IPO Trending
EFORCESME / NSEListed
Electro Force (India)

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.

DRHP
₹93 - ₹934.33x sub
Listed Price₹100.00
Listing Gain+7.53%

IPO Schedule & Timeline

Fixed Price Issue IPO
Open19 Dec 2023
Close21 Dec 2023
Allotment23 Dec 2023
Listing27 Dec 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail41,19,600 shares
47.49%
Nii(hni)41,19,600 shares
47.49%
Market Maker4,35,600 shares
5.02%

Minimum Application Lots

Retail1 Lot (1,200 shares)
₹1,11,600
HNI2 Lots (2,400 shares)
₹2,23,200

Company Promoters

Ayesspea Holdings and Investments Private LimitedGaruda Television Private LimitedPravin Kumar Brijendra Kumar Agarwal

Company Background

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, a...

Lead Managers & Bankers

First Overseas Capital Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (30 Sep 2023)₹2314.19 Cr
Growth+45.8%
Revenue Trend (₹ in Crores)
0.01.3k2.6k4.0kMar 2021Mar 2022Mar 2023 30 Sep 2023
PeriodRev (Cr)PAT (Cr)AssetsDebt
30 Sep 20232,314.19711.087,827.000
Mar 2023 3,028.81799.607,231.51 0
Mar 20223,443.55864.264,783.370
Mar 20211,587.13-223.691,719.960

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values4.6043.57%58.23%20.2215.3

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Skyline Financial Services Private Limited

Allotment Finalized
Allotment Date
23 Dec 2023
Official Status
Out / Finalized
Registrar
Skyline Financial Services Private Limited
Listing Date
27 Dec 2023

Official Allotment Verification Links

Official Registrar Portal
Skyline Financial Services Private Limited

Direct allotment verification on the official registrar portal appointed for Electro Force (India). Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization23 Dec 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date27 Dec 2023Trading commences on exchange

How to Check Electro Force (India) Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Electro Force (India) from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Electro Force (India) IPO

Complete issue overview for Electro Force (India) (EFORCE) IPO. The issue features an equity share price band of ₹93 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,11,600). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions