Emmforce Autotech’s share price made a remarkable debut on the BSE SME, soaring 90% above the issue price to list at ₹186.20. This strong performance underscores a stellar market entry with shares trading significantly higher than anticipated.
The Emmforce Autotech IPO garnered an overwhelming response, being oversubscribed 197 times by the close of the subscription period. The retail segment alone saw a subscription rate of more than 191 times.
Emmforce Autotech Limited excels in crafting specialized automotive drivetrain components for 4-wheel drives and racing vehicles. Known for innovative, cost-effective designs and a robust export business, it offers comprehensive engineering from design to delivery. Its extensive capabilities include forging, machining, and quality assurance, ensuring top-tier client satisfaction through full-cycle solutions.
Emmforce Autotech Limited aims to fund subsidiaries and bolster working capital. It plans to invest INR 1000 lakhs in EMSPL for a new plant and allocate INR 2700 lakhs for operational expansion, with additional funds for general corporate purposes.