Emmforce Autotech Limited will go public through an initial public offering soon. The manufacturer and exporter of drivetrain parts for racing vehicles plans to raise ₹53.90 crores. Interested investors can read the article to acquire every detail of the Emmforce Autotech Limited IPO.
Emmforce Autotech Limited IPO
Emmforce Autotech Limited will open an IPO for subscription on 23 April 2024. According to the announcement, the company intends to utilize the funds from the IPO to invest in Emmforce Mobility Solutions Private Limited (EMSPL), to meet the company’s working capital requirement, and other general corporate purposes.Â
Emmforce Autotech Limited’s IPO will close on 25 April 2024. The allotment of the IPO shares after the issue will commence on 26 April 2024.Â
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The initiation of refunds for the subscribed shares that did not get allotted to the applicants in the allotment will proceed on 29 April 2024.
The plans to list the shares on the BSE SME after the IPO on 30 April 2024. Investors must mark the following dates of Emmforce Autotech Limited IPO:
| Date | Emmforce Autotech Limited IPO Events |
| 23 April 2024 | IPO Opens |
| 25 April 2024 | IPO closes |
| 26 April 2024 | Allotment of IPO |
| 29 April 2024 | Refund Initiation |
| 30 April 2024 | Listing Date |
| 25 April 2024 | UPI Mandate Confirmation |
Emmforce Autotech Limited IPO DetailsÂ
Emmforce Autotech Limited’s IPO fresh issue comprises 54,99,600 equity shares with a face value of ₹10 per share.Â
The price band of the book-built issue is fixed at ₹93 to ₹98 per equity share. According to the company’s IPO prospectus, the minimum lot market size of shares for applications is 1200 shares.Â
The registrar of Emmforce Autotech Limited decided after the IPO pitch is Link Intime India Private Limited and the book-running lead manager is Beeline Capital Advisors Private Limited.Â
The market maker of Emmforce Autotech, Spread X Securities holds 5% (276,000) of issue shares.Â
The promoters of Emmforce Autotech Limited – Mrs. Neetu Mehta, Mr. Ashok Mehta, and Mr. Azees Mehta held 100% of the shares before the issue, which will be diluted to 73.17% after the IPO issue. Â
| Company | Emmforce Autotech Limited |
| IPO Type | Book Built Issue |
| IPO issue Size | 54,99,600 shares (matches up to ₹53.90 Crore) |
| Face Value | ₹10 per equity share |
| Price Band | ₹93 to ₹98 per equity share |
| Lot Size | 1200 |
| Fresh Issue | 54,99,600 shares (matches up to ₹53.90 Crore) |
| OFS | Nil |
| Listing at | BSE SME |
| Market Maker Shares | 5.01% (276,000 shares) |
Emmforce Autotech Limited IPO Reservation and Lot Size
Emmforce Autotech Limited has reserved the shares offered to the investor category in the following distribution:
| Investor Category | Shares Offered |
| Qualifies Investors Buyers | Not more than 50% of the net issue |
| Retail | Not less than 35% of the offered shares |
| Non-Institutional Investors (HNI) | Not less than 15% of the offered shares |
The minimum lot size of the Emmforce Autotech Limited IPO is 1200 shares in one slot, which gets multiplied by slots. The retail investor would need a minimum investment of ₹117,600 to bid for the shares of Emmforce Autotech Limited in one slot.
Here’s the distribution of shares, lots, and amounts of the upcoming Emmforce Autotech Limited IPO for the maximum and minimum investment by the investors:
| Investor Category | Lots | Shares | Amount |
| Retail (min.) | 1 | 1200 | ₹117,600 |
| Retail (max.) | 1 | 1200 | ₹117,600 |
| HNI (min.) | 2 | 2400 | ₹235,200 |
Emmforce Autotech Limited Financial StatementÂ
Emmforce Autotech Limited engages in the manufacturing business of automotive drivetrain parts mainly of 4WD and racing vehicles. The company has been involved in exports and made its name in the Indian automotive market.Â
According to the company’s financial statement, the revenue of the company has declined by -31.7% and PAT got down by -40.1% between 31 March 2022 and 32 March 2023.Â
Here’s the financial information of Emmforce Autotech Limited:
| Financial Indicators | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Revenue | 4790.31 | 4875.32 | 7138.13 |
| Net Worth | 1500 | 2344.95 | 2129.09 |
| PAT | 511.78 | 438.85 | 732.58 |
| Assets | 5597.13 | 4895 | 5257.36 |
| Total Borrowing | 2404.25 | 1535.43 | 1651.09 |
| Reserves and Surplus | 43.72 | – | – |
The market capitalization of Emmforce Autotech is ₹200.9 crore with a PAT margin of 8.42%. Investors looking to invest in Emmforce Autotech can apply for the IPO from 23 April 2024 to 25 April 2024. Investors should do their own research about Emmforce Autotech to make well-informed investment decisions.Â
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