• By Goodwill
  • 747 Comments
  • December 20, 2023

IPO : Electro Force (India) Limited

 SYMBOL EFORCE
 ISSUE TYPE Fixed Price Issue IPO
 ISSUE OPENS ON Tuesday, December 19, 2023
 ISSUE CLOSES ON Thursday, December 21, 2023
 ISSUE PRICE ₹93 per share
 ISSUE SIZE Up to Rs.80.68 Crores
 FACE VALUE Rs.10 per share

Electro Force India IPO is a fixed price issue of Rs 80.68 crores. The issue is a combination of fresh issue of 60 lakh shares aggregating to Rs 55.80 crores and offer for sale of 26.75 lakh shares aggregating to Rs 24.88 crores.

Electro Force India IPO bidding opened for subscription on December 19, 2023 and will close on December 21, 2023. The allotment for the Electro Force India IPO is expected to be finalized on Friday, December 22, 2023. Electro Force India IPO will list on NSE SME with tentative listing date fixed as Wednesday, December 27, 2023.

 MINIMUM BID 1200 shares
 MINIMUM AMOUNT  Rs.111,600
 MAXIMUM BID 1200 shares
 MAXIMUM AMOUNT  Rs.111,600
 PROMOTER HOLDING 62.93% (Post-issue)
 LISTING DATE Wednesday, December 27, 2023
 LISTING AT NSE,SME

Electro Force India IPO price is ₹93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹223,200.

Objects of the Issue (Electro Force India IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Funding additional working capital requirements of the company
  2. Pursuing Inorganic Growth
  3. General corporate purposes
SMART IPO using UPI, you can now apply online

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Further any clarification, feel free to contact your Branch / Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999

Warm Regards,

Team GoodwillDISCLAIMER : Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @ https://gwcindia.in/Disclaimer

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