Emmforce Autotech Limited IPO Closed

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IPO date 23rd – 25th Apr 2024
Listing date 30 Apr 2024
Type SME
Price range 93 – 98
Minimum order quantity 1200
(D)RHP View

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Emmforce Autotech Limited is launching its IPO. The offer opens for subscription on April 23, 2024, and closes on April 25, 2024.

Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on listing.

What does Emmforce Autotech Limited do?

Emmforce Autotech Limited began as a partnership firm called “M/s. Emmforce Inc.” in 2012, founded by Mr. Ashok Mehta and Mrs. Neetu Mehta. In 2023, it was converted into a public limited company. Based in Haryana and Himachal Pradesh, India, the company manufactures automotive drivetrain parts, specializing in products for 4-wheel drive and performance racing vehicles. They excel in engineering solutions, from conceptualization to manufacturing.

Emmforce recently acquired an 80% shareholding in Emmforce Mobility Solutions Pvt. Ltd. (EMSPL), a subsidiary focusing on forgings and manufacturing Rotary Tiller Blades, set up within Emmforce’s premises. EMSPL’s advanced manufacturing plant is equipped with Japanese automation technology and is expected to commence commercial production by February 2024.

Schedule/Timeline of Emmforce Autotech Limited IPO

Issue Period 23rd April to 25th April 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment April 26, 2024
Initiation of Refunds April 29, 2024
Credit of Shares April 29, 2024
Date of Listing April 30, 2024
Mandate end date May 10, 2024
Anchor Investors Lock-In End Date (50% of the investment) May 26, 2024
Anchor Investors Lock-In End Date (Remaining investment) July 25, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the Emmforce Autotech Limited IPO?

You can apply for the Emmforce Autotech 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.

Where do I check the allotment status for Emmforce Autotech Limited IPO?

You can check the allotment status for the Emmforce Autotech Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.