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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹80.68 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹80.68 Cr |
| Fresh Issue | ₹51.75 Cr |
| Offer for Sale | ₹24.88 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹93.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | EFORCE |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | First Overseas Capital Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding additional working capital requirements of the Company | 25.00 |
| 2 | Pursuing Inorganic Growth | 5.50 |
| 3 | General corporate purposes | 13.90 |
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 78.27 | 72.32 | 47.83 | 17.20 |
| Total Income | 23.14 | 30.29 | 34.44 | 15.87 |
| Profit After Tax | 7.11 | 8.00 | 8.64 | -2.24 |
| NET Worth | 25.46 | 18.35 | 10.36 | 1.71 |
| Reserves and Surplus | 8.06 | 0.95 | 5.36 | -3.29 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 43.57% |
| ROCE | 58.23% |
| RoNW | 43.57% |
| PAT Margin | 26.43% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.60 | |
| P/E (x) | 20.22 | 15.3 |
| Promoter Holding | 100.00% | 62.93% |
| Market Cap | ₹217.62 Cr. | |
