Electro Force (India) Limited IPO
- IPO Date19 Dec, 2023 to 21 Dec, 2023
- Listing Date27 Dec, 2023
- Face Value₹10 per share
- Issue Price₹93 to ₹93 per share
- Lot Size1200 Shares
- Minimum Investment₹1,11,600
- Listing AtNSE SME
- Total Issue Size86,74,800 Shares
(aggregating up to ₹80.68 Cr) - Fresh Issue60,00,000 Shares
(aggregating up to ₹55.80 Cr)
- Offer for Sale26,74,800 Shares
(aggregating up to ₹24.88 Cr) - Issue TypeFixed Price Issue IPO
- Share holding pre issue1,74,00,001
- Shareholding post issue2,34,00,003
IPO Dates
Closing Date
21 Dec, 2023
Initiation of Refunds
26 Dec, 2023
Listing Date
27 Dec, 2023
19 Dec, 2023
Opening Date
22 Dec, 2023
Basis of Allotment
26 Dec, 2023
Credit of Shares
Electro Force (India) Limited 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 (Max) | 1 | 1200 | ₹1,11,600 |
| HNI (Min) | 2 | 2400 | ₹2,23,200 |
| Retail (Min) | 1 | 1200 | ₹1,11,600 |
Electro Force (India) Limited Promoter Holding
Ayesspea Holdings and Investments Private Limited, Garuda Television Private Limited, and Pravin Kumar Brijendra Kumar Agarwal are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 62.93% |
Key Performance Indicator
Electro Force India IPO Market Cap is Rs 217.62 Cr and P/E (x) is 20.22.
| KPI | Values |
|---|---|
| ROE | 43.57% |
| ROCE | 58.23% |
| RoNW | 43.57% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 20.22 | 4.6 |
| P/E (x) | 20.22 | 4.6 |
Electro Force (India) Limited COMPANY INFORMATION
Electro Force India IPO is a fixed price issue of Rs 80.68 crores. The issue is a combination of fresh issue of 60 lakh shares aggregating to Rs 55.80 crores and offer for sale of 26.75 lakh shares aggregating to Rs 24.88 crores. Electro Force India IPO opens for subscription on December 19, 2023 and closes on December 21, 2023. The allotment for the Electro Force India IPO is expected to be finalized on Friday, December 22, 2023. Electro Force India IPO will list on NSE SME with tentative listing date fixed as Wednesday, December 27, 2023. Electro Force India IPO price is ₹93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹223,200. First Overseas Capital Limited is the book running lead manager of the Electro Force India IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Electro Force India IPO is Arham Shares. Refer to Electro Force India IPO RHP for detailed information.
Incorporated in 2010, Electro Force (India) Limited designs and manufactures electrical components and metal/plastic contact parts for India's electronics, lighting, switchgear, and allied industries.
Electro Force designs and manufactures stamping components and plastic components by metal stamping, injection molding and insert molding for electrical MCBs (Miniature Circuit Breakers), 63A electrical manual transfer switches, electrical MCCBs & RCBs, brushless DC motors for medical devices/aerospace/defense and automation, electrical motor starters, Electrical Control Gears, and electrical switches.
The company also provides quality testing, packaging, assembly, secondary operations and logistics services.
The company has a leased manufacturing facility in Vasai, Maharashtra, with an area of over 10,000 square feet.
FAQs About Electro Force (India) Limited Ipo
Electro Force (India) Limited IPO will open on 19 Dec, 2023 and close on 21 Dec, 2023. Investors must apply within this period to participate.
The Electro Force (India) Limited IPO price band is set between ₹93.00 and ₹93.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹111600.00.
The Electro Force (India) Limited IPO shares are expected to be listed on 27 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Electro Force (India) Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Electro Force (India) Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.