Emmforce Autotech Limited IPO Detail
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, 2023, the company employed 128 people.
Company Promoters
Mr. Ashok Mehta, Mrs. Neetu Mehta and Mr. Azeez MehtaIPO Details
| IPO Opening Date | Apr 23, 2024 |
| IPO Closing Date | Apr 25, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹93 - 98 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹53.90 Cr |
| Fresh Issue | ₹53.90 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.03x | 0.00x | 0.00x | 31.60x | 29.34x | 21.73x |
| Day 2 | 10.57x | 0.00x | 0.00x | 117.14x | 92.57x | 74.40x |
| Day 3 | 160.58x | 0.00x | 0.00x | 861.98x | 267.62x | 364.37x |
IPO Tentative Timetable
The Emmforce Autotech Limited IPO open date is Apr 23, 2024, and the close date is Apr 25, 2024. The issue may list on Apr 30, 2024.
| IPO Open Date | Apr 23, 2024 |
| IPO Close Date | Apr 25, 2024 |
| Basis of Allotment Date | Apr 26, 2024 |
| Initiation of Refunds | Apr 29, 2024 |
| Credit of Shares to Demat Account | Apr 29, 2024 |
| IPO Listing Date | Apr 30, 2024 |
IPO Lot Size
The Emmforce Autotech Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹117600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹117600 |
| Maximum | 1 | 1200 | ₹117600 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.17% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3384.41 | 5185.32 | 508.91 |
| 31-Mar-22 | 5257.36 | 7138.13 | 732.58 |
| 31-Mar-23 | 4895.40 | 4875.32 | 438.85 |
| 31-Oct-23 | 5597.13 | 4790.31 | 511.78 |
Objects of the Issue:
The company intends to utilize the net proceeds of the Issue to meet the following objectives:
- 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.
Emmforce Autotech Limited IPO Registrar:
Beetal Financial & Computer Services (P) Limited
Emmforce Autotech Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Emmforce Autotech Limited
Plot No. 287, Industrial Area,
Phase II Industrial Estate,
Panchkula - 134113
