Exciting Investment Opportunity: Emmforce Autotech IPO
We’re thrilled to bring to your attention the upcoming Initial Public Offering (IPO) of Emmforce Autotech, a promising venture set to hit the market soon. Here’s what you need to know to make an informed decision:
IPO Details:
- Issue Size: Rs 53.90 crores
- Price Band: ₹93 to ₹98 per share
- Lot Size: 1200 Shares (Retail)
- Minimum Investment (Retail): ₹117,600
- IPO Dates: April 23, 2024 – April 25, 2024
- Expected Listing Date: April 30, 2024
Financial Snapshot:
Emmforce Autotech has showcased robust financial performance over the years, indicating a promising future:
- Assets: Consistently growing, reaching 5,597.13 crore by October 2023.
- Revenue: Strong revenue figures, demonstrating stability and growth potential.
- Profit After Tax: Increasing profitability, with a clear upward trend.
- EPS and P/E: A healthy EPS of ₹4.28 post-IPO, with a reasonable P/E ratio of 22.9x.
Objectives of the Issue:
The funds raised through the IPO will be utilized for:
- Investment in Subsidiary Company: Providing necessary capital for Emmforce Mobility Solutions Private Limited (EMSPL).
- Working Capital Requirements: Ensuring smooth operations and growth.
- General Corporate Purposes: Supporting various business initiatives and expansions.
- Lead Manager: Beeline Capital Advisors Pvt Ltd
- Registrar: Link Intime India Private Ltd
- Market Maker: Spread X Securities
Grey Market Premium (GMP): Rs 60 ( As on 20-04-2024)
This IPO presents an excellent opportunity for investors to become part of Emmforce Autotech’s journey towards success. Stay tuned for further updates and consider seizing this opportunity to invest in a promising venture.
For more information and updates, keep an eye on our website and social media channels.
Disclaimer: Investment in IPOs involves market risks. Please read the offer document carefully before investing.
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