Electro Force India IPO

Electro Force India IPO will open for subscription from 19 December 2023. The company aims for an issue size of ₹80.68 Cr through this IPO.

Company Overview

Full nameElectro Force India Limited
IndustryElectronics – Components
Company Websitehttps://electroforceindia.com/

About Company

Established in 2010, Electro Force (India) is ISO 9001:2015 certified company specializing in the design and production of electrical components and metal/plastic contact parts. These products are distributed to industry participants through a business-to-business (B2B) model. Electro Force’s expertise lies in the specialized design and manufacturing of precision sheet metal components, high-speed metal stamping components, plastic injection moldings, insert and over-molding, sub-assemblies, and value-added services. These offerings are tailored for a variety of industries, including electronics, lighting, and other engineering sectors in India.

The Objectives of the Issue

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

Electro Force India IPO Timetable

IPO Opening date19 December 2023
IPO Closing21 December 2023
Basis of Allotment22 December 2023
Initiation Refund26 December 2023
Credit to Demat Account26 December 2023
Listing Date27 December 2023
(Cut-off time for UPI mandate confirmation – 5 PM on December 21, 2023)

Electro Force India IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹80.68 Cr – 8,674,800 shares
Fresh Issue₹55.80 Cr – 6,000,000 shares
Offer for sale₹24.88 Cr – 2,674,800 shares
Face value₹10 per share
Offer Price₹93 per share
Lot size1200 Shares
Market Maker portion435,600 shares
Shareholding pre-issue17,400,001
Shareholding post-issue23,400,001
Listing ExchangeNSE SME

Electro Force India IPO Lot Size

Retail (Min)11200₹111,600
Retail (Max)11200₹111,600
HNI (Min)22,400₹223,200

Electro Force India IPO Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Electro Force India Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income(2.24)8.648.007.11
(Amount in ₹ Crores)

Electro Force India Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio20.22
RONW (%)(130.45)83.4443.57
ROCE (%)58.23
EBITDA (%)(9.82)33.1637.51

Company Promoters

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

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding62.93%

Electro Force India IPO Lead Manager(s)

1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email: mb@focl.in
Website: www.focl.in

Electro Force India Registrar

A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone: +91-11-40450193/197
Email: ipo@skylinerta.com
Website: www.skylinerta.com

Electro Force India Contact Details

39/5, Village – Waliv, Taluka – Vasai East,
District – Palghar, Maharashtra – 401 208
Phone: +91-22 35722456
E-mail: compliance@electroforceindia.com
Website: www.electroforceindia.com

Electro Force India IPO Allotment Status

Electro Force IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.

Final thoughts

Electro Force India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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