Emmforce Autotech Limited
Book Built Issue IPO · BSE
- Price band
- ₹93 - ₹98
- Lot size
- 1,200 shares
- Issue amount
- ₹53.9 cr
- Total subscription
- 364.44×
- Opens
- 23 Apr 2024
- Closes
- 25 Apr 2024
- Allotment
- 26 Apr 2024
- Listing
- 30 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 54,99,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,11,600
- Fresh issue
- ₹53.9 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,17,600
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,50,00,000
- Shares after issue
- 2,04,99,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,17,600 |
| HNI | 2 | 2,400 | ₹2,35,200 |
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 |
|---|---|---|
| QIBs | 10.24 | 1,644.81 |
| RETAIL | 17.92 | 4,796.35 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-23 | Mar-22 |
|---|---|---|
| EPS | 2.93 | 4.88 |
| ROE | 19.62 | 40.1 |
| ROCE | 34.34 | 56.61 |
| RONW | 18.71 | 34.41 |
| PRE IPO(PE) | 9.52 | 0 |
| POST IPO(PE) | 33.5 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2012, Emmforce Autotech Limited is a leading manufacturer and exporter of drivetrain components, specializing in 4WD and high-performance racing vehicles. The company offers a wide range of products, including differential parts, gear shifters, and axles. With strong in-house research, design, and development capabilities, Emmforce Autotech ensures high-quality manufacturing through deep expertise in materials and production processes. Strict quality checks guarantee reliable products, while long-term client relationships drive consistent orders and market presence. Operating from its Baddi, Himachal Pradesh facility, the company is led by an experienced management team and follows a scalable business model. As of October 31, 2023, Emmforce Autotech had 128 dedicated employees, continuing its growth as a trusted name in drivetrain solutions.
Strengths
- Comprehensive Drivetrain Product Range: Emmforce Autotech provides a complete lineup of drivetrain components such as differential housings, lockers, covers, and 4WD locking hubs, offering customers a reliable one-stop solution for premium automotive parts.
- Scalable and Growth-Oriented Business Model: Built on strong expertise in niche automotive manufacturing, the company is well-positioned to scale operations and tap into new market opportunities as the industry evolves.
- Leadership with Deep Industry Experience: Guided by Mr. Ashok Mehta, who brings over three decades of automotive industry knowledge, the company benefits from strong strategic direction, market understanding, and sustained global expansion.
Risk factors
- Strict Quality Compliance Risks: The company must adhere to stringent quality standards, and any failure to meet them could result in order cancellations, damaging its reputation and affecting both financial performance and operational stability.
- High Dependence on the Automobile Sector: Emmforce Autotech’s business is closely tied to the automotive industry, making it vulnerable to market slowdowns, reduced demand, or sector-specific challenges that could impact sales, profitability, and growth.
- History of Negative Cash Flows: Past instances of negative cash flow may point to potential liquidity concerns. If this pattern continues, it could hinder daily operations, limit investments, and affect long-term expansion plans.
Promoters
Mr. Ashok Mehta
Mrs. Neetu Mehta
Mr. Azeez Mehta
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 287, Industrial Area, Phase II Industrial Estate, Panchkula -134113
+91- 9876009999
[email protected]Company website ↗Understanding EMMFORCE 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.