What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Electro Force (India) Limited IPO?

Electro Force (India) Limited IPO has received a total subscription of 4.33 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Electro Force (India) Limited

ListedSME

Emerging SME Services · NSE

About Electro Force (India) Limited Founded in 2010, Electro Force (India) Limited specializes in designing and manufacturing electrical components and metal/plastic contact parts for electronics, lighting, switchgear, and related industries in India. What They Do The company produces stamping and plastic components using metal stamping, injection molding, and insert molding. Their products include: Miniature Circuit Breakers (MCBs) 63A Electrical Manual Transfer Switches MCCBs & RCBs Brushless DC Motors for medical devices, aerospace, defense, and automation Electrical Motor Starters Electrical Control Gears & Switches Additional Services Electro Force also offers quality testing, packaging, assembly, secondary operations, and logistics services to ensure high standards and efficiency. Manufacturing Facility The company operates from a leased manufacturing facility in Vasai, Maharashtra, covering over 10,000 square feet. With a strong focus on precision, quality, and innovation, Electro Force (India) Limited continues to serve key industries with high-performance electrical components.

Price Band

₹93

Issue Size

₹80.68 Cr

Lot Size

1200 shares

GMP

—

Est. Listing

₹93

at current GMP

Subscribed

4.33x

overall

Open

19 Dec 2023

21 Dec 2023

Allotment

23 Dec 2023

Refund

24 Dec 2023

Demat Credit

25 Dec 2023

Listing

27 Dec 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

4.33x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

2.22x

High Net-Worth

Retail (RII)

6.44x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 4.33x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	4,119,600	9,164,400	2.22x
RETAIL	4,119,600	26,541,600	6.44x
Total	8,239,200	35,706,000	4.33x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 6.29x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	2,530	16,293	6.44x
HNIs (10L +)	16	36	2.22x
HNIs (2-10L)	77	171	2.22x
Total Applications	2,623	16,500	6.29x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Electro Force (India) Limited Public Issue & Market Profile

Electro Force (India) Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹80.68 Crores. The shares are offered at a price band of ₹93 to ₹93 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,11,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Skyline Financial Services Private Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-25, while un-allotted funds or UPI block mandates will be released on 2023-12-24.

Frequently Asked Questions

What is Electro Force (India) Limited IPO GMP today?

Currently, Electro Force (India) Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹93 to ₹93 per equity share.

What is the expected profit per lot for Electro Force (India) Limited IPO?

The retail lot size is 1200 shares requiring a minimum application amount of ₹1,11,600. Expected listing price is ₹93 per equity share.

What is the issue size and price band for Electro Force (India) Limited IPO?

The Electro Force (India) Limited IPO aggregate issue size is ₹80.68 Crores with an equity price band set at ₹93 to ₹93 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,11,600.

How can I check Electro Force (India) Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 4.33x (Retail: 6.44x, QIB: 0.00x, NII: 2.22x). You can track live multiples directly on our dedicated subscription page.

Where and when will Electro Force (India) Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Ltd) and the BSE status verification website on or around 2023-12-23. Investors can verify status using PAN card or application number.

When is the listing date for Electro Force (India) Limited IPO?

Electro Force (India) Limited shares are scheduled to list on NSE on 2023-12-27.