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Emmforce Autotech Ltd IPO

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.

Emmforce Autotech Ltd IPO Details

Total Shares Offered

₹ 54,99,600

Offer to Public

TBA

Retail Max (Shares)

₹ 18,28,800

Pre Issue Promoters Holding

₹ 1,49,99,600

Exchange

BSE

Issue size

₹ 53.9 Cr

IPO Open Date

Apr 23, 2024

Close Date

Apr 25, 2024

Lot Size

1200

Min Investment

₹ 1,11,600

Issue Type

Book Building - SME

Listing Date

Apr 30, 2024

Emmforce Autotech Ltd IPO Dates

Apr 23, 2024

Opening date

Apr 25, 2024

Closing date

Apr 26, 2024

Basis of Allotment

Apr 29, 2024

Initiation of Refunds

Apr 29, 2024

Credit of Shares

Apr 30, 2024

Listing date

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*
QIB	0x	2611200
NII	0x	783600
Retail	0x	1828800
Employee	0x	0
Total	0x	5499600

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2611200

783600

1828800

5499600

Emmforce Autotech Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	87.54	82.74	0.81
EBITDA	19.61	7.72	1.01
PAT	10.60	4.27	0.44
Total Assets	62.93	43.08	37.89
Share Capital	20.50	15.00	15.00
Total Borrowings	38.59	41.11	21.91
Operating Activities (Net Cash)	13.28	5.24	0.64
Investing Activities (Net Cash)	-2.61	3.20	-5.95
Financing Activities (Net Cash)	38.59	41.11	21.91
Net Cashflow	9.20	0.20	4.78

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.

Peer Comparison:

No Listed Industry Peers

Emmforce Autotech Ltd 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.

How To Apply for Emmforce Autotech Ltd IPO Online?

Step 1:

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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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Emmforce Autotech Ltd IPO?

Emmforce Autotech Ltd's IPO offers shares for up to 53.9 It begins on Apr 23, 2024 and ends on Apr 25, 2024.

What is the price of the Emmforce Autotech Ltd IPO?

The price of Emmforce Autotech Ltd IPO ranges between ₹93 to ₹98 per share.

What are the open and close dates for the Emmforce Autotech Ltd IPO?

The Emmforce Autotech Ltd IPO opens on Apr 23, 2024 and closes on Apr 25, 2024.

When will the Emmforce Autotech Ltd IPO be allotted?

The allotment for the Emmforce Autotech Ltd IPO will be finalised on Apr 26, 2024. The shares will be listed on BSE and NSE on Apr 30, 2024.

What is the minimum lot size required for Emmforce Autotech Ltd IPO?

The minimum lot size for Emmforce Autotech Ltd IPO is 1200 shares, priced between ₹93 to ₹98 per share.

What is the GMP of Emmforce Autotech Ltd IPO?

The GMP (Grey Market Premium) of Emmforce Autotech Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Emmforce Autotech Ltd IPO?

To check the allotment status of Emmforce Autotech Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Emmforce Autotech Ltd IPO getting listed?

The Emmforce Autotech Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Apr 23, 2024, and closes on Apr 25, 2024. The allotment is finalised on Apr 26, 2024.

How do you apply for the Emmforce Autotech Ltd IPO?

To apply for the Emmforce Autotech Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.