Emmforce AutoTech IPO: Check price band, date of opening and much more - Hindustan Times

Emmforce AutoTech IPO: Check price band, date of opening and much more

Apr 21, 2024 06:21 PM IST

Emmforce AutoTech IPO is coming next week. Know what it brings.

A number of new initial share sales are set to hit the market next week. These are JNK India, Varyaa Creations, Shivam Capitals and others. Among them is the one by auto components maker, the Panchkula-headquartered Emmforce AutoTech IPO, which will be coming to the primary market with its 54-cr IPO. Since this is the middle of the month and the start of the new fiscal, taking stock reveals that the beginnings have been slow for most. However, some analysts are not deterred and say, “Despite a slow start at the beginning of the new financial year, we are exceedingly optimistic about the initial public offerings scheduled for the remainder of the year," Live Mint quoted Mahavir Lunawat, Managing Director, Pantomath Capital Advisors as saying.

Emmforce AutoTech IPO is set to open for subscription on April 23. (Representational image)
Emmforce AutoTech IPO is set to open for subscription on April 23. (Representational image)

Read More: JNK India IPO: Check date for public subscription, price band and more

Check out the top details about the Emmforce AutoTech IPO below:

* Emmforce AutoTech IPO is worth 54 crore

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

* Emmforce AutoTech IPO date for public subscription is April 23 and the last date is April 25.

* Emmforce AutoTech IPO is made up of a fresh issue of 54.99 lakh equity shares

* Emmforce AutoTech equity share face value is of 10 each.

* Emmforce AutoTech IPO price band has been set at 93-98 per share

* Emmforce AutoTech IPO bidding for anchor investors will start a day earlier on April 22.

* Emmforce AutoTech IPO, at the upper end of the price band, will raise 54 cr.

Read More: TCS, Infosys, SBI, ITC, HUL, ICICI shed 1.4 lakh cr in market cap

* Emmforce AutoTech shares will be listed on the BSE SME platform.

* Emmforce AutoTech IPO funds will be invested in Emmforce Mobility Solutions, —which is a subsidiary. The proceeds will go into setting up a new plant at Jharmajri, Baddi, Himachal Pradesh

* Emmforce AutoTech IPO proceeds will also go to meet its general corporate purposes as well as working capital requirement.

* Emmforce AutoTech IPO book-running lead manager is Beeline Capital Advisors.

About Emmforce AutoTech

* Emmforce AutoTech manufactures niche automotive drivetrain parts.

* Emmforce AutoTech sales are mostly through exports - generally to North America and Asia.

Read More: iPhone 14 price cut: Get amazing 16% discount on Amazon

* Emmforce AutoTech revenue is 46.45 crore and the profit after tax (PAT) is 5.11 crore (first 7 months that ended on October 31, 2023).

Tell us what your First Vote will stand for in a short video & get a chance to be featured on HT’s social media handles. Click here to know more!

Get Current Updates on India News, Elections 2024,, Election 2024 Date along with Latest News and Top Headlines from India and around the world.
Share this article

    Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.

Story Saved
Live Score
Saved Articles
My Reads
Sign out
New Delhi 0C
Friday, May 24, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On