Electro Force (India) Limited
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Electro Force (India) Limited's completed its IPO journey with a successful listing on NSE on Dec 27, 2023. The public offering mobilized 86,74,800 Shares in total capital, comprising 60,00,000 Shares in fresh equity and ₹24.88 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹93 to ₹93, with minimum application lots of 1200 shares. Investor participation during the Dec 19, 2023 to Dec 21, 2023 subscription window determined the final allocation pattern.
The basis of allotment was announced on Dec 23, 2023, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
About Electro Force (India) Limited Founded in 2010, Electro Force (India) Limited specializes in designing and manufacturing electrical components and metal/plastic contact parts for electronics, lighting, switchgear, and related industries in India. What They Do The company produces stamping and plastic components using metal stamping, injection molding, and insert molding. Their products include: Miniature Circuit Breakers (MCBs) 63A Electrical Manual Transfer Switches MCCBs & RCBs Brushless DC Motors for medical devices, aerospace, defense, and automation Electrical Motor Starters Electrical Control Gears & Switches Additional Services Electro Force also offers quality testing, packaging, assembly, secondary operations, and logistics services to ensure high standards and efficiency. Manufacturing Facility The company operates from a leased manufacturing facility in Vasai, Maharashtra, covering over 10,000 square feet. With a strong focus on precision, quality, and innovation, Electro Force (India) Limited continues to serve key industries with high-performance electrical components.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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