Emmforce Autotech Limited IPO

Emmforce Autotech Limited was founded in 2012 and is a manufacturer and exporter of drivetrain parts for niche vehicles.

The company’s product list includes differential housings, differential locks, differential covers, 4WD locking hubs, 

spindles, axles and shafts, gear shifters, yokes, differential spools, differential tools and various forged/cast differential parts mainly for 4WD and high-performance racing vehicles.

Competitive strengths:

  1. Engineering excellence: in-house research, design and development and in-depth knowledge of a wide range of materials and processes
  2. One-stop solution for drivetrain parts
  3. Quality assurance and standards: Strict quality standards are followed and maintained throughout the process.
  4. Existing customer relationships: Two decades of good customer relationships contribute to the company receiving regular orders from its customers.
  5. Scalable business model: The company’s business model is to make the best use of existing resources, create linkages with the development team’s expertise, and achieve consistent customer satisfaction.
  6. Experienced management team

The company’s manufacturing facility is located in Baddi, Himachal Pradesh.

As of October 31, 2023, the company employed 128 people.

 

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited’s revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,597.134,895.405,257.363,384.41
Revenue4,790.314,875.327,138.135,185.32
Profit After Tax511.78438.85732.58508.91
Net Worth1,500.002,344.952,129.091,524.82
Reserves and Surplus43.72   
Total Borrowing2,404.251,535.431,651.09501.70
Amount in ₹ Lakhs

Objects of the Issue (Emmforce Autotech IPO Objectives)

The company intends to utilize the net proceeds of the Issue to meet the following objectives:

  1. Investment in a Subsidiary Company i.e. Emmforce Mobility Solutions Private Limited (EMSPL) in the form of equity or debt for meeting the requirement of working capital and margin money for term loan of the Subsidiary Company.
  2. To Meet the Working Capital Requirements of the company.
  3. General Corporate Purpose.

Emmforce Autotech IPO Timeline (Tentative Schedule)

Emmforce Autotech IPO opens on April 23, 2024, and closes on April 25, 2024.

IPO Open DateTuesday, April 23, 2024
IPO Close DateThursday, April 25, 2024
Basis of AllotmentFriday, April 26, 2024
Initiation of RefundsMonday, April 29, 2024
Credit of Shares to DematMonday, April 29, 2024
Listing DateTuesday, April 30, 2024
Cut-off time for UPI mandate confirmation5 PM on April 25, 2024

SHARIAH SCREENING for - Emmforce Autotech Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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