Electro Force (India) Ltd
Price Range
₹93
Min. Quantity
1,200
Closes on
21 December 2023
Min. investment
₹1,11,600/1,200 Shares
Electro Force (India) Ltd IPO Timeline
Electro Force India Ltd was originally incorporated as 'Electroforce (India) Private Limited' on June 14, 2010 issued by the Registrar of Companies, Mumbai. The status of Company was changed to Public Limited and the name of Company was changed to Electro Force (India) Limited vide fresh Certificate of Incorporation issued on May 11, 2023 by the Registrar of Companies, Mumbai.
| Event | Date |
|---|---|
| Electro Force (India) Ltd IPO Opening Date | 19 December 2023 |
| Electro Force (India) Ltd IPO Closing Date | 21 December 2023 |
| Basis of Allotment | 22 December 2023 |
| Initiation of Refunds | 26 December 2023 |
| Credit of Shares to Demat | 26 December 2023 |
| Electro Force (India) Ltd IPO Listing Date | 27 December 2023 |
Electro Force (India) Ltd IPO Details
| Electro Force (India) Ltd IPO Date | 19 December 2023 to 21 December 2023 |
| Electro Force (India) Ltd IPO Face Value | ₹10 per share |
| Electro Force (India) Ltd IPO Price | ₹93 to ₹0 per share |
| Electro Force (India) Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹80.68 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹55.8 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹24.88 Cr) |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Ayesspea Holdings & Investment, Pravin Kumar Brijendra Kumar A, Garuda Television Pvt Ltd |
Electro Force (India) Ltd IPO Lot Size
The Electro Force (India) Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,11,600).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,11,600 |
| Maximum | 1 | 1,200 | ₹1,11,600 |
- Strengths
- Risks
- Opportunities
- Experienced Management team.
- High standard of product quality and customer service.
- In-house R&D, tool room and continuous new product development.
- Offering a variety of products to meet the needs of different customers.
Company Financials
Electro Force (India) Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 85.65 | 36.58 | 5.75 |
| 03-2023 | 72.32 | 30.29 | 7.72 |
| 03-2022 | 47.83 | 34.44 | 8.64 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding additional working capital requirements of the company
- Pursuing inorganic growth
- General corporate purposes
Electro Force (India) Ltd IPO Promoter Holding
| Pre Issue Share Holding | 79.1% |
| Post Issue Share Holding | 47.39% |
Electro Force (India) Ltd IPO Subscription Status (Bidding Detail)
The Electro Force (India) Ltd IPO is subscribed 4.1161 times on 21 December 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 4.1161 |
Electro Force (India) Ltd IPO Prospectus
Electro Force (India) Ltd IPO Listing Date
| Listing Date | 27 December 2023 |
| BSE Script | 91922 |
| NSE Symbol | EFORCE |
| Listing In | NSE - SME |
| ISIN | INE0Q1W01012 |
| IPO Price | ₹93 |
| Face Value | ₹10 |
Company Contact Information
# 39/5 Village Waliv TalukaVasai East District,Palghar-401208
Phone: +91-22-35722456
Email: compliance@electroforceindia.com
Website: www.electroforceindia.com
Electro Force (India) Ltd IPO Registrar
Electro Force (India) Ltd IPO Lead Manager(s)
- First Overseas Capital Ltd
FAQ
What is the issue size of Electro Force (India) Ltd IPO?
I have pre-applied for Electro Force (India) Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.