247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Electro Force (India) Limited IPO (Electro Force (India) IPO) Details

Electro Force (India) Limited is an Electric Equipments based company, located in Palghar, Electro Force (India) Limited IPO size was 80.68 Cr. and was issued at 93.00 per share. The share of Electro Force (India) Limited were listed at 105.00 per share and are currently trading at 58.40 per share.

Type :
Sub Sector :
SME IPO
NSE EMERGE

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
46.28 Cr.

PAT :
14.22 Cr.

Pricing Report

Issue Price :
93.00

Listing Price :
105.00

Current Market Price :
58.40

Issue Price vs CMP :
34.6 (37.20%)

listing Price vs CMP :
46.6 (44.38%)

Performance Report (CAGR* wise)

CAGR : -35.23
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Electro Force (India)

Company Information
Electro Force is an ISO 9001:2015-certified company that designs and manufactures electrical components, metal / plastic contact parts, and supplies these products to the industry players via a business-to-business (B2B) model. The company started in the year 2010 as Electro Force (India) Pvt Ltd. Since inception, the Company has been a supplier of high grade precision metal electrical contact parts and components, connectors and assemblies for applications in electronics, lighting, switchgear and allied industries in India. Their manufacturing unit is located at Vasai in Maharashtra. They offer end-to-end product solutions to their customers under the B2B model wherein they provide services ranging from designing, manufacturing, quality testing and packaging to logistics. They also offer products in the intermediate stages to many of their customers. Their
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Object of Issue
  • Funding additional working capital requirements of the company
  • Pursuing Inorganic Growth
  • General corporate purposes

Electro Force (India) SME IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
Dec, 2023
IPO Size :
80.68 Cr.
Market Cap :
217.62 Cr.   
IPO Subscription :
4.28 X     
PE Multiple :
15.30
IPO Registrar:
Skyline Financial Services Private Limited
Anchor Investors:

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FAQs

Electro Force (India) operates in Electric Equipments and . The Issue is listed on NSE EMERGE in Dec, 2023. Electro Force (India) IPO size was 80.68 Cr. with Issue price of 93.00 .

Electro Force (India) IPO subscription was 4.28 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Electro Force (India) IPO listed at a listing price of 105.00 against the offer price of 93.00.

The current market price of Electro Force (India) is 58.40.

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