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IPO

IPO Details


Electro Force (India) Ltd
Registered Office: # 39/5 Village Waliv Taluka, Vasai East District, Palghar - 401208, Maharashtra
Phone: +91-22-35722456
Email: compliance@electroforceindia.com
Website: www.electroforceindia.com
Initial public offering of 86,74,800 equity shares of face value of Rs. 10/- each (Equity Shares) of Electroforce (India) Limited (The Company or The Issuer Company) for cash at a price Rs. 93/- per equity share (including a share premium of Rs. 83 /- per equity share) (Offer Price) aggregating to Rs. 80.68 crores, the offer comprises fresh issue of 60,00,000 equity shares aggregating to Rs. 55.80 crores (Fresh Issue) and an offer for sale of 26,74,800 equity shares by the selling shareholder aggregating to Rs. 24.88 crores (the Selling Shareholder) (the Offer for Sale, and together with the fresh issue, the Offer). Out of which 4,35,600 equity shares of face value of Rs. 10/- each for a cash price of Rs. 93 /- per equity share, aggregating to Rs. 4.05 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 82,39,200 equity shares of face value of Rs. 10/- each at an issue price of Rs. 93/- per equity share aggregating to Rs. 76.63 crores (is hereinafter referred to as the Net Issue). The issue and the net issue will constitute 37.07% % and 35.21 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the offer price of Rs. 93/- is 9.30 time of the face value. s
Issue Money Payable On
Opens On Closes On Application Allotment
19-Dec-2023 21-Dec-2023 ₹ 93.00 ₹ 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
(₹)Cr. Lead Managers to the Issue
Project Cost 44.40 First Overseas Capital Ltd
Project Financed through Current Offer 80.68
Post Issue Equity Share Capital 23.40
Issue Price ₹93.00
Projects
Funding additional working capital requirements of the company
Pursuing inorganic growth
General corporate purposes
Promoted By
Ayesspea Holdings & Investment
Pravin Kumar Brijendra Kumar A
Garuda Television Pvt Ltd
Listing At
NSE - SME
Registrar to the Issue
Skyline Financial Services Pvt

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

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NASDAQ

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