Latest news with #FourFrontLimited
News18
3 days ago
- Automotive
- News18
FourFront Limited Received In-Principle Approval From BSE
PNNMumbai (Maharashtra) [India], August 12: 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 received approval for its Draft Red Herring Prospectus, marking a significant step toward its Initial Public 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 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 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
3 days ago
- Automotive
- Mint
Upcoming IPO: FourFront Limited receives BSE approval for SME IPO launch
Upcoming IPO: FourFront Limited has received a BSE approval for SME IPO launch On August 12, 2025, FourFront Limited announced having received in-principle approval from BSE for the SME IPO launch. The FourFront Ltd has received approval for its Draft Red Herring Prospectus, marking a significant step toward its Initial Public Offering. FourFront, Ltd., is an automotive component manufacturer with design capabilities for electromechanical and power electronics products for the EV and industrial automotive sectors. ForeFront Ltd plans to issue 6,500,000 fresh equity shares with a face value of ₹ 10 each. As the company advances with its IPO plans, the ForeFront Ltd plans to utilise the proceeds from the IPO towards 1. Part-financing the Proposed Project FF, 2. Funding incremental working capital requirements, 3. Investment in its wholly owned subsidiary for financing the proposed Project EV 4. funding its incremental working capital requirement and 5. for general corporate purposes. The capital raised will support the company's strategic objectives and strengthen its competitiveness, highlighted ForeFront Ltd 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. ForeFront Ltd. in the key risks section of the RHP has said that 'Our business and revenues are highly dependent on one main customer who is also one of the top OEMs in the automotive industry in India. Any Adverse Changes in OEM's Procurement Policies or Business Plans Could Materially Impact Our Financial Performance.' Promoters of the company are Shrikant Narayan Neurgaonkar and Ashish Arving Kalay. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
