The Emmforce Autotech IPO GMP, Review, Price, and Allotment date has been confirmed from April 23, 2024 and closes on April 25, 2024. Read the post to learn about Emmforce Autotech IPO GMP.
The Emmforce Autotech Developers IPO is a fixed price issue of Rs 53.90 crore. The 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.
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Bidding Dates
April 23-25
Price Range
₹93 to ₹98 per share
Face Value
₹10 per share
GMP
₹130
Emmforce Autotech IPO GMP
The Emmforce Autotech IPO GMP Today is ₹130.
Emmforce Autotech IPO Overview
The book-built IPO for Emmforce Autotech is valued at Rs 53.90 crores. This is a completely new 55 lakh share offering. The subscription period for the Emmforce Autotech IPO begins on April 23, 2024, and ends on April 25, 2024. On Friday, April 26, 2024, the allocation for the Emmforce Autotech IPO is anticipated to be completed. Tuesday, April 30, 2024 is the tentative listing date for the Emmforce Autotech IPO on BSE SME.
The price range for the Emmforce Autotech IPO is ₹93 to ₹98 per share. An application must have a minimum lot size of 1200 shares. Retail investors are required to invest a minimum of ₹117,600. For HNI, a minimum investment of two lots (2,400 shares) of ₹235,200 is required.
Emmforce Autotech IPO Details
| IPO Date | April 23, 2024 to April 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹93 to ₹98 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,499,600 shares (aggregating up to ₹53.90 Cr) |
| Fresh Issue | 5,499,600 shares (aggregating up to ₹53.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 15,000,000 |
| Share holding post issue | 20,499,600 |
| Market Maker portion | 276,000 shares |
Emmforce Autotech Limited Financial Information
| 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 |
| Revenue | 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 | ||||
Emmforce Autotech IPO Timeline
| IPO Open Date | Tuesday, April 23, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
Company Profile
Established in 2012, Emmforce Autotech Limited is a patron and supplier of drivetrain factors for specialty motorcars. discriminational jackets, discriminational cinches, discriminational covers, 4WD locking capitals, spindles, axles, and shafts; gear shifters; slaveries; discriminational spools; discriminational tools and other forged/ cast discriminational corridor, substantially for 4WD and high- performance racing vehicles, are among the products offered by the company. The company’s product factory is positioned in Himachal Pradesh’s Baddi. The company had 128 workers as of October 31, 2023.
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
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Emmforce Autotech Limited |
| Phone number | +91- 9876009999 |
| Email ID | [email protected] |
| Website | emmforce.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Emmforce Autotech IPO FAQs
When Emmforce Autotech IPO will open?
The Emmforce Autotech IPO opens on April 23, 2024 and closes on April 25, 2024.
What is the lot size of Emmforce Autotech IPO?
Emmforce Autotech IPO lot size is 1200 Shares, and the minimum amount required is ₹117,600.
When is Emmforce Autotech IPO allotment?
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.
When is Emmforce Autotech IPO listing date?
The Emmforce Autotech IPO listing date is not yet announced. The tentative date of Emmforce Autotech IPO listing is Tuesday, April 30, 2024.
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