Electro Force India IPO will be Open on 14 December 2023 and Closed on 18 December 2023. The company has fixed the price of this IPO at ₹93 according to the face value of ₹10. The company will raise ₹80.68 Crores through this IPO under the 8,674,800 Equity Shares public issue, and the offer is 100% Fixed Price Issue. The company reserve quota in this IPO is 50% For NII, and 50% For Retail Investor. You can check Electro Force India IPO GMP here.
Electro Force (India) Limited designs and manufactures electrical components, and metal / plastic contact parts, and supplies these products to the industry players via a business-to-business (B2B) model. The company has been a supplier of high-grade precision metal electrical contact parts and components, connectors, and assemblies for applications in electronics, lighting, switchgear, and allied industries in India.
The company’s manufacturing unit is located at Vasai in Maharashtra. We offer end-to-end product solutions to our customers under the B2B model wherein we provide services ranging from designing, manufacturing, quality testing, and packaging to logistics.
The company also offers products in the intermediate stages to many of our customers. The company’s main focus has been on offering integrated services, mostly to Indian manufacturers of electrical components. You can check Electro Force India’s IPO Subscription Status here.
Objects Of The Issue :
- Funding additional working capital requirements of our Company.
- Pursuing Inorganic Growth.
- General corporate purposes.
Company Strengths :
- 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.
| Read also: Upcoming IPO List 2023 |
Electro Force India IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹8.00 Cr ₹93 /EQ 4.60 20.22x 43.57 % 43.57 % 58.23 % N/A ₹10.55 ₹72.32 Cr ₹217.62 Cr 100.00 % 62.93 % |
| Team Review : | AVOID |
Electro Force India IPO GMP Live:
Electro Force India IPO GMP Or Grey Market Premium is available here. The SME IPO GMP Premium updated Day By Day IPO running Period and the GMP Rates fluctuated and stable some times later.
| Date | GMP | Subject Rate |
| Today | Day Wise Live GMP | ₹0 |
Electro Force India IPO Date & Price Band & Details :
| Issue Offer : | Fixed Price Issue |
| IPO Open : | 19 December 2023 |
| IPO Close : | 21 December 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹93 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹80.68 Cr {8,674,800 Shares} |
| Fresh Issue : | ₹55.80 Cr {6,000,000 Shares} |
| Offer For Sale : | ₹24.88 Cr {2,674,800 Shares} |
Electro Force India IPO Market Lot :
Electro Force India IPO Minimum Market lot is 1 Lot with 1200 shares with ₹111,600 Application amount. The retail investors can apply up to 1 lot with 1200 Shares or ₹111,600 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 1200 | ₹111,600 |
| Retail (Max) : | 1 | 1200 | ₹111,600 |
| S-HNI (Min) : | 2 | 2400 | ₹223,200 |
Electro Force India IPO Net Reservation :
Electro Force India IPO Net Reservation of 8,674,800 shares is to be bid for the public issue by Electro Force India IPO with 41,19,600 for NII and 41,19,600 For RII.
| Category | Reservation | Shares | Amount |
| NII : | 50% | 41,19,600 | ₹38.31 Cr |
| RII : | 50% | 41,19,600 | ₹38.31 Cr |
| MMRP : | — | 4,35,600 | ₹4.05 Cr |
| Total : | 100% | 8,674,800 | ₹80.68 Cr |
Electro Force India IPO EPS & RoNW :
The Electro Force India company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹4.60 | 43.57% | ₹10.55 |
| 2022 | ₹4.97 | 83.44% | ₹5.95 |
| 2021 | ₹-1.29 | -130.45% | ₹0.99 |
Electro Force India IPO Peer Comparison PE :
The Electro Force India, According to the RHP of the company no listed company in India in this segment.
| Sr. No. | Company | PE Ratio |
| 1. | N/A | – |
Electro Force India IPO Dates :
Electro Force India’s IPO Date is 19 December 2023 and closes on 21 December 2023. The allotment will be finalized on 22 December 2023 and the IPO may list on 27 December 2023.
| Issue Open Date : | 19 December 2023 |
| Issue Close Date : | 21 December 2023 |
| Allotment Date : | 22 December 2023 |
| Refund Date : | 26 December 2023 |
| Share Credit Date : | 26 December 2023 |
| Listing Date : | 27 December 2023 |
Electro Force India IPO Form :
There are two ways to apply for Electro Force India IPO. You can apply for Electro Force India IPO through ASBA available in your bank account. You have to go to your online bank login select Electro Force India IPO in the Invest section and apply through your bank account. Another option is you apply Electro Force India IPO through IPO form download through NSE and BSE. See the Electro Force India IPO Form – Download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Electro Force India Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹3028.81 | ₹1,960.28 | ₹799.60 |
| 2022 | ₹3443.55 | ₹2,384.09 | ₹864.26 |
| 2021 | ₹1587.13 | ₹1,814.30 | ₹-223.69 |
Company Promoters :
■ Ayesspea Holdings
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Electro Force India IPO Lead Managers :
■ First Overseas Capital Limited
Electro Force India IPO Registrar :
Skyline Financial Services Private Limited
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020, India
Tel: +91-11-40450193/197
Email: [email protected]
Investor grievance e-mail: [email protected]
Website: www.skylinerta.com
Note: Check Electro Force India IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link.
Company Address :
Electro Force (India) Limited
39/5, Village – Waliv, Taluka – Vasai East,
District – Palghar, Maharashtra – 401 208, India.
Telephone: +91 9702813877
E-mail: [email protected]
Website: www.electroforceindia.com
Electro Force India IPO FAQs :
What is Electro Force India IPO?
Electro Force India IPO is an SME IPO. They are going to raise ₹80.68 Crores via IPO. The issue is priced at ₹93 per equity share. The IPO is to be listed on NSE, SME.
When Electro Force India IPO will open?
The IPO is open 19 December 2023 – 21 December 2023 for NII & RII.
How Much is Electro Force India’s IPO Size?
Electro Force India’s IPO size is ₹80.68 Crores.
How much is the Fresh issue size of Electro Force India IPO?
The Fresh issue size of Electro Force India IPO ₹55.80 Cr.
How much is the Offer For Sale size of Electro Force India IPO?
The Offer For Sale Size of Electro Force India IPO ₹24.88 Cr.
What is Electro Force India IPO Price Band?
Electro Force India’s IPO Price Band is ₹93 Per share.
What is the Electro Force India IPO Minimum and Maximum Lot Size?
The minimum bid is 1200 Shares with ₹111,600 amount while the maximum bid is 1200 shares with ₹111,600.
How Much is Electro Force India IPO Investors Portion?
The investors’ portion for 50%, NII & 50% for RII.
When is the Electro Force India IPO Allotment Date?
Electro Force India’s IPO allotment date is 22 December 2023.
When is the Electro Force India IPO Listing Date?
Electro Force India’s IPO listing date is 27 December 2023. The IPO to list on NSE, SME.
How to Apply the Electro Force India IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Electro Force India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Electro Force India IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Electro Force India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Electro Force India IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Electro Force India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Electro Force India IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Electro Force India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Electro Force India GMP: Click Here Electro Force India Subscription: Click Here Electro Force India Allotment: Click Here Electro Force India Listing: Click Here |
All Electro Force India IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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