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Emmforce Autotech Limited IPO
Emmforce Autotech Ltd. (EAL) is an Indian Automotive components manufacturing company, it produces niche automotive drivetrain parts like 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. Emmforce Autotech IPO is a book built issue of Rs 53.90 crores. The issue is entirely a fresh issue of 55 lakh shares. Emmforce Autotech IPO price band is set at ₹93 to ₹98 per share. The minimum lot size for an application is 1200 Shares. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Emmforce Autotech IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Emmforce Autotech IPO is Spread X Securities.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Emmforce Autotech Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Emmforce Autotech Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | April 23, 2024 to April 25, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹93 to ₹98 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,499,600 shares (aggregating up to ₹53.90 Cr) |
| Fresh Issue | 5,499,600 shares (aggregating up to ₹53.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 15,000,000 |
| Share holding post issue | 20,499,600 |
| Market Maker portion | 276,000 shares Spread X Securities |
Emmforce Autotech Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, April 23, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
Emmforce Autotech Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹117,600 |
| Retail (Max) | 1 | 1200 | ₹117,600 |
| HNI (Min) | 2 | 2,400 | ₹235,200 |
Emmforce Autotech Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| - | - |
Competitive Strength:
- -
Emmforce Autotech Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Oct 2023 | 5,597.13 | 4,790.31 | 511.78 | 1,500.00 | 2,404.25 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 4,895.40 | 4,875.32 | 438.85 | 2,344.95 | 1,535.43 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 5,257.36 | 7,138.13 | 732.58 | 2,129.09 | 1,651.09 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 3,384.41 | 5,185.32 | 508.91 | 1,524.82 | 501.70 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 2.83 |
| P/BV | 9.52 |
| PAT Margin (%) | 8.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Objectives of the Issue
The company intends to utilize the net proceeds of the Issue to meet the following objectives:
- 1. Investment in a Subsidiary Company i.e. Emmforce Mobility Solutions Private Limited (EMSPL) in the form of equity or debt for meeting the requirement of working capital and margin money for term loan of the Subsidiary Company.
- 2. To Meet the Working Capital Requirements of the company.
- 3. General Corporate Purpose.
Emmforce Autotech IPO review
The company is involved in manufacturing of automotive drivetrain parts. It posted growth in top and bottom lines for FY21 and FY22, but marked de-growth for FY23 following piled up inventories with its clients. It is back on track as expressed by 7M-FY24 earnings. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards.
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Frequently asked Questions (FAQs )
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Why Emmforce Autotech IPO?
The initial public offer (IPO) of Emmforce Autotech Limited offers an early investment opportunity in Emmforce Autotech Limited. A stock market investor can buy Emmforce Autotech IPO shares by applying in IPO before Emmforce Autotech Limited shares get listed at the stock exchanges. An investor could invest in Emmforce Autotech IPO for short term listing gain or a long term.
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When will Emmforce Autotech IPO list?
The Emmforce Autotech IPO list date is not yet available. The Emmforce Autotech IPO is planned to list on April 30, 2024, at BSE SME.
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When will Emmforce Autotech IPO allotment status?
The Emmforce Autotech IPO allotment status will be available on or around April 26, 2024. The allotted shares will be credited in demat account by April 29, 2024.
