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Open
19 Dec 2023
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Close
21 Dec 2023
3
Allotment
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Listing
Wed, Dec 27, 2023
Price Band
₹93 per share
Issue Size
86,74,800 shares (agg. up to ₹81 Cr)
Lot Size
1,200 Shares
Listing Date
Wed, Dec 27, 2023
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
27-12-2023₹0Est. ₹93+0%
26-12-2023₹0Est. ₹93+0%
25-12-2023₹0Est. ₹93+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 4.21x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 78.27 | 72.32 | 47.83 | 17.20 |
| Total Income | 23.14 | 30.29 | 34.44 | 15.87 |
| Profit After Tax | 7.11 | 8.00 | 8.64 | -2.24 |
| NET Worth | 25.46 | 18.35 | 10.36 | 1.71 |
| Reserves and Surplus | 8.06 | 0.95 | 5.36 | -3.29 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Saakshi Medtech & Panels Ltd. | SME | ₹45.16 Cr | ₹97 | 10.18 | ₹153.30 | +58.04% | ₹333.80 |
| Sungarner Energies Ltd. | SME | ₹5.31 Cr | ₹83 | 13.07 | ₹262.35 | +216.08% | ₹325.65 |
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,217.65 |
| Rishabh Instruments Ltd. | Mainboard | ₹490.78 Cr | ₹441 | null | ₹443.15 | +0.49% | ₹808.30 |
| Avalon Technologies Ltd. | Mainboard | ₹865.00 Cr | ₹436 | 55.54 | ₹398.00 | -8.72% | ₹2,290.30 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding additional working capital requirements of the Company | 25.00 |
| 2 | Pursuing Inorganic Growth | 5.50 |
| 3 | General corporate purposes | 13.90 |
About Electro Force IPO
Updated on Aug 5, 2026
Contact Details
Electro Force (India) Ltd. Address39/5, Village-WalivTaluka-Vasai EastPalghar, Maharashtra, 401208+91 22 35722456compliance@electroforceindia.comVisit Website