It sounds like there’s another new SME IPO coming up, Emmforce Autotech SME IPO, with a premium of over 60%. Make sure you don’t miss the chance to invest in it. The subscription for this SME IPO starts on April 23rd.
What is SME IPO : An SME IPO refers to the Initial Public Offering (IPO) conducted by small and medium-sized enterprises (SMEs). It involves these companies offering shares to the public for the first time, typically to raise capital for expansion, growth, or other business initiatives.
This SME IPO will be available for subscription from April 23rd to April 25th, 2024. Each share has a face value of Rs. 10. The offer price range for each share is between Rs. 9 and Rs. 98. The IPO consists of 1200 shares in total. To invest, you’ll need to buy at least 1 lot, which means purchasing 1200 shares. So, the minimum investment required is Rs. 1,17,600.
| SME IPO Issue Opening Date: | 23rd Apr 2024 |
| SME IPO Issue Closing Date: | 25th Apr 2024 |
| SME IPO Issue Price: | ₹93.00-98.00 Per Share |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹53.90 Cr |
| Fresh Issue: | ₹53.90 Cr |
| Face Value: | ₹10 Per Equity Share |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.17% |
Important Dates
Issue Opening Date : 23rd Apr 2024
Issue Closing Date : 25th Apr 2024
Allotment Date : 26th Apr 2024
SME IPO Listing Date : 30th Apr 2024
About Emmforce Autotech
Emmforce Autotech Limited, established in October 2023, specializes in crafting bespoke automotive driveline components. From differential housings to gear shifters and more, their repertoire caters predominantly to 4WD and racing vehicles.
Since its start, Emmforce has actively exported its products, establishing itself as a leading driveline parts manufacturer in India. Known for high-quality offerings at competitive prices, Emmforce excels in delivering tailored, innovative solutions to meet customer demands.
Emmforce leverages a diverse range of forging and machining tools, coupled with a strong design focus, to stand out in the market. This enables rapid new part creation, speeding up product development and delivery, enhancing client performance and profitability.
Offering full-scale engineering solutions, Emmforce handles market research, product design, and manufacturing. Their holistic approach ensures continuous client support across the product lifecycle, showcasing their unwavering commitment to automotive industry excellence.
Price & Lot size
The price of each share in the IPO ranges from ₹93.00 to ₹98.00. To buy shares, you need to get them in lots of 1200 shares each. So, if you want to buy one lot, you’ll need to spend ₹117,600. If you’re a High Net Worth Individual (HNI), the minimum amount of shares you can buy is 2400 shares, which equals 2 lots.
Issue Price : ₹93.00-98.00
Market Lot : 1200 Shares
1 Lot Amount : ₹117600
Min HNI Lots : 2400 shares (2 lots)
GMP
The Grey Market Premium (GMP) for this stock, which is currently at 60, may fluctuate by the time it gets listed. So, the expected gain of ₹158 (61.22%) could change accordingly. This information was last updated on April 20, 2024.
Disclaimer
The GMP (Grey Market Premium) for this SME IPO may vary over time. It’s important not to solely rely on GMP when making investment decisions. The information provided in this article is solely for educational and knowledge purposes. It does not constitute any buy/sell advice or recommendation. The author and Live4Daily hold no responsibility for any losses incurred. Before making any investment, it is advisable to consult with your financial advisor.
Frequently Asked Questions (FAQs)
What is the opening and closing date of Emmforce Autotech SME IPO?
Opening Date : 23rd Apr 2024
Closing Date : 25th Apr 2024
What is the issue price range of Emmforce Autotech SME IPO?
₹93.00-98.00 per share
What is the minimum investment required for Emmforce Autotech SME IPO?
The minimum lot size for SME IPO consists of 1200 shares, with a total value of Rs. 117,600.
What is the expected listing date of Emmforce Autotech SME IPO?
30th APril 2024
