Emmforce Autotech IPO will open for subscription from 23 April 2024. The company aims for an issue size of ₹53.90 Cr through this IPO.
Company Overview
| Full name | Emmforce Autotech Limited |
| Sector | Automobile & Ancillaries |
| Industry | Auto Ancillary |
| Company Website | https://emmforce.com/ |
About Company
Emmforce Autotech specializes in manufacturing specialized automotive drivetrain components such as Differential Housings, Differential Lockers, Differential Covers, 4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, Differential Tools, and various forged or cast parts primarily designed for 4-wheel drive and performance racing vehicles.
The company provides comprehensive engineering solutions, covering all stages from conceptualization and development to validation, implementation, and manufacturing of its products. Its in-house capabilities encompass forging, machining, fabrications, heat treatment, surface finishing, logistics, quality control, testing, and design and validation processes. The company’s manufacturing facility is situated in Baddi, Himachal Pradesh. As of 31 October 2023, the company had 128 employees.
Emmforce has recently invested in Emmforce Mobility Solutions Pvt. Ltd. (EMSPL) by buying 80% of its shareholding from Emmbros Automotives Pvt. Ltd. at book value thus making it a subsidiary of Emmforce on 19 December 2023.
The Objectives of the Issue
- Investment in a Subsidiary Company i.e. Emmforce Mobility Solutions Private Limited (EMSPL) in the form of equity or debt for meeting the requirement of working capital and margin money for term loan of the Subsidiary Company.
- To Meet the Working Capital Requirements of the company.
- General Corporate Purpose.
Emmforce Autotech IPO Timetable
| IPO Opening date | 23 April 2024 |
| IPO Closing | 25 April 2024 |
| Basis of Allotment | 26 April 2024 |
| Initiation Refund | 29 April 2024 |
| Credit to Demat Account | 29 April 2024 |
| Listing Date | 30 April 2024 |
Emmforce Autotech IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹53.90 Cr – 5,499,600 shares |
| Fresh Issue | ₹53.90 Cr – 5,499,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹93 to ₹98 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 276,000 shares |
| Shareholding pre-issue | 15,000,000 |
| Shareholding post-issue | 20,499,600 |
| Listing Exchange | BSE SME |
Emmforce Autotech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹117,600 |
| Retail (Max) | 1 | 1200 | ₹117,600 |
| HNI (Min) | 2 | 2,400 | ₹235,200 |
Emmforce Autotech IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Emmforce Autotech Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 7M FY 2024 | |
| Revenue | 50.45 | 69.06 | 45.69 | 46.45 |
| Expenses | 43.60 | 60.17 | 41.98 | 40.08 |
| Net income | 5.09 | 7.33 | 4.39 | 5.12 |
Emmforce Autotech Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.39 | 4.88 | 2.93 |
| PE ratio | – | – | 31.74 – 33.45 |
| RONW (%) | 33.38 | 34.41 | 18.71 |
| NAV | 10.17 | 14.19 | 15.63 |
| ROCE (%) | 62.72 | 56.51 | 34.34 |
| EBITDA (%) | 19.56 | 18.76 | 20.90 |
| Debt/Equity | 0.33 | 0.78 | 0.65 |
Company Promoters
- Mr. Ashok Mehta
- Mrs. Neetu Mehta
- Mr. Azeez Mehta
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.17% |
Emmforce Autotech IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: +91-79-48407357
Email: mb@beelinemb.com
Website: www.beelinemb.com
Emmforce Autotech Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: emmforce.ipo@linkintime.co.in
Website: www.linkintime.co.in
Emmforce Autotech Contact Details
EMMFORCE AUTOTECH LIMITED
Plot No. 3&5, EPIP Industrial Area, Phase I
Jharmajri Baddi, Solan – 173205, Himachal Pradesh
Phone: +91-9876009999
E-mail: info@emmforce.com
Website: www.emmforce.com
Emmforce Autotech IPO Allotment Status
Emmforce Autotech IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Emmforce Autotech 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 research the company fundamentally. learn well and make wise decisions.
Happy Investing
