Emmforce-autotech-ipo-opens Know-gmp-may Give-102-percent-premium Know-details | Emmforce Autotech IPO: This company’s GMP gives 102 percent earning potential, IPO opens today

Upcoming IPOs: Speculations about the IPO of this company were already going on. Market experts were saying, IPO of this auto component manufacturing company can give you profit. Find out what GMP says?

Share how much money?

Auto component company Mforce Autotech Limited’s IPO opened on Tuesday, April 23. It is an SME IPO through which the company is trying to raise Rs 53.90 crore. The face value of the shares of the company is Rs.10 per share. The IPO is trending at a huge premium to GMP before opening.

Should you invest in this IPO?
Amforce Autotech’s IPO opens today i.e. 23 April 2024 Investors can invest in this IPO till 25 April 2024 The company is selling 5,499,600 shares through this IPO The company is issuing completely new shares through IPO. The price band of the company’s shares has been fixed at Tk 93 to Tk 95 per share.

When will the shares be listed in the market?
Allotment of shares of Amforce Autotech Limited is scheduled to take place on 26 April 2024 Where investors will get their money back on April 29 Shares will be transferred to demat account on April 29 The shares will be listed on April 30 The company has set a lot size of 1200 shares. Here retail investors can bid up to Rs 1,17,600 at a time. The IPO has reserved 50 per cent shares for qualified institutional buyers, 35 per cent for retail investors and 15 per cent for non-institutional buyers.

Company indicates excellent GMP
Shares of Amforce Autotech Ltd are indicating a strong premium to GMP. According to Investorgain.com, the company’s shares can yield a profit of 102.04 percent at a premium of Rs 100 in the gray market. If this situation continues on the day of listing, the share may be listed at Rs 198.

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