Emmforce Autotech, established on September 25, 2012, specialises in crafting bespoke automotive drivetrain components. Their product range includes a variety of precision parts such as differential housings, lockers, covers, 4WD locking hubs, spindles, axles & shafts, gear shifters, yokes, spools, and various forged or cast components designed primarily for 4-wheel drive and high-performance racing vehicles.
| Bidding Dates |
|---|
| 23 Apr 2024 - 25 Apr 2024 |
| Subscription |
|---|
| 338.87x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,11,600 | 1 | 1 | 1200 | 5.5 M | ₹93 - ₹98 | 73.17 % | ₹511.5 M - ₹539.0 M | RHP DOC |
Emmforce Autotech IPO SUBSCRIPTION STATUS
25 Apr '24Emmforce Autotech IPO overall subscription rate was 338.87 times the total available shares
Emmforce Autotech IPO retail subscription rate was 267.62 times in the retail segment
Emmforce Autotech IPO non-institutional investor subscription rate was 637.72 times in the non-institutional investor category
Emmforce Autotech IPO Qualified Institutional Bidder subscription rate was 160.58 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
25 Apr 2024 (Day 3) | 267.62x | 637.72x | 160.58x |
24 Apr 2024 (Day 2) | 92.57x | 86.89x | 10.57x |
23 Apr 2024 (Day 1) | 29.34x | 23.37x | 1.03x |
Emmforce Autotech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 7MFY24 | 51.2 | 464.5 | 135.0 | 107.9 | 21.4% |
| FY23 | 43.9 | 456.9 | 88.7 | 58.4 | 20.9% |
| FY22 | 73.3 | 690.6 | -8.8 | -88.4 | 18.8% |
| FY21 | 50.9 | 504.5 | 72.0 | 69.3 | 19.6% |
Emmforce Autotech IPO SUBSCRIPTION STATUS DETAILS
Emmforce Autotech had 5.5 M shares on offer
Emmforce Autotech IPO offer price was in the range ₹93 - ₹98
Emmforce Autotech IPO minimum Investment was ₹111600
Emmforce Autotech IPO issue size was ₹ 511.5 M - ₹ 539.0 M
Emmforce Autotech had a minimum lot size of 1200 Shares per application
Emmforce Autotech NUMBER OF SHARES ON OFFER
Emmforce Autotech IPO IMPORTANT DATES
| Issue Open Date | 23 Apr 2024 |
| Issue close Date | 25 Apr 2024 |
| Allotment Date | 26 Apr 2024 |
| Refund Date | 29 Apr 2024 |
| Demat Account Credit Date | 29 Apr 2024 |
| Listing Date | 30 Apr 2024 |
| Listing on Exchange(s) | BSE |
| Emmforce Autotech Allotment Status | Exchange |
Emmforce Autotech IPO subscription opened on 23 Apr 2024, and closed on 25 Apr 2024
IPO allotment for Emmforce Autotech was finalized on Friday, 26 Apr 2024
IPO listing for Emmforce Autotech was on BSE on Tuesday, 30 Apr 2024
Emmforce Autotech IPO LISTING GAINS
| Issue Price (adjusted) | 98.0 |
| Listing Open Price | 186.2 |
| Listing Close Price | 195.5 |
| Listing Gain% | 90.0% |
| Current Gain% | 89.8% |
Emmforce Autotech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Emmforce Autotech Ltd. | 186 | 381.3 | 46.2 | 20.4 | 3.4 | 9 | 5.3 | 112.7 | 26.6 | 8.2 | 2.3 | 4 | 2.3 |
| Samvardhana Motherson International Ltd. | 169.7 | 179151.1 | 40.9 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 42960 | 126715.2 | 45.7 | 1.2 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 940.2 | 37.6 |
| UNO Minda Ltd. | 1286.1 | 74268.1 | 61.8 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2804.4 | 54285.4 | 85.2 | -16.2 | 2.4 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 819.7 | 51112.6 | 73.4 | 3.8 | 10.4 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
Emmforce Autotech INFORMATION ON IPO ISSUE
About Emmforce Autotech
Emmforce Autotech, established on September 25, 2012, specialises in crafting bespoke automotive drivetrain components. Their product range includes a variety of precision parts such as differential housings, lockers, covers, 4WD locking hubs, spindles, axles & shafts, gear shifters, yokes, spools, and various forged or cast components designed primarily for 4-wheel drive and high-performance racing vehicles.
Object of the Issue
- Investment in subsidiary company, Emmforce Mobility Solutions, for working capital and margin money for term loan.
- Meeting the company's working capital requirements.
- General corporate purposes.
Emmforce Autotech - PROMOTERS
| Name |
|---|
| Ashok Mehta |
| Neetu Mehta |
| Azeez Mehta |
Emmforce Autotech Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Emmforce Autotech Registrar to the Issue
Link Intime India Private Limited
emmforce.ipo@linkintime.co.in
Emmforce Autotech Strengths
Engineering excellence
Leveraging in-house research, design, and development capabilities alongside extensive expertise in diverse materials and processes, Emmforce Autotech delivers market-driven, innovative, and niche automotive products. These offerings not only cater to the specific needs of their clientele but also contribute to the growth and profitability of their customers' businesses
One-stop solution
The company manufactures a wide variety of drivetrain parts under one roof, offering a convenient solution for clients. By sourcing multiple components from a single supplier, clients can save significantly on logistics costs and streamline their operations, making the company a preferred supplier
Scalable business model
The company's business model focuses on maximizing the use of existing resources, establishing strong links with the expertise of its development team, and ultimately ensuring client satisfaction
Emmforce Autotech Risks
Dependent on auto sector
The company's performance is heavily reliant on the Automobile Sector, particularly in segments such as passenger vehicles, commercial vehicles, and engines
Outstanding legal proceedings
The company, its promoters, and group companies are involved in ongoing legal proceedings. Any unfavorable rulings in these cases could significantly impact the business
Dependent on limited customers
The company relies heavily on its top 10 customers for the majority of its revenue from operations. Any loss of business from one or more of these customers could have a negative impact on both revenue and profitability
IPO FAQs
The promoters of the company are Ashok Mehta, Neetu Mehta and Azeez Mehta.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 93.0 - 98.0.
The IPO application opens on Apr 23, 2024 and closes on Apr 25, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 111,600.0, the maximum value for this IPO is Rs 117,600.0.
This IPO will be allotted on Apr 26, 2024.
The refund will be credited to your account on Apr 29, 2024.
The allotted shares will be credited to your demat on Apr 29, 2024.
Emmforce Autotech Ltd.’s shares listed on the stock exchanges on Apr 30, 2024.