| IPO date | 19 Dec 2023 – 21 Dec 2023 |
| Listing date | 27 Dec 2023 |
| Price range | 93 – 93 |
| Minimum order quantity | 1200 | (D)RHP | View |
Electro Force India Limited is launching its IPO. The IPO opens for subscription on 19th December and will close on 21st December 2023.
Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on the listing.
What does On Electro Force India do?
Incorporated in 2010, Electro Force India Limited specializes in the design and manufacturing of precision sheet metal components and plastic injection moldings. It serves various industries, including Electrical & Electronics, Lighting, and Engineering, in India. The firm is recognized for its commitment to quality and environmental standards, holding ISO 9001 & 14001 certifications. Its expertise encompasses product design, prototyping, and process development, particularly in the electrical & switchgear sector.
The company is equipped with a range of manufacturing capabilities. These include high-speed sheet metal stamping, injection and insert molding, progressive cold forging, high-frequency welding, and both automated and manual assembly and testing. These capabilities allow it to cater to specific needs in its field.
Operating from a 10,000-square-foot facility in Vasai, Maharashtra, the company produces components for electrical MCBs, manual transfer switches, MCCBs & RCBs, brushless DC motors, motor starters, Electrical Control Gears, and switches. Additionally, it provides services in quality testing, packaging, assembly, secondary operations, and logistics.
Schedule of Electro Force India Limited IPO
| Issue Period | 19th December to 21st December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 22, 2023 |
| Initiation of Refunds | December 26, 2023 |
| Credit of Shares | December 26, 2023 |
| Date of Listing | December 27, 2023 |
| Mandate end date | January 05, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 22, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 21, 2024 |
How to apply to the Electro Force India Limited IPO?
You can apply for the Electro Force India Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Electro Force India Limited IPO?
You can check the allotment status for the Electro Force India Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.