Latest news with #ProposedProjectFF
Business Standard
16 hours ago
- Automotive
- Business Standard
Fourfront Limited Files DRHP On BSE SME For IPO
PNN Mumbai (Maharashtra) [India], July 4: Fourfront Limited (Fourfront, the Company), an automotive component manufacturer with design capabilities for electromechanical and power electronics products for the EV and industrial automotive sectors, has announced plans to enter the primary market with an IPO. The company has filed its Draft Red Herring Prospectus with BSE SME in preparation for the IPO. The company plans to issue 65,00,000 fresh equity shares with a face value of ₹ 10 each. As the company advances with its IPO plans, Part-financing the Proposed Project FF, Funding incremental working capital requirements, Investment in our wholly owned Subsidiary for financing the Proposed Project EV, funding its incremental working capital requirement and general corporate purposes. The capital raised will support the company's strategic objectives, strengthen its competitive. Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while MUFG Intime India Private Limited will serve as the Registrar to the Issue. About Fourfront Limited: Fourfront Limited is a manufacturing company specializing in electromechanical and power electronics products for the automotive industry. Operating under its flagship brand, the company produces switches, USB chargers, DC-DC converters, onboard chargers, Power Distribution Units, and other electronic components catering to both conventional and electric vehicles. With a strong presence in the commercial vehicle segment, Fourfront serves multiple leading OEMs and industrial product manufacturers across India. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Mint
2 days ago
- Automotive
- Mint
Upcoming IPO: Fourfront files DRHP at BSE to launch SME IPO. Details here
Automotive component manufacturer firm Fourfront has filed draft papers at Bombay Stock Exchange (BSE) to launch public issue at BSE SME. The company has submitted its Draft Red Herring Prospectus (DRHP) to BSE SME as part of its upcoming IPO. The company plans to issue 65,00,000 new equity shares, each with a face value of ₹ 10. The IPO proceeds will be used for part-financing the Proposed Project FF, meeting additional working capital needs, investing in its wholly owned subsidiary for the Proposed Project EV, funding the subsidiary's working capital requirements, and for general corporate purposes. These funds will help the company achieve its strategic goals and enhance its market position. Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager, while MUFG Intime India Private Limited will act as the Registrar to the Issue. Fourfront Limited is a manufacturing company specializing in electromechanical and power electronics products for the automotive industry. Operating under its flagship brand, the company produces switches, USB chargers, DC-DC converters, onboard chargers, Power Distribution Units, and other electronic components catering to both conventional and electric vehicles. With a strong presence in the commercial vehicle segment, Fourfront serves multiple leading OEMs and industrial product manufacturers across India. The company operates from a 30,000 sq. ft. integrated facility in Chinchwad, Maharashtra, equipped with advanced engineering software, semi-automatic assembly lines, SMT technology, and a full-fledged in-house testing lab. For the period ending March 31, 2024, the company posted revenue of ₹ 12,865.84 lakhs, with an EBITDA of ₹ 3,219.76 lakhs and a profit after tax (PAT) of ₹ 2,099.29 lakhs. In comparison, for the period ending December 31, 2024, it reported revenue of ₹ 7,081.06 lakhs, EBITDA of ₹ 1,595.98 lakhs, and PAT of ₹ 952.39 lakhs. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
