Emmforce Autotech IPO commenced on April 23 and closed on April 25, with a price band of ₹93 to ₹98 per share and a lot size of 1,200 shares. The Emmforce Autotech IPO allotment status is set to be finalised later today.
If you applied for the IPO, here is how you can check the Emmforce Autotech IPO allotment status.
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Checking IPO Allotment Status on Registrar’s Website:
Follow these steps to check the Emmforce IPO allotment statusVisit the registrar’s website.Click on “Company Selection” and choose “Emmforce Autotech” from the dropdown menu.Then you can enter your PAN, application number, or Demat.Enter the captcha and click Submit to retrieve the Emmforce Autotech IPO allotment status
Checking IPO Allotment Status on BSE:
Go to the BSE website.Click on the ‘Equity’ section and select “Emmforce Autotech” from the dropdown menu.Enter your application number or PAN.Click on the ‘Search’ button.The result will show the number of shares allotted to you.
If all the details are entered correctly and the allotment has been finalised, the Emmforce IPO allotment status will be visible.
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Emmforce Autotech IPO Subscription Status
At the end of Day 3, the Emmforce Autotech IPO subscription status stood at 364.37 times, with retail and non-institutional portions oversubscribed at 267 times and 861 times, respectively, while QIBs were subscribed 160.85 times.
The IPO allocation designates 50% to Qualified Institutional Buyers (QIBs), 35% to retail individual investors, and 15% to non-institutional bidders.
Emmforce Autotech IPO GMP
The Emmforce Autotech IPO GMP is currently reported at ₹120. Based on this and the upper end of the pricing range, the anticipated listing price for Emmforce Autotech shares is ₹218 per share, reflecting a premium of 122.45% over the IPO price.
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Emmforce Autotech IPO Details
The IEmmforce Autotech PO, aims to raise ₹53.90 crore, comprising a fresh issue of 5,499,600 equity shares with a face value of ₹10, with no offer-for-sale component.
The company successfully raised ₹15.34 crore from anchor investors by selling 15.66 lakh equity shares at ₹98 apiece. Notable investors include Astorne Capital VCC ARVEN, NAV Capital VCC – NAV Capital Emerging Star Fund, and NEGEN Undiscovered Value Fund, among others.
Proceeds from the IPO will primarily be used for meeting working capital needs, general corporate objectives, and financial commitments to subsidiaries like Emmforce Mobility Solutions Private Limited (EMSPL).
