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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. Emmforce Autotech IPO will be 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.
| 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 Size | 5,499,600 shares (aggregating up to ₹53.90 Cr) |
| Fresh Issue | 5,499,600 shares (aggregating up to ₹53.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 15,000,000 |
| Share holding post issue | 20,499,600 |
| Market Maker portion | 276,000 shares Spread X Securities |
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 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 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 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 |
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 | |||
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 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:
The company's manufacturing facility is located in Baddi, Himachal Pradesh.
As of October 31, 2023, the company employed 128 people.
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 Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,597.13 | 4,895.40 | 5,257.36 | 3,384.41 |
| Revenue | 4,790.31 | 4,875.32 | 7,138.13 | 5,185.32 |
| Profit After Tax | 511.78 | 438.85 | 732.58 | 508.91 |
| Net Worth | 1,500.00 | 2,344.95 | 2,129.09 | 1,524.82 |
| Reserves and Surplus | 43.72 | |||
| Total Borrowing | 2,404.25 | 1,535.43 | 1,651.09 | 501.70 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Emmforce Autotech IPO is Rs 200.9 Cr.
KPI as of October 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 2.83 |
| P/BV | 9.52 |
| PAT Margin (%) | 8.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.93 | 4.28 |
| P/E (x) | 33.5 | 22.9 |
The company intends to utilize the net proceeds of the Issue to meet the following objectives:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 160.58 |
| NII | 861.98 |
| Retail | 267.62 |
| Total | 364.37 |
Total Application : 479,142 (314.40 times)
| Listing Date | April 30, 2024 |
| BSE Script Code | 544166 |
| NSE Symbol | |
| ISIN | INE0SDC01012 |
| Final Issue Price | ₹98 per share |
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/
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
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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
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.
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