Emmforce Autotech SME IPO Premium more than 60%

Issue Price : ₹93-98 per share  Market Lot : 1200 Shares 1 Lot Amount : ₹117600 

Issue Opening Date : 23rd Apr 2024 Issue Closing Date : 25th Apr 2024

Allotment Date : 26th Apr 2024 Listing Date : 30th Apr 2024 

SME IPO Issue Size : ₹53.90 Cr Fresh Issue : ₹53.90 Cr Total shares : 5,499,600 shares 

Face Value : ₹10 Per Equity Share  IPO Listing At : BSE SME 

Promoter Holding Pre IPO : 100.00% Promoter Holding Post IPO : 73.17% 

Retail (Min) 1 lot Retail (Max) 1 lot HNI (Min)  2 lot

The company crafts driveline components for 4WD and racing vehicles, such as differential parts, gear shifters, axles, and forged/cast components.

The current Grey Market Premium (GMP) is 60, but it may change before listing, affecting the expected gain of ₹158 (61.22%).

Open and follow for intresting news and updates