Admin
23 April 2024

Emmforce Autotech Limited IPO

Emmforce Autotech Ltd. (EAL) is an Indian Automotive components manufacturing company, it produces niche automotive drivetrain parts like 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. Emmforce Autotech IPO is a book built issue of Rs 53.90 crores. The issue is entirely a fresh issue of 55 lakh shares. Emmforce Autotech IPO price band is set at ₹93 to ₹98 per share. The minimum lot size for an application is 1200 Shares. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Emmforce Autotech IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Emmforce Autotech IPO is Spread X Securities.

Emmforce Autotech Limited IPO Overview

Detail	Description
IPO Date	April 23, 2024 to April 25, 2024
Face Value	₹10 per share
Price Band	₹93 to ₹98 per share
Lot Size	1200 Shares
Total Issue Size	5,499,600 shares (aggregating up to ₹53.90 Cr)
Fresh Issue	5,499,600 shares (aggregating up to ₹53.90 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Share holding pre issue	15,000,000
Share holding post issue	20,499,600
Market Maker portion	276,000 shares Spread X Securities

Emmforce Autotech IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Tuesday, April 23, 2024
IPO Close Date	Thursday, April 25, 2024
Basis of Allotment	Friday, April 26, 2024
Initiation of Refunds	Monday, April 29, 2024
Credit of Shares to Demat	Monday, April 29, 2024
Listing Date	Tuesday, April 30, 2024
Cut-off time for UPI mandate confirmation	5 PM on April 25, 2024

Emmforce Autotech IPO Reservation

Investor Category	Shares Offered
Anchor Investor Shares Offered	1,566,000 (28.47%)
Market Maker Shares Offered	276,000 (5.02%)
QIB Shares Offered	1,045,200 (19.01%)
NII (HNI) Shares Offered	783,600 (14.25%)
Retail Shares Offered	1,828,800 (33.25%)
Total Shares Offered	5,499,600 (100%)

Emmforce Autotech IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹117,600
Retail (Max)	1	1200	₹117,600
HNI (Min)	2	2,400	₹235,200

Company & Financials

Emmforce Autotech Limited (EAL) was incorporated in 2012 and is a manufacturer and exporter of drivetrain parts for niche vehicles.The company's product list includes differential housings, differential covers, 4WD locking hubs, spindles, axles and shafts, gear shifters, yokes, differential spools, differential tools, and various forged/cast differential parts mainly for 4WD and high-performance racing vehicles.Huge inventory of tooling for forging and machining, jigs and fixtures for machining, extra focus on engineering gives Enforce an edge over the competition to develop new parts in a much faster time than competition. The company increases its performance and improves profitability through faster product development, shorter lead time, on time delivery, wide range of products and competitive pricing.

Emmforce Autotech Limited Financial Information

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

Key Performance Indicator

KPI	Values
RoNW	2.83
P/BV	9.52
PAT Margin (%)	8.42

Objectives of the Issue

The company intends to utilize the net proceeds of the Issue to meet the following objectives:

1. Investment in a Subsidiary Company i.e. Emmforce Mobility Solutions Private Limited (EMSPL) in the form of equity or debt for meeting the requirement of working capital and margin money for term loan of the Subsidiary Company.
2. To Meet the Working Capital Requirements of the company.
3. General Corporate Purpose.

Emmforce Autotech IPO review

The company is involved in manufacturing of automotive drivetrain parts. It posted growth in top and bottom lines for FY21 and FY22, but marked de-growth for FY23 following piled up inventories with its clients. It is back on track as expressed by 7M-FY24 earnings. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards.

FAQs for Emmforce Autotech IPO

Why Emmforce Autotech IPO?

The initial public offer (IPO) of Emmforce Autotech Limited offers an early investment opportunity in Emmforce Autotech Limited. A stock market investor can buy Emmforce Autotech IPO shares by applying in IPO before Emmforce Autotech Limited shares get listed at the stock exchanges. An investor could invest in Emmforce Autotech IPO for short term listing gain or a long term.
When will Emmforce Autotech IPO list?

The Emmforce Autotech IPO list date is not yet available. The Emmforce Autotech IPO is planned to list on April 30, 2024, at BSE SME.
When will Emmforce Autotech IPO allotment status?

The Emmforce Autotech IPO allotment status will be available on or around April 26, 2024. The allotted shares will be credited in demat account by April 29, 2024.