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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 ₹98.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,11,600 (1200 shares). The minimum lot size investment for 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 Date | April 23, 2024 to April 25, 2024 |
| Listing Date | April 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹93 to ₹98 per share |
| Issue Price Final | ₹98 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,99,600 shares (aggregating up to ₹53.90 Cr) |
| Reserved for Market Maker | 2,76,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹2.70 Cr) |
| Net Offered to Public | 52,23,600 shares (aggregating up to ₹51.19 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,04,99,600 shares |
Emmforce Autotech IPO offers total 54,99,600 shares. Out of which 26,11,200 (47.48%) allocated to QIB, 10,45,200 (19.01%) allocated to QIB, 7,83,600 (14.25%) allocated to NII, 18,28,800 (33.25%) allocated to RII and 15,66,000 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,76,000 (5.02%) |
| QIB Shares Offered | 26,11,200 (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 (14.25%) |
| Retail Shares Offered | 18,28,800 (33.25%) |
| Total Shares Offered | 54,99,600 (100.00%) |
Emmforce Autotech IPO raises ₹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 | 15,66,000 |
| 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 | Tue, Apr 23, 2024 |
| IPO Close Date | Thu, Apr 25, 2024 |
| Tentative Allotment | Fri, Apr 26, 2024 |
| Initiation of Refunds | Mon, Apr 29, 2024 |
| Credit of Shares to Demat | Mon, Apr 29, 2024 |
| Tentative Listing Date | Tue, Apr 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 25, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹200.90 Cr.
KPI as of Tue, Oct 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 2.83 |
| PAT Margin | 8.42% |
| Price to Book Value | 9.52 |
| 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...
| Listing Date | April 30, 2024 |
| BSE Script Code | 544166 |
| NSE Symbol | |
| ISIN | INE0SDC01012 |
| Final Issue Price | ₹98 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹98.00 |
| Open | ₹186.20 |
| Low | ₹186.20 |
| High | ₹195.51 |
| Last Trade | ₹195.51 |
Emmforce Autotech Ltd.
Plot No. 287, Industrial Area,
Phase II Industrial Estate,
Panchkula - 134113
Panchkula, Haryana
Phone: +91- 9876009999
Email: info@emmforce.com
Website: http://www.emmforce.com/
MUFG Intime India Pvt.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 is a SME IPO of 54,99,600 equity shares of the face value of ₹10 aggregating up to ₹53.90 Crores. The issue is priced at ₹98 per share. The minimum order quantity is 1200.
The IPO opens on April 23, 2024, and closes on April 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 April 23, 2024 and closes on April 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 Monday, April 29, 2024. Check the Emmforce Autotech IPO allotment status.
The Emmforce Autotech IPO listing date is on Tuesday, April 30, 2024.
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