime 👍
Hope company give some business update or result update soon🤞
184.4. SaurabhJogi |   Link |  Bookmark |May 17, 2024 11:15:12 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Good volume today
Expecting reversal soon!🤞
183. Gai Bhens Paani Me |   Link |  Bookmark |May 9, 2024 10:55:17 AM
This will be unstoppable stock!
182. Gai Bhens Paani Me |   Link |  Bookmark |May 9, 2024 10:45:06 AM
People are trying to grab this stock at lower price.!
181. Suraj Kumar lol |   Link |  Bookmark |May 8, 2024 9:40:31 AM
I came out at 225.25, I didn't saw the volume traded now as most of the flippers are out feeling low should have hold little more
180. IPOGainers |   Link |  Bookmark |May 8, 2024 12:46:08 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Hold it tightly. Much more upside expected in it.
179. Mas |   Link |  Bookmark |May 7, 2024 3:47:13 AM (200+ Posts)
I too sold alloted one lot today. No regrets if went far away. But my appetite is over .
178. SaurabhJogi |   Link |  Bookmark |May 6, 2024 8:17:16 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
📌Most of the flippers are out.💫 💫

178.1. Simply Vicky |   Link |  Bookmark |May 6, 2024 8:31:15 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@SaurabhJogi There are still in picture and have not moved out completely. They will press panic button any time soon.
177. IPONEED |   Link |  Bookmark |May 6, 2024 12:54:42 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
2 LOT BUY KR HI LIYE AAJ TO AB DEKHTE H KHA TK JAYEGA YE STOCK
177.2. IPONEED |   Link |  Bookmark |May 7, 2024 10:50:05 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
enjoy journey
177.3. IPONEED |   Link |  Bookmark |May 8, 2024 12:37:58 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
ab nhi rukne wala ye stock hold 2 lot till
176. Rakcyt |   Link |  Bookmark |May 6, 2024 11:23:28 AM
IPO Guru IPO Guru (1200+ Posts, 1200+ Likes)
MVK ka badla le liya 🙂