Emmforce Autotech Limited is engaged in the business of manufacturing niche automotive drivetrain parts like Differential Housings, 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.
The company’s manufacturing facility is located in Baddi, Himachal Pradesh. As of October 31, 2023, the company employed 128 people.
Emmforce Autotech IPO – Details
| IPO Opening Date | 23 April 2024 |
| IPO Closing Date | 25 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 54,99,600 Shares Worth ₹53.90 Crore Fresh Issue: 54,99,600 Shares Worth ₹53.90 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹93 – ₹98 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Emmforce Autotech IPO – Date Schedule
| IPO Open Date | 23 April 2024 |
| IPO Close Date | 25 April 2024 |
| Basis of Allotment | 26 April 2024 |
| Initiation of Refund | 29 April 2024 |
| Credit of Shares to Demat Account | 29 April 2024 |
| IPO Listing Date | 30 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
Emmforce Autotech IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | ₹1,17,600 |
| Retail (Maximum) | 1 | 1200 | ₹1,17,600 |
| HNI (Minimum) | 2 | 2400 | ₹2,35,200 |
Competitive Strengths
- Engineering Excellence.
- One Stop Solution for Drivetrain Parts.
- Quality Assurance and Standards.
- Existing client relationship.
- Scalable Business Model.
- Experienced Management Team.
Company Promoters
- Mr. Ashok Mehta
- Mrs. Neetu Mehta
- Mr. Azeez Mehta
Object Of The Issue
- 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.
- To Meet the Working Capital Requirements of the company.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 51.85 | 43.59 | 5.08 | 5.01 |
| 31 March 2022 | 71.38 | 60.17 | 7.32 | 16.51 |
| 31 March 2023 | 48.75 | 41.97 | 4.38 | 15.35 |
| 31 October 2023 | 5.19 | 4.59 | 0.43 | 24.04 |
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 2.83 |
| P/BV | 9.52 |
| PAT Margin (%) | 8.42 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.93 | 0.37 |
| P/E (x) | 33.5 | 268.05 |
Emmforce Autotech IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.17% |
Emmforce Autotech IPO Prospectus
Company Contact Information
| Emmforce Autotech Limited Plot No. 287, Industrial Area, Phase II Industrial Estate, Panchkula – 134113 Phone: +91- 9876009999 Email: info@emmforce.com Website: http://www.emmforce.com/ |
Emmforce Autotech IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: emmforce.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Emmforce Autotech IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Emmforce Autotech IPO FAQs
| What is Emmforce Autotech IPO? Emmforce Autotech IPO is a SME IPO. The issue is priced at ₹93 – ₹98 per equity share. The IPO is to be listed on NSE SME. |
| When Emmforce Autotech IPO will open? The IPO is to open on 23 April 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Emmforce Autotech IPO? You can apply for Emmforce Autotech 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 Emmforce Autotech IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Emmforce Autotech”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Emmforce Autotech IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Emmforce Autotech”. Click on the 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 Emmforce Autotech IPO Size? Emmforce Autotech IPO size is ₹53.90 crores. |
| What is Emmforce Autotech IPO Price Band? Emmforce Autotech IPO Price Band is ₹93 – ₹98. |
| What is Emmforce Autotech IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,17,600 amount while the maximum bid is 1200 shares with ₹1,17,600. |
| What is the Emmforce Autotech IPO Allotment Date? Emmforce Autotech IPO allotment date is 26 April 2024. |
| What is the Emmforce Autotech IPO Listing Date? Emmforce Autotech IPO listing date is 30 April 2024. The IPO is to list on NSE SME. |
