ELECTRO FORCE INDIA (NSE SME)
December 19, 2023 – December 21, 2023
| Price | ₹93 - ₹93 |
| Premium | ₹0 |
|---|---|
| Lot size | 1200 |
| Allotment | Dec 23, 2023 |
| Listing | Dec 27, 2023 |
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/
Last updated on 21-Dec-2023 17:15:13
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 4119600 | 9164400 | 2.22 |
| RETAIL | 4119600 | 26541600 | 6.44 |
| Total | 8239200 | 35706000 | 4.33 |
| Retail Apps | 22118 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 111600 | 3433 |
| HNI | 2 | 2400 | 223200 | 3433 |
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.
Electro Force India IPO Details
| 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 |
Electro Force India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Company Financials
Electro Force (India) Limited Financial Information (Restated)
Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 7,827.00 | 7,231.51 | 4,783.37 | 1,719.96 |
| Revenue | 2,314.19 | 3,028.81 | 3,443.55 | 1,587.13 |
| Profit | 711.08 | 799.60 | 864.26 | -223.69 |
| Net Worth | 2,546.41 | 1,835.33 | 1,035.73 | 171.47 |
| Reserves | 806.41 | 95.33 | 535.73 | -328.53 |
| Borrowing | ||||
| Amount in ₹ Lakhs | ||||