Electro Force (India) Ltd. has announced public offering of 8674800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 83.00 per share. The gross proceeds of the issue are expected to be Rs 8,067.56 lakhs.

The company's initial public offer (IPO) will open on 19 December 2023 and is expected to close on 21 December 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 8674800 Equity Shares of the Company at an price of Rs 93.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Electro Force (India) Ltd. anticipates using the proceeds of the issue for Funding additional working capital requirements of the Company Pursuing Inorganic Growth General corporate purposes.

FIRST OVERSEAS CAPITAL LIMITED as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.