Bookbuilding IPO | ₹54 Cr | Listed at BSE SME | Tue, Apr 23, 2024 - Thu, Apr 25, 2024
Emmforce Autotech IPO is a book build issue of ₹53.90 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹53.90 crore.
Emmforce Autotech IPO bidding started from Apr 23, 2024 and ended on Apr 25, 2024. The allotment for Emmforce Autotech IPO was finalized on Apr 26, 2024. The shares got listed on BSE SME on Apr 30, 2024.
Emmforce Autotech IPO price band is set at ₹98 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,17,600 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,35,200.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Emmforce Autotech IPO RHP for detailed Information.
IPO Open
Tue, Apr 23, 2024
IPO Close
Thu, Apr 25, 2024
Issue Price
₹98 per share
Market Cap (Pre-IPO)
₹200.90 Cr
| IPO Date | 23 to 25 Apr, 2024 |
| Listed on | Tue, Apr 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹93 to ₹98 |
| Issue Price | ₹98 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 54,99,600 shares (agg. up to ₹54 Cr) |
| Reserved for Market Maker | 2,76,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 52,23,600 shares (agg. up to ₹51 Cr) |
| Net Offered to Public | 52,23,600 shares (agg. up to ₹51 Cr) |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,04,99,600 shares |
| BSE Script Code | 544166 |
| ISIN | INE0SDC01012 |
Emmforce Autotech IPO comprises a total issue size of 54,99,600 shares. The net offer to the public is 52,23,600 shares, after excluding 2,76,000 shares allotted on a firm basis. Of the Net offer 26,11,200 (49.99%) are allocated to QIB, 7,83,600 (15.00%) allocated to NII 18,28,800 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 26,11,200 | 49.99% | 47.48% |
| − Anchor Investor Shares Offered | 15,66,000 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 10,45,200 | 19.01% | |
| NII (HNI) Shares Offered | 7,83,600 | 15.00% | 14.25% |
| Retail Shares Offered | 18,28,800 | 35.01% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,76,000 | 5.02% | |
| Total Shares Offered | 54,99,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,17,600 |
| Retail (Max) | 1 | 1,200 | ₹1,17,600 |
| HNI (Min) | 2 | 2,400 | ₹2,35,200 |
Emmforce Autotech IPO raises ₹15.35 crore from anchor investors. Emmforce Autotech IPO Anchor bid date is April 22, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Apr 22, 2024 |
| Shares Offered | 15,66,000 |
| Anchor Portion (₹ Cr.) | 15.35 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, May 26, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jul 25, 2024 |
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.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 55.97 | 48.95 | 52.57 | 33.84 |
| Total Income | 47.90 | 48.75 | 71.38 | 51.85 |
| Profit After Tax | 5.12 | 4.39 | 7.33 | 5.09 |
| NET Worth | 15.00 | 23.45 | 21.29 | 15.25 |
| Reserves and Surplus | 0.44 | |||
| Total Borrowing | 24.04 | 15.35 | 16.51 | 5.02 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Subsidiary Company i.e. Emmforce Mobility Solutions Private Limited (EMSPL) in form of equity or debt for meeting the requirement of working capital and margin money for term loan of Subsidiary Company. | 10.00 |
| 2 | To Meet Working Capital Requirement of our Company | 27.00 |
| 3 | General Corporate Expenses | 12.90 |
| KPI | Oct 31, 2023 |
|---|---|
| RoNW | 2.83 |
| PAT Margin | 8.42% |
| Price to Book Value | 9.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.93 | 4.28 |
| P/E (x) | 33.5 | 22.9 |
| Promoter Holding | 100.00% | 73.17% |
| Market Cap | ₹200.90 Cr. |
The Emmforce Autotech IPO is subscribed 364.37 times on April 25, 2024 7:02:04 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 160.58 | 10,45,200 | 16,78,38,000 |
| NII* | 861.98 | 7,83,600 | 67,54,48,800 |
| Retail | 267.62 | 18,28,800 | 48,94,23,600 |
| Total | 364.37 | 36,57,600 | 1,33,27,10,400 |
Total Application : 4,79,142
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 0.25 |
| 2 | Brokerage, selling, commission and upload fees including Validation Fees | 0.10 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 0.18 |
| 6 | Regulators including stock exchanges | 0.06 |
| 7 | Printing and distribution of issue stationery | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 3.36 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹98.00 |
| Open | ₹186.20 |
| Low | ₹186.20 |
| High | ₹195.51 |
| Last Trade | ₹195.51 |
Lead Manager Reports
Emmforce Autotech IPO is a SME IPO of 54,99,600 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹98 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Apr 23, 2024, and closes on Thu, Apr 25, 2024.
MUFG Intime India Pvt.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 Tue, Apr 23, 2024 and closes on Thu, Apr 25, 2024.
Emmforce Autotech IPO lot size is 1200, and the minimum amount required for application is ₹1,17,600.
You can apply in Emmforce Autotech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Mon, Apr 29, 2024. Check the Emmforce Autotech IPO allotment status.
The Emmforce Autotech IPO listing date is on Tue, Apr 30, 2024.
