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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 ₹75.00 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 investment for 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 Date | January 24, 2025 to January 28, 2025 |
| Listing Date | January 31, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹71 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,99,200 shares (aggregating up to ₹27.74 Cr) |
| Reserved for Market Maker | 1,85,600 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.39 Cr) |
| Net Offered to Public | 35,13,600 shares (aggregating up to ₹26.35 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,36,99,200 shares |
H.M.Electro Mech IPO offers total 36,99,200 shares. Out of which 17,55,200 (47.45%) allocated to QIB, 7,02,400 (18.99%) allocated to QIB (Ex- Anchor), 5,28,000 (14.27%) allocated to NII, 12,30,400 (33.26%) allocated to RII and 10,52,800 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,85,600 (5.02%) |
| QIB Shares Offered | 17,55,200 (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 (14.27%) |
| Retail Shares Offered | 12,30,400 (33.26%) |
| Total Shares Offered | 36,99,200 (100.00%) |
H.M.Electro Mech IPO raises ₹7.90 crore from anchor investors. H.M.Electro Mech IPO Anchor bid date is January 23, 2025. H.M.Electro Mech IPO Anchor Investors list
| Bid Date | January 23, 2025 |
| Shares Offered | 10,52,800 |
| Anchor Portion Size (In Cr.) | 7.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 29, 2025 |
H.M.Electro Mech IPO opens on January 24, 2025, and closes on January 28, 2025.
| IPO Open Date | Fri, Jan 24, 2025 |
| IPO Close Date | Tue, Jan 28, 2025 |
| Tentative Allotment | Wed, Jan 29, 2025 |
| Initiation of Refunds | Thu, Jan 30, 2025 |
| Credit of Shares to Demat | Thu, Jan 30, 2025 |
| Tentative Listing Date | Fri, Jan 31, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jan 28, 2025 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 117.3 | 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 | 6.4 | 0.18 |
| Amount in ₹ Crore | ||||
The market capitalization of H.M.Electro Mech IPO is ₹102.74 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 8.19 | 4.87 |
| P/E (x) | 9.16 | 15.39 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is engaged in providing turnkey projects on EPC contracts for infra projects of various types. It posted steady growth in its top and bottom lines for the reported periods. As per historical data, it always marks better top and bottom lines for the second half. As of September 30, 2024, it had an order book worth Rs. 183 cr. Based on recent financial performance, the issue appears fully priced. Investors may park funds for the medium to long term. Read detail review...
| Listing Date | January 31, 2025 |
| BSE Script Code | 544349 |
| NSE Symbol | |
| ISIN | INE0DZD01015 |
| Final Issue Price | ₹75 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹81.00 |
| Low | ₹76.95 |
| High | ₹81.00 |
| Last Trade | ₹77.04 |
H.M.Electro Mech Ltd.
305, Ashram Avenue, B/H
Kochrab Ashram, Paldi
Ahmedabad- 380006
Ahmedabad, Gujarat
Phone: +91 079 40092538
Email: cs@hmelectromech.com
Website: https://www.hmelectromech.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
H.M.Electro Mech IPO is a SME IPO of 36,99,200 equity shares of the face value of ₹10 aggregating up to ₹27.74 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on January 24, 2025, and closes on January 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 January 24, 2025 and closes on January 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 Thursday, January 30, 2025. Check the H.M.Electro Mech IPO allotment status.
The H.M.Electro Mech IPO listing date is on Friday, January 31, 2025.
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