Electro Force (India) Ltd

Capital Goods - Electrical Equipment

Offer Period :

19th to 12th Dec 2023

Established in 2010, Electro Force (India) Limited specializes in designing and manufacturing electrical components and metal/plastic contact parts for India's electronics, lighting, switchgear, and related industries. Read more... Operating from a leased facility in Vasai, Maharashtra, the company offers a range of services, including quality testing, packaging, assembly, and logistics.Read less

Electro Force (India) Ltd IPO Details

IPO Date 19th to 12th Dec 2023 Minimum Investment ₹111600 / 1 Lots
Listing Date 2023-12-27 Maximum Investment ₹111600 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹80.68 Crores
Price ₹93 to ₹93 per share Fresh Issue ₹55.8 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 24.88
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 19th to 12th Dec 2023
Listing Date 2023-12-27
Face Value ₹10 per share
Price ₹93 to ₹93 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹111600 / 1 Lots
Maximum Investment ₹111600 / 1 Lots
Total Issue Size ₹80.68 Crores
Fresh Issue ₹55.8 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

19th Dec

IPO Starts

21st Dec

IPO Ends

22nd Dec

Allotment Date

26th Dec

Initiation of Refund

26th Dec

Credit of Shares to Demat Account

27th Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.98 62.91
Public Group 0.02 37.09

Electro Force (India) Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 4119600(47.49%)
Retail Shares Offered 4119600(47.49%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 8674800
Total Shares With Anchor Investor 8674800

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Electro Force (India) Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number +91-11-40450193/97
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

Electro Force (India) Ltd IPO Lead Manager

1. First Overseas Capital Ltd

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Electro Force (India) Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Electro Force (India) Ltd

1. Experienced Management team.

2. High standard of product quality and customer service.

3. In-house R&D, tool room and continuous new product development.

4. Offering a variety of products to meet the needs of different customers.

Risks Involved

1. There are certain outstanding legal proceedings involving the Company, Promoters and Directors. Any failure to defend these proceedings successfully may have an adverse effect on its financial conditions, business, reputation and result of ongoing operations.

2. The company depends on the expertise of its management, KMPs and skilled employees; the company results of operations may be adversely affected by the departure of its management, KMPs and experienced employees.

3. The company is into the business of selling products on B2B basis to few customers. If its customers choose not to source their requirements from it, there may be a material adverse effect on its business and operations.

4. The Company does not own premises where the registered office of the company and manufacturing unit is situated.

5. The markets in which its customers compete are characterized by consumers and their rapidly changing preferences, advancement in technology and other related factors including lower manufacturing costs and therefore as a result the Company may be affected by any disruptions in the industry.

6. The company's business is working capital intensive and its inability to borrow funds to meet the company working capital requirements may materially and adversely affect its business and operations.

7. Any variation in the utilization of the Net Proceeds as disclosed in this Draft Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.

8. Reliance has been placed on declarations and an affidavit furnished by Whole time Director Saideep Shantaram Bagale, Non-Executive Director Santosh Palaria and Chief Financial Officer Chandrashekhar Meher, for details of their profile included in this Draft Prospectus.

9. The company's business operations may be disrupted by an interruption in power supply which may impact its business operations.

10. The company has not yet applied for the registration of its logo. If the company fail to obtain registration its brand building efforts may be hampered which might lead to adverse effect on its business.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Electro Force (India) Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-12-27 91922 EFORCE
INE0Q1W01012
₹93 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹93 ₹93
Open ₹0 ₹100
Low ₹0 ₹95.1
High ₹0 ₹105
Low ₹0 ₹95.1

Frequently Asked Questions

What is Electro Force (India) Ltd IPO?

Answer Field

Electro Force (India) Ltd IPO is a SME IPO of 86,74,800 equity shares of a face value of ₹10 aggregating up to ₹80.68 Crores. The issue is priced at ₹93 to ₹93 per share. The minimum order quantity is 1200 Shares. The IPO opens on December 19, 2023, and closes on December 21, 2023. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Electro Force (India) Ltd IPO will open?

Answer Field

The Electro Force (India) Ltd IPO opens on December 19, 2023 and closes on December 21, 2023.

What is the lot size of Electro Force (India) Ltd?

Answer Field

Electro Force (India) Ltd lot size is 1200 shares, and the minimum amount required is ₹1,11,600.

How to apply for Electro Force (India) Ltd IPO?

Answer Field

You can apply in Electro Force (India) Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Electro Force (India) Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Electro Force (India) Ltd IPO will be done on December 22, 2023, and the allotted shares will be credited to your demat account by December 26, 2023.

When is Electro Force (India) Ltd IPO listing date?

Answer Field

The Electro Force (India) Ltd listing date is December 27, 2023.

Who is the registrar of Electro Force (India) Ltd IPO?

Answer Field

The registrar of Electro Force (India) Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

First Overseas Capital Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Electro Force (India) Ltd IPO?

Answer Field

The fresh issue size is ₹55.8 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Electro Force (India) Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,11,600 amount.

How can I approve the UPI mandate request for Electro Force (India) Ltd IPO?

Answer Field

To apply for Electro Force (India) Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Electro Force (India) Ltd?

Answer Field

The price of each Electro Force (India) Ltd share will be ranging in between ₹93 to ₹93 per share.

What is the cut-off time for the UPI mandate for Electro Force (India) Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 21, 2023.

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