Electro Force (India) Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 18-12-2023 | 20-12-2023 | 10 | 93 | 1200 Shares | NSE SME | 8,674,800 shares (aggregating up to ₹80.68 Cr) | 2023-12-21 18:30:00 | 2023-12-25 18:30:00 | 2023-12-25 18:30:00 | 26-12-2023 |
About The Company
Electro Force India IPO is a fixed price issue of Rs 80.68 crores. The issue is a combination of fresh issue of 60 lakh shares aggregating to Rs 55.80 crores and offer for sale of 26.75 lakh shares aggregating to Rs 24.88 crores.
Electro Force India IPO opens for subscription on December 19, 2023 and closes on December 21, 2023. The allotment for the Electro Force India IPO is expected to be finalized on Friday, December 22, 2023. Electro Force India IPO will list on NSE SME with tentative listing date fixed as Wednesday, December 27, 2023.
Electro Force India IPO price is ₹93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹223,200.
First Overseas Capital Limited is the book running lead manager of the Electro Force India IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Electro Force India IPO is Arham Shares.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 29-09-2023 | 7827 | 2314 | 711 | 2546.41 | 806.41 | 0 |
| 30-03-2023 | 7232 | 3029 | 800 | 1835.33 | 95.33 | 0 |
| 30-03-2022 | 4783 | 3444 | 864 | 1035.73 | 535.73 | 0 |
| 30-03-2021 | 1720 | 1587 | -224 | 171.47 | -328.53 | 0 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | 111600 |
| Retail (Max) | 1 | 1200 | 111600 |
| HNI (Min) | 2 | 2400 | 223200 |
IPO Listing Details
| Listing Date | 26-12-2023 |
| BSE Script Code | N/A |
| NSE Symbol | N/A |
| ISIN | N/A |
| Final Issue Price | 0 |
Promoter holdings
Pravin Kumar Brijendra Kumar Agarwal
Contact Information of the Company
Electro Force (India) Limited
39/5, Village - Waliv,
Taluka - Vasai East,
Palghar - 401 208
Phone: +91 22 35722456
Email: compliance@electroforceindia.com
Website: https://electroforceindia.com/
IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
IPO Lead Manager
First Overseas Capital Limited