Emmforce Autotech shares listed at 90% premium on BSE SME after successful IPO with 197 times subscription rate.
Emmforce Autotech shares listed at a 90% premium on BSE SME, reaching ₹186.20 after a successful IPO with over 197 times subscription rate. The company, a drivetrain parts manufacturer, aims to raise ₹53.9 crore for corporate objectives and subsidiary support. The auto components industry in India contributes 2.3% of GDP and is expected to increase to 5-7% by 2026.
April 30, 2024
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