ListedSMEEFORCE

Electro Force (India) Limited

Electro Force (India) Limited is a sme IPO raising ₹81 Cr at a fixed price of ₹93 a share. It listed on 27 Dec 2023 and trades at ₹21 today, −77.5% against its issue price of ₹93. It was subscribed 0.00× in total.

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₹93

Issue price

₹21

Price now

−77.5%

Since issue price

27 Dec 2023

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹93

Cut-off price₹93

Issue size₹81 Cr

Shares per lot1200

Minimum application₹1,11,600

Minimum quantity1200

Face value₹10

Listing exchanges—

ISININE0Q1W01012

Bidding hours10:00 – 17:00 IST

Bidding window19 Dec 2023 – 21 Dec 2023

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.