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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 ₹138.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,31,000 (1000 shares). The minimum lot size investment for 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 Date | May 9, 2024 to May 13, 2024 |
| Listing Date | May 16, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹131 to ₹138 per share |
| Issue Price Final | ₹138 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,82,000 shares (aggregating up to ₹41.15 Cr) |
| Reserved for Market Maker | 1,50,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹2.07 Cr) |
| Net Offered to Public | 28,32,000 shares (aggregating up to ₹39.08 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 83,44,500 shares |
| Share Holding Post Issue | 1,13,26,500 shares |
Energy Mission Machineries IPO offers total 29,82,000 shares. Out of which 14,15,000 (47.45%) allocated to QIB, 5,66,000 (18.98%) allocated to QIB, 4,25,000 (14.25%) allocated to NII, 9,92,000 (33.27%) allocated to RII and 8,49,000 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,50,000 (5.03%) |
| QIB Shares Offered | 14,15,000 (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 (14.25%) |
| Retail Shares Offered | 9,92,000 (33.27%) |
| Total Shares Offered | 29,82,000 (100.00%) |
Energy-Mission Machineries IPO raises ₹11.72 crore from anchor investors. Energy-Mission Machineries IPO Anchor bid date is May 8, 2024. Energy-Mission Machineries IPO Anchor Investors list
| Bid Date | May 8, 2024 |
| Shares Offered | 8,49,000 |
| Anchor Portion Size (In Cr.) | 11.72 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 12, 2024 |
Energy-Mission Machineries IPO opens on May 9, 2024, and closes on May 13, 2024.
| IPO Open Date | Thu, May 9, 2024 |
| IPO Close Date | Mon, May 13, 2024 |
| Tentative Allotment | Tue, May 14, 2024 |
| Initiation of Refunds | Wed, May 15, 2024 |
| Credit of Shares to Demat | Wed, May 15, 2024 |
| Tentative Listing Date | Thu, May 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 13, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Energy-Mission Machineries (India) Limited's revenue increased by 27.31% and profit after tax (PAT) rose by 135% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,958.11 | 8,258.65 | 7,382.45 | 6,575.72 |
| Total Income | 8,399.76 | 10,066.12 | 7,906.57 | 4,834.07 |
| Profit After Tax | 674.80 | 790.01 | 336.17 | 95.33 |
| Net Worth | 3,027.82 | 2,353.02 | 1,563.01 | 1,226.84 |
| Reserves and Surplus | 2,193.37 | 2,074.87 | 1,284.86 | 948.69 |
| Total Borrowing | 2,333.05 | 2,187.82 | 2,457.23 | 2,228.59 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Energy-Mission Machineries IPO is ₹156.31 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| 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 Rs | 9.47 | 9.88 |
| P/E (x) | 14.58 | 13.97 |
The company intend to utilize the proceeds of the net issue to meet the following objects:
[Dilip Davda] The company is engaged in designing and manufacturing CNC, NC and conventional metal forming machines. This segment has many players and all of them have different set of financial performances. This company marked steady growth in its top lines, but boosted profits from FY22 onwards raise eyebrows and concern over its sustainability. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for the medium to long term rewards. Read detail review...
| Listing Date | May 16, 2024 |
| BSE Script Code | |
| NSE Symbol | EMMIL |
| ISIN | INE0S1L01013 |
| Final Issue Price | ₹138 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹138.00 |
| Open | ₹366.00 |
| Low | ₹350.30 |
| High | ₹384.30 |
| Last Trade | ₹384.25 |
Energy-Mission Machineries (India) Ltd.
E-9/3 & E-12 Sanand-II Industrial Area
Bol GIDC Sanand
Bol,
Ahmedabad, Gujarat, 382170
Phone: +91-7984768296
Email: cfo@energymission.com
Website: https://www.energymission.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/IPO_Status.html
Energy-Mission Machineries IPO is a SME IPO of 29,82,000 equity shares of the face value of ₹10 aggregating up to ₹41.15 Crores. The issue is priced at ₹138 per share. The minimum order quantity is 1000.
The IPO opens on May 9, 2024, and closes on 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 May 9, 2024 and closes on 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 Wednesday, May 15, 2024. Check the Energy-Mission Machineries IPO allotment status.
The Energy-Mission Machineries IPO listing date is on Thursday, May 16, 2024.
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