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IPO Synopsis


Emmforce Autotech Ltd

Registered Office: Plot # 287 Industrial Area,Phase II Industrial Estate, Panchkula - 134113, Haryana, India.
Phone : +91 98760 09999   Fax:
Email :  info@emmforce.com  
Website :  www.emmforce.com

Initial public issue of 54,99,600 equity shares of Rs. 10/- each ("Equity Shares") of Emmforce Autotech Limited ("EAL" or the "Company" or the "Issuer") for cash at a price of Rs. 98/- per equity share including a share premium of Rs. 88/- per equity share (the "Issue Price"), aggregating to Rs. 53.90 crores ("The Issue"), of which upto 2,76,000 equity shares of Rs. 10/- each for cash at a price of Rs. 98/- per equity share including a share premium of Rs. 88/- per equity share aggregating to Rs. 2.70 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of upto 52,23,600 equity shares of Rs. 10/- each including a share premium of Rs. 98/- per equity share aggregating to Rs. 51.19 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.83% and 25.48%, respectively of the post issue paid up equity share capital of the company.

Issue Money Payable On
Opens on Closes On Application Allotment
23-Apr-24 25-Apr-24 98.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 1200   Further Multiples of : 1200
  Rs(Cr.) Lead Managers to the Issue
Project Cost 49.90 Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 53.90  
Post Issue Equity Share Capital 20.50  
Issue Price 98.00  

Project

  • Investment in subsidiary company i.e. Emmforce Mobility Solutions Pvt Ltd in form of equity or debt for meeting the requirement of working capital and margin money for term loan of subsidiary company
  • To meet working capital requirement of the company
  • General corporate purposes

Promoted By

Ashok Mehta

Neetu Mehta

Azeez Mehta

Listing At

BSE - SME

Registrar to the Issue

Link Intime India Pvt Ltd