What you must know about Electro Force (India) IPO?
by 5paisa Research Team
15 Dec 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 27-Dec-23
- IPO Price Range ₹ 93
- Listing Price ₹ 100
- Listing Change 7.5%
- Last Traded Price ₹ 92.5
- Current Change -0.5%
Electro Force IPO Details
- Open Date 19-Dec-23
- Close Date 21-Dec-23
- Lot Size 1200
- IPO Size ₹ 80.68 Cr
- IPO Price Range ₹ 93
- Min Investment ₹ 111600
- Listing Exchange NSE SME
- Basis of Allotment 22-Dec-23
- Refunds 26-Dec-23
- Credit to Demat Account 26-Dec-23
- Listing Date 27-Dec-23
Electro Force India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Dec-23 | - | 0.34 | 1.51 | 0.93 |
| 20-Dec-23 | - | 0.59 | 3.45 | 2.02 |
| 21-Dec-23 | - | 2.12 | 6.44 | 4.28 |
Electro Force IPO Synopsis
Electro Force Limited IPO is all set to open from 19th December to 21st December 2023. The company is involved in the business of electrical components, and metal/plastic contact parts. The IPO includes a fresh issue of 6,000,000 shares worth ₹55.80 cr and an Offer-for-Sale (OFS) of 2,674,800 shares worth ₹24.88 cr. The total IPO size is ₹80.68 cr. The share allotment date is 22nd December, and the IPO will be listed on 27th December on the stock exchanges. The price is ₹93 per share and the lot size is 1200 shares.
First Overseas Capital Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Electro Force IPO:
Electro Force Limited plans to utilize the raised capital from the IPO to:
● To fund inorganic growth.
● To fund working capital requirements.
● General corporate purposes.
About Electro Force India
Incorporated in 2010, Electro Force Limited is involved in the business-to-business (B2B) of designing and producing electrical components, and metal/plastic contact parts. The company has an ISO 9001:2015 certification. Its manufacturing facility is based in Vasai, Maharashtra.
Electro Force has specialization in designing and manufacturing precision sheet metal components, high-speed metal stamping components, plastic injection mouldings, insert and over moulding, sub-assemblies and value-added services. Its offerings are used in electronics, lighting, switchgear and allied industries in India.
Peer Comparison
● Centum Electronics Limited
● RIR Power Electronics Limited
For More Information:
Electro Force IPO GMP
Webstory on Electro Force IPO
Know About Electro Force IPO
Electro Force India Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 30.25 | 34.39 | 15.74 |
| EBITDA | 11.35 | 11.41 | -1.55 |
| PAT | 7.99 | 8.64 | -2.24 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 72.32 | 47.83 | 17.19 |
| Share Capital | 17.40 | 5.00 | 5.00 |
| Total Borrowings | 53.96 | 37.48 | 15.48 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -0.23 | 3.59 | 3.02 |
| Net cash from / (used in) investing activities | -0.33 | 3.16 | -3.67 |
| Net cash flow from / (used in) financing activities | -8.78 | 2.90 | 0.43 |
| Net increase (decrease) in cash and cash equivalents | -9.35 | 9.65 | -0.21 |
Electro Force IPO Key Points
-
Strengths
1. The company has a high standard of product quality and customer service.
2. It has in-house R&D, tool room and continuous new product development.
3. The company offers a variety of products to meet the needs of different customers.
4. Experienced management team.
-
Risks
1. Prone to changing consumer preferences.
2. Higher working capital requirements.
3. The overall margins may fluctuate as a result of the product mix manufactured by the company.
4. There are legal proceedings against the company promoters and directors.
Electro Force
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Electro Force IPO FAQs
What is the minimum lot size and investment required for the Electro Force IPO?
The minimum lot size of Electro Force IPO is 1200 shares and the investment required is ₹1,11,600.
What is the price band of Electro Force IPO?
The price for Electro Force IPO is ₹93 per share.
When does the Electro Force IPO opens and closes?
Electro Force IPO opens from 19th December to 21st December 2023.
What is the size of the Electro Force IPO?
The size of Electro Force IPO is ₹80.68 cr.
What is the allotment date of the Electro Force IPO?
The share allotment date of Electro Force IPO is 22nd December 2023.
What is the allotment date of the Electro Force IPO?
The share allotment date of Electro Force IPO is 22nd December 2023.
Who are the book runners for the Electro Force IPO?
First Overseas Capital Limited is the book-running lead manager for Electro Force IPO.
What is the objective of the Electro Force IPO?
Electro Force Limited plans to utilize the raised capital from the IPO to:
1. To fund inorganic growth.
2. To fund working capital requirements.
3. General corporate purposes.
How to apply for the Electro Force IPO?
To apply for Electro Force IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Electro Force IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Electro Force India IPO
Contact Information
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/
Electro Force India IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Electro Force India IPO Lead Manager
First Overseas Capital Limited
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