Electro Force (India) Ltd IPO allotment finalized: A Step-by-Step Guide to Checking Your Status in 6 Simple Steps

Electro Force (India) Ltd IPO allotment:

If you've applied for the Electro Force (India) Ltd IPO, you're likely eager to know the allocation status. Well, the wait is over! The allotment process has been completed, and now you can easily check how many shares you've been allotted. You can do this by visiting the Skyline Financial Services Pvt registrar website. Moreover, for those who didn't receive an allotment, rest assured, the refund process has also been finalized.

Electro Force (India) Ltd IPO allotment date:

The allotment date for the Electro Force (India) Ltd IPO has been confirmed, and allotments have been finalized. Investors who applied for the issue can now verify their allotment status on the registrar portal designated for Electro Force (India) Ltd IPO, managed by Skyline Financial Services Pvt. You can discover the number of shares allotted to you through the registrar's website. Additionally, the company has concluded the refund process for investors who were not allotted shares. The subscription period for Electro Force (India) Ltd IPO commenced on December 19, 2023, and concluded on December 21, 2023.

Electro Force (India) Ltd IPO subscription:

On the third day of subscription, the Electro Force (India) Ltd IPO witnessed [-] times subscription. The listing date is scheduled on December 27, 2023. Investors can ascertain their share allocation through the basis of allotment process and check their allotment status. For those who were not allocated shares, the refund process will commence on December 26, 2023. Those allotted shares will receive them in their demat accounts on [-]. The listing date for Electro Force (India) Ltd IPO is confirmed to be December 27, 2023.

Electro Force (India) Ltd IPO: How to check allotment status?

If you've applied for the Electro Force (India) Ltd IPO, you can easily check your allotment status on the Skyline Financial Services Pvt website. Here's a simple guide to check your allotment status:

  • Go to the Skyline Financial Services Pvt website.
  • Select the Electro Force (India) Ltd IPO from the dropdown menu.
  • Choose either your Application Number, Demat Account, or PAN to proceed.
  • Select your application type as ASBA or non-ASBA.
  • Provide the required details based on your selection in the previous step.
  • Complete the Captcha verification.
  • Click on the submit button to view your allotment status.

How to check Electro Force (India) Ltd IPO allotment status on BSE:

  • Navigate to the allotment page on the official BSE website via this link: https://www.bseindia.com/investors/appli_check.aspx
  • In the 'Issue Type' section, opt for 'Equity' and pick the Electro Force (India) Ltd IPO from the dropdown menu labeled 'Issue Name'.
  • Enter either your PAN or application number, then click the 'Submit' button.

How to check Electro Force (India) Ltd IPO allotment status on NSE:

  • to NSE's official website using this link:https://www.nseindia.com/
  • Choose the 'Click here to sign up' option and complete the registration process using your PAN details.
  • Enter your username, password, and captcha code on the subsequent page.
  • Once logged in, navigate to the designated section to check the IPO allotment status.

Allocation quota for Electro Force (India) Ltd

The following table outlines the allocation quotas for different categories, detailing both the number of shares and the percentage of the total share capital raised. However, it's primarily the quotas for retail and HNI investors that are of significant interest.

Category of Investors Allocation of shares under IPO
Reservation for Employees 0 (0%)
Anchor Allocation 0 (0%)
QIB Shares Offered 0 (0%)
NII (HNI) Shares Offered 41,19,600 (47.49%)
Retail Shares Offered 41,19,600 (47.49%)
Total Shares Offered 86,74,800

Data Source: NSE-SME

Let's now examine how different categories of investors participated in placing their bids for the IPO of Electro Force (India) Ltd.

Subscription levels for Electro Force (India) Ltd

Next, let's delve into the level of subscription. The table below illustrates the degree of subscription for each category, along with the overall subscription for Electro Force (India) Ltd.

Category Subscription Status
Qualified Institutional Buyers (QIB) [-]
S (HNI) ₹2 lakhs to ₹10 lakhs [-]
B (HNI) Above ₹10 lakhs [-]
Non Institutional Investors (NII) [-]
Retail Individuals [-]
Employees [-]
Overall Subscription [-]

Data Source: NSE-SME

The QIB portion witnessed a subscription of [-] times, while the HNI/NII portion saw a subscription of [-] times. The Retail portion experienced a subscription of [-] times, culminating in an overall subscription of [-] times for the IPO.

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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