10 Key Points On Emmforce IPO That Opens On April 23

1. Emmforce IPO Opening Date

India’s leading Auto component manufacturer Emmforce IPO opens on April 23, 2024

2. Emmforce IPO Price Band

Price band of Emmforce IPO has been fixed at Rs 93-98

3. Emmforce IPO Anchor Book Opening

Anchor Book will open on Monday, April 22, 2024

4. Emmforce IPO Closing Date

Issue will be closed on Thursday, April 25, 2024

5. Emmforce IPO Share Face Value

IPO comprises a fresh issue of 54,99,600 equity shares with a face value of Rs. 10 each through the book-building route

6. Emmforce IPO Net Proceeds

The company proposes to utilize the net proceeds from the IPO to invest in subsidiary company - Emmforce Mobility Solutions Private Limited (EMSPL) for setting up a new plant at Jharmajri, Baddi in Himachal Pradesh

7. Emmforce IPO Net Proceeds

Company proposes to meet the working capital requirement; and for general corporate purpose with the net proceeds from the IPO

8. Emmforce IPO

The company manufactures niche automotive drivetrain parts and exports most of the products to six continents, primarily to North America and Asia

9. Emmforce IPO Book Running Lead Manager

Beeline Capital Advisors Private Limited is the Book Running Lead Manager

10. Emmforce IPO Registrar

Link Intime India Private Limited is the Registrar for the Issue