Electro Force India IPO Date, Review, Price, Allotment Details

Electro Force India IPO Details: Electro Force India IPO date is fixed, The IPO will open on December 19 and will close on December 21. Electro Force India is an NSE SME IPO to raise ₹80.68 crores via IPO. The Electro Force India IPO price band is fixed at ₹93 with a market lot of 1200 shares.

Electro Force India IPO

Table of Contents

Electro Force India is an ISO 9001:2015-certified company that designs and manufactures electrical components, and 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 its 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 main focus has been on offering integrated services, mostly to Indian manufacturers of electrical components. They can perform precision metal stamping, assembly, and molding. They believe that a team of committed qualified and trained experts has led to the success of their Company and while their products conform to high quality standards, what has distinguished them more from their competitors has been their ability to respond quickly, reliably, and accurately to customer’s needs.

Over the past 13 years, Electro Force India believes that they have accumulated invaluable experience in helping their customers create new designs, incorporating cutting-edge technologies, and effectively utilizing their manufacturing facilities, equipment, and materials. As a result, they are constantly improving their product offerings to better serve their customer’s needs.


Objects of the Issue:

  • Funding additional working capital requirements of the company.
  • Pursuing Inorganic Growth.
  • General corporate purposes.

Electro Force India IPO Review

  • Avoid

Electro Force India IPO Date & Price Band Details

IPO Open:December 19, 2023
IPO Close:December 21, 2023
IPO Size:Approx ₹80.68 Crores, 8,674,800 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹93 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:50% of the net offer
NII Quota:50% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

Electro Force India IPO Market Lot

The Electro Force India IPO minimum market lot is 1200 shares with a ₹111,600 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹111,600
Retail Maximum11200₹111,600
S-HNI Minimum22400₹223,200

Electro Force India IPO Dates

The Electro Force India IPO date is December 19 and the IPO close date is December 21. The IPO allotment date is December 22 and the IPO might list on December 27.

IPO Open Date:December 19, 2023
IPO Close Date:December 21, 2023
Basis of Allotment:December 22, 2023
Refunds:December 26, 2023
Credit to Demat Account:December 26, 2023
IPO Listing Date:December 27, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Electro Force India IPO Form

How to apply Electro Force India IPO? You can apply Electro Force India IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Electro Force India IPO in the Invest section. The other option you can apply Electro Force India IPO via IPO forms download via the NSE website. Check out the Electro Force India forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


Electro Force India Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹15.87₹18.14₹2.24
2022₹34.44₹23.84₹8.64
2023₹30.29₹19.60₹7.00
2023 6M₹23.14₹13.64₹7.11

Electro Force India IPO Valuation – FY2023

Check Electro Force India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹4.60 per Equity Share
Price/Earning P/E Ratio:20.22%
Return on Net Worth (RoNW):43.57%
Net Asset Value (NAV):₹10.55 per Equity Share

Peer Group

  • Centum Electronics Limited
  • RIR Power Electronics Limited

Company Promoters

  • Ayesspea Holdings and Investments Private Limited
  • Garuda Television Private Limited
  • Pravin Kumar Brijendra Kumar Agarwal

Electro Force India IPO Registrar

Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/

Electro Force India IPO Allotment Status

Check Electro Force India IPO allotment status on Skyline Financial website URL. Click Here

Electro Force India IPO Lead Managers aka Merchant Bankers

  • First Overseas Capital Limited

Company Address

Electro Force (India) Limited
39/5, Village – Waliv,
Taluka – Vasai East,
Palghar – 401 208
Phone: +91 22 35722456
Email: [email protected]
Website: https://electroforceindia.com/

Electro Force India IPO FAQs


What is Electro Force India IPO?

Electro Force India IPO is an NSE SME IPO. They are going to raise ₹80.68 Crores via IPO. The issue is priced at ₹93 per equity share. The IPO is to be listed on NSE.

When Electro Force India IPO will open?

The IPO is to open on December 19, 2023 for NII, and Retail Investors.

What is Electro Force India IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Electro Force India IPO?

You can apply Electro Force India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Electro Force India IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Electro Force India”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Electro Force India IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Electro Force India”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Electro Force India IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Electro Force India”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Electro Force India IPO Size?

Electro Force India IPO size is ₹80.68 crores.

What is Electro Force India IPO Price Band?

Electro Force India IPO Price Band is ₹93 per equity share.

What is Electro Force India IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹111,600.

What is Electro Force India IPO Allotment Date?

Electro Force India IPO allotment date is December 22, 2023.

What is Electro Force India IPO Listing Date?

Electro Force India IPO listing date is December 27, 2023. The IPO to list on NSE SME.

Note: The Electro Force India IPO details are announced officially. The IPO grey market premium (Electro Force India IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
Share the Post:
Facebook
Twitter
LinkedIn

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

2 Responses

  1. Is it worthy to apply for electro-force-india-ipo (SME) for listing gain?

    Please give me your view?

OPEN DEMAT ACCOUNT