Electro Force (India) Limited

Company Profile
Company Name Electro Force (India) Limited
Open Date 19-12-2023
Close Date 21-12-2023
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹93 per share
Issue Size 86,74,800 Equity Shares
Application Amount ₹ 1,11,600
Recommendation Avoid
Electro Force (India) Limited was originally incorporated in the year 2010 and has its registered office in Maharashtra, India. The company offers end-to-end product solutions to its customers under the B2B model wherein they provide services ranging from designing, manufacturing, quality testing and packaging to logistics. The company specializes in designing and manufacturing precision sheet metal components, highspeed metal stamping components, plastic injection mouldings, insert and over moulding, sub-assemblies and value-added services for diverse industries like electronics, lighting and other engineering industries in India. As of 31stOctober 2023, the Company had 31 employees on its payroll
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 1,719.96 4,783.38 7,231.51 7,827.00
Net Assets 171.47 1,035.73 1,835.33 2,546.41
Total Borrowings 586.53 878.26 - -
Total Revenue 1,587.13 3,443.55 3,028.82 2,314.19
Profit After Tax -223.70 864.25 799.61 711.09

Tentative Timeline

Opening Date 19-12-2023
Closing Date 21-12-2023
Basis of Allotment 22-12-2023
Initiation of Refunds 26-12-2023
Credit of Shares to Demat 26-12-2023
Listing Date 27-12-2023

Objects of the Issue

To meet Working Capital Requirements.
Pursuing Inorganic Growth.
General Corporate Purpose.

Contact Information

Registered Office Electro Force (India) Limited - 39/5, Village - Waliv, Taluka - Vasai East, Palghar - 401 208
Phone +91 22 35722456
Email compliance@electroforceindia.com
Website https://electroforceindia.com/

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022
Email ipo@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

Market Maker Shares Offered 435,600 (5.02%)
Other Shares Offered 4,119,600 (47.49%)
Retail Shares Offered 4,119,600 (47.49%)
Total Shares Offered 8,674,800 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 62.93%

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