Bookbuilding IPO | ₹28 Cr | Listed at BSE SME | Fri, Jan 24, 2025 - Tue, Jan 28, 2025
H.M.Electro Mech IPO is a book build issue of ₹27.74 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹27.74 crore.
H.M.Electro Mech IPO bidding started from Jan 24, 2025 and ended on Jan 28, 2025. The allotment for H.M.Electro Mech IPO was finalized on Jan 29, 2025. The shares got listed on BSE SME on Jan 31, 2025.
H.M.Electro Mech IPO price band is set at ₹75 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to H.M.Electro Mech IPO RHP for detailed Information.
IPO Open
Fri, Jan 24, 2025
IPO Close
Tue, Jan 28, 2025
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹102.74 Cr
| IPO Date | 24 to 28 Jan, 2025 |
| Listed on | Fri, Jan 31, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,99,200 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 1,85,600 shares Spread X Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 35,13,600 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 35,13,600 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,36,99,200 shares |
| BSE Script Code | 544349 |
| ISIN | INE0DZD01015 |
H.M.Electro Mech IPO comprises a total issue size of 36,99,200 shares. The net offer to the public is 35,13,600 shares, after excluding 1,85,600 shares allotted on a firm basis. Of the Net offer 17,55,200 (49.95%) are allocated to QIB, 5,28,000 (15.03%) allocated to NII 12,30,400 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,55,200 | 49.95% | 47.45% |
| − Anchor Investor Shares Offered | 10,52,800 | 28.46% | |
| − QIB (Ex. Anchor) Shares Offered | 7,02,400 | 18.99% | |
| NII (HNI) Shares Offered | 5,28,000 | 15.03% | 14.27% |
| Retail Shares Offered | 12,30,400 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,85,600 | 5.02% | |
| Total Shares Offered | 36,99,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
H.M.Electro Mech IPO raises ₹7.90 crore from anchor investors. H.M.Electro Mech IPO Anchor bid date is January 23, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jan 23, 2025 |
| Shares Offered | 10,52,800 |
| Anchor Portion (₹ Cr.) | 7.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Feb 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Apr 29, 2025 |
Incorporated in 2003, H.M. Electro Mech Limited is an infrastructure firm specialising in turnkey projects, including supply, installation, testing, and commissioning of pumping machinery and providing comprehensive operation and maintenance services.
The company's core business includes electrification projects with Indian Railways, banks, and municipal corporations. It has also started EPC projects, which include laying cross-country pipelines and civil work for water supply projects such as water treatment plants, pump houses, diesel generators, panel rooms, instrumentation, and PLC-SCADA.
H.M. Electro-Mech has collaborated with other companies for the civil work portion of these EPC projects. Additionally, the company sell products such as pumps, pipes, transformers, and motors.
The company's clients include State Governments, Central Governments, Municipal corporations, the banking sector and educational institutes.
The company operates nationwide, handling projects in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Punjab, and Chandigarh.
As of September 30, 2024, the Company had 37 permanent employees and 107 on contracts.
Competitive Strength
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 85.99 | 72.15 | 64.08 | 44.34 |
| Total Income | 45.43 | 117.30 | 101.67 | 62.03 |
| Profit After Tax | 3.34 | 8.19 | 6.01 | 2.58 |
| NET Worth | 35.42 | 32.27 | 24.08 | 18.07 |
| Reserves and Surplus | 25.42 | 22.27 | 14.08 | 8.07 |
| Total Borrowing | 7.33 | 12.25 | 6.40 | 0.18 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 21.00 |
| 2 | General Corporate Purposes | 4.02 |
| 3 | Public Issue Expenses | 2.72 |
| Total | 27.74 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 29.06% |
| ROCE | 33.28% |
| Debt/Equity | 0.38 |
| RoNW | 25.37% |
| PAT Margin | 6.99% |
| Price to Book Value | 2.32 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.19 | 4.87 |
| P/E (x) | 9.16 | 15.39 |
| Promoter Holding | 97.47% | 71.15% |
| Market Cap | ₹102.74 Cr. |
The H.M. Electro Mech IPO is subscribed 91.75 times on January 28, 2025 5:04:51 PM (Day 3). The public issue subscribed 95.55 times in the retail category, 16.01 times in the QIB category, and 183.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 16.01 | 7,02,400 | 1,12,48,000 | 0 |
| NII* | 183.65 | 5,28,000 | 9,69,64,800 | 497 |
| Retail | 95.55 | 12,30,400 | 11,75,63,200 | 10,644 |
| Total | 91.75 | 24,60,800 | 22,57,76,000 | 85,615 |
Total Application : 85,615
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.03 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.10 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.16 |
| 6 | Fees payable for Financial Due Diligence | 0.01 |
| 7 | Fees payable to Peer Review Auditor | 0.02 |
| 8 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 9 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 1.99 |
| 10 | Escrow Bank Fees | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹81.00 |
| Low | ₹76.95 |
| High | ₹81.00 |
| Last Trade | ₹77.04 |
Lead Manager Reports
H.M.Electro Mech IPO is a SME IPO of 36,99,200 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Jan 24, 2025, and closes on Tue, Jan 28, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in H.M.Electro Mech IPO using UPI as a payment gateway. Zerodha customers can apply in H.M.Electro Mech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in H.M.Electro Mech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The H.M.Electro Mech IPO opens on Fri, Jan 24, 2025 and closes on Tue, Jan 28, 2025.
H.M.Electro Mech IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in H.M.Electro Mech 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 H.M.Electro Mech IPO will be done on Wednesday, January 29, 2025, and the allotted shares will be credited to your demat account by Thu, Jan 30, 2025. Check the H.M.Electro Mech IPO allotment status.
The H.M.Electro Mech IPO listing date is on Fri, Jan 31, 2025.
