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Emmforce Autotech Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹98
Per Share
GMP
NIL
Grey Market
Est. Listing
₹98
Expected Price
Min. Application
₹235,200
2 lots × 1200 shares
IPO Issue Details
Issue Price / Price Band₹98 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size54,99,600 shares (aggregating up to ₹53.90 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 23 Apr 2024
Subscription CloseThu, 25 Apr 2024
Anchor AllotmentMon, 22 Apr 2024
Basis of AllotmentFri, 26 Apr 2024
Initiation of RefundsMon, 29 Apr 2024
Credit of Shares to DematMon, 29 Apr 2024
Listing DateTue, 30 Apr 2024
UPI Mandate Deadline2024-04-25
Application & Investment Details
Retail — Min (1 Lots)₹1,17,600 — 1,200 shares
Retail — Max (13 Lots)₹1,528,800 (13 Lots)
HNI — Min (2 Lots)₹2,35,200 — 2,400 shares
EPS (Pre-IPO)₹2.93
EPS (Post-IPO)₹4.28
P/E Ratio (Pre-IPO)33.5x
P/E Ratio (Post-IPO)22.9x
Net Offer to Public52,23,600 shares (aggregating up to ₹51.19 Cr)
Reserved for Market Maker2,76,000 shares (aggregating up to ₹2.70 Cr)
Pre-IPO Promoter Holding1,50,00,000 shares
Post-IPO Promoter Holding2,04,99,600 shares
About Emmforce Autotech Ltd

Emmforce Autotech Limited was founded in 2012 and is a manufacturer and exporter of drivetrain parts for niche vehicles.The company's product list includes differential housings, differential locks, differential covers, 4WD locking hubs, spindles, axles and shafts, gear shifters, yokes, differential spools, differential tools, and various forged/cast differential parts mainly for 4WD and high-performance racing vehicles.Competitive strengths:Engineering excellence: in-house research, design and development and in-depth knowledge of a wide range of materials and processesOne-stop solution for drivetrain partsQuality assurance and standards: Strict quality standards are followed and maintained throughout the process.Existing customer relationships: Two decades of good customer relationships contribute to the company receiving regular orders from its customers.Scalable business model: The company's business model is to make the best use of existing resources, create linkages with the development team's expertise, and achieve consistent customer satisfaction.Experienced management teamThe company's manufacturing facility is located in Baddi, Himachal Pradesh.As of October 31, 2023, the company employed 128 people.

Objects of the Issue

Emmforce Autotech Ltd proposes to utilise the net proceeds from the Issue for the following objects:

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.
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,50,00,000 shares
Post-IPO Promoter Holding 2,04,99,600 shares
Check AllotmentCheck Status →
Emmforce Autotech Ltd — Live Price LIVE
₹98.00
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Issue ₹98.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹98
GMPNIL
Est. Listing₹98
Lot Size1,200 shares
Min Amount₹235,200
Listing Date30 Apr 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹98
Listing Date30 Apr 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 276,000 ₹2.70 Cr
TOTAL 5,499,600 100.00% ₹53.90 Cr
* Based on ₹98.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,200
Shares
Issue Price
₹98.00
Per Share
Min Investment
₹117,600
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,200 ₹117,600
Retail (Max) 13 15,600 ₹1,528,800
sNII (Min) 14 16,800 ₹1,646,400
bNII (Min) 68 81,600 ₹7,996,800
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
Particulars31 Oct 202331 Mar 202331 Mar 2022
Revenue from Operations 4790.31 4875.32 7138.13
EBITDA N/A N/A N/A
Profit After Tax (PAT) 511.78 438.85 732.58
Net Worth 1500.00 2344.95 2129.09
Total Assets 5597.13 4895.40 5257.36
Reserves & Surplus 43.72 N/A N/A
Total Borrowings 2404.25 1535.43 1651.09
Key Ratios & Valuation
Issue Price ₹98
Face Value ₹10 Per Share
P/BV 9.52
RoE N/A
RoCE 2.83
RoNW N/A
PAT Margin (%) 8.42%
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Emmforce Autotech Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Plot No. 287, Industrial Area, Phase II Industrial Estate, Panchkula - 134113 Panchkula, Haryana
Book Running Lead Managers
Beeline Capital Advisors Pvt.Ltd
Book Running Lead Manager (BRLM)