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Issue Open Date
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23-Apr-24
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Issue Closing Date
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25-Apr-24
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Application Money
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100
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Allotment Money
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Price Band
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93
-
98
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Minimium Application No.
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1200
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Issue Size (Shares)
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5499600
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Market Lot
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1
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Objective
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1. Investment in Subsidiary Company i.e. Emmforce Mobility Solutions Private Limited (EMSPL) in form of equity or debt for meeting the requirement of working capital and margin money for term loan of Subsidiary Company.2. To Meet Working Capital Requirement of our Company3. General Corporate Purpose
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1059600
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675724800
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637.716874292186
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Qualified Institutional Buyers
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1045200
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167838000
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160.579793340987
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Retail Individual Investors
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1828800
|
489423600
|
267.620078740157
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Business Description
Our company is engaged in the business of manufacturing niche automotive drivetrain parts like Differential Housings, DifferentialLockers, Differential Covers,4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, DifferentialTools and various differential forged / cast parts primarily for 4-wheel Drive and performance racing vehicles. The company hasbeen engaged in exports ever since its inception. We have established itself as a manufacturer of Drivetrain Parts in India and isone stop shop for quality cost competitive drivetrain parts and providing out-of-the-box solutions to its customers throughdesigning and development of complex / special parts.
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Promoter's Holding
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Total Share Capital
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15000000
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Offered to Public
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5500000
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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Address |
,
,
Phone :
Email :
Website :
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE
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Lead Manager |
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Beeline Capital Advisors Pvt Ltd.
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Promoters |
Ashok Mehta
Neetu Mehta
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