Issue Price
₹93
Per Share
GMP
NIL
Grey Market
Est. Listing
₹93
Expected Price
Min. Application
₹223,200
2 lots × 1200 shares
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.
Electro Force (India) Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 435,600 | — | ₹4.05 Cr | — |
| TOTAL | 8,674,800 | 100.00% | ₹80.68 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹111,600 |
| Retail (Max) | 13 | 15,600 | ₹1,450,800 |
| sNII (Min) | 14 | 16,800 | ₹1,562,400 |
| bNII (Min) | 68 | 81,600 | ₹7,588,800 |
| Particulars | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 2314.19 | 3028.81 | 3028.81 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 711.08 | 799.60 | 864.26 |
| Net Worth | 2546.41 | 1835.33 | 1035.73 |
| Total Assets | 7827.00 | 7231.51 | 4783.37 |
| Reserves & Surplus | 806.41 | 95.33 | 535.73 |
| Total Borrowings | N/A | N/A | N/A |