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Emmforce Autotech IPO Overview
You are at right place to check all the details regarding Emmforce Autotech IPO. The dates for Emmforce Autotech IPO is announced. The IPO will open on April 23, 2024 and will close on April 25, 2024 .
The Emmforce Autotech IPO price band is fixed at ₹93 to ₹98 Per Share. The company aims to to raise around ₹53.90 Crores via this IPO. You can find complete information about Emmforce Autotech IPO in this post.
The Emmforce Autotech IPO lot size for the application is 1200 shares and hence minimum amount that you would need for this IPO (by retail investors) is ₹117,600.
About Emmforce Autotech IPO:
Emmforce Autotech is engaged in the business of manufacturing niche automotive drivetrain parts like Differential Housings, Differential Lockers, Differential Covers,4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, Differential Tools and various differential forged/cast parts primarily for 4-wheel Drive and performance racing vehicles.
The company has been engaged in exports ever since its inception. They have established itself as a manufacturer of Drivetrain Parts in India and is a stop shop for quality cost cost-effective drivetrain parts and provides out-of-the-box solutions to its customers through designing and developing complex/special parts.
A huge inventory of tooling for forging and machining, jigs and fixtures for machining, and extra focus on engineering gives Emmforce an edge over the competition to develop new parts in a much faster time than the competition. Their company helps to accelerate performance and improve profitability through faster product development, shorter lead time, on-time delivery, comprehensive product range, and competitive pricing.
They offer fully integrated engineering solutions from conceptualization, development, and validation to implementation and manufacturing of their products. The conceptualization stage involves acquiring market intelligence, assessing customer requirements, and formulating customized strategies for individual customers. The development phase includes product designing, material procurement, and processing.
This is followed by the validation phase, which involves prototyping, testing, and feasibility analysis. Their in-house manufacturing and implementation competencies include forging, machining, fabrications, heat treatment, surface finish, logistics, quality and testing, design, and validation.
Objects of the Issue
- 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 IPO Review (Apply or Not?)
You may consider applying for Emmforce Autotech IPO
Emmforce Autotech IPO Brokrage House Reviews:
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Emmforce Autotech IPO Date & Price Band Details
| IPO Open: | April 23, 2024 |
| IPO Close: | April25, 2024 |
| IPO Size: | ₹53.90 Crores |
| Fresh Issue: | 5,499,600 shares |
| Offer For Sale | Approx 8,421,052 equity shares |
| Face Value: | Rs10 Per Equity Share |
| IPO Price Band: | ₹93 to ₹98 Per Share |
| IPO Lot Size | 1200 Shares |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 33.25% |
| QIB Quota: | 19.01% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Emmforce Autotech IPO Market Lot
The Emmforce Autotech IPO minimum market lot is 1200 shares which is equal to ₹117,600 application amount. The retail investors can apply up-to 1 lot with 1200 shares which is equal to ₹117,600
| Category | Lot Size | Shares | Required Amount |
| Retail Minimum | 1 | 1200 | ₹117,600 |
| Retail Maximum | 1 | 1200 | ₹117,600 |
| S-HNI Minimum | 2 | 2400 | ₹235,200 |
Emmforce Autotech IPO Allotment & Listing Dates
The Emmforce AutotechIPO open date is April 23, 2024 and the close date is April 25, 2024 . The Emmforce Autotech IPO allotment will be finalized on April 26, 2024 and the IPO listing on April 30, 2024.
You can check out the live subscription data by visiting this page and similarly visit IPO allotment status page for allotment updates.
| IPO Open Date: | April 23, 2024 |
| IPO Close Date: | April 25, 2024 |
| Basis of Allotment: | April 26, 2024 |
| Refunds: | April 29, 2024 |
| Credit to Demat Account: | April 29, 2024 |
| IPO Listing Date: | April 30, 2024 |
Emmforce Autotech Company Financial Report
| Year | Revenue (Cr) | Expense (Cr) | PAT (Cr) |
| 2021 | ₹51.85 | ₹43.60 | ₹5.09 |
| 2022 | ₹71.38 | ₹60.17 | ₹7.33 |
| 2023 | ₹48.75 | ₹41.98 | ₹4.39 |
Emmforce Autotech IPO Valuation
Below is the financial details of Emmforce Autotech for the year FY2023.
| Earning Per Share (EPS): | ₹2.93 per Equity Share |
| P/E Ratio: | – |
| Return on Net Worth (RoNW): | 18.71% |
| Debt/Equity: | ₹15.63 per Equity Share |
Company Promoters:
- Mr. Ashok Mehta
- Mrs. Neetu Mehta
- Mr. Azeez Mehta
Competitor Companies:
- Divgi Torqtransfer Systems Ltd
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/
Emmforce Autotech IPO Lead Managers
- Beeline Capital Advisors Pvt Ltd
Emmforce Autotech IPO Allotment Status Check
Allotment status of Emmforce Autotech IPO can be checked on Linkintime website : Click here
Company Address of Emmforce Autotech :
Emmforce Autotech Limited
Plot No. 287, Industrial Area,
Phase II Industrial Estate,
Panchkula – 134113
Phone: +91- 9876009999
Email: info@emmforce.com
Website: https://www.emmforce.com/
Emmforce Autotech IPO FAQs:
Q1) What is Emmforce Autotech IPO?
Answer: Emmforce Autotech IPO is Initial Public Offer from Emmforce Autotech company. The company is planning to raise ₹53.90 Crores via this IPO. The share price is priced at band of ₹93 to ₹98 per equity share. The IPO will be listed on BSE & NSE.
Q2) When Emmforce Autotech IPO will open and close?
Answer: The IPO is to open on April 23, 2024 for QIB, NII, and Retail Investors and closes on 25 April, 2024
Q3) What is Emmforce Autotech IPO Investors Portion?
Answer: The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4) What is the Emmforce Autotech IPO Allotment Date?
Answer: Emmforce Autotech IPO allotment date is April 26, 2024.
Q5) What is the Emmforce Autotech IPO Listing Date?
Answer: Emmforce Autotech IPO listing date is April 30, 2024. The IPO is to list on BSE and NSE.
Q6) How to Apply the Emmforce Autotech IPO through Zerodha?
Answer: You can apply to this IPO through Zerodha by logging in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Emmforce Autotech ”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App like PhonePe or GooglePay etc to Approve the mandate. If you still dont have Demat account with Zerodha you can open it using this link, Open Demat Account with Zerodha.