Emmforce Autotech IPO Date, Review, Price, Allotment Details

April 25, 2024
Kunjcapital
IPO
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Emmforce Autotech IPO is opening for subscription on April 23, 2024 and closing on April 25, 2024. This BSE SME IPO aims to raise ₹53.90 crores, with a 100% Fresh Issue of 5,499,600 Equity Shares, each with a face value of ₹10. The price band for the Emmforce Autotech IPO is fixed at ₹93 – ₹98 Per Equity Share, with a market lot of 1200 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Emmforce Autotech IPO Allotment will done on April 26, 2024, and Emmforce Autotech IPO listing date is April 30, 2024.

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Emmforce Autotech Company Profile

Emmforce Autotech is involved in the manufacturing of niche automotive drivetrain parts such as Differential Housings, Differential Lockers, Differential Covers, 4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, Differential Tools, and various differential forged/cast parts, primarily for 4-wheel drive and performance racing vehicles. With a focus on exports since its inception, the company has established itself as a manufacturer of quality drivetrain parts in India, providing out-of-the-box solutions to its customers through the design and development of complex/special parts.

Emmforce Autotech IPO GMP

Company Name	IPO Price	GMP(₹ %)	Status
Mandeep Auto Industries	67	10 (14.93%)	Upcoming
Refractory Shapes	31	0 (0.0%)	Available for Apply
Finelistings Technologies	123	0 (0.0%)	Available for Apply
Winsol Engineers	75	80 (106.67%)	Available for Apply
Indegene	452	253 (55.97%)	Closed (Listing Awaited)
Slone Infosystems	67	40 (59.7%)	Closed (Listing Awaited)
Sai Swami Metals	60	45 (75%)	Closed (Listing Awaited)
Racks & Rollers	78	35 (44.87%)	Closed (Listing Awaited)
Amkay Products	55	45 (81.82%)	Closed (Listing Awaited)
Emmforce Autotech	98	130 (132.65%)	Listed @186.20 (90.00%)
Shivam Chemicals	44	2 (4.55%)	Listed @48.00 (9.09%)
Varyaa Creations	150	0 (0%)	Listed @285.00 (90.00%)
JNK India	415	135 (32.53%)	Listed @621.00 (49.64%)
Faalcon Concepts	62	5 (8.06%)	Listed @ 95 (53.23%)
VI FPOClose	11	1.4 (12.73%)	Listed @ 11.80 (7.27%)
Grill Splendour Services	120	8 (6.67%)	Listed @ 121.30 (1.08%)
Ramdevbaba Solvent	85	9 (10.59%)	Listed @ 112.00 (31.76%)
Greenhitech Ventures	50	12 (24%)	Listed @95.00 (90.00%)
DCG Cables	100	25 (25%)	Listed @90.00 (-10.00%)
Teerth Gopicon	111	3 (2.7%)	Listed @125.00 (12.61%)

Emmforce Autotech IPO Objectives

The funds raised through the IPO will be utilized for:

Investment in a Subsidiary Company, i.e., Emmforce Mobility Solutions Private Limited (EMSPL), for working capital and margin money for term loan requirements.
To Meet the Working Capital Requirements of the company.
General Corporate Purpose.

Emmforce Autotech IPO Key Details

Emmforce Autotech IPO Open Date: April 23, 2024
Emmforce Autotech IPO Close Date: April 25, 2024
Emmforce Autotech IPO Size: Approximately ₹53.90 crores, 5,499,600 Equity Shares
Face Value: ₹10 Per Equity Share
Emmforce Autotech IPO Price Band: ₹93 – ₹98 Per Equity Share
Emmforce Autotech IPO Listing on: BSE SME IPO
Retail Quota: 35% of the net offer
QIB Quota: 50% of the net offer
NII Quota: 15% of the net offer

Emmforce Autotech IPO Timeline

Emmforce Autotech IPO Open Date: April 23, 2024
Emmforce Autotech IPO Close Date: April 25, 2024
Basis of Allotment: April 26, 2024
Refunds: April 29, 2024
Credit to Demat Account: April 29, 2024
Emmforce Autotech IPO Listing Date: April 30, 2024

How to Apply for Emmforce Autotech IPO

Investors can apply for the Emmforce Autotech IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the BSE website.

Emmforce Autotech Financial Performance (in Crores)

Year 2021: Revenue ₹51.85, Expense ₹43.60, PAT ₹5.09
Year 2022: Revenue ₹71.38, Expense ₹60.17, PAT ₹7.33
Year 2023: Revenue ₹48.75, Expense ₹41.98, PAT ₹4.39
October 2023: Revenue ₹5.19, Expense ₹4.59, PAT ₹0.44

Emmforce Autotech Valuation FY2024

Earning Per Share (EPS): ₹2.93 per Equity Share
Price/Earning P/E Ratio: [Not Available]
Return on Net Worth (RoNW): 18.71%
Net Asset Value (NAV): ₹15.63 per Equity Share

Emmforce Autotech Peer Group

Divgi Torqtransfer Systems Ltd

Emmforce Autotech Company Promoters

Mr. Ashok Mehta
Mrs. Neetu Mehta
Mr. Azeez Mehta

Emmforce Autotech IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: emmforce.ipo@linkintime.co.in

Emmforce Autotech IPO Allotment Status Check

Check the Emmforce Autotech IPO allotment status on the Link Intime India website.

Emmforce Autotech IPO Allotment Link

Check the Emmforce Autotech IPO allotment on the ipogmp.org website.

Emmforce Autotech IPO Lead Managers (Merchant Bankers)

Beeline Capital Advisors Pvt Ltd

Emmforce Autotech Company Address

Plot No. 287, Industrial Area, Phase II Industrial Estate
Panchkula,Haryana-134113
India
Website: http://www.emmforce.com/
Phone: +91- 9876009999
Email: info@emmforce.com

Emmforce Autotech IPO FAQs

What is Emmforce Autotech IPO?

Emmforce Autotech IPO is an BSE SME IPO. They are going to raise ₹53.90 crores via IPO. The issue is priced at ₹93 – ₹98 Per equity share. The IPO is to be listed on BSE.

When will the Emmforce Autotech IPO open?

The IPO is to open on April 23, 2024 for NII, and Retail Investors.

What is Emmforce Autotech IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

How to Apply for the Emmforce Autotech IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply Emmforce Autotech IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

How to Apply the Emmforce Autotech IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

How to Apply for the Emmforce Autotech IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

What is Emmforce Autotech IPO Size?

Emmforce Autotech IPO size is ₹53.90 crores.

What is Emmforce Autotech IPO Price Band?

Emmforce Autotech IPO Price Band is ₹93 – ₹98 Per equity share.

What is Emmforce Autotech IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 Shares with ₹117,600.

What is Emmforce Autotech IPO Allotment Date?

Emmforce Autotech IPO allotment date is April 26, 2024.

What is Emmforce Autotech IPO Listing Date?

Emmforce Autotech IPO listing date is April 30, 2024. The IPO to list on BSE SME IPO.

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