Emmforce Autotech Ltd - IPO

Emmforce Autotech Ltd IPO Details

Initial public issue of 54,99,600 equity shares of Rs. 10/- each (Equity Shares) of Emmforce Autotech Limited (EAL or the Company or the Issuer) for cash at a price of Rs. 98/- per equity share including a share premium of Rs. 88/- per equity share (the Issue Price), aggregating to Rs. 53.90 crores (The Issue), of which upto 2,76,000 equity shares of Rs. 10/- each for cash at a price of Rs. 98/- per equity share including a share premium of Rs. 88/- per equity share aggregating to Rs. 2.70 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 52,23,600 equity shares of Rs. 10/- each including a share premium of Rs. 98/- per equity share aggregating to Rs. 51.19 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.83% and 25.48%, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Investment in subsidiary company i.e. Emmforce Mobility Solutions Pvt Ltd in form of equity or debt for meeting the requirement of working capital and margin money for term loan of subsidiary company. To meet working capital requirement of the company. General corporate purposes.

Emmforce Autotech Ltd Contact Details

Emmforce Autotech Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - info@emmforce.com

Website - www.emmforce.com