The Electro Force IPO started on December 19, 2023, and ended on December 21, 2023. Shares were allocated on December 22, 2023, and refund processes began on December 26, 2023. On December 26, 2023, the shares were credited to investors demat accounts. Electro Force was officially listed on the stock exchange on December 27, 2023.
During the IPO, Electro Force offered shares at a price range of ₹93 per share, and the lot size was 1200 shares. The total issue size was ₹80.68 crores, with ₹55.80 crores from new shares and ₹24.88 crores from shares for sale. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Electro Force IPO Subscription Update Video
Electro Force IPO Subscription Status
The Electro Force IPO on December 20, 2023 was subscribed 2.02 times, with the retail category being subscribed 3.45 times, the other category being subscribed 0.59 times.
| Category | Subscription |
| Other | 0.59x |
| Retail | 3.45x |
| Total | 2.02x |
Electro Force India IPO Basic Details
| Company Name | Electro Force India Limited |
| Domain of Company | Manufacturing Electrical Parts & Components |
| 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 |
About Electro Force India Limited
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 fields.
We specialize in designing and manufacturing stamping components and plastic parts through processes like metal stamping, injection molding, and insert molding. Our products cater to a range of needs, such as electrical MCBs (Miniature Circuit Breakers), 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.
Beyond manufacturing, we offer additional services like 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 lease.
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Electro Force IPO FAQs
What is the start and end date of Electro Force IPO Subscription?
The Electro Force IPO started on December 19, 2023, and ended on December 21, 2023.
When does Electro Force IPO Subscription open?
The Electro Force IPO open on December 19, 2023.
When does Electro Force IPO Subscription close?
The Electro Force IPO Close on December 21, 2023.
What is the allotment date of Electro Force IPO?
The allotment date for Electro Force IPO is December 22, 2023.
When is the initial refund date of Electro Force IPO?
The initial Refund date for Electro Force IPO is December 26, 2023.
When were the shares credited to investors demat accounts for the Electro Force IPO?
The shares for the Electro Force IPO were credited to investors demat accounts on December 26, 2023.
When will Electro Force IPO be listed on the stock market?
Electro Force IPO stock market will be listed on December 27, 2023 at 10 am.
What was the price range of the Electro Force IPO shares?
The Electro Force IPO shares were offered at a price range of ₹93 per share.
What was the lot size for the Electro Force IPO shares?
The lot size for the Electro Force IPO shares was 1200 shares.
What was the total issue size of the Electro Force IPO?
The total issue size of the Electro Force IPO was ₹80.68 crores.
How were the shares allocated among different types of investors for the Electro Force IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Electro Force IPO listed?
The Electro Force IPO was listed on both the NSE SME.
What is the Electro Force IPO Subscription Status?
Electro Force IPO is subscribed 2.02 Times.
