Table of Contents
Overview: Emmforce AutoTech IPO
EmmForce Autotech Limited, EmmForce was founded by Ashok Mehta, a chartered accountant turned thought leader in the global made-to-order auto component space.
EmmForce takes immense pride in creating intricate drivetrain paths and sub-assemblies that solve customers’ problems. The company has ensured uncompromising adherence to tenets of quality, efficiency, commitment to deliver, and innovation across the firm. EmmForce enforces a state-of-the-art integrated manufacturing facility strategically located in BDI, Himachal Pradesh. Spread across 150,000 sq. ft., it comes fully equipped with the latest designing and benchmarking technology.
By the time EmmForce came into being in 2012 as an engineering outfit, it already had two decades of experience in manufacturing and exporting rare ACC shafts. Today, EmmForce Autotech is among the very few companies that manufacture and offer an extensive range of automotive drivetrain parts under one roof. Company products and solutions cater to a global clientele across six continents. Exports account for 98%, and more importantly, the customer retention rate is over 95%.
EmmForce minimizes the risk of outsourced manufacturing through in-house design and development, material testing, heat treatment, machining, quality checks, and assembly. Backed by a reputed boat, a team of 128 professionals is fueled by automotive intelligence and passion for performance. The second generation of the Mehta family, Aziz Mehta, has been involved with the company’s operations and finance since 2019 and leads both verticals at EmmForce.
| Competitive Strength | Description |
|---|---|
| IPO | Emmforce AutoTech IPO |
| Established | 2012 |
| Engineering Excellence | – In-house research, design, and development – In-depth knowledge of a wide range of materials and processes |
| One-Stop Solution for Drivetrain Parts | Offers a comprehensive range of drivetrain parts, catering to customer needs. |
| Quality Assurance and Standards | Maintains strict quality standards throughout the manufacturing process. |
| Existing Customer Relationships | Strong and long-lasting relationships with customers ensure repeat business. |
| Headquarters | 3 & 5 EPIP Phase-I, Jharmajri, Baddi, Himachal Pradesh 173205 |
The objective of the Issue of an IPO.
- 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 Important Dates
| IPO Open Date | 23rd of April, 2024 (Tuesday) |
| IPO Close Date | 25th of April, 2024 (Thursday) |
| Basis of Allotment | 26th of April, 2024 (Friday) |
| Initiation of Refunds | 29th of April, 2024 (Monday) |
| Credit of Shares to Demat | 29nd of April, 2024 (Monday) |
| Listing Date | 30th of April, 2024 (Tuesday) |
Emmforce AutoTech IPO Price Band Details
Through investment in its subsidiary, EmmForce Mobility Solutions Private Limited, the company is coming up with its IPO to be listed on the BSE SME platform. The IPO comprises a fresh issue of 55 lakh equity shares with a face value of Rs. 10 each. Beine Capital Advisers is the book-running lead manager to the problem.
- The face value of each share is ₹10.
- Investors can bid ₹93 – ₹98 (Book Built Issue IPO).
- The minimum number of shares you can apply for is one lot of 1200 shares.
- The minimum amount required for investment is ₹1,17,600 per lot.
- The total number of shares offered is 5,499,600 shares, amounting to ₹53.90 crore.
- The shares will be listed on the BSE, SME Exchange.
| Face Value | ₹10 |
| Price | ₹93-₹98 per share |
| Issue Type | Book Built Issue IPO |
| Lot Size | 1200 Shares |
| Minimum Investment | ₹1,17,600 |
| Listing At | BSE and SME |
IPO Investment Calculator
| Number of Lots | IPO Issue Price (₹) | Lot Size | Total Capital Required (₹) |
|---|---|---|---|
| ₹98 | 1200 |
Emmforce AutoTech IPO Financial Details
| Date | 31-Mar-2021 | 31-Mar-2022 | 31-Mar-2023 | 31-Oct-2023 |
|---|---|---|---|---|
| Assets | 3384 | 5257 | 4895 | 5597 |
| Revenue | 5185 | 7138 | 4875 | 4790 |
| Profit After Tax | 508 | 732 | 438 | 511 |
| Net Worth | 1524 | 2129 | 2344 | 1500 |
| Reserves & Surplus | — | — | — | 43.72 |
| Total Borrowing | 501 | 1651 | 1535 | 2404 |
In 2022-23, revenue stood at Rs. 48.75 crore, and by October 2024, it soared to Rs. 47.90 crore. EmmForce Autotech Limited has continued to add new products, such as hydraulic gear pumps, EV differentials, and rotary tiller blades. The company is expanding into steel forgings as backward integration and agricultural rotor blades, paving the way for diversified revenue streams.
Emmforce AutoTech IPO GMP and Estimated Listing Price
| Date | IPO Price (₹) | GMP Price (₹) | Est. Listing Price (₹) |
|---|---|---|---|
| Listing on 30.04.2024 | ₹– | ₹– | ₹– |
| 23.04.2024 | ₹98.00 | ₹100 | ₹198 |
| 22.04.2024 | ₹98.00 | ₹100 | ₹198 |
| 21.04.2024 | ₹98.00 | ₹60 | ₹158 |
| 20.04.2024 | ₹98.00 | ₹60 | ₹158 |
| 19.04.2024 | ₹98.00 | ₹60 | ₹158 |
As per the grey market, in the current market, Emmforce AutoTech Ltd’s lowest GMP (grey market price) was ₹60 on the 19th of April, 2024, while its highest GMP is ₹100, Companies listing IPO fixed price issue at ₹98. For the Latest update on GMP check this page
For more information check the company website: Emmforce AutoTech IPO
DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks.
FAQs
What is the issue size of the EmmForce AutoTech IPO?
The issue size is ₹53.90 Crore.
What is the EmmForce AutoTech IPO Lot size?
The issue price is set at ₹93-98 per equity share and The minimum lot size is 1200 shares.
What are the EmmForce AutoTech IPO dates?
The bidding period for the IPO is from April 23rd, 2024, to April 25th, 2024. Listing on 30th April, 2024
