Electro Force (India) Limited IPO
Electro Force (India) Limited was a SME IPO in the Other Electrical Equipment sector, offered at ₹93–₹93 per share to raise ₹81 crore. It listed on 27 Dec 2023 at ₹100 and closed its first day at ₹105, a listing gain of +12.9% versus the ₹93 issue price. It now trades around ₹16 (-82.6% versus the issue price).
Frequently asked questions
- What were the Electro Force (India) Limited IPO listing gains?
- Electro Force (India) Limited listed on 27 Dec 2023 at ₹100, closing its first day at ₹105 — a listing gain of +12.9% versus the ₹93 issue price.
- What was the price band and lot size of the Electro Force (India) Limited IPO?
- The price band was ₹93–₹93 per share, with a minimum lot of 1,200 shares (₹1,11,600 at the upper band).
- Who were the registrar and lead manager for the Electro Force (India) Limited IPO?
- Skyline Financial Services Private Limited was the registrar, and First Overseas Capital was the book-running lead manager.