Electro Force IPO GMP, Review, Price, Allotment

Last updated on December 27, 2023

Electro Force IPO description – Established in 2010, Electro Force (India) is ISO 9001:2015 certified company specializing in the design and production of electrical components and metal/plastic contact parts. These products are distributed to industry participants through a business-to-business (B2B) model.

Electro Force’s expertise lies in specialized design and manufacturing of precision sheet metal components, high-speed metal stamping components, plastic injection moldings, insert and over-molding, sub-assemblies, and value-added services. These offerings are tailored for a variety of industries, including electronics, lighting, and other engineering sectors in India.

Promoters of Electro Force – Ayesspea Holdings and Investments Private Limited, Garuda Television Private Limited, and Pravin Kumar Brijendra Kumar Agarwal

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Electro Force IPO Details

Electro Force IPO Dates	19 – 21 December 2023
Electro Force Issue Price	INR 93 per share
Fresh issue	6,000,000 shares (INR 55.80 crore)
Offer For Sale	2,674,800 shares (INR 24.88 crore)
Total IPO size	8,674,800 shares (INR 80.68 crore)
Minimum bid (lot size)	1,200 shares (INR 111,600)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	NSE SME

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Electro Force Financial Performance

	FY 2021	FY 2022	FY 2023	H1 FY 2024
Revenue	15.74	34.40	30.25	23.10
Expenses	18.14	23.84	19.60	13.64
Net income	(2.24)	8.64	8.00	7.11

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Electro Force Offer News

• Electro Force RHP
• Electro Force Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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Electro Force Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	(1.29)	4.97	4.60
PE ratio	–	–	20.22
RONW (%)	(130.45)	83.44	43.57
ROCE (%)	–	–	58.23
NAV	0.99	5.95	10.55
EBITDA (%)	(9.82)	33.16	37.51
Debt/Equity	3.42	0.35	–

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Electro Force IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
23 December 2023	3	–	–
22 December 2023	3	–	–
21 December 2023	7	–	5,000
20 December 2023	10	–	10,000

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Electro Force IPO Subscription – Live Updates

Category	NII	Retail	Total
Shares Offered	4,555,200	4,119,600	8,674,800
21 Dec 2023	1.99	6.11	3.95
20 Dec 2023	0.61	3.17	1.83
19 Dec 2023	0.11	1.06	0.56

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Electro Force IPO Allotment Status

Electro Force IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.

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Electro Force IPO Dates & Listing Performance

IPO Opening Date	19 December 2023
IPO Closing Date	21 December 2023
Finalization of Basis of Allotment	22 December 2023
Initiation of refunds	26 December 2023
Transfer of shares to demat accounts	26 December 2023
IPO Listing Date	27 December 2023
Opening Price on NSE SME	INR 100 per share (up 7.53%)
Closing Price on NSE SME	INR 105 per share (up 12.90%)

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Electro Force Offer Lead Manager

FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email: [email protected]
Website: www.focl.in

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Electro Force Offer Registrar

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone: +91-11-40450193/197
Email: [email protected]
Website: www.skylinerta.com

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Electro Force IPO Contact Details

ELECTRO FORCE (INDIA) LIMITED
39/5, Village – Waliv, Taluka – Vasai East,
District – Palghar, Maharashtra – 401 208
Phone: +91-22 35722456
E-mail: [email protected]
Website: www.electroforceindia.com

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IPO FAQs