Electro Force (India) Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 19 - Dec 21,2023
Price Band
₹93
Current GMP
₹100 (7.5%)
Subscription
4.28 times
IPO Details
| IPO Date | December 19, 2023 to December 21, 2023 |
| Listing Date | Wednesday, December 27, 2023 |
| Face Value | ₹10 per share |
| Price | ₹93 per share |
| Lot Size | 1200 Shares |
| 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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,400,001 |
| Share holding post issue | 23,400,001 |
| Market Maker portion | 435,600 shares Arham Shares |
IPO Date
December 19, 2023 to December 21, 2023
Listing Date
Wednesday, December 27, 2023
Face Value
₹10 per share
Price
₹93 per share
Lot Size
1200 Shares
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)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME
Share holding pre issue
17,400,001
Share holding post issue
23,400,001
Market Maker portion
435,600 shares Arham Shares
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers* | 2.12 |
| Retail Investors | 6.44 |
| Total ** | 4.28 |
Market Maker
1
Non-Institutional Buyers*
2.12
Retail Investors
6.44
Total **
4.28
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Dec 19, 2023 | 0.34 | 1.52 | 0.93 |
| Day 2 Dec 20, 2023 | 0.59 | 3.45 | 2.02 |
| Day 3 Dec 21, 2023 | 2.12 | 6.44 | 4.28 |
DayDay 1
Dec 19, 2023
NII*0.34
Retail1.52
Total0.93
DayDay 2
Dec 20, 2023
NII*0.59
Retail3.45
Total2.02
DayDay 3
Dec 21, 2023
NII*2.12
Retail6.44
Total4.28
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 27-12-2023 | 93.00 | 0 (0%) | 93 |
| 26-12-2023 | 93.00 | 0 (0%) | 93 |
| 25-12-2023 | 93.00 | 0 (0%) | 93 |
| 24-12-2023 | 93.00 | 0 (0%) | 93 |
| 23-12-2023 | 93.00 | 0 (0%) | 93 |
| 22-12-2023 | 93.00 | 0 (0%) | 93 |
| 21-12-2023 | 93.00 | 0 (0%) | 93 |
| 20-12-2023 | 93.00 | 10 (10.75%) | 103 |
| 19-12-2023 | 93.00 | 10 (10.75%) | 103 |
| 18-12-2023 | 93.00 | 10 (10.75%) | 103 |
| 17-12-2023 | 93.00 | 0 (0%) | 93 |
| 16-12-2023 | 93.00 | 0 (0%) | 93 |
| 15-12-2023 | 93.00 | 0 (0%) | 93 |
| 14-12-2023 | 93.00 | 0 (0%) | 93 |
Date27-12-2023
Price93.00
GMP0 (0%)
Estimate List Price93
Date26-12-2023
Price93.00
GMP0 (0%)
Estimate List Price93
Date25-12-2023
Price93.00
GMP0 (0%)
Estimate List Price93
Date24-12-2023
Price93.00
GMP0 (0%)
Estimate List Price93
Date23-12-2023
Price93.00
GMP0 (0%)
Estimate List Price93
Date22-12-2023
Price93.00
GMP0 (0%)
Estimate List Price93
Date21-12-2023
Price93.00
GMP0 (0%)
Estimate List Price93
Date20-12-2023
Price93.00
GMP10 (10.75%)
Estimate List Price103
Date19-12-2023
Price93.00
GMP10 (10.75%)
Estimate List Price103
Date18-12-2023
Price93.00
GMP10 (10.75%)
Estimate List Price103
Date17-12-2023
Price93.00
GMP0 (0%)
Estimate List Price93
Date16-12-2023
Price93.00
GMP0 (0%)
Estimate List Price93
Date15-12-2023
Price93.00
GMP0 (0%)
Estimate List Price93
Date14-12-2023
Price93.00
GMP0 (0%)
Estimate List Price93
IPO Important Dates
| IPO Open Date | Tuesday, December 19, 2023 |
| IPO Close Date | Thursday, December 21, 2023 |
| Basis of Allotment | Friday, December 22, 2023 |
| Initiation of Refunds | Tuesday, December 26, 2023 |
| Credit of Shares to Demat | Tuesday, December 26, 2023 |
| Listing Date | Wednesday, December 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2023 |
IPO Open Date
Tuesday, December 19, 2023
IPO Close Date
Thursday, December 21, 2023
Basis of Allotment
Friday, December 22, 2023
Initiation of Refunds
Tuesday, December 26, 2023
Credit of Shares to Demat
Tuesday, December 26, 2023
Listing Date
Wednesday, December 27, 2023
Cut-off time for UPI mandate confirmation
5 PM on December 21, 2023
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹111,600 |
| Retail (Max) | 1 | 1200 | ₹111,600 |
| HNI (Min) | 2 | 2,400 | ₹223,200 |
ApplicationRetail (Min)
Lots1
Shares1200
Amount₹111,600
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹111,600
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹223,200
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 7,827.00 | 7,231.51 | 4,783.37 |
| Revenue | 2,314.19 | 3,028.81 | 3,443.55 |
| Profit After Tax | 711.08 | 799.60 | 864.26 |
| Net Worth | 2,546.41 | 1,835.33 | 1,035.73 |
| Reserves and Surplus | 806.41 | 95.33 | 535.73 |
| Total Borrowing |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 20237,827.00
31 Mar 20237,231.51
31 Mar 20224,783.37
Period EndedRevenue
30 Sep 20232,314.19
31 Mar 20233,028.81
31 Mar 20223,443.55
Period EndedProfit After Tax
30 Sep 2023711.08
31 Mar 2023799.60
31 Mar 2022864.26
Period EndedNet Worth
30 Sep 20232,546.41
31 Mar 20231,835.33
31 Mar 20221,035.73
Period EndedReserves and Surplus
30 Sep 2023806.41
31 Mar 202395.33
31 Mar 2022535.73
Period EndedTotal Borrowing
30 Sep 2023
31 Mar 2023
31 Mar 2022
Key Performance Indicator
| P/E (x) | 20.22 |
| Post P/E (x) | 15.3 |
| Market Cap (₹ Cr.) | 217.62 |
| ROE | 43.57% |
| ROCE | 58.23% |
| EPS (Rs) | 4.6 |
P/E (x)
20.22
Post P/E (x)
15.3
Market Cap (₹ Cr.)
217.62
ROE
43.57%
ROCE
58.23%
EPS (Rs)
4.6
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 435,600 (5.02%) |
| Other Shares Offered | 4,119,600 (47.49%) |
| Retail Shares Offered | 4,119,600 (47.49%) |
| Total Shares Offered | 8,674,800 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
435,600 (5.02%)
Other Shares Offered
4,119,600 (47.49%)
Retail Shares Offered
4,119,600 (47.49%)
Total Shares Offered
8,674,800 (100%)
Information about company
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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