Emmforce Autotech IPO

Emmforce Autotech Limited was founded in 2012 and is a manufacturer and exporter of drivetrain parts for niche vehicles. The company's product list includes differential housings, differential locks, differential covers, 4WD locking hubs, spindles, axles and shafts, gear shifters, yokes, differential spools, differential tools, and various forged/cast differential parts mainly for 4WD and high-performance racing vehicles. Competitive strengths: Engineering excellence: in-house research, design and development and in-depth knowledge of a wide range of materials and processes One-stop solution for drivetrain parts Quality assurance and standards: Strict quality standards are followed and maintained throughout the process. Existing customer relationships: Two decades of good customer relationships contribute to the company receiving regular orders from its customers. Scalable business model: The company's business model is to make the best use of existing resources, create linkages with the development team's expertise, and achieve consistent customer satisfaction. Experienced management team The company's manufacturing facility is located in Baddi, Himachal Pradesh. As of October 31, 2023, the company employed 128 people.

The company intends to utilize the net proceeds of the Issue to meet the following objectives: Investment in a Subsidiary Company i.e. Emmforce Mobility Solutions Private Limited (EMSPL) in the form of equity or debt for meeting the requirement of working capital and margin money for term loan of the Subsidiary Company. To Meet the Working Capital Requirements of the company. General Corporate Purpose.

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