News Details

( As on 12/04/2024 11:40)

Emmforce Autotech announces launch of initial public offering

Emmforce Autotech Ltd. has announced public offering of 5499600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 88.00 per share. The gross proceeds of the issue are expected to be Rs 5,389.61 lakhs.

The company's initial public offer (IPO) will open on 23 April 2024 and is expected to close on 25 April 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 93.00-98.00 per share.

The IPO includes a fresh Issue of 5499600 Equity Shares of the Company at an price of Rs 98.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Emmforce Autotech Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.