Emmforce Autotech IPO
About Emmforce Autotech Limited Established in 2012, Emmforce Autotech Limited specializes in manufacturing and exporting drivetrain parts for specialized vehicles, including differential housings, locks, covers, and more. Competitive Strengths
Engineering Excellence: Proficient in research, design, and development, leveraging a wide array of materials and processes.
Comprehensive Product Range: Offers a complete range of drivetrain parts, serving as a one-stop solution.
Quality Assurance: Maintains strict quality standards throughout the production process.
Established Customer Relationships: Boasts longstanding customer relationships, resulting in regular orders.
Scalable Business Model: Maximizes existing resources, capitalizing on expertise for consistent customer satisfaction.
Experienced Management Team: Led by experienced professionals, ensuring effective leadership and decision-making.
Emmforce Autotech Promoter Details
Promoters: Mr. Ashok Mehta, Mrs. Neetu Mehta, and Mr. Azeez Mehta
Shareholding Pre-Issue: 100.00%
Shareholding Post-Issue: 73.17%
IPO Objectives:
Investment in a subsidiary company, Emmforce Mobility Solutions Private Limited, for working capital and term loan margin.
Meeting working capital requirements.
General corporate purposes.
Emmforce Autotech SME IPO: Key Details
IPO Dates: 23 to 25 April 2024
Price Band: ₹93 to ₹98 per share
Lot Size: 1200 Shares
Amount Per Lot: ₹1,17,600
Issue Size: ₹53.90 Crs
GMP: +80% (only for information)
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