Emmforce Autotech IPO: Price band, issue size, key dates, other details to know
₹93 to ₹98 per equity share of face value of ₹10 each. Emmforce Autotech IPO will open for subscription on Tuesday, April 23, and close on Thursday, April 25.
Emmforce Autotech IPO lot size consists of 1,200 shares. Bids may be placed for a minimum of 1,200 equity shares, and thereafter, for multiples of 1,200 equity shares.
The floor price is 9.30 times of the face value and the cap price is 9.80 times of the face value. The IPO has reserved not more than 50% of the net issue from Qualified Institutional Buyers (QIBs), retail individual bidders portion has been set aside not less than 35% of the net issue, and the non-institutional bidders segment has been set aside not less than 15% of the net issue.
Tentatively, Emmforce Autotech IPO basis of allotment of shares will be finalised on Friday, April 26. The company will initiate refunds on Monday, April 29, while the shares will be credited to the demat account of allottees on the same day.
Emmforce Autotech IPO shares are likely to be listed on BSE SME on Tuesday, April 30. Also Read: Greenhitech Ventures IPO oversubscribed on day 1 on strong retail interest; know GMP, subscription status, other details "Exciting news! Mint is now on WhatsApp Channels
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