Emmforce Autotech Limited IPO
- IPO Date23 Apr, 2024 to 25 Apr, 2024
- Listing Date30 Apr, 2024
- Face Value₹10 per share
- Issue Price₹93 to ₹98 per share
- Lot Size1200 Shares
- Minimum Investment₹1,17,600
- Listing AtBSE SME
- Total Issue Size54,99,600 Shares
(aggregating up to ₹53.90 Cr) - Fresh Issue54,99,600 Shares
(aggregating up to ₹53.90 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,50,00,000
- Shareholding post issue2,04,99,601
IPO Dates
Closing Date
25 Apr, 2024
Initiation of Refunds
29 Apr, 2024
Listing Date
30 Apr, 2024
23 Apr, 2024
Opening Date
26 Apr, 2024
Basis of Allotment
29 Apr, 2024
Credit of Shares
Emmforce Autotech 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 (Min) | 1 | 1200 | ₹1,17,600 |
| HNI (Min) | 2 | 2400 | ₹2,35,200 |
| Retail (Max) | 1 | 1200 | ₹1,17,600 |
Emmforce Autotech Limited Promoter Holding
Mr. Ashok Mehta, Mrs. Neetu Mehta and Mr. Azeez Mehta are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.17% |
Emmforce Autotech Limited COMPANY INFORMATION
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. The shares got 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.
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:
- Engineering excellence: in-house research, design and development and in-depth knowledge of a wide range of materials and processes
- One-stop solution for drivetrain parts
- Quality assurance and standards: Strict quality standards are followed and maintained throughout the process.
- Existing customer relationships: Two decades of good customer relationships contribute to the company receiving regular orders from its customers.
- Scalable business model: The company's business model is to make the best use of existing resources, create linkages with the development team's expertise, and achieve consistent customer satisfaction.
- Experienced management team
The company's manufacturing facility is located in Baddi, Himachal Pradesh.
As of October 31, 2023, the company employed 128 people.
FAQs About Emmforce Autotech Limited Ipo
Emmforce Autotech Limited IPO will open on 23 Apr, 2024 and close on 25 Apr, 2024. Investors must apply within this period to participate.
The Emmforce Autotech Limited IPO price band is set between ₹93.00 and ₹98.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹117600.00.
The Emmforce Autotech Limited IPO shares are expected to be listed on 30 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your Emmforce Autotech Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Emmforce Autotech Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.