Last updated on June 13, 2024
Emmforce Autotech IPO description – Emmforce Autotech specializes in manufacturing specialized automotive drivetrain components such as Differential Housings, Differential Lockers, Differential Covers, 4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, Differential Tools, and various forged or cast parts primarily designed for 4-wheel drive and performance racing vehicles.
The company provides comprehensive engineering solutions, covering all stages from conceptualization and development to validation, implementation, and manufacturing of its products. Its in-house capabilities encompass forging, machining, fabrications, heat treatment, surface finishing, logistics, quality control, testing, and design and validation processes. The company’s manufacturing facility is situated in Baddi, Himachal Pradesh. As of 31 October 2023, the company had 128 employees.
Emmforce has recently invested in Emmforce Mobility Solutions Pvt. Ltd. (EMSPL) by buying 80% of its shareholding from Emmbros Automotives Pvt. Ltd. at book value thus making it a subsidiary of Emmforce on 19 December 2023.
Promoters of Emmforce Autotech – Mr. Ashok Mehta, Mrs. Neetu Mehta, and Mr. Azeez Mehta
Table of Contents
Emmforce Autotech IPO Details
| Emmforce Autotech IPO Dates | 23 – 25 April 2024 |
| Emmforce Autotech Issue Price | INR 93 – 98 per share |
| Fresh issue | 54,99,600 shares (INR 51.15 – 53.90 crore) |
| Offer For Sale | NIL |
| Total IPO size | 54,99,600 shares (INR 51.15 – 53.90 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,17,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Emmforce Autotech Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 7M FY 2024 |
| Revenue | 50.45 | 69.06 | 45.69 | 46.45 |
| Expenses | 43.60 | 60.17 | 41.98 | 40.08 |
| Net income | 5.09 | 7.33 | 4.39 | 5.12 |
Emmforce Autotech Offer News
- Emmforce Autotech RHP
- Emmforce Autotech Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Emmforce Autotech Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.39 | 4.88 | 2.93 |
| PE ratio | – | – | 31.74 – 33.45 |
| RONW (%) | 33.38 | 34.41 | 18.71 |
| NAV | 10.17 | 14.19 | 15.63 |
| ROCE (%) | 62.72 | 56.61 | 34.34 |
| EBITDA (%) | 19.56 | 18.76 | 20.90 |
| Debt/Equity | 0.33 | 0.78 | 0.65 |
Emmforce Autotech IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 25 April 2024 | 107 | – | 1,01,000 |
| 24 April 2024 | 100 | – | 92,500 |
| 23 April 2024 | 90 | – | 87,500 |
| 22 April 2024 | 52 | – | 48,000 |
| 20 April 2024 | 37 | – | 35,000 |
| 19 April 2024 | 30 | – | 27,000 |
| 18 April 2024 | 27 | – | 25,500 |
| 17 April 2024 | 22 | – | 22,500 |
| 16 April 2024 | 15 | – | 12,000 |
Emmforce Autotech IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,045,200 | 1,059,600 | 1,828,800 | 3,933,600 |
| 25 Apr 2024 | 160.58 | 637.70 | 267.53 | 338.83 |
| 24 Apr 2024 | 10.57 | 86.92 | 92.70 | 69.32 |
| 23 Apr 2024 | 1.03 | 23.37 | 29.34 | 20.21 |
The market maker reservation portion of 2,76,000 shares is not included in the above calculations.
Emmforce Autotech IPO Allotment Status
Emmforce Autotech IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Emmforce Autotech IPO Dates & Listing Performance
| IPO Opening Date | 23 April 2024 |
| IPO Closing Date | 25 April 2024 |
| Finalization of Basis of Allotment | 26 April 2024 |
| Initiation of refunds | 29 April 2024 |
| Transfer of shares to demat accounts | 29 April 2024 |
| IPO Listing Date | 30 April 2024 |
| Opening Price on BSE SME | INR 186.20 per share (up 90%) |
| Closing Price on BSE SME | INR 195.51 per share (up 99.50%) |
Emmforce Autotech Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: +91-79-48407357
Email:Â [email protected]
Website:Â www.beelinemb.com
Emmforce Autotech Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Emmforce Autotech Issue Contact Details
EMMFORCE AUTOTECH LIMITED
Plot No. 3&5, EPIP Industrial Area, Phase I Jharmajri Baddi,
Solan – 173205, Himachal Pradesh, India
Phone: +91-9876009999
E-mail: [email protected]
Website: www.emmforce.com
IPO FAQs
What is the Emmforce Autotech offer size?
Emmforce Autotech offer size is INR 51.15 – 53.90 crores.
What is the Emmforce Autotech offer price band?
Emmforce Autotech public offer price is INR 93 – 98 per share.
What is the lot size of the Emmforce Autotech IPO?
Emmforce Autotech offer a lot size is 1,200 shares.
What is Emmforce Autotech IPO GMP today?
Emmforce Autotech IPO GMP today is INR 107 per share.
What is the Emmforce Autotech kostak rate today?
Emmforce Autotech kostak rate today is INR NA per application.
What is Emmforce Autotech Subject to the Sauda rate today?
Emmforce Autotech is Subject to the Sauda rate today is INR 1,01,000 per application.
