Electro Force (India) Limited IPO (Electro Force India IPO)

Electro Force India Limited IPO
Upcoming Electro Force India IPO | New Electro Force India IPO

Electro Force (India) Limited designs and manufactures electrical components and metal/plastic contact parts for India’s electronics, lighting, switchgear, and allied industries.

Electro Force designs and manufactures stamping components and plastic components by metal stamping, injection molding and insert molding for electrical MCBs (Miniature Circuit Breakers), 63A electrical manual transfer switches, electrical MCCBs & RCBs, brushless DC motors for medical devices/aerospace/defense and automation, electrical motor starters, Electrical Control Gears, and electrical switches.

The company also provides quality testing, packaging, assembly, secondary operations and logistics services.

The company has a leased manufacturing facility in Vasai, Maharashtra, with an area of over 10,000 square feet.

Electro Force India IPO

Electro Force India IPO – Details

IPO Opening Date19 December 2023
IPO Closing Date21 December 2023
Issue TypeFixed Price Issue IPO
Issue Size86,74,800  Shares Worth ₹80.68 Crore
Fresh Issue: 60,00,000 Shares Worth ₹55.80 Crore
Offer For Sale: 26,74,800 Shares Worth ₹24.88 Crore
Face Value₹10 per equity share
IPO Price₹93
Market Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtNSE SME
RegisterSkyline Financial Services Private Ltd
Other Shares Offered50%
Retail Shares Offered50%

Electro Force India IPO – Date Schedule

IPO Open Date19 December 2023
IPO Close Date21 December 2023
Basis of Allotment22 December 2023
Initiation of Refund26 December 2023
Credit of Shares to Demat Account26 December 2023
IPO Listing Date27 December 2023
Cut-off time for UPI mandate confirmation5 PM on Dec 21, 2023

Electro Force India IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)112001,11,600
Retail (Maximum)112001,11,600
HNI (Minimum)224002,23,200

Company Promoters

  • Ayesspea Holdings and Investments Private Limited
  • Garuda Television Private Limited
  • Pravin Kumar Brijendra Kumar Agarwal

Object Of The Issue

  • Funding additional working capital requirements of the company.
  • Pursuing Inorganic Growth.
  • General Corporate Purpose.
Electro Force India IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202115.8718.14-2.23
31 March 202234.4323.848.64
31 March 202330.2819.607.99
Amount in ₹ Crore

Key Performance Indicator

P/E (x)20.22
EPS (Rs)4.6

Electro Force India IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding62.93%

Electro Force India IPO Prospectus

Company Contact Information

Electro Force (India) Limited

39/5, Village – Waliv,
Taluka – Vasai East,
Palghar – 401 208

Phone: +91 22 35722456
Email: compliance@electroforceindia.com

Electro Force India IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com

Electro Force India IPO Lead Manager(s)

1. First Overseas Capital Limited

Electro Force India IPO FAQs

Electro Force India IPO FAQs
What is Electro Force India IPO?

Electro Force India IPO is a SME IPO. The issue is priced at ₹93 per equity share. The IPO is to be listed on NSE SME.
When Electro Force India IPO will open?

The IPO is to open on  19 December 2023 for Retail – 50% and Other – 50% Investors.
How to Electro Force India IPO?

You can apply Electro Force India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Electro Force India IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Electro Force India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Electro Force India IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Electro Force India IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Electro Force India IPO Size?

Electro Force India IPO size is ₹80.68 crores.
What is Electro Force India IPO Price Band?

Electro Force India IPO Price Band is ₹93.
What is Electro Force India IPO Minimum and Maximum Lot Size?

The minimum bid is 1200 Shares with ₹1,11,600 amount while the maximum bid is 1200 shares with ₹1,11,600.
What is the Electro Force India IPO Allotment Date?

Electro Force India IPO allotment date is  22 December 2023.
What is the Electro Force India IPO Listing Date?

Electro Force India IPO listing date is 27 December 2023. The IPO is to list on NSE SME.
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