Emmforce Autotech Ltd.

Emmforce Autotech's IPO received an overwhelming response, with a 365 times subscription on the final day. The IPO raised Rs 53.90 crore, with strong interest from all investor categories.

Emmforce Autotech, an auto components maker, raised Rs 15.34 crore from anchor investors ahead of its IPO launch. The company will use the funds for expansion and working capital.

Emmforce AutoTech Ltd's Rs 54 crore IPO opens on April 23. The price band is set at Rs 93-98/share. The IPO will be listed on the BSE SME platform.

Emmforce Autotech, an automotive components manufacturer, has filed draft papers for an IPO to raise funds. The IPO will be used to expand its subsidiary, Emmforce Mobility Solutions Pvt Ltd.

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