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SME IPO Status: Closed [23rd Apr 2024 to 25th Apr 2024]
Emmforce Autotech IPO, a SME IPO of ₹53.90 Cr opens for subscription from 23-04-2024 to 25-04-2024. The IPO consists of ₹53.90 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 93.00-98.00 per share. You can apply to the Emmforce Autotech SME IPO for a minimum lot of 1200 shares amounting of Rs 117600.
The tentative listing date on the exchange (BSE SME) is 30-04-2024.Stay tuned with us to get more details about Emmforce Autotech SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 23rd Apr 2024 |
| SME IPO Issue Closing Date: | 25th Apr 2024 |
| SME IPO Issue Price: | ₹93.00-98.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹53.90 Cr |
| Fresh Issue: | ₹53.90 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.17% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544166 |
Get important updates regarding Emmforce Autotech SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 26th Apr 2024 |
| Refunds Initiation* | 29th Apr 2024 |
| Credit of Shares to Demat* | 29th Apr 2024 |
| SME IPO Listing Date* | 30th Apr 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹93.00-98.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹117600 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 29-04-2024 | 98.00 | 130 | 118600 | ₹228 (132.65%) | 30-Apr-2024 0:30 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Emmforce Autotech Limited was founded in October 2023. The company is engaged in the manufacture of niche automotive driveline parts such as differential housings, differential locks, differential covers, 4WD locking hubs, spindles, axles and shafts, gear shifters, forks, differential spools, differential tooling and various forged and cast differential parts mainly for 4WD and racing vehicles.
The company has been active in export since its foundation. It has established itself as a driveline parts manufacturer in India and is a one-stop store for high quality, cost effective driveline parts and provides out-of-the-box solutions to its customers by designing and developing complex/specialized parts
A huge inventory of forging and machining tools, fixtures for machining and a special focus on design gives Emmforce an edge over the competition and enables it to develop new parts in much less time than the competition. The company helps to accelerate performance and improve profitability through faster product development, shorter lead times, on-time delivery, a comprehensive product range and competitive pricing.
The company offers fully integrated engineering solutions from conception, through development and validation, to implementation and manufacturing of its products. The conception phase includes gathering market information, evaluating customer requirements and formulating a customized strategy for individual customers. The development phase includes product design, material sourcing and processing.
| Incorporation | Sector | IPO Issue Size | Website |
| 2023 | Automotive Drivetrain Parts | ₹53.90 Cr | http://www.emmforce.com/ |
The company intends to utilize the net proceeds of the Issue to meet the following objectives:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,045,200 (28.58%) | 783,600 (21.42%) | 1,828,800 (50%) | 3,657,600 | |
| 1 | 23rd Apr 2024 19:04 | 1.03x | 31.60x | 29.34x | 21.73x |
| 2 | 24th Apr 2024 19:04 | 10.57x | 117.14x | 92.57x | 74.40x |
| 3 | 25th Apr 2024 19:04 | 160.58x | 861.98x | 267.62x | 364.37x |
Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,597.13 | 4,895.40 | 5,257.36 | 3,384.41 |
| Revenue | 4,790.31 | 4,875.32 | 7,138.13 | 5,185.32 |
| Profit After Tax | 511.78 | 438.85 | 732.58 | 508.91 |
| Net Worth | 1,500.00 | 2,344.95 | 2,129.09 | 1,524.82 |
| Reserves and Surplus | 43.72 | |||
| Total Borrowing | 2,404.25 | 1,535.43 | 1,651.09 | 501.70 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Emmforce Autotech Limited | 2.93 | 2.93 | 15.63 | 18.71 | Standalone | |
| Divgi Torqtransfer Systems Limited | 18.45 | 18.45 | 360.53 | 44.31 | 9.28 | Standalone |
Last Updated on 30-Apr-2024 00:32:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Emmforce Autotech SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Emmforce Autotech SME IPO with Zerodha.
Alternate approch to apply in Emmforce Autotech SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Emmforce Autotech SME IPO Review and Important Updates
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To subscribe or apply in Emmforce Autotech SME IPO, you can use the following methods:
| Emmforce Autotech SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Emmforce Autotech SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Emmforce Autotech SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Emmforce Autotech SME IPO. Most of the Syndicate Banks provide access to apply in Emmforce Autotech IPO via ASBA process. You must have your net banking access, DP ID information to apply in Emmforce Autotech SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Emmforce Autotech SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Emmforce Autotech SME IPO Review and Important Updates
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Emmforce Autotech SME IPO is going to be list on 30-04-2024. BSE Code for Emmforce Autotech is 544166.
Other relevant questions:
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Emmforce Autotech SME IPO Allotment Date is 26-04-2024.
Other relevant questions:
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