April 29, 2024
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Emmforce Autotech IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Emmforce Autotech IPO Latest updates:
The company will enter the market on 23 April 2024.
What is the latest GMP of Emmforce Autotech IPO?*
Latest GMP & Subject to rates: Click
Check Subscription status of Emmforce Autotech IPO
On 25 April 2024 @ 5.00 (Day 2) (Closed)
Review: Impressive response on Day 3
QIB: 2611800 Shares 160.58 T
NII: 783540 Shares 861.98 T
RII: 1828260 Shares 267.62 T
Total: 5223600 Shares 364.37 T
What is the business of Emmforce Autotech?
The company is engaged in the business of manufacturing niche automotive drivetrain parts like Differential Housings, Differential Lockers, Differential Covers,4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, Differential Tools and various differential forged / cast parts primarily for 4-wheel Drive and performance racing vehicles. The company has been engaged in exports ever since its inception and more than 95% of its products are exported.
Get more information about the company @ www.emmforce.com
| Emmforce Autotech IPO Details | |
| IPO opens on | 23 April 2024 |
| IPO closes on | 25 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5499600 Shares /Rs 53.90 Crore |
| * Fresh Issue | 5499600 Shares /Rs 53.90 Crore |
| * Offer for Sale | – |
| Market Maker Portion | 276000 Shares |
| Net offer to Public | 5223600 Shares/Rs.51.19 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 93-98 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
| Shares offered in Emmforce Autotech IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 2611800 | 25.60 |
| NII (15%) | 783540 | 7.69 |
| RII (35%) | 1828260 | 17.92 |
| Total Shares | 5223600 | 51.19 |
| Retail portion will be oversubscribed by | 1523 | |
| Forms | ||
| How much Shares to Apply in Emmforce Autotech IPO? | ||
| Min Retail Application | 1200 Sh | Rs.117600 |
| Min HNI Application | 2400 Sh | Rs.235200 |
Who are the Promoters of Emmforce Autotech IPO?
The promoters of the company are MR. Ashok Mehta and Mrs. Neetu Mehta
What are the Objects of Emmforce Autotech IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
To meet working capital requirements; and
General Corporate Purpose.
| Emmforce Autotech IPO Tentative timetable | |
| IPO opens on | 23 April 2024 |
| IPO Closes on | 25 April 2024 |
| IPO Allotment on | 26 April 2024 |
| Refund Initiation | 29 April 2024 |
| Credit of Shares | 29 April 2024 |
| Listing on | 30 April 2024 |
| Registered Office of the Company Plot No. 287, Industrial Area, Phase II Industrial Estate Panchkula- 134113, Haryana, India |
| Who is the Lead Manager of Emmforce Autotech IPO? Beeline Capital Advisors Pvt ltd |
| Who is the Registrar to IPO? Link intime India Pvt ltd |
| Emmforce Autotech IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 50.45 | 5.09 | 3.39 | 33.38 |
| 2021-22 | 69.06 | 7.33 | 4.88 | 34.41 |
| 2022-23 | 45.69 | 4.39 | 2.93 | 18.71 |
| Book Value of the Share on | 31.03.2023 | Rs 15.63 | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 98 | |||
| Emmforce Autotech IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 33.45 |
| Price/BV Ratio | 6.27 |
| Upper price/BV after IPO | ? |
How Emmforce Autotech IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Emmforce Autotech | 10 | 45.69 33.45 | |
| Divgi Torqtransfer | 10 | 271.04 | 44.31 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Emmforce Autotech IPO To the point Guidance
The company is engaged in the business of manufacturing niche automotive drivetrain parts like Differential Housings, Differential Lockers, Differential Covers,4WD Locking Hubs, Spindles, Axles & Shafts etc. The company has been engaged in exports ever since its inception and more than 95% of its products are exported.
Size: The net size of the IPO is Rs.51.19 Cr comprising of 5223600 shares. With 1523 applications, retail portion will get one time subscribed. Reasonably good subscription is expected.
Financial Snapshot: During last 3 years, the company has very strong topline and bottom-line. During the year 2022-23, there is a dip in the topline and bottom-line, we assume to be exceptional and expect strong rise in the sales and net profits in the coming years. 95% of the sales is exported. The shares are offered at PE multiple of 33.45, which we believe is reasonable and there is room for listing gains. We recommend APPLY for this IPO.
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Emmforce Autotech IPO GMP today details?
Emmforce Autotech IPO
Emmforce Autotech IPO FAQs
What is Emmforce Autotech IPO?
Emmforce Autotech is a SME IPO of 5499600 equity shares of the face value of Rs. 10 aggregating up to Rs.53.90 Crores. The issue is priced at Rs.93-98 per share. The minimum order quantity is 1200 Shares.
When will Emmforce Autotech IPO open?
Emmforce Autotech IPO opens on April 23, 2024, and closes on April 25, 2024.
What is the lot size of Emmforce Autotech IPO?
Emmforce Autotech IPO lot size is 1200 Shares, and the minimum amount required is Rs.117600.
How to apply for Finelistings Technologies IPO?
You can apply in Emmforce Autotech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Emmforce Autotech IPO allotment?
The finalization of Basis of Allotment for Emmforce Autotech IPO will be done on April 26, 2024, and the allotted shares will be credited to your demat account by April 29, 2024.
When is Emmforce Autotech IPO listing date?
Emmforce Autotech IPO listing date is April 30, 2024.
