Emmforce Autotech soars on market debut, lists with 90% premium on BSE SME

The offer is a entirely a fresh issue of 55 lakh shares.

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26 Aug, 2025 12:21

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Shares of Emmforce Autotech made a fabulous debut on the exchanges on April 30 after listing at Rs 186.20, a staggering 90 percent premium over the issue price of Rs 98 on BSE SME.

The listing gains, however, missed grey market estimates where shares were commanding a  premium of close to 132 percent. The grey market operates as an unofficial platform where shares are traded prior to the  opening of the subscription until the listing day. This unregulated market allows investors to speculate on the pricing.

Emmforce Autotech specializes in manufacturing and exporting drivetrain components for niche vehicles. Their product line includes a wide range of parts such as differential housings, locks, covers, 4WD locking hubs, spindles, axles, gear shifters, and more, designed primarily for 4WD and high-performance racing vehicles.

The Rs 53.90 crore public offer received impressive investor interest from April 23-25 after the issue was subscribed 364.37 times. Non-institutional investors were at the forefront, buying 862 times their reserved portion. Retail investors subscribed over 267 times while QIBs bought over 160 times their quota.

The net proceeds raised from the issue will be primarily directed towards  investing in its subsidiary, Emmforce Mobility Solutions Private Limited (EMSPL), to bolster its working capital and margin requirements for term loans. Additionally, the company plans to utilize the funds to meet its own working capital requirements and for general corporate purposes, ensuring sustained operations.

The price band of issue was fixed at Rs 93-98. The offer is s entirely a fresh issue of 55 lakh shares.