Electro Force (India) Limited IPO
Electro Force (India) Limited IPO
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Electro Force (India) Limited's completed its IPO journey with a successful listing on NSE on 27-12-2023. 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 19-12-2023 to 21-12-2023 subscription window determined the final allocation pattern.
The basis of allotment was announced on 23-12-2023, 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.
Electro Force IPO About Company
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."
Electro Force IPO Strength Factors
NA
Electro Force IPO Risk Factors
NA
Electro Force IPO Lead Manager(s)
- First Overseas Capital Limited
Electro Force IPO Promoter(s)
- Ayesspea Holdings and Investments Private Limited
- Garuda Television Private Limited
- Pravin Kumar Brijendra Kumar Agarwal
Electro Force IPO FAQs
Electro Force (India) Limited IPO subscribed 4.33 times. The public issue subscribed 6.44 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byMarch 15, 2025 7:08:40 AM (Day 15).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Electro Force IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Electro Force IPO FAQs
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