Emmforce Autotech Limited has a strong export presence and aims to capitalise on the growth prospects in the auto component sector. Emmforce Autotech Limited IPO will be available for subscription on 23 April to 25 April 2024 with price band of ₹93 to ₹98 per share.
Emmforce Autotech Limited IPO
Emmforce Autotech IPO is a book-built issue with a total size of ₹53.90 crores. The issue consists entirely of a fresh issue of 55 lakh shares. The IPO opens for subscription on April 23, 2024, and closes on April 25, 2024. The price band for the Emmforce Autotech IPO is set at ₹93 to ₹98 per share.
An application must have a minimum lot size of 1200 shares. Retail investors need a minimum investment of ₹117,600 to participate. High Net Worth Individuals (HNIs) can invest in 2 lots (2,400 shares), amounting to ₹235,200.
The tentative listing date on NSE SME is Tuesday, April 30, 2024. On Friday, April 26, 2024, the allocation for the Emmforce Autotech IPO is anticipated to be completed. After listing, the shares will trade on NSE SME.
Emmforce Autotech Limited IPO Lot Size
The Emmforce Autotech Limited IPO has a lot size of 1,200 shares. This means that investors can bid for a minimum of 1,200 shares and in multiples thereof. The minimum amount required for retail investors to participate in the IPO is ₹117,600.
Beeline Capital Advisors Pvt Ltd is the book running lead manager and Link Intime India Private Ltd is the registrar for the issue. Emmforce Autotech is engaged in the automotive sector, and this IPO provides an opportunity for investors to participate in its growth. For more detailed information, you can refer to the Emmforce Autotech IPO RHP.
Emmforce Autotech Limited IPO Price Band
The Emmforce Autotech Limited IPO has a price band set at ₹93 to ₹98 per share. The Emmforce Autotech IPO offers an exciting investment opportunity, and investors can apply for a minimum of 1200 shares in this book-built issue.
The Emmforce Autotech Limited IPO has a total issue size of 5,499,600 shares, aggregating up to ₹53.90 crores. The issue consists entirely of a fresh issue of 5,499,600 shares. If you’re interested, make sure to check the subscription dates and participate in this upcoming IPO.
Emmforce Autotech Limited IPO Reservation
The IPO consists of a total of 54,99,600 equity shares of ₹10 each (referred to as “Equity Shares”) of Emmforce Autotech Limited (EAL). The issue price is set at ₹1 per equity share, including a share premium of ₹1.1 per equity share.
Within this IPO, there is a specific portion reserved for subscription by the market maker. Here are the details of Emmforce Autotech Limited IPO reservation:
- QIB Shares Offered: A maximum of 50.00% of the net offer
- Retail Shares Offered: Not less than 35.00% of the Offer
- NII (HNI) Shares Offered: At least 15% of the Offer
Emmforce Autotech Limited aims to utilise the proceeds from this IPO for various purposes, including working capital requirements, general corporate purposes, and meeting the expenses related to the issue.
Should I apply for Emmforce Autotech Limited’s initial public offering?
The decision to apply for an IPO depends on various factors, including your investment goals, risk tolerance, and assessment of the company. Here are some considerations:
Company Fundamentals:
- Research the company thoroughly. Recognize its competitive environment, growth potential, financials, and business strategy. Examine elements such as industry trends, profitability, and increase in revenue.
Valuation:
- Evaluate whether the IPO price is reasonable. Compare it with peers in the same industry. Consider metrics like Price-to-Earnings (P/E) ratio and Price-to-Sales (P/S) ratio.
Market Sentiment:
- Assess the overall market sentiment. IPOs can be volatile initially. Consider the prevailing market conditions and investor appetite for new listings.
Risk:
- Understand the risks associated with investing in IPOs. New companies may face operational challenges, regulatory changes, or market fluctuations.
Long-Term View:
- Choose whether you want to invest for the long term or for short-term gains. IPOs can be attractive for listing gains, but consider the company’s long-term potential.
Application Size:
- Determine how much you’re willing to invest. The minimum lot size for Emmforce Autotech IPO is 1,200 shares.
Remember that investing in IPOs involves risks, and there’s no guarantee of immediate gains. To make an informed choice based on your unique situation, speak with a financial counsellor.