Electro Force India is scheduled to hit the market on December 19 , 2023 and close on December 21, 2023.
Electro Force India plans to raise around ₹80.68 Cr through an IPO with a sale of up to 8,674,800 equity shares of ₹10 each. The Retail offered 50%, Other Offered 50%.
Established in 2010, Electro Force (India) Limited specializes in the design and manufacturing of electrical components and metal/plastic contact parts catering to India's electronics, lighting, switchgear, and allied industries. The company excels in producing stamping components and plastic parts through metal stamping, injection molding, and insert molding processes.
Electro Force's product portfolio encompasses a wide range, including components for electrical MCBs (Miniature Circuit Breakers), 63A electrical manual transfer switches, electrical MCCBs & RCBs, brushless DC motors for medical devices/aerospace/defense and automation, electrical motor starters, Electrical Control Gears, and electrical switches. With a focus on precision and quality, Electro Force serves various sectors requiring reliable electrical components.
Electro Force India IPO Details
Electro Force India IPO opens on Dec 19 , 2023, and closes on Dec 21 , 2023. The Listing date for
Electro Force India IPO is on Dec 27, 2023. The price band for IPO is ₹93 per share and lot size of 1200 Shares.
| IPO Date | Dec 19 , 2023 to Dec 21, 2023 |
| Listing Date | Dec 27, 2023 |
| Price | ₹93 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹80.68 Cr |
| Face Value | ₹10 per share |
Electro Force India IPO Tentative Timetable
Electro Force India opening date is December 19, 2023 and close date is December 21, 2023. The IPO allotment date is December 22, 2023. The refund initiation of IPO is on December 26, 2023. The credit of shares in demat account is on December 26, 2023. The listing date is on December 27 , 2023.
| Event | Date |
|---|---|
| IPO Opening | Dec 19, 2023 |
| IPO Closing | Dec 21, 2023 |
| IPO Allotment Date | Dec 22, 2023 |
| Refund Initiation | Dec 26, 2023 |
| Shares Credit to Demat | Dec 26, 2023 |
| Lisiting Date | Dec 27, 2023 |
Electro Force India IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹111,600).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹111,600 |
| Retail(Maximum) | 1 | 1200 | ₹111,600 |
| HNI (Minimum) | 2 | 2400 | ₹223,200 |
Electro Force India IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 62.93% |
Electro Force India IPO Review
The financial review reveals a -12.04% decrease in revenue and a -7.48% drop in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2022. The factors contributing to this decline need thorough examination during the IPO review process, including market dynamics, competition, and any strategic shifts the company may have undertaken.
Key financial indicators are instrumental in gauging the company's financial health. A Price-to-Earnings (P/E) ratio of 20.22, Post P/E of 15.3, Market Cap of ₹217.62 Crores, Return on Equity (ROE) at 43.57%, Return on Capital Employed (ROCE) of 58.23%, Earnings Per Share (EPS) of ₹4.6, and Return on Net Worth (RoNW) at 43.57% provide insights into the company's valuation and profitability.
For potential investors, a comprehensive IPO review should delve into Electro Force (India) Limited's business strategies, client relationships, plans for expansion, and measures taken to address the challenges leading to the recent decline in financial performance. Understanding the competitive landscape and market trends in the industry would further enhance the evaluation process.
Electro Force India IPO Subscription Status (Bidding Details)
No IPO ID provided. Check if the "ipo-subscription" field is set for this post.Electro Force India IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Electro Force India IPO FAQs
What is Electro Force India IPO?
Electro Force India is issuing 8,674,800 equity shares with a face value of 10 each, totaling up to ₹80.68 Cr. The shares are being offered at a price of ₹93 each, with a minimum order quantity of 1200 shares.
Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Electro Force India IPO will open?
Electro Force India will open on December 19 , 2023 for QIB, NII, and Retail Investors.
When Electro Force India IPO will end?
Electro Force India will end on December 21, 2023.
What is Electro Force India IPO Size?
Electro Force India IPO size is ₹80.68 Cr.
What is Electro Force India IPO Price Band?
Electro Force India price band is ₹93 per share.
What is the Electro Force India IPO Allotment Date?
Electro Force India allotment date is December 22, 2023.
What is the Electro Force India IPO Listing Date?
Electro Force India listing date is December 27, 2023. The IPO is to be listed on BSE and NSE.
How to Apply Electro Force India IPO through Zerodha?
To apply for the IPO “Electro Force India” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Electro Force India IPO through Upstox?
To apply for the IPO “Electro Force India” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Electro Force India IPO Allotment Status?
For Electro Force India IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Electro Force India IPO GMP?
You can check out here: Electro Force India IPO GMP
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