Electro Force IPO GMP: Electro Force India SME IPO GMP Price Today

Electro Force IPO GMP: Electro Force (India) Limited, an established player in the manufacturing industry, is gearing up to launch its SME IPO on the NSE Emerge platform. With an impressive total issue size of Rs 80.67 Crores, which includes both a Fresh issue size of Rs 55.80 Crores and an Offer For Sale (OFS) issue size of Rs 24.87 Crores, this IPO has generated significant interest among investors. If you’re considering participating, here’s everything you need to know about the Electro Force India IPO GMP (Grey Market Premium) and more.

Also See: All IPO GMP Price Today

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IPO Details at a Glance:

  • IPO Launch Date: 19th December 2023
  • IPO Closing Date: 21st December 2023
  • Face Value of Each Share: Rs 10
  • Minimum Lot Size: 1200 shares or its multiples
  • Fixed Issue Price: Rs 93 per share

Now, let’s dive into the Electro Force India IPO GMP, which is a critical indicator of market sentiment and potential listing performance.

Also Read: Electro Force India Limited IPO Details

Understanding Electro Force India IPO GMP:

As per the table, the latest GMP for Electro Force India SME IPO stands at Rs 0, indicating a positive sentiment among investors. This suggests that the IPO is expected to list at a premium of Rs 0 over the issue price, resulting in an estimated listing price of Rs 93 per share.

Here’s a table summarizing Electro Force India IPO GMP and its implications for the listing price: [Last Updated: 27 Dec, 2023; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
27-12-2023₹93.00₹–₹93 (0%)
26-12-2023₹93.00₹–₹93 (0%)
25-12-2023₹93.00₹–₹93 (0%)
24-12-2023₹93.00₹–₹93 (0%)
23-12-2023₹93.00₹–₹93 (0%)
22-12-2023₹93.00₹–₹93 (0%)
21-12-2023₹93.00₹–₹93 (0%)
20-12-2023₹93.00₹109100₹103 (10.75%)
19-12-2023₹93.00₹109100₹103 (10.75%)
18-12-2023₹93.00₹109100₹103 (10.75%)
17-12-2023₹93.00₹0₹93 (0%)
16-12-2023₹93.00₹0₹93 (0%)
15-12-2023₹93.00₹0₹93 (0%)
14-12-2023₹93.00₹0₹93 (0%)

The Grey Market Premium (GMP) is the unofficial and unregulated market where IPO shares are traded before their official listing on the stock exchange. It provides insights into how investors perceive the IPO’s potential performance on the listing day. A positive GMP indicates that investors are willing to pay a premium for the shares, expecting them to trade at a profit when they hit the stock exchange. Conversely, a negative GMP suggests that the IPO might list at a discount.

Why Monitor IPO GMP?

IPO GMP is a valuable tool for investors as it provides a glimpse into market sentiment. However, it’s important to note that GMP can be highly volatile and should not be the sole basis for your investment decision. Several factors, including market conditions and the company’s fundamentals, can influence the actual listing price and performance.

Also Read: What is GMP in IPO: Understanding Grey Market Premium (GMP) in IPOs

About Electro Force India:

Electro Force India Pvt. Ltd. is a well-established company with over a decade of experience in designing and manufacturing precision sheet metal components, plastic injection molded parts, and related assemblies. The company holds ISO 9001 and 14001 certifications, underscoring its commitment to quality and environmental standards.

The company specializes in offering advanced manufacturing solutions for complex precision sheet metal components and assemblies across various industries, including electrical and electronics, lighting, and engineering. Electro Force India provides end-to-end product solutions, encompassing product design, prototyping, process development, manufacturing, quality testing, packaging, and logistics.

Some key strengths of Electro Force India include an experienced management team, a high standard of product quality and customer service, in-house R&D capabilities, continuous new product development, and a diverse product portfolio catering to different customer needs.

IPO Objectives:

The net proceeds from the IPO will be utilized for:

  1. Funding additional working capital requirements of the company.
  2. Pursuing inorganic growth opportunities.
  3. General corporate purposes.

IPO Timeline:

  • SME IPO Open Date: 19th December 2023
  • SME IPO Close Date: 21st December 2023
  • Basis of Allotment Finalization Date: 22nd December 2023
  • Refunds Initiation: 26th December 2023
  • Credit of Shares to Demat Account: 26th December 2023
  • SME IPO Listing Date: 27th December 2023
Electro Force IPO

In conclusion, the Electro Force India IPO is generating buzz in the market, as indicated by the positive GMP. However, it’s crucial to conduct thorough research, analyze the company’s fundamentals, and consider market conditions before making any investment decisions. IPO investments come with risks, and a well-informed approach is essential for a successful investment journey.

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Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.
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