Emmforce Autotech IPO Details Today, GMP Price, Date, Review

Emmforce Autotech IPO GMP Today, Grey Market Premium

Emmforce Autotech IPO Details Today : Emmforce Autotech IPO is Open on 23 April 2024 and Close on 25 April 2024. Emmforce Autotech IPO to Raise 5,499,600 shares (Approx ₹53.90 Cr) via IPO. The Fresh Issue of 5,499,600 Shares (Approx ₹53.90 Cr). 

 

Emmforce Autotech IPO is an SME IPO and Listed on BSE SME. Emmforce Autotech Price Band is Fixed at ₹93 to ₹98 per ₹10 Equity Share. Emmforce Autotech IPO Lot Size is 1200 Shares.

 

Emmforce Autotech IPO Details Today : Emmforce Autotech is engaged in the business of manufacturing niche automotive drivetrain parts like Differential Housings, Differential Lockers, Differential Covers,4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, Differential Tools and various differential forged / cast parts primarily for 4-wheel Drive and performance racing vehicles. The company has been engaged in exports ever since its inception. We have established itself as a manufacturer of Drivetrain Parts in India and is one stop shop for quality cost competitive drivetrain parts and providing out-of-the-box solutions to its customers through designing and development of complex / special parts.

 

Huge inventory of tooling for forging and machining, jigs and fixtures for machining, extra focus on engineering gives Emmforce an edge over the competition to develop new parts in a much faster time than competition. Our company help to accelerate performance and improving profitability through faster product development, shorter lead time, on time delivery, comprehensive product range and competitive pricing.

Emmforce Autotech IPO Date & Price Band Details

IPO Open Date April 23, 2024
IPO Close Date April 25, 2024
IPO Size 5,499,600 shares (Approx ₹53.90 Cr)
Fresh Issue 5,499,600 shares (Approx ₹53.90 Cr)
Lot Size 1200 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹93 - ₹98 Per Every Share
IPO Listing On BSE SME
IPO Retail Quota 35%
IPO QIB Quota 50%
IPO NII Quota 15%
DRHP Draft Click Here
Anchor Investor Click Here

 

Emmforce Autotech IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 1200 ₹117,600
Retail Maximum 1 1200 ₹117,600
S-HNI Minimum 2 2400 ₹235,200

 

Object of the Offer

  1. Investment in Subsidiary Company i.e. Emmforce Mobility Solutions Private Limited (EMSPL) in form of equity or debt for meeting the requirement of working capital and margin money for term loan of Subsidiary Company.
  2. To Meet Working Capital Requirement of our Company.
  3. General Corporate Purpose.

Emmforce Autotech IPO Allotment & Listing Date (Details)

IPO Open Date 23 April 2024
IPO Close Date 25 April 2024
Basis of Allotment 26 April 2024
Refunds 29 April 2024
Credit to Demat Account 29 April 2024
IPO Listing Date 30 April 2024

 

Emmforce Autotech Financial Reports

₹ in Crores
Year Revenue Expense PAT
October 2023 ₹5.19 ₹4.59 ₹0.44
2023 ₹48.75 ₹41.98 ₹4.39
2022 ₹71.38 ₹60.17 ₹7.33
2021 ₹51.85 ₹43.60 ₹5.09

 

Our Company Promoters-

  • Mr. Ashok Mehta
  • Mrs. Neetu Mehta

 

Peer Competitors – Comparison

  • Divgi Torqtransfer Systems Ltd

 

Emmforce Autotech Lead manager

  • Beeline Capital Advisors Private Limited

 

Emmforce Autotech Company Contact Details

Plot No. 287, Industrial Area, Phase II Industrial Estate
Panchkula- 134113, Haryana, India
Tel. No.: +91- 9876009999
E-mail: info@emmforce.com
Website: www.emmforce.com

 

Emmforce Autotech IPO Registar

Link Intime India Private Limited
C-101, 1stFloor
247 Park, L.B.S. Marg
Vikhroli WestMumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: olaelectric.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan

 

About Emmforce Autotech-

We offer fully integrated engineering solutions from conceptualization, development and validation to implementation and manufacturing of our products. The conceptualization stage involves acquiring market intelligence, assessing customer requirement and formulating customized strategy for individual customers. The development phase includes product designing, material procurement and processing. This is followed by the validation phase, which involves prototyping, testing and feasibility analysis. Our in-house manufacturing and implementation competencies include forging, machining, fabrications, heat treatment, surface finish, logistics, quality and testing, design and validation.

 

Huge inventory of tooling for forging and machining, jigs and fixtures for machining, extra focus on engineering gives Emmforce an edge over the competition to develop new parts in a much faster time than competition. Our company help to accelerate performance and improving profitability through faster product development, shorter lead time, on time delivery, comprehensive product range and competitive pricing.

 

Our Chairman and Managing Director, Mr. Ashok Mehta who has 32 years of experience in this industry. Though a chartered accountant by education, he is the author of world’s first book ever written on axle shafts by the name of “The World around Axle Shafts”. He has been instrumental in determining the vision and growth strategies for our Company. We further believe that our market position has been achieved by adherence to the vision of our Promoters and senior management team and their experience in the industry in which our Company operates. Under their leadership we have been able to expand our operations and have established a significant presence in India and globally. We also have a qualified and experienced senior management team that has demonstrated its ability to anticipate and capitalize on changing market trends, manage and grow our operations and leverage
and deepen customer relationships.

 

For the period ended October 31, 2023 our Company’s Total Income and Restated Profit after tax were Rs. 519.24 Lakhs and Rs. 43.72 Lakhs and for the period ended October 13, 2023 the Total Income and Restated Profit after tax were Rs. 4271.07 Lakhs and Rs. 468.05 Lakhs. Further for the year ended March 31, 2023, our Company’s Total Income and Restated Profit after tax were Rs. 4875.32 Lakhs and Rs. 438.85 Lakhs. For the year ended March 31, 2022, our Company’s Total Income and Restated Profit after tax were Rs. 7138.13 Lakhs and Rs. 732.58 Lakhs, compared to our Company’s Total Income and Restated Profit after tax were Rs. 5185.32 Lakhs and Rs. 508.91 Lakhs respectively, over previous year ended i.e. March 31, 2021.

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