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
Table of Contents
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 |
Electro Force Financial Performance
| Â | 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 |
Electro Force Offer News
- Electro Force RHP
- Electro Force Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
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 | – |
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 |
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 |
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.
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%) |
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:Â [email protected]
Website:Â www.focl.in
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:Â +91-11-40450193/197
Email:Â [email protected]
Website:Â www.skylinerta.com
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
IPO FAQs
What is the Electro Force offer size?
Electro Force offer size is INR 80.68 crores.
What is the Electro Force offer price band?
Electro Force public offer price is INR 93 per share.
What is the lot size of the Electro Force Issue IPO?
Electro Force offer lot size is 1,200 shares.
What is Electro Force IPO GMP today?
Electro Force IPO GMP today is INR 3 per share.
What is the Electro Force kostak rate today?
Electro Force kostak rate today is INR NA per application.
What is Electro Force Subject to Sauda rate today?
Electro Force Subject to Sauda rate today is INR NA per application.
