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Electro Force (India) IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Palghar and caters to Electric Equipments sector. First Overseas Capital is the merchant banker of Electro Force (India) IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 11th September 2023.
Electro Force (India) IPO open date is 19th December 2023 and close date is 21st December 2023. IPO Allotment Date is 22nd December 2023 and Listing date is 27th December 2023.Electro Force (India) IPO size is Rs 80.68 Cr. crores with IPO price of Rs 93.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
First Overseas Capital Limited is the book-running lead manager of the Electro Force (India) IPO. Skyline Financial Services Private Limited is the Registrar and Market Maker is Arham Shares Private Limited for Electro Force (India) IPO.
Electro Force (India) IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Electro Force (India) IPO, based in Palghar, operates in the Electric Equipments sector with a focus on designs and manufactures electrical components, metal / plastic contact parts. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Electro Force (India) IPO size is ₹ 80.68 Cr. Crores with fresh issue size of Rs 80.68 Cr. Crores and Offer for sale being 80.68..
The IPO allotment date for Electro Force (India) IPO is expected to be 22nd December 2023, after the finalization of basis of allotment. Investors can check Electro Force (India) IPO allotment status on the registrars website, Skyline Financial Services Private Limited. Electro Force (India) IPO refund dates are 26th December 2023.
Electro Force (India) IPO is expected to be listed on 27th December 2023.
The upper price band for the Electro Force (India) IPO is set at ₹ 93.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Electro Force (India) IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Electro Force (India) IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 21st December 2023. After submission, funds are blocked until the basis of allotment of Electro Force (India) IPO is finalised.
The merchant banker for Electro Force (India) IPO is First Overseas Capital Limited . First Overseas Capital Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Electro Force (India) IPO RHP for further details.
The registrar for Electro Force (India) IPO is Skyline Financial Services Private Limited. Investors can go to Skyline Financial Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Electro Force (India) IPO through their official website or helpline.
Electro Force (India) IPO was subscribed 4.28 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 80.68 Cr.
Avg IPO Size (Sector Based)
:
₹ 34.18 Cr.
Sector: Electric Equipments
SME IPO so far:
39
Merchant Banker:
First Overseas
SME IPO by BRLM so far:
47
City:
Palghar
SME IPO so far:
4
Revenue (annualised):
₹ 46.20 cr.
PE
Ratio:
15.30x
Average Sector PE Ratio: 18.31x
Electro Force (India) IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Electro Force (India) Financial Review Page
Merchant Banker(s) of Electro Force (India) IPO: First Overseas Capital Limited
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 37.80.
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