Emmforce Autotech Limited IPO is set to launch on 23 April, 2024. The company initiated its business operations in the year 2012. It is involved in the business of manufacturing drivetrain parts for niche vehicles. Its product portfolio includes differential locks, differential housings, differential covers, spindles, 4WD locking hubs, gear shifters, axles and shafts, differential spools, yokes, differential tools etc. The company also exports the products it manufactures. Its manufacturing facility is located in Himachal Pradesh and it has an employee base of 128 people.
Emmforce Autotech Limited IPO DETAILS
Emmforce Autotech Limited IPO is set to launch on 23 April, 2024. The subscription timeline extends till 25 April, 2024. The size for the IPO is 53.90 Crore Rs. Shares issued through fresh issue mode are worth Rs 53.90 Crore. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 93 Rs to 98 Rs per share. The company is going to get listed on NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Emmforce Autotech Limited IPO
| IPO OPENING DATE | 23 April, 2024 |
| CLOSING DATE FOR IPO | 25 April, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 93 Rs to 98 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 53.90 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 53.90 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 30 April, 2023 |
Emmforce Autotech Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 23 April, 2024 |
| CLOSING DATE FOR IPO | 25 April, 2024 |
| IPO ALLOTMENT DATE | 26 April, 2024 |
| REFUNDS | 29 April, 2024 |
| DEMAT A/C CREDITED ON | 29 April, 2024 |
| IPO LISTING DATE | 30 April, 2024 |
Emmforce Autotech Limited IPO begins for subscription from 23 April, 2024. The IPO subscription would continue till 25 April, 2024. The allotment status for the shareholders who applied would come on 26 April, 2024. The refunds for the ones who did not get allotment would be initiated on 29 April, 2024. The DEMAT accounts of shareholders would be credited on 29 April, 2024. The listing of the company would be completed on 30 April, 2024.
Emmforce Autotech Limited IPO : Lead Managers
The lead managers are :
- Beeline Capital Advisors Private Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 117600 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 235200 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 117600 Rs. |
| Maximum | 2400 shares | 235200 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The IPO money will be used for investment into the subsidiaries of the company for working capital requirement and margin money for term loan of the same company.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 3384 | 5257 | 4895 |
| Revenue | 5185 | 7138 | 4875 |
| PAT | 508 | 732 | 438 |
Emmforce Autotech Limited had an asset base of 3384 Lakh Rs in the year 2021. The Thai currency increased to 5257 Lakh Rs in 2022. However in the year 2023 the asset base of the company decreased to 4895 Lakh Rs. The revenue of the firm was 5185 lakh Rs in 2021 which increased to 7138 lakh Rs in the year 2022. However in 2023 the revenue of the firm decreased to 4875 Lakh Rs. The profit of the firm was 508 Lakh Rs in 2021 which increased to 732 Lakh Rs in 2022. However the profit of the firm decreased to 438 Lakh Rs in the year 2023.
PROS
- Its product portfolio includes differential locks, differential housings, differential covers, spindles, 4WD locking hubs, gear shifters, axles and shafts, differential spools, yokes, differential tools etc.
- The company also exports the products it manufactures. Its manufacturing facility is located in Himachal Pradesh and it has an employee base of 128 people.
Emmforce Autotech Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Ramdeobaba Solvent Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
