Emmforce Autotech Ltd IPO
Open Demat Account
Emmforce Autotech Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 55 L | TBA | ₹ 18.29 L | ₹ 150 L | BSE | ₹ 53.9 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Apr, 24 | 25 Apr, 24 | 1200 | ₹ 1,11,600 | Book Building - SME | 30 Apr, 24 |
Emmforce Autotech Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Auto Ancillaries |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 64.28x | 2611200 | 167838000 |
| NII | 862.33x | 783600 | 675724800 |
| Retail | 267.62x | 1828800 | 489423600 |
| Employee | 0x | 0 | 0 |
| Total | 242.38x | 5499600 | 1332986400 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Emmforce Autotech Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 40.07 | 0.81 | TBA |
| EBITDA | 7.72 | 1.01 | TBA |
| PAT | 4.27 | 0.44 | TBA |
| Total Assets | 43.08 | 37.89 | TBA |
| Share Capital | 15.00 | 15.00 | TBA |
| Total Borrowings | 41.11 | 21.91 | TBA |
| Operating Activities (Net Cash) | 5.24 | 0.64 | TBA |
| Investing Activities (Net Cash) | 3.20 | -5.95 | TBA |
| Financing Activities (Net Cash) | 41.11 | 21.91 | TBA |
| Net Cashflow | 0.20 | 4.78 | TBA |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Emmforce Autotech Ltd
Emmforce Autotech Limited was originally formed as a partnership firm under the Indian Partnership Act, 1932 (Partnership Act) in the name and style of M/s. Emmforce Inc., pursuant to a Deed of Partnership dated September 25, 2012. Emmforce Inc. was thereafter converted from Partnership Firm to a Limited Company under Part I chapter XXI of the Companies Act, 2013 with the name and style of Emmforce Autotech Limited and received a Certificate of Incorporation from the Registrar of Companies, Central Registration Centre dated October 13, 2023.
India's auto component industry is an important sector driving macroeconomic growth and employment. The industry comprises players of all sizes, from large corporations to micro entities, spread across clusters throughout the country. The auto components industry accounted for 2.3% of India's GDP and provided direct employment to 1.5 million people. By 2026, the automobile component sector will contribute 5-7% of India's GDP. The Automotive Mission Plan (2016-26) projects to provide direct incremental employment to 3.2 million by 2026.
Emmforce Autotech Limited is engaged in the business of manufacturing niche automotive drivetrain parts like Differential Housings, Differential Lockers, Differential Covers, 4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, Differential Tools and various differential forged / cast parts primarily for 4-wheel Drive and performance racing vehicles. The company has been engaged in exports ever since its inception. The Company has established itself as a manufacturer of Drivetrain Parts in India and is one stop shop for quality cost competitive drivetrain parts and providing out-of-the-box solutions to its customers through designing and development of complex / special parts.
Peer Comparison:
- No Listed Industry Peers
Emmforce Autotech Ltd IPO Key Points
Strengths
- Engineering Excellence.
- One Stop Solution for Drivetrain Parts.
- Quality Assurance and Standards.
- Existing client relationship.
- Scalable Business Model.
Risk
- The company is subject to strict quality requirements and are consequently required to maintain its product quality. Any failure to comply with such quality standards may lead to cancellation of orders which may adversely affect itd reputation, financial conditions, cash flows and results of operations.
- The company is heavily dependent on the performance of the Automobile Sector particularly, passenger vehicle, commercial vehicles and engines.
- The company requires certain approvals and licenses in the ordinary course of business and the failure to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.
Strategy
- Customer Centric Approach.
- Optimal Utilization of Resources.
- Improving operational efficiencies.
- Leveraging its Market skills and Relationships.
- One Stop Solution Approach.
- Engineering Excellence.
- One Stop Solution for Drivetrain Parts.
- Quality Assurance and Standards.
- Existing client relationship.
- Scalable Business Model.
How To Apply for Emmforce Autotech Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.