Electro Force (India) Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹93 - ₹93
- Lot size
- 1,200 shares
- Issue amount
- ₹80.68 cr
- Total subscription
- 4.33×
- Opens
- 19 Dec 2023
- Closes
- 21 Dec 2023
- Allotment
- 23 Dec 2023
- Listing
- 27 Dec 2023
Offer at a glance
Issue overview
- Issue size
- 86,74,800 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,11,600
- Fresh issue
- ₹55.8 cr
- Offer for sale
- ₹24.88 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,11,600
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,74,00,001
- Shares after issue
- 2,34,00,001
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,11,600 |
| HNI | 2 | 2,400 | ₹2,23,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 38.31 | 246.84 |
| NIB | 38.31 | 85.23 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 4.6 |
| ROE | 43.57 |
| ROCE | 58.23 |
| RONW | 43.57 |
| PRE IPO(PE) | 20.22 |
| POST IPO(PE) | 15.3 |
Values and labels as reported in the issue data.
Company information
Company profile
About Electro Force (India) Limited Founded in 2010, Electro Force (India) Limited specializes in designing and manufacturing electrical components and metal/plastic contact parts for electronics, lighting, switchgear, and related industries in India. What They Do The company produces stamping and plastic components using metal stamping, injection molding, and insert molding. Their products include: Miniature Circuit Breakers (MCBs) 63A Electrical Manual Transfer Switches MCCBs & RCBs Brushless DC Motors for medical devices, aerospace, defense, and automation Electrical Motor Starters Electrical Control Gears & Switches Additional Services Electro Force also offers quality testing, packaging, assembly, secondary operations, and logistics services to ensure high standards and efficiency. Manufacturing Facility The company operates from a leased manufacturing facility in Vasai, Maharashtra, covering over 10,000 square feet. With a strong focus on precision, quality, and innovation, Electro Force (India) Limited continues to serve key industries with high-performance electrical components.
Promoters
Ayesspea Holdings and Investments Private Limited
Garuda Television Private Limited
Pravin Kumar Brijendra Kumar Agarwal
Registrar & documents
Lead manager
First Overseas Capital Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
39/5, Village - Waliv, Taluka - Vasai East, Palghar - 401 208
+91 22 35722456
[email protected]Company website ↗Understanding EFORCE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.