Emmforce Autotech Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Emmforce

CMP

184.80

+0.60 (0.33%)

  • DRHP
₹98

Offer Price

₹ 53.90 Cr

Issue Size

₹ 1,17,600

Min Investment

1,200

Lot size

Time Line

  • 23
    Apr 2024
    Open
  • 25
    Apr 2024
    Close
  • 26
    Apr 2024
    Finalisation of Basis of Allotment
  • 29
    Apr 2024
    Initiation of Refunds
  • 29
    Apr 2024
    Transfer of Shares to Demat Account
  • 30
    Apr 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Customer Centric Approach.

  • Optimal Utilization of Resources.

  • Improving operational efficiencies.

  • Leveraging its Market skills and Relationships.

  • One Stop Solution Approach.

Products & Services

  • Emmforce Autotech Limited is engaged in the business of manufacturing niche automotive drivetrain parts.

Strengths

  • Engineering Excellence.

  • One Stop Solution for Drivetrain Parts.

  • Quality Assurance and Standards.

  • Existing client relationship.

  • Scalable Business Model.

Risks

  • 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.

  • Its failure to identify and understand evolving industry trends and preferences and to develop new products to meet its customers` demands may materially adversely affect the company`s business.

  • There are outstanding legal proceedings involving the Company, Promoters and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
26.83%
Pre Holding

100.00%

Post Holding

73.17%

Top Promoters Holding

Financials

All values in Cr

Oct-2023 Oct-2023 Oct-2023 3-Yr trend
Revenue 24.04 (-) 0.44 (-) 5.19 (-)
Gross Profit 24.04 (-) 0.44 (-) 5.19 (-)
Net Income 24.04 (-) 0.44 (-) 5.19 (-)
Assets 24.04 (-) 0.44 (-) 5.19 (-)
Liabilities 24.04 (-) 0.44 (-) 5.19 (-)

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Plot # 287 Industrial Area,
Phase II Industrial Estate,
Panchkula - 134113
Phone : +91 98760 09999 Email : info@emmforce.com www.emmforce.com

Offer Related Information

Initial public issue of 54,99,600 equity shares of Rs. 10/- each ("Equity Shares") of Emmforce Autotech Limited ("EAL" or the "Company" or the "Issuer") for cash at a price of Rs. 98/- per equity share including a share premium of Rs. 88/- per equity share (the "Issue Price"), aggregating to Rs. 53.90 crores ("The Issue"), of which upto 2,76,000 equity shares of Rs. 10/- each for cash at a price of Rs. 98/- per equity share including a share premium of Rs. 88/- per equity share aggregating... More

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