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Open
19 Dec 2023
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Close
21 Dec 2023
3
Allotment
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Listing
Wed, Dec 27, 2023
Price Band
₹93 per share
Issue Size
86,74,800 shares (agg. up to ₹81 Cr)
Lot Size
1,200 Shares
Listing Date
Wed, Dec 27, 2023
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
27-12-2023₹0Est. ₹93+0%
26-12-2023₹0Est. ₹93+0%
25-12-2023₹0Est. ₹93+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 4.21x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 78.27 | 72.32 | 47.83 | 17.20 |
| Total Income | 23.14 | 30.29 | 34.44 | 15.87 |
| Profit After Tax | 7.11 | 8.00 | 8.64 | -2.24 |
| NET Worth | 25.46 | 18.35 | 10.36 | 1.71 |
| Reserves and Surplus | 8.06 | 0.95 | 5.36 | -3.29 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Saakshi Medtech & Panels Ltd. | SME | ₹45.16 Cr | ₹97 | 10.18 | ₹153.30 | +58.04% | ₹292.60 (-2.47%) |
| Sungarner Energies Ltd. | SME | ₹5.31 Cr | ₹83 | 13.07 | ₹262.35 | +216.08% | ₹222.50 (-4.93%) |
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,476.35 (-0.13%) |
| Rishabh Instruments Ltd. | Mainboard | ₹490.78 Cr | ₹441 | null | ₹443.15 | +0.49% | ₹659.50 (+2.44%) |
| Avalon Technologies Ltd. | Mainboard | ₹865.00 Cr | ₹436 | 55.54 | ₹398.00 | -8.72% | ₹1,767.60 (+5.24%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding additional working capital requirements of the Company | 25.00 |
| 2 | Pursuing Inorganic Growth | 5.50 |
| 3 | General corporate purposes | 13.90 |
About Electro Force IPO
Incorporated in 2010, 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.+ Read More
Contact Details
Electro Force (India) Ltd. Address39/5, Village-WalivTaluka-Vasai EastPalghar, Maharashtra, 401208+91 22 35722456compliance@electroforceindia.comVisit Website