Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Fri, Sep 15, 2023 - Wed, Sep 20, 2023
Holmarc Opto-Mechatronics IPO is a fixed price issue of ₹11.40 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹11.40 crore.
Holmarc Opto-Mechatronics IPO bidding started from Sep 15, 2023 and ended on Sep 20, 2023. The allotment for Holmarc Opto-Mechatronics IPO was finalized on Sep 25, 2023. The shares got listed on NSE SME on Sep 25, 2023.
Holmarc Opto-Mechatronics IPO price is ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Finshore Management Services 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 Nikunj Stock Brokers Ltd..
Refer to Holmarc Opto-Mechatronics IPO RHP for detailed Information.
IPO Open
Fri, Sep 15, 2023
IPO Close
Wed, Sep 20, 2023
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹40.20 Cr
| IPO Date | 15 to 20 Sep, 2023 |
| Listed on | Mon, Sep 25, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,50,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,44,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.5760 Cr) |
| Fresh Issue (Ex Market Maker) | 27,06,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 27,06,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 72,00,000 shares |
| Share Holding Post Issue | 1,00,50,000 shares |
| NSE Symbol | HOLMARC |
| ISIN | INE0LXA01019 |
Holmarc Opto-Mechatronics IPO comprises a total issue size of 28,50,000 shares. The net offer to the public is 27,06,000 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 13,53,000 (50.00%) allocated to NII 13,53,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,53,000 | 50.00% | 47.47% |
| Retail Shares Offered | 13,53,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.05% | |
| Total Shares Offered | 28,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 1993, Holmarc Opto-Mechatronics Limited manufactures scientific and engineering instruments for research, industry, and education.
The company designs, develops, and manufactures Imaging Instruments, Measuring Instruments, Spectroscopy, Analytical Instruments, Lab Instruments, Physics Lab Instruments, Breadboard/Table Tops, Opto-mechanics, Optics, Linear & Rotation Stages, Motorized Linear & Rotation Stages, Industrial Automation, etc.
The company also manufactures a variety of import substitute products for the Indian market which are also exported. Products that come under this category are Quantum Efficiency Measurement Stations for solar cells, UV Laser Marking Stations for photo-lithography, Automated Rotary Antenna Positioners, Spectroscopic Ellipsometer for thin film measurements, UV Ozone Cleaner, Spectroscopic Reflectometer, Photo Detector Measurement System, Raman Spectrometer, etc.
Holmarc has developed over 800 products with standard specifications which includes customized products as well.
Holmarc's manufacturing unit is located at Ernakulam, Kerala, spread over approx. 29,984 sq. ft. The company recorded Rs. 2,903.67 Lacs, Rs. 2,102.34 Lacs, and Rs. 1,553.06 Lacs in revenue from operations in 2023, 2022, and 2021 respectively.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 16.59 | 14.67 | 12.47 |
| Total Income | 29.18 | 21.18 | 15.73 |
| Profit After Tax | 3.56 | 1.55 | 0.69 |
| NET Worth | 11.60 | 8.24 | 6.89 |
| Reserves and Surplus | 4.40 | 8.04 | 6.69 |
| Total Borrowing | 1.34 | 2.06 | 1.66 |
| 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 Capital Expenditure towards Purchase of Additional Plant & Machinery | 3.54 |
| 2 | To meet the Working Capital Requirements | 4.82 |
| 3 | General Corporate Purposes | 1.50 |
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 36 |
| ROCE | 33 |
| Debt/Equity | 0.12 |
| RoNW | 30.70 |
| PAT Margin | 12.27% |
| EBITDA Margin | 20.33% |
| Price to Book Value | 2.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.95 | 3.54 |
| P/E (x) | 8.09 | 11.29 |
| Promoter Holding | 87.30% | 62.54% |
| Market Cap | ₹40.20 Cr. |
The Holmarc Opto-Mechatronics IPO is subscribed 85.81 times on September 20, 2023 7:29:00 PM (Day 3). The public issue subscribed 75.78 times in the retail category, [.] times in the QIB category, and 93.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 93.27 | 13,53,000 | 12,61,89,000 |
| Retail | 75.78 | 13,53,000 | 10,25,34,000 |
| Total | 85.81 | 27,06,000 | 23,22,09,000 |
Total Application : 34,178
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees, Underwriting commission, including other intermediaries Fees, Printing and distribution of Issue Stationary | 0.28 |
| 2 | Regulators Including Stock Exchanges | 0.12 |
| 3 | Advertising and Marketing Expenses | 1.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹65.25 |
| Low | ₹65.00 |
| High | ₹68.50 |
| Last Trade | ₹68.50 |
Lead Manager Reports
Holmarc Opto-Mechatronics IPO is a SME IPO of 28,50,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Sep 15, 2023, and closes on Wed, Sep 20, 2023.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Holmarc Opto-Mechatronics IPO using UPI as a payment gateway. Zerodha customers can apply in Holmarc Opto-Mechatronics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Holmarc Opto-Mechatronics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Holmarc Opto-Mechatronics IPO opens on Fri, Sep 15, 2023 and closes on Wed, Sep 20, 2023.
Holmarc Opto-Mechatronics IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Holmarc Opto-Mechatronics 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 Holmarc Opto-Mechatronics IPO will be done on Monday, September 25, 2023, and the allotted shares will be credited to your demat account by Wed, Sep 27, 2023. Check the Holmarc Opto-Mechatronics IPO allotment status.
The Holmarc Opto-Mechatronics IPO listing date is on Mon, Sep 25, 2023.
