Electro Force (India) Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 4,119,600 (47%) | — | ₹3,831 Cr |
| Retail | — | 4,119,600 (47%) | — | ₹3,831 Cr |
| Market Maker | — | 435,600 (5%) | — | ₹41 Cr |
| Σ Total | — | 8,674,800 (100%) | — | ₹80,676 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹111,600 |
| Retail (Max) | 13 | 15,600 | ₹1,450,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,562,400 |
| B-HNI (Min) | 67 | 80,400 | ₹7,477,200 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 2,314 | 3,029 | 3,029 |
| Profit After Tax | 711 | 800 | 864 |
| Net Worth | 2,546 | 1,835 | 1,036 |
| Total Assets | 7,827 | 7,232 | 4,783 |
| Reserves & Surplus | 806 | 95 | 536 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding additional working capital requirements of the company –
- Pursuing Inorganic Growth –
- General corporate purposes –
Company Overview
Incorporated in 2010, Electro Force (India) Limited designs and manufactures electrical components and metal/plastic contact parts for India's electronics, lighting, switchgear, and allied industries.
Electro Force designs and manufactures stamping components and plastic components by metal stamping, injection molding and insert molding for electrical MCBs (Miniature Circuit Breakers), 63A electrical manual transfer switches, electrical MCCBs & RCBs, brushless DC motors for medical devices/aerospace/defense and automation, electrical motor starters, Electrical Control Gears, and electrical switches.
The company also provides quality testing, packaging, assembly, secondary operations and logistics services.
The company has a leased manufacturing facility in Vasai, Maharashtra, with an area of over 10,000 square feet.