Emmforce Autotech IPO: Emmforce Autotech Limited has made a massive entry in the stock market. Shares of Amforce Autotech rose 90 percent to Rs. 186.20 is listed in the market. In the IPO, Emmforce Autotech shares were sold to investors at Rs. Met in 98. The company’s IPO was open for subscription on April 23 and remains open for bidding till April 25, 2024. The total public issue size of the company is Rs. 53.90 crores.
Strong rise in shares even after spectacular listing
Soon after the listing, shares of Emmforce Autotech traded at an upper circuit of 5 percent at Rs. 195.51 has been reached. That is, Amforce Autotech shares have doubled investors’ money on the day of listing. Investors who have been allotted shares in the company in the IPO will be paid Rs. A huge profit of 97.51 is being made. Before the IPO, the promoters’ stake in the company was 100%, which has now come down to 73.17%. The company’s shares are listed on the SME platform of the Bombay Stock Exchange.
Tata Sons acquired 10% stake in Tata Play for Rs. Bought for 835 crores
Bets have been placed on the IPO more than 364 times
Total bets on Emmforce Autotech IPO are 364.37 times. Retail investors subscribed 267.62 times the quota in the company’s IPO. At the same time, Non-Institutional Investors (NII) quota was subscribed 861.98 times. While bets were placed 160.58 times in the Qualified Institutional Buyers (QIB) category. Retail investors can bid for 1 lot in a company’s IPO. One lot of the IPO had 1200 shares. That is, retail investors invested Rs. 117600 was to be invested. High net worth individuals (HNIs) can bid for two lots in the Amforce Autotech IPO. There were 2400 shares in 2 lots of the IPO.
