Emmforce Autotech is scheduled to hit the market on April 23, 2024 and close on April 25, 2024. Emmforce Autotech plans to raise around ₹53.90 Cr through an IPO with a sale of up to 5,499,600 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Emmforce Autotech Limited, established in 2012, specializes in manufacturing and exporting drivetrain parts for specialized vehicles. Their product range includes a variety of differential components, gear shifters, axles, and other forged/cast parts tailored for 4WD and high-performance racing vehicles. The company boasts strengths such as engineering excellence, offering a comprehensive range of drivetrain parts, maintaining strict quality standards, fostering long-standing customer relationships, implementing a scalable business model, and being supported by an experienced management team. Situated in Baddi, Himachal Pradesh, their manufacturing facility is the hub of their operations, with 128 employees as of October 31, 2023.
With a focus on research, design, and development, Emmforce Autotech Limited's commitment to quality and customer satisfaction sets them apart in the industry. Their ability to provide end-to-end solutions for drivetrain parts, combined with their expertise in materials and processes, ensures they meet the diverse needs of their clientele. Leveraging their seasoned management team and established customer base built over two decades, the company continues to thrive by optimizing resources and fostering innovation through close collaboration with their development team. Emmforce Autotech Limited stands as a reliable provider of drivetrain solutions for niche vehicles, positioning themselves as a key player in the market.
Emmforce Autotech IPO Details
Emmforce Autotech IPO opens on April 23, 2024, and closes on April 25, 2024. The Listing date for Emmforce Autotech IPO is on April 30, 2024. The price band for IPO is ₹93 to ₹98 per share and lot size of 1200 Shares.
| IPO Date | April 23, 2024 to April 25, 2024 |
| Listing Date | April 30, 2024 |
| Price | ₹93 to ₹98 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹53.90 Cr |
| Face Value | ₹10 per share |
Emmforce Autotech IPO Tentative Timetable
Emmforce Autotech opening date is April 23, 2024 and close date is April 25, 2024. The IPO allotment date is April 26, 2024. The refund initiation of IPO is on April 29, 2024. The credit of shares in demat account is on April 29, 2024. The listing date is on April 30, 2024.
| Event | Date |
|---|---|
| IPO Opening | April 23, 2024 |
| IPO Closing | April 25, 2024 |
| IPO Allotment Date | April 26, 2024 |
| Refund Initiation | April 29, 2024 |
| Shares Credit to Demat | April 29, 2024 |
| Lisiting Date | April 30, 2024 |
Emmforce Autotech 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 ₹117,600).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹117,600 |
| Retail(Maximum) | 1 | 1200 | ₹117,600 |
| HNI (Minimum) | 2 | 2400 | ₹235,200 |
Emmforce Autotech IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.17% |
Emmforce Autotech IPO Review
Emmforce Autotech, a company known for its engineering excellence and one-stop solutions for drivetrain parts, recently launched its Initial Public Offering (IPO) with a market capitalization of Rs 200.9 Cr. The IPO comes at a time when the company has shown a decrease in revenue by -31.7% and profit after tax (PAT) by -40.1% between March 2022 and March 2023. Despite this, Emmforce Autotech Limited boasts a scalable business model, strict quality standards, and two decades of strong customer relationships contributing to regular orders.
Key Performance Indicators (KPIs) as of October 31, 2023, reveal a Return on Net Worth (RoNW) of 2.83, Price-to-Book Value (P/BV) of 9.52, and a PAT Margin of 8.42%. The Pre-IPO and Post-IPO metrics show an increase in Earnings Per Share (EPS) from Rs 2.93 to Rs 4.28 and a decrease in Price-to-Earnings ratio (P/E) from 33.5 to 22.9 post-issue. The company plans to utilize the net proceeds from the IPO for investments in subsidiary companies, meeting working capital requirements, and general corporate purposes, reflecting a strategic approach to future growth and expansion.
Investors considering Emmforce Autotech Limited IPO should weigh the company's strengths such as its experienced management team, quality assurance measures, and established customer base against recent financial performance trends. With a focus on innovation and leveraging existing resources efficiently, Emmforce Autotech Limited aims to navigate market challenges and capitalize on growth opportunities in the automotive sector. Overall, the IPO presents an opportunity to invest in a company with a solid foundation and a vision for sustainable development in the industry.
Emmforce Autotech IPO Subscription Status (Bidding Details)
Table not foundEmmforce Autotech 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
Emmforce Autotech IPO FAQs
What is Emmforce Autotech IPO?
Emmforce Autotech is issuing 5,499,600 equity shares with a face value of ₹10 each, totaling up to ₹53.90 Cr. The shares are being offered at a price of ₹93 to ₹98 each, with a minimum order quantity of 1200 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Emmforce Autotech IPO will open?
Emmforce Autotech will open on April 23, 2024 for QIB, NII, and Retail Investors.
When Emmforce Autotech IPO will end?
Emmforce Autotech will end on April 25, 2024.
What is Emmforce Autotech IPO Size?
Emmforce Autotech IPO size is ₹53.90 Cr.
What is Emmforce Autotech IPO Price Band?
Emmforce Autotech price band is ₹93 to ₹98 per share.
What is the Emmforce Autotech IPO Allotment Date?
Emmforce Autotech allotment date is April 26, 2024.
What is the Emmforce Autotech IPO Listing Date?
Emmforce Autotech listing date is April 30, 2024. The IPO is to be listed on BSE and NSE.
How to Emmforce Autotech IPO through Zerodha?
To apply for the IPO “Emmforce Autotech” 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 Emmforce Autotech IPO through Upstox?
To apply for the IPO “Emmforce Autotech” 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 Emmforce Autotech IPO Allotment Status?
For Emmforce Autotech IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Emmforce Autotech IPO GMP?
You can check out here: Emmforce Autotech IPO GMP