IPO SYNOPSIS

Emmforce Autotech Ltd
Registered Office:
Plot # 287 Industrial Area,Phase II Industrial Estate,
Panchkula - 134113,
Haryana, India.
Website :  www.emmforce.com
Initial public issue of 54,99,600 equity shares of (₹) 10/- each ("Equity Shares") of Emmforce Autotech Limited ("EAL" or the "Company" or the "Issuer") for cash at a price of (₹) 98/- per equity share including a share premium of (₹) 88/- per equity share (the "Issue Price"), aggregating to (₹) 53.90 crores ("The Issue"), of which upto 2,76,000 equity shares of (₹) 10/- each for cash at a price of (₹) 98/- per equity share including a share premium of (₹) 88/- per equity share aggregating to (₹) 2.70 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of upto 52,23,600 equity shares of (₹) 10/- each including a share premium of (₹) 98/- per equity share aggregating to (₹) 51.19 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.83% and 25.48%, respectively of the post issue paid up equity share capital of the company.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
23-Apr-24
25-Apr-24
98.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 1200     Further Multiples of : 1200
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
49.90
Beeline Capital Advisors Pvt Ltd
Project Financed
53.90
 
Post Issue
20.50
 
Issue Price
98.00
 
Projects
Investment in subsidiary company i.e. Emmforce Mobility Solutions Pvt Ltd in form of equity or debt for meeting the requirement of working capital and margin money for term loan of subsidiary company
To meet working capital requirement of the company
General corporate purposes
Promoted By
Ashok Mehta
Neetu Mehta
Azeez Mehta
Listing At
BSE - SME
Registrar to the Issue
No Data Available!!!
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