The Electro Force IPO commenced on December 19, 2023, and concluded on December 21, 2023. The allotment of shares took place on December 22, 2023, and the initiation of refunds began on December 26, 2023. The shares were credited to the demat accounts of investors on December 26, 2023. Finally, the listing of Electro Force on the stock exchange occurred on December 27, 2023.
The Electro Force IPO was priced at ₹93 per share, with a lot size of 1200 shares. The total issue size was ₹80.68 crores, comprising a fresh issue of ₹55.80 crores and an offer for sale of ₹24.88 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Electro Force India IPO Basic Details
| Company Name | Electro Force India Limited |
| Domain of Company | Manufacturing Electrical Parts & Components |
| Electro Force IPO GMP Today | ₹0.00 |
| Electro Force IPO Listing Gain | 0.00% |
| Electro Force IPO Open Date | December 19, 2023 |
| Electro Force IPO Close Date | December 21, 2023 |
| Electro Force IPO Allotment Date | December 22, 2023 |
| Electro Force IPO Listing Date | December 27, 2023 |
| Face Value | ₹10 per share |
| Price | ₹93 per share |
| Lot Size | 1200 Shares |
| Issue Size | 8,674,800 shares of ₹10 (aggregating up to ₹80.68 Cr) |
| Fresh Issue | 6,000,000 shares of ₹10 (aggregating up to ₹55.80 Cr) |
| Offer for Sale | 2,674,800 shares of ₹10 (aggregating up to ₹24.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Ayesspea Holdings and Investments Private Limited, Garuda Television Private Limited, and Pravin Kumar Brijendra Kumar Agarwal |
Electro Force IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹0 | 0.00% | – | – |
| 17 December 2023 | ₹0 | 0.00% | – | – |
Electro Force IPO Details:
Established in 2010, Electro Force (India) Limited creates and produces electrical components and metal/plastic contact parts for various industries in India, including electronics, lighting, switchgear, and related sectors.
At Electro Force, we specialize in designing and manufacturing stamping components and plastic parts through processes such as metal stamping, injection molding, and insert molding. Our products cater to a range of applications, including electrical Miniature Circuit Breakers (MCBs), 63A electrical manual transfer switches, electrical MCCBs & RCBs, brushless DC motors for medical devices, aerospace, defense, and automation, electrical motor starters, Electrical Control Gears, and electrical switches.
In addition to our product offerings, we extend our services to encompass quality testing, packaging, assembly, secondary operations, and logistics.
Our manufacturing facility, located in Vasai, Maharashtra, spans over 10,000 square feet and operates under a leasing arrangement.
Electro Force IPO More Details Click Here
Electro Force IPO FAQs
When is Electro Force IPO open?
Electro Force IPO will open on 19 December 2023.
When is Electro Force IPO Close?
Electro Force IPO will be closed on 21 December 2023.
What is Electro Force IPO GMP Today?
The Electro Force IPO GMP aka Grey Market Premium is ₹0.
What is Electro Force IPO Kostak Rates Today?
The Electro Force IPO Kostak Rate is ₹000.
What is Electro Force IPO Subject to Sauda Price Today?
The Electro Force IPO subject to sauda rates is ₹000.
Electro Force IPO Expected Returns?
The Electro Force expected return is 0.00%.
How much will be the listing gain in Electro Force IPO?
Electro Force IPO will get listing gain of 0.00%. (Approx.)
