Electro Force India is an ISO 9001:2015-certified corporate that designs and manufactures electric elements, and steel / plastic touch portions, and provides those merchandise to the trade gamers by way of a business-to-business (B2B) style. The corporate began within the yr 2010 as Electro Force (India) Pvt Ltd. Since its inception, the Company has been a provider of high-grade precision steel electric touch portions and elements, connectors, and assemblies for programs in electronics, lights, switchgear, and allied industries in India.
Their production unit is situated at Vasai in Maharashtra. They be offering end-to-end product answers to their shoppers below the B2B style during which they supply services and products starting from designing, production, high quality checking out, and packaging to logistics. They additionally be offering merchandise within the intermediate phases to many in their shoppers. Their primary center of attention has been on providing built-in services and products, most commonly to Indian producers {of electrical} elements. They can carry out precision steel stamping, meeting, and molding. They imagine {that a} workforce of dedicated certified and educated mavens has ended in the luck in their Company and whilst their merchandise comply with top of the range requirements, what has outstanding them extra from their competition has been their skill to reply temporarily, reliably, and as it should be to buyer’s wishes.
Over the previous 13 years, Electro Force India believes that they have got gathered useful enjoy in serving to their shoppers create new designs, incorporating state-of-the-art applied sciences, and successfully using their production amenities, apparatus, and fabrics. As a outcome, they’re continuously making improvements to their product choices to higher serve their buyer’s wishes.
Objects of the Issue:
- Funding further operating capital necessities of the corporate.
- Pursuing Inorganic Growth.
- General company functions.
Electro Force India IPO Review
Electro Force India IPO Date & Price Band Details
IPO Open: | December 19, 2023 |
IPO Close: | December 21, 2023 |
IPO Size: | Approx ₹80.68 Crores, 8,674,800 Equity Shares |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹93 Per Equity Share |
IPO Listing on: | NSE SME |
Retail Quota: | 50% of the online be offering |
NII Quota: | 50% of the online be offering |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Electro Force India IPO Market Lot
The Electro Force India IPO minimal marketplace lot is 1200 stocks with a ₹111,600 software quantity.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1200 | ₹111,600 |
Retail Maximum | 1 | 1200 | ₹111,600 |
S-HNI Minimum | 2 | 2400 | ₹223,200 |
Electro Force India IPO Dates
The Electro Force India IPO date is December 19 and the IPO shut date is December 21. The IPO allotment date is December 22 and the IPO would possibly checklist on December 27.
IPO Open Date: | December 19, 2023 |
IPO Close Date: | December 21, 2023 |
Basis of Allotment: | December 22, 2023 |
Refunds: | December 26, 2023 |
Credit to Demat Account: | December 26, 2023 |
IPO Listing Date: | December 27, 2023 |
You can test IPO subscription standing and IPO allotment standing on their respective pages.
Electro Force India IPO Form
How to use Electro Force India IPO? You can practice Electro Force India IPO by way of ASBA to be had for your checking account. Just cross to the net financial institution login and practice by way of your checking account by way of settling on the Electro Force India IPO within the Invest segment. The different possibility you’ll practice Electro Force India IPO by way of IPO bureaucracy obtain by way of the NSE web page. Check out the Electro Force India bureaucracy – click on NSE IPO Forms obtain, fill and put up for your financial institution or together with your dealer.
Electro Force India Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹15.87 | ₹18.14 | ₹2.24 |
2022 | ₹34.44 | ₹23.84 | ₹8.64 |
2023 | ₹30.29 | ₹19.60 | ₹7.00 |
2023 6M | ₹23.14 | ₹13.64 | ₹7.11 |
Electro Force India IPO Valuation – FY2023
Check Electro Force India IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.
Earning Per Share (EPS): | ₹4.60 consistent with Equity Share |
Price/Earning P/E Ratio: | 20.22% |
Return on Net Worth (RoNW): | 43.57% |
Net Asset Value (NAV): | ₹10.55 consistent with Equity Share |
Peer Group
- Centum Electronics Limited
- RIR Power Electronics Limited
- Ayesspea Holdings and Investments Private Limited
- Garuda Television Private Limited
- Pravin Kumar Brijendra Kumar Agarwal
Electro Force India IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/
Electro Force India IPO Allotment Status
Check Electro Force India IPO allotment standing on Skyline Financial web page URL. Click Here
Electro Force India IPO Lead Managers aka Merchant Bankers
- First Overseas Capital Limited
Company Address
Electro Force (India) Limited
39/5, Village – Waliv,
Taluka – Vasai East,
Palghar – 401 208
Phone: +91 22 35722456
Email: [email protected]
Website: https://electroforceindia.com/
Electro Force India IPO FAQs
What is Electro Force India IPO?
Electro Force India IPO is an NSE SME IPO. They are going to lift ₹80.68 Crores by way of IPO. The factor is priced at ₹93 consistent with fairness percentage. The IPO is to be indexed on NSE.
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Electro Force India IPO Price Band is ₹93 consistent with fairness percentage.
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Note: The Electro Force India IPO main points are introduced formally. The IPO gray marketplace top rate (Electro Force India IPO Premium) is up to date at the respective web page. You can test our IPO gray marketplace web page for day-to-day updates.)
– Source : IPOWATCH