Electro Force (India) Limited IPO

NSE SME

Listed On: Dec 27, 2023 at ₹ 100.0

₹ 111600 /1200 Shares

Check Allotment

Electro Force (India) Limited IPO Details

19 Dec, 2023

Open Date

21 Dec, 2023

Close Date

22 Dec, 2023

Allotment Date

27 Dec, 2023

Listing Date

Issue Price

₹93 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

100.0

Listing Date

2023-12-27

Market Lot

1200 Shares (₹111,600/-)

Lead Manager

First Overseas Capital Limited

Issue Size

8,674,800 shares(aggregating up to ₹80.68 Cr)

Retail Portion

50%

Subscription

4.33 times

IPO Docs

RHP

Electro Force (India) Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	4,119,600	4,119,600	8,239,200
Day 1 - 19-12-23 06:00 PM	0.34 x	1.52 x	0.93 x
Day 2 - 20-12-23 06:00 PM	0.59 x	3.45 x	2.02 x
Day 3 - 21-12-23 06:00 PM	2.22 x	6.44 x	4.33 x

Electro Force (India) Limited Valuations

Earnings Per Share (EPS)

₹4.6/-

P/E Ratio

20.22

RoNW

43.57%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Electro Force (India) Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	7,231.51	4,783.37	1,719.96
Revenue	3,028.81	3,443.55	1,587.13
Profit After Tax	799.60	3,443.55	-223.69

About The Company

Electro Force (India) Limited designs and manufactures electrical components and metal/plastic contact parts for India's electronics, lighting, switchgear, and allied industries.

Electro Force designs and manufactures stamping components and plastic components by metal stamping, injection molding and insert molding for electrical MCBs (Miniature Circuit Breakers), 63A electrical manual transfer switches, electrical MCCBs & RCBs, brushless DC motors for medical devices/aerospace/defense and automation, electrical motor starters, Electrical Control Gears, and electrical switches.

The company also provides quality testing, packaging, assembly, secondary operations and logistics services.

The company has a leased manufacturing facility in Vasai, Maharashtra, with an area of over 10,000 square feet.

Electro Force (India) Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 62.93%

Company Promoter(s)

Ayesspea Holdings and Investments Private Limited
Garuda Television Private Limited
Pravin Kumar Brijendra Kumar Agarwal

Electro Force (India) Limited IPO - Issue Objectives

Funding additional working capital requirements of the company
Pursuing Inorganic Growth
General corporate purposes

Electro Force (India) Limited IPO - FAQs

Ans. Electro Force (India) Limited IPO is a SME IPO. The issue is priced at ₹93 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Dec 19, 2023, and closes on Dec 21, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Electro Force (India) Limited IPO opens on Dec 19, 2023 and closes on Dec 21, 2023.

Ans. The size of Electro Force (India) Limited IPO is 8,674,800 shares(aggregating up to ₹80.68 Cr).

Ans. The IPO price band is set between ₹93 per equity share.

Ans. To apply for Electro Force (India) Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Electro Force (India) Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Electro Force (India) Limited IPO is Dec 22, 2023.

Ans. The Electro Force (India) Limited IPO will be listed on Dec 27, 2023.

Ans. Follow the steps to check the allotment status for Electro Force (India) Limited IPO here.