Emmforce Autotech Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,611,200 (47%) | — | ₹2,559 Cr |
| NII (HNI) | — | 783,600 (14%) | — | ₹768 Cr |
| Retail | — | 1,828,800 (33%) | — | ₹1,792 Cr |
| Market Maker | — | 276,000 (5%) | — | ₹27 Cr |
| Σ Total | — | 5,499,600 (100%) | — | ₹53,896 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 | ₹117,600 |
| Retail (Max) | 13 | 15,600 | ₹1,528,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,646,400 |
| B-HNI (Min) | 67 | 80,400 | ₹7,879,200 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 4,790 | 4,875 | 7,138 |
| Profit After Tax | 512 | 439 | 733 |
| Net Worth | 1,500 | 2,345 | 2,129 |
| Total Assets | 5,597 | 4,895 | 5,257 |
| Reserves & Surplus | 44 | — | — |
| Total Borrowing | 2,404 | 1,535 | 1,651 |
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
- 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. –
Company Overview
Emmforce Autotech Limited was founded in 2012 and is a manufacturer and exporter of drivetrain parts for niche vehicles.
The company's product list includes differential housings, differential locks, differential covers, 4WD locking hubs, spindles, axles and shafts, gear shifters, yokes, differential spools, differential tools, and various forged/cast differential parts mainly for 4WD and high-performance racing vehicles.
Competitive strengths:
- Engineering excellence: in-house research, design and development and in-depth knowledge of a wide range of materials and processes
- One-stop solution for drivetrain parts
- Quality assurance and standards: Strict quality standards are followed and maintained throughout the process.
- Existing customer relationships: Two decades of good customer relationships contribute to the company receiving regular orders from its customers.
- Scalable business model: The company's business model is to make the best use of existing resources, create linkages with the development team's expertise, and achieve consistent customer satisfaction.
- Experienced management team
The company's manufacturing facility is located in Baddi, Himachal Pradesh.
As of October 31, 2023, the company employed 128 people.