
✓
Open
23 Apr 2024
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Close
25 Apr 2024
3
Allotment
—
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Listing
Tue, Apr 30, 2024
Price Band
₹93 to ₹98
Issue Size
54,99,600 shares (agg. up to ₹54 Cr)
Lot Size
1,200 Shares
Listing Date
Tue, Apr 30, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 252.71x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 55.97 | 48.95 | 52.57 | 33.84 |
| Total Income | 47.90 | 48.75 | 71.38 | 51.85 |
| Profit After Tax | 5.12 | 4.39 | 7.33 | 5.09 |
| NET Worth | 15.00 | 23.45 | 21.29 | 15.25 |
| Reserves and Surplus | 0.44 | |||
| Total Borrowing | 24.04 | 15.35 | 16.51 | 5.02 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Thaai Casting Ltd. | SME | ₹47.20 Cr | ₹77 | 25.99 | ₹195.15 | +153.44% | ₹125.20 (+9.82%) |
| New Swan Multitech Ltd. | SME | ₹33.11 Cr | ₹66 | 9.32 | ₹131.67 | +99.50% | ₹44.50 (-3.78%) |
| ASK Automotive Ltd. | Mainboard | ₹833.91 Cr | ₹282 | 45.63 | ₹310.10 | +9.96% | ₹485.00 (+2.47%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Subsidiary Company i.e. Emmforce Mobility Solutions Private Limited (EMSPL) in form of equity or debt for meeting the requirement of working capital and margin money for term loan of Subsidiary Company. | 10.00 |
| 2 | To Meet Working Capital Requirement of our Company | 27.00 |
| 3 | General Corporate Expenses | 12.90 |
About Emmforce Autotech IPO
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 processes One-stop solution for drivetrain parts Quality 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 team The company's manufacturing facility is located in Baddi, Himachal Pradesh. As of October 31,
Contact Details
Emmforce Autotech Ltd. AddressPlot No.287, Industrial AreaPhase II Industrial EstatePanchkula, Haryana, 134113+91- 9876009999info@emmforce.comVisit Website