Discover Emmforce AutoTech Ltdโs IPO details ๐๐ฐ
Emmforce AutoTech Ltd, an auto components manufacturer, is all set to raise Rs 54 crore through its initial public offering (IPO) opening for public subscription on April 23. Letโs explore the key details of this exciting opportunity:
Key Highlights of Emmforce AutoTech Ltdโs IPO ๐๐ธ
โ Fresh issue of 54.99 lakh equity shares
โ Face value of Rs 10 each
โ Price band set at Rs 93-98 per share
โ Public subscription open from April 23-25
โ Anchor investor bidding on April 22
Utilization of IPO Proceeds ๐ก๐ผ
Once the IPO is successfully completed, the company plans to utilize the proceeds as follows:
โ Investment in subsidiary company, Emmforce Mobility Solutions Private Ltd (EMSPL)
โ Setting up a new plant at Jharmajri, Baddi in Himachal Pradesh
โ Meeting working capital requirements
โ General corporate purposes
Company Overview ๐๐
Emmforce AutoTech Ltd specializes in manufacturing niche automotive drivetrain parts with a significant focus on exporting to six continents, especially to North America and Asia. Some key financial highlights include:
โ Revenue of Rs 46.45 crore with a profit of Rs 5.11 crore in the first seven months ending on October 31, 2023
โ FY 2022-23 revenue of Rs 45.69 crore and PAT of Rs 4.38 crore
Book-Running Lead Manager ๐๐ผ
Beeline Capital Advisors Private Ltd has been appointed as the book-running lead manager for Emmforce AutoTech Ltdโs IPO.
Hot Take: Seize the Opportunity! ๐๐ฅ
Donโt miss out on the chance to be a part of Emmforce AutoTech Ltdโs exciting journey through its IPO. With a strong focus on innovation, expansion, and growth, the company is poised for success in the auto components market. Invest wisely and reap the benefits of this promising opportunity!
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