(i) Elofic Industries Limited was incorporated in 1973, under the provisions of the Companies Act, 1956. The company along with its subsidiary (collectively referred to as the Group) is engaged in manufacturing and supplying of automobile filters and lubes. The Holding Company has its Registered Office at 14/4, Mathura Road, Faridabad-121003.
(ii) Elofic is one of India’s largest filter manufacturing companies producing a complete range of filters and lubricants. With a legacy spanning over 67 years, a workforce of more than 600 professionals across six state-of-the-art manufacturing facilities in Faridabad (Haryana), Nalagarh (Himachal Pradesh), and Hosur (Tamil Nadu) in India and a global clientele consisting of Fortune 1000 blue-chip corporations, Elofic is a brand that inspires trust. Elofic offers the following filtration and lubrication products: oil filters, air filters, fuel filters, hydraulic filters, coolants and lubricants, and grease.
(iii) Products Catalogue
(iv) Elofic is the trusted name among Indian and Global automobile players. Few prominent names are mentioned in the below table.
|Action Construction Equipment Ltd.||Argo Tractors, Italy|
|Bosch Limited.||Briggs & Stratton, USA|
|Escorts Construction Equipment Ltd.||Generac Power Systems Inc, USA|
|Godrej & Boyce Mfg. Co. Ltd||Kawasaki Motors Manufacturing Corpn., USA|
|JCB India Ltd.||Kohler Engines, USA|
|International Tractors Limited||Wabco, Germany|
|Mahindra & Mahindra||Lombardini, Italy|
|Maruti Suzuki India Limited|
|Renault Nissan Mitsubishi Alliance, India|
|VST Tillers & Tractors Ltd.|
|Volvo Eicher Commercial Vehicles Ltd.|
The company has one subsidiary in the USA with the name Elofic USA, LLC. The company has 100% stakes in the subsidiary.
Corporate Video of Elofic Industries
|Total Available Shares:||NA|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||25 Shares|
|Current Unlisted Share Price:||₹ Best in Industry Per Equity Share|
|Name of Promoters/shareholders||No. of Shares||% of Shares|
|Mohan Bir Sahni||7,13,435||28.44%|
|Kanwal Deep Sahni||7,51,285||29.95%|
|Sources of Funds|
|Long- Term Debt||2.7||2.8||0.56||0.21||0.27||0.09|
|Application of Funds|
|Stock in Trade||19||16||16||17||1.8||4|
|Changes in Inventory||-1.38||0.46||-1.78||-1.38||5.45||-3.15|
|Profit before tax||6.68||9.33||20||27||24||38|
|Share of Associates||0||0||0||0||0||0|
|EPS in Rs||20||24||48||81||70||99|
|Trade receivables days||35||33||43||48||37||42|
Please find below the procedure for buying Elofic Industries Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Elofic Industries Limited Unlisted Shares at UnlistedZone.
Lock-in period of Elofic Industries Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Elofic Industries Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Elofic Industries Limited Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
If you buy Elofic Industries Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of Elofic Industries Limited Unlisted Shares Instantly?
The Elofic Industries Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of Elofic Industries Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.
If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."
We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Elofic Industries Limited Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Elofic Industries Limited Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Elofic Industries Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.