Electro Force (India) Limited IPO
₹93
1200
4.28
| Open Date: | 19-Dec-2023 |
| Close Date: | 21-Dec-2023 |
| Allotment Date: | 22-Dec-2023 |
| Listing Date: | 27-Dec-2023 |
| Listing Price: | ₹110.25/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹93 Per Equity Share |
| Issue Size: | Total Issue Size 8,674,800 shares (aggregating up to ₹80.68 Cr) : Fresh Issue 6,000,000 shares (aggregating up to ₹55.80 Cr) : Offer for Sale 2,674,800 shares of ₹10 (aggregating up to ₹24.88 Cr) |
| Market Lot (Min Amount): | Retail - ₹111,600 : HNI - ₹223,200 |
As on | QIB / Nll | Rll | Total |
|---|---|---|---|
| Shares Offered/Reserved | 4,119,600 | 4,119,600 | 8,239,200 |
| Day 1 - 19-12-23 05:00 PM | 0.34x | 1.52x | 0.93x |
| Day 2 - 20-12-23 05:00 PM | 0.59x | 3.45x | 2.02x |
| Day 3 - 21-12-23 05:00 PM | 2.12x | 6.44x | 4.28x |
| Total No. of Application: | 22,118 (Approx.) | ||
| Retail Subscription on the basis of Apps: | 6.44x | ||
| Earning Per Share(EPS) | ₹4.6/- |
| P/E Ratio | 20.22 |
| RoNW | 43.57% |
| Net Asset Value (NAV) - Post Issue: | ₹10.55/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Sep,2023 | 7,827.00 | 2,314.19 | 711.08 |
| 31 Mar,2023 | 7,231.51 | 3,028.81 | 799.60 |
| 31 Mar,2022 | 4,783.37 | 3,443.55 | 864.26 |
| 31 Mar,2021 | 1,719.96 | 1,587.13 | -223.69 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 62.93% |
| 1. Ayesspea Holdings and Investments Private Limited |
| 2. Garuda Television Private Limited |
| 3. Pravin Kumar Brijendra Kumar Agarwal |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding additional working capital requirements of the company
- Pursuing Inorganic Growth
- General corporate purposes
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.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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