Bookbuilding IPO | ₹41 Cr | Listed at NSE SME | Thu, May 9, 2024 - Mon, May 13, 2024
Energy-Mission Machineries IPO is a book build issue of ₹41.15 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹41.15 crore.
Energy-Mission Machineries IPO bidding started from May 9, 2024 and ended on May 13, 2024. The allotment for Energy-Mission Machineries IPO was finalized on May 14, 2024. The shares got listed on NSE SME on May 16, 2024.
Energy-Mission Machineries IPO price band is set at ₹138 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,38,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,76,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Energy-Mission Machineries IPO RHP for detailed Information.
IPO Open
Thu, May 9, 2024
IPO Close
Mon, May 13, 2024
Issue Price
₹138 per share
Market Cap (Pre-IPO)
₹156.31 Cr
| IPO Date | 9 to 13 May, 2024 |
| Listed on | Thu, May 16, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹131 to ₹138 |
| Issue Price | ₹138 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 29,82,000 shares (agg. up to ₹41 Cr) |
| Reserved for Market Maker | 1,50,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 28,32,000 shares (agg. up to ₹39 Cr) |
| Net Offered to Public | 28,32,000 shares (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 83,44,500 shares |
| Share Holding Post Issue | 1,13,26,500 shares |
| NSE Symbol | EMMIL |
| ISIN | INE0S1L01013 |
Energy-Mission Machineries IPO comprises a total issue size of 29,82,000 shares. The net offer to the public is 28,32,000 shares, after excluding 1,50,000 shares allotted on a firm basis. Of the Net offer 14,15,000 (49.96%) are allocated to QIB, 4,25,000 (15.01%) allocated to NII 9,92,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,15,000 | 49.96% | 47.45% |
| − Anchor Investor Shares Offered | 8,49,000 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 5,66,000 | 18.98% | |
| NII (HNI) Shares Offered | 4,25,000 | 15.01% | 14.25% |
| Retail Shares Offered | 9,92,000 | 35.03% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,50,000 | 5.03% | |
| Total Shares Offered | 29,82,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,38,000 |
| Retail (Max) | 1 | 1,000 | ₹1,38,000 |
| HNI (Min) | 2 | 2,000 | ₹2,76,000 |
Energy-Mission Machineries IPO raises ₹11.72 crore from anchor investors. Energy-Mission Machineries IPO Anchor bid date is May 8, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, May 8, 2024 |
| Shares Offered | 8,49,000 |
| Anchor Portion (₹ Cr.) | 11.72 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jun 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Aug 12, 2024 |
Incorporated in 2011, Energy-Mission Machineries (India) Limited designs and manufactures various metal forming machines for industrial metal fabrication. The company's precision machines are utilized across various industries, such as automotive, steel, furniture, HVAC, agriculture, construction, elevators, food processing, and more. Its products include press brakes, shearing, plate rolling, ironworkers, hydraulic presses, and busbar bending, cutting, and punching machines.
The company exports its products to the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE and Saudi Arabia.
From April 2023 to August 2023, the company supplied more than 1,050 customers with over 1,487 metal forming machines, which include over 600 variations. This occurred over the last three fiscal years and five months.
The company's manufacturing facility is situated in Sanand, Ahmedabad, spread over 18,234 sq. mtrs. As of August 31, 2023, the manufacturing facility is ISO 9001:2015 certified.
The company has the ability to produce 900 machines annually.
The company sells products in 20 states and 2 Union Territories in India, with most revenue from Maharashtra, Gujarat, and Karnataka.
On October 31, 2023, the company had 253 permanent employees on a consolidated level. It also employed individuals on a contract basis.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 99.58 | 82.59 | 73.82 | 65.76 |
| Total Income | 84.00 | 100.66 | 79.07 | 48.34 |
| Profit After Tax | 6.75 | 7.90 | 3.36 | 0.95 |
| NET Worth | 30.28 | 23.53 | 15.63 | 12.27 |
| Reserves and Surplus | 21.93 | 20.75 | 12.85 | 9.49 |
| Total Borrowing | 23.33 | 21.88 | 24.57 | 22.29 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat | 6.86 |
| 2 | Funding of capital expenditure towards installation of new plant & machineries | 7.43 |
| 3 | To meet working capital requirements | 15.00 |
| 4 | General Corporate Purpose | 8.59 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 25.08% |
| ROCE | 21.86% |
| Debt/Equity | 0.77 |
| RoNW | 16.54% |
| PAT Margin | 8.10% |
| Price to Book Value | 4.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.47 | 9.88 |
| P/E (x) | 14.58 | 13.97 |
| Promoter Holding | 100% | |
| Market Cap | ₹156.31 Cr. |
The Energy Mission Machineries IPO is subscribed 320.67 times on May 13, 2024 6:19:58 PM (Day 3). The public issue subscribed 289.36 times in the retail category, 161.92 times in the QIB category, and 605.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 161.92 | 5,66,000 | 9,16,44,000 |
| NII* | 605.19 | 4,25,000 | 25,72,04,000 |
| Retail | 289.36 | 9,92,000 | 28,70,50,000 |
| Total | 320.67 | 19,83,000 | 63,58,98,000 |
Total Application : 2,87,050
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.26 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.15 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.05 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, secretarial, advisors, consultancy, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 2.72 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹138.00 |
| Open | ₹366.00 |
| Low | ₹350.30 |
| High | ₹384.30 |
| Last Trade | ₹384.25 |
Lead Manager Reports
Energy-Mission Machineries IPO is a SME IPO of 29,82,000 equity shares of the face value of ₹10 aggregating up to ₹41 Crores. The issue is priced at ₹138 per share. The minimum order quantity is 1000.
The IPO opens on Thu, May 9, 2024, and closes on Mon, May 13, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Energy-Mission Machineries IPO using UPI as a payment gateway. Zerodha customers can apply in Energy-Mission Machineries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Energy-Mission Machineries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Energy-Mission Machineries IPO opens on Thu, May 9, 2024 and closes on Mon, May 13, 2024.
Energy-Mission Machineries IPO lot size is 1000, and the minimum amount required for application is ₹1,38,000.
You can apply in Energy-Mission Machineries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Energy-Mission Machineries IPO will be done on Tuesday, May 14, 2024, and the allotted shares will be credited to your demat account by Wed, May 15, 2024. Check the Energy-Mission Machineries IPO allotment status.
The Energy-Mission Machineries IPO listing date is on Thu, May 16, 2024.
