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Home All IPOs Electro Force (India) Ltd IPO
Electro Force (India) Ltd IPO
NSE SME Fixed Price IPO Fresh Capital-cum-Offer for Sale Closed Live Chart
GMP +₹0 +0% Est. Listing ₹93
Issue Price
₹93
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹93
GMP based
Lot Size
1,200
shares / lot
Min Amount
₹111,600
1 lot · 1,200 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
19 Dec 2023
Tue Completed
Done
Close Date
21 Dec 2023
Thu Completed
Done
Allotment
22 Dec 2023
Fri Completed
Done
Refund
26 Dec 2023
Tue Completed
Done
Demat Credit
26 Dec 2023
Tue Completed
Done
Listing Date
27 Dec 2023
Wed Completed
UPI Deadline: 21 Dec 2023
Issue Details
Pricing & Size
Issue Price
₹93 Face ₹10
Lot Size
1,200 shares
Min Investment
₹111,600
Total Issue Size
86,74,800 shares (aggregating up to ₹80.68 Cr)
IPO Information
Issue Type
Fixed Price IPO
Sale Type
Fresh Capital-cum-Offer for Sale
Listing Exchange
NSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
4,35,600 (5.02%)
QIB Portion
-
NII / HNI
41,19,600 (47.49%)
Retail
41,19,600 (47.49%)
Employee
-
Net Offer to Public
82,39,200 shares (aggregating up to ₹76.62 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,74,00,001 shares
Post-Issue Shareholding
2,34,00,001 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 1200 ₹1,11,600
HNI / NII 2 2400 ₹2,23,200
Objects of Issue
3 objectives
1
Funding additional working capital requirements of the company
2
Pursuing Inorganic Growth
3
General corporate purposes
Lead Managers & Market Maker
Book Running Lead Managers
First Overseas Capital Ltd.
Market Maker
Arham Shares Pvt.Ltd.
IPO Timeline
Open
19 Dec
✓ Done
Close
21 Dec
✓ Done
Allotment
22 Dec
✓ Done
Listing
27 Dec
✓ Done
Registrar Details
Skyline Financial Services Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
02228511022
Email
ipo@skylinerta.com
Company Contact
Email
compliance@electroforceindia.com
Phone
+91 22 35722456
Address
39/5, Village - Waliv, Taluka - Vasai East, Palghar, Maharashtra, 401208
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹93
Est. Listing
₹93
Lot Size
1,200 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Electro Force (India) Ltd LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
Vol
Div
Yld
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| Price
Market Reference
IPO Issue Price
₹93
GMP
+₹0 (+0%)
GMP Est. Listing
₹93
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
NII / HNI (Total) 41,19,600 (47.49%) ₹3,831.23 Cr
Retail Investors 41,19,600 (47.49%) ₹3,831.23 Cr
Total ** 86,74,800 (100.00%) ₹80,675.64 Cr
Market Maker * 4,35,600 (5.02%) ₹40.51 Cr
* Based on ₹93.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
NII
41,19,600 (47.49%)
Retail
41,19,600 (47.49%)
Market Maker
4,35,600 (5.02%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Lakhs
Metric30 Sep 202331 Mar 202331 Mar 2022
Revenue2314.193028.813028.81
PAT711.08799.60864.26
EBITDA
Net Worth2546.411835.331035.73
Total Assets7827.007231.514783.37
Reserves806.4195.33535.73
Borrowings
Key Financial Ratios
43.57%
ROE
Return on Equity
58.23%
ROCE
Return on Capital Employed
43.57%
RONW
Return on Net Worth
4.60
Pre EPS
EPS Pre-Issue
20.22
Pre P/E
P/E Pre-Issue
15.3
Post P/E
P/E Post-Issue
About Electro Force (India) Ltd

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.

Frequently Asked Questions
What is the issue price of Electro Force (India) Ltd IPO?
The issue price of Electro Force (India) Ltd IPO is ₹93 per share, face value ₹10.
What is the lot size?
Minimum lot size is 1,200 shares, requiring ₹111,600.
What are the IPO dates?
Opens 19 Dec 2023, closes 21 Dec 2023.
When is the listing date?
Tentative listing: 27 Dec 2023 on NSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹93 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Electro Force (India) Ltd IPO · Expected 22 Dec 2023

Check on Registrar
Post-IPO Timeline
Allotment Date
22 Dec 2023
Refund Initiation
26 Dec 2023
Demat Credit
26 Dec 2023
Listing Date
27 Dec 2023
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹93
Face ₹10
Lot Size
1,200
shares / lot
Min Amount
₹111,600
1 lot
Est. Listing
₹93
GMP +₹0
Key Dates
Open
19 Dec Done
Close
21 Dec Done
Listing
27 Dec Done
Registrar
Skyline Financial Services Pvt.Ltd.
A
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