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IPO

IPO Details


Emmforce Autotech Ltd
Registered Office: Plot # 287 Industrial Area, Phase II Industrial Estate, Panchkula - 134113, Haryana
Phone: +91 98760 09999
Email: info@emmforce.com
Website: www.emmforce.com
Initial public issue of 54,99,600 equity shares of Rs. 10/- each (Equity Shares) of Emmforce Autotech Limited (EAL or the Company or the Issuer) for cash at a price of Rs. 98/- per equity share including a share premium of Rs. 88/- per equity share (the Issue Price), aggregating to Rs. 53.90 crores (The Issue), of which upto 2,76,000 equity shares of Rs. 10/- each for cash at a price of Rs. 98/- per equity share including a share premium of Rs. 88/- per equity share aggregating to Rs. 2.70 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 52,23,600 equity shares of Rs. 10/- each including a share premium of Rs. 98/- per equity share aggregating to Rs. 51.19 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.83% and 25.48%, respectively of the post issue paid up equity share capital of the company.
Issue Money Payable On
Opens On Closes On Application Allotment
23-Apr-2024 25-Apr-2024 ₹ 98.00 ₹ 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
(₹)Cr. Lead Managers to the Issue
Project Cost 49.90 Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 53.90
Post Issue Equity Share Capital 20.50
Issue Price ₹98.00
Projects
Investment in subsidiary company i.e. Emmforce Mobility Solutions Pvt Ltd in form of equity or debt for meeting the requirement of working capital and margin money for term loan of subsidiary company
To meet working capital requirement of the company
General corporate purposes
Promoted By
Ashok Mehta
Neetu Mehta
Azeez Mehta
Listing At
BSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

17,573.30 -54.76 (-0.31%)

HANG SENG

18013.16 353.14(2.00%)