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Emmforce Autotech IPO

Emmforce Autotech IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

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Emmforce Autotech IPO

The initial public offering (IPO) of Emmforce Autotech will open for subscription on April 23 and close on April 25, comprising fresh issues of Rs.53.90 Crore. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on April 30, 2024. 

#1. Quick Intro to Emmforce Autotech    

Emmforce Autotech Limited (2012) is engaged in the business of manufacturing niche automotive drivetrain parts like differential Housings, Differential Lockers, Differential covers, Axles & shafts, Gear shifters, etc.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Emmforce Autotech    

The company intends to use the IPO Funds for the following purposes:

  1. Investment in a subsidiary company in the form of equity or debt for meeting the requirement of working capital and margin money for term loan of the subsidiary company.
  2. To meet the working capital requirement of the company
  3. General corporate purposes and issue expenses. 

#3. Emmforce Autotech Core Strengths 

  1. One-stop solution for drivetrain parts
  2. Existing client relationship
  3. Quality assurance and standards 
  4. Scaleable business model
  5. Experienced promoters and management team

#4. Emmforce Autotech IPO Review & Rating

Issue Size  Rs.53.90 Crore
Issue Price  Rs.93-98 per share 
Minimum Lot Size 1200 Shares
Total Profit (Latest)  Rs.511.78 Lakhs
D/E –
ROCE (%) –
Listing on BSE SME
IPO Deliver Rating THREE

 

#5. Emmforce Autotech IPO Dates, Price Band & Details

Emmforce Autotech IPO will open on April 23, 2024, and close on April 25, 2024. The IPO is to be listed on April 30, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.53.90 Crore
Price Brand Rs.93-98 per share
Face Value Rs. 10/- per share
IPO Open Date April 23, 2024
IPO Close Date April 25, 2024
IPO Allotment Date April 26, 2024
Refund Date April 29, 2024
Share Credit Date April 29, 2024
Listing Date April 30, 2024

 

#6. Emmforce Autotech IPO Offer Details

Emmforce Autotech IPO’s total issue size is 54,99,600 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 54,99,600 53.90
Offer for Sale (OFS) – –

 

#7. Emmforce Autotech Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period October 31, 2023, March 31, 2023 and March 31, 2022.

Category (Rs.) Oct 31, 2023 March 31, 2023 March 31, 2022
Total Revenue 4790.31 4895.40 5257.36
Net Worth 1500.00 2344.95 2129.09
Profit 511.78 438.85 732.58
Total Borrowings 2404.25 1535.43 1651.09

 

#8. Emmforce Autotech Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period October 31, 2023, 2023, March 31, 2023 and March 31, 2022. 

Category Oct 31, 2024 March 31, 2023 March 31, 2022
EPS (Rs.) 0.29 2.93 4.88
RoNW (%) 2.83 18.17 34.41
NAV (Rs.) 10.29 15.63 14.19

 

#9. Emmforce Autotech Comparison with Other Peer Companies (Top 2)

No Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(Rs. in Lakhs)

 RoNW (%) NAV (Rs.)

 

#10. Emmforce Autotech Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoter
01. Ashok Mehta
02. Neetu Mehta
03. Azeez Mehta

 

#11. Emmforce Autotech Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  100
Post-issue 73.17

 

#12. Emmforce Autotech  IPO Reservation Details

Emmforce Autotech IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB Shares Offered 50% of the Net Issue
Retail Shares Offered 35% of the Net Issue
NII (HNI) Shares Offered 15% of the Net Issue 

 

#13. Emmforce Autotech IPO – Lot Size

An investor can apply for a minimum of 1,200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 1,200 1,17,600
Retail (Max.) 1 1,200 1,17,600
HNI (Min.) 2 2,400 2,35,200

 

#14. Emmforce Autotech IPO – Prospectus Copy

An investor can download/view the Emmforce Autotech prospectus copy, which the company filed to exchange, details are as follows. 

Emmforce Autotech IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Emmforce Autotech IPO Registrar 

Link Intime India Private Limited 

Phone No. +022-49186270

E-Mail: emmforce.ipo@linkintime.co.in

Website: www.linkintime.co.in

#16. Emmforce Autotech IPO Lead Managers

Beeline Capital Advisor Private Limited 

Phone No. +91-79 48407357

E-Mail: mb@beelinemb.com

Website: www.beelinemb.com

#17. Emmforce Autotech IPO Application (How to Apply for an IPO)

There are three primary options for applying for an Emmforce Autotech IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Emmforce Autotech Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Emmforce Autotech Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Emmforce Autotech Company Details

Emmforce Autotech Limited 

Registered Office: Plot No. 287, Industrial Area, Phase-II, Panchkula-134113

Email:info@emforce.com

Website: www.emmforce.com

Investor Grievances/Compliance Officer: Parul Gupta

#19. Emmforce Autotech Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. –
02. –

 

#20. Emmforce Autotech Company Board (Top 2)

Sr. No. Name of Directors
01. Ashok Mehta
02. Azeez Mehta

 

Emmforce Autotech IPO – Frequently Asked Questions (FAQs)

#1. What is an Emmforce Autotech IPO?

Emmforce Autotech brings its IPO of Rs. 53.90 Crore, on April 23, 2024, with a price band of Rs.93-98 per share.

 

#2. What is the Emmforce Autotech IPO Open date?

Emmforce Autotech IPO’s opening date is April 23, 2024.

 

#3. What is the Emmforce Autotech IPO Close Date?

Emmforce Autotech IPO’s closing date is April 25, 2024.

 

#4. What is the Emmforce Autotech IPO Listing date?

Emmforce Autotech’s IPO listing date is April 30, 2024.

 

#5. What is the Emmforce Autotech IPO Minimum investment amount?

Emmforce Autotech IPO’s minimum investment amount is Rs. 1,17,600.

 

#6. What is the Emmforce Autotech IPO offer issue Size?

Emmforce Autotech offers an issue size of Rs.53.90 Crore.

 

#7. What is the Emmforce Autotech IPO Price Band?

Emmforce Autotech’s IPO price band is Rs.93-98 per share.

 

#8. Is Emmforce Autotech  IPO mainboard IPO or SME IPO?

Emmforce Autotech IPO is an SME IPO.

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