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 – Details
| IPO Opening Date | 19 December 2023 |
| IPO Closing Date | 21 December 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 86,74,800 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 Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Electro Force India IPO – Date Schedule
| IPO Open Date | 19 December 2023 |
| IPO Close Date | 21 December 2023 |
| Basis of Allotment | 22 December 2023 |
| Initiation of Refund | 26 December 2023 |
| Credit of Shares to Demat Account | 26 December 2023 |
| IPO Listing Date | 27 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 21, 2023 |
Electro Force India IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,11,600 |
| Retail (Maximum) | 1 | 1200 | 1,11,600 |
| HNI (Minimum) | 2 | 2400 | 2,23,200 |
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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 15.87 | 18.14 | -2.23 | – |
| 31 March 2022 | 34.43 | 23.84 | 8.64 | – |
| 31 March 2023 | 30.28 | 19.60 | 7.99 | – |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 20.22 |
| ROE | 43.57% |
| ROCE | 58.23% |
| EPS (Rs) | 4.6 |
| RoNW | 43.57% |
Electro Force India IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 62.93% |
Electro Force India IPO Prospectus
- Electro Force India IPO DRHP
- Electro Force India IPO RHP
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 Website: https://electroforceindia.com/ |
Electro Force India IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Electro Force India IPO Lead Manager(s)
| 1. First Overseas Capital Limited |
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. |
