What is the fresh issue size of the Emmforce Autotech Limited IPO?
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The fresh issue size of Emmforce Autotech Limited IPO aggregates up to 55,00,000 equity shares.
Emmforce Autotech Limited will go public soon with the launch of its IPO. The exporter and manufacturer of drivetrain parts of racing vehicles aim to raise around Rs. 53.90 crores. The company has a plan to utilise the raised funds from the IPO for meeting the working capital requirement and other corporate purposes. The IPO will be closed on 25th April, 2024. However, the allotment of shares will begin on 26th April, 2024.
To get detailed insights into the company, you review the Draft Red Herring Prospectus that it filed with the Securities and Exchange Board of India. You can also keep reading this blog, as an alternative, to know more about the upcoming IPO.
The company will launch its IPO on 23rd April 2024 and close on 25th April 2024. Here is a complete detail of Emmforce Autotech Limited IPO:
IPO Open Date | April 23, 2024 |
IPO Close Date | April 25, 2024 |
IPO Listing Date | April 30, 2024 |
Face Value | Rs. 10 per share |
Price Band | Rs. 93 to Rs. 98 per share |
Total Issue Size | 54,99,600 shares (aggregating up to Rs. 53.90 crore) |
Lot Size | 1,200 Shares |
Fresh Issue | 54,99,600 shares (aggregating up to Rs. 53.90 crore) |
Issue Type | Book Built Issue IPO |
Listed At | BSE SME |
The founders Mr Ashok Mehta and Mrs Neetu Mehta started Emmforce Autotech Limited as a partnership firm. It turned into a public limited company in 2023. The headquarters of the company is located in Haryana while the manufacturing unit is located in Himachal Pradesh, India.
The company specialises in manufacturing automotive drivetrain parts such as gear shifters, yokes, differential housings, differential covers, differential spools, etc. with special emphasis on 4-wheel drive and racing vehicles. It provides innovative design and automotive parts to customers. This makes it unique from other manufacturers in India.
Emmforce places additional focus on engineering components to manufacture new automotive parts in much less time. It offers engineering services ranging from development to implementation of products.
Emmforce Autotech Limited IPO will start on April 23, 2024. Here is a detailed overview of this IPO:
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 |
Additional Read: How to Invest in an IPO Online
IInvestors can bid for a minimum of 1,200 shares and in multiples thereafter. Here is the table showcasing the investment limits of retail investors and HNIs in terms of shares and amounts.
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 1,200 | Rs. 1,17,600 |
Retail (Max) | 1 | 1,200 | Rs. 1,17,600 |
HNI (Min) | 2 | 2400 | Rs. 2,35,200 |
The table below depicts the important financial metrics of Emmforce Autotech Limited:
Particulars | For the financial year ending (in ₹ million) | ||
March 31, 2023 | March 31, 2022 | March 31, 2021 | |
Total Assets | 4,895.40 | 5,257.36 | 3,384.41 |
Total Liabilities | 3,486.1 | 3,128.27 | 1,859.58 |
Total Revenue | 4,875.32 | 7,138.13 | 5,185.32 |
Total Expenses | 4.197.62 | 6,017.39 | 4,359.64 |
Profit After Tax | 438.85 | 732.58 | 508.91 |
EBITDA | 955.04 | 1,295.87 | 986.59 |
Additional Read: Upcoming IPOs in May 2024
While investing in an IPO, you must be aware of its strengths. Here are some noteworthy strengths of Emmforce Autotech Limited that you must know about:
Besides strengths, you must be aware of the risks associated with Emmforce Autotech Limited's IPO. The risks are highlighted as follows:
Additional Read: Difference Between NFO and IPO
If you are planning to invest in Emmforce Autotech IPO, make sure to go through the Red Herring Prospectus (RHP) and make an informed decision. Till this IPO gets launched, you can visit its official website and look into the updated information about the company. Moreover, you can create a demat and trading account before you start your investment journey.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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The fresh issue size of Emmforce Autotech Limited IPO aggregates up to 55,00,000 equity shares.
Beeline Capital Advisors Private Limited is the book-running lead manager of Emmforce Autotech Limited IPO.
Mr. Ashok Mehta and Mrs. Neetu Mehta are the selling shareholders of Emmforce Autotech Limited IPO.
Link Intime India Private Limited is serving as the registrar of Emmforce Autotech Limited IPO.
The equity shares of Emmforce Autotech Limited IPO are set to be listed on the Bombay Stock Exchange for Small and Medium Enterprises.
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