๐ IPO GMP 23 April 2024 ๐
Thinking of investing in IPOs for good returns? Look no further!
The Emfors Autotech company is all set to launch its IPO for investment. The IPO will be open for investment from April 23, 2024 to April 25, 2024. The company has set the price band for IPO shares at โน93-98.
In the grey market, the company’s shares are trading at a premium price of โน60. Experts believe that if the IPO is allotted above the upper price band of โน98, Emfors Autotech shares could be listed at โน158.
On the listing day, experts predict that investors could earn a profit of over 60% on Emfors Autotech’s IPO shares.
The company’s IPO shares will be listed on the Bombay Stock Exchange’s SME platform on Tuesday, April 30, 2024. Retail investors can only purchase 1 lot of the company’s shares, with each lot containing 1,200 shares. Retail investors will need to deposit โน117,600 to purchase a lot in the IPO.
Emfors Autotech company’s IPO size is โน53.90 crore. Before the IPO, promoters held a 100% stake in the company, which will decrease to 73.17% post-IPO.
The funds raised through the IPO will be used to meet the company’s working capital requirements and general corporate purposes. The company plans to invest some of the funds in its subsidiary, Enforcements Mobility Solutions Private Limited.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.