H M Electro Mech IPO Details
H M Electro Mech IPO Summary
H M Electro Mech IPO opens for subscription on 24 Jan 2025 and closes on 28 Jan 2025.The IPO will be listed on BSE with the tentative listing date set for 31 Jan 2025.
H M Electro Mech IPO price band has been fixed at ₹71 – ₹75 per share. The face value is ₹10 per share with a lot size of 1600.
H M Electro Mech IPO total issue size comprises 36,99,200 shares (aggregating up to ₹27.74 Cr). This includes a fresh issue of 36,99,200 shares (aggregating up to ₹ 27.74 Cr). Pre-issue shareholding stands at 1,00,00,000, which will increase to 1,36,99,200 post-issue.
H M Electro Mech IPO carries a ₹24 (32%) GMP, reflecting investor sentiment.
H M Electro Mech IPO Lot Size :Retail Minimum is 1 lot (1,600 shares) amounting to ₹120,000. Retail Maximum is 1 lot (1,600 shares) amounting to ₹120,000. SHNI Minimum is 2 lots (3,200 shares) amounting to ₹240,000.
The Lead Managers for H M Electro Mech IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Beeline Capital Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the H.M. Electro Mech Limited RHP.
H M Electro Mech IPO Details
H M Electro Mech IPO Subscription
H M Electro Mech IPO Application Wise Breakup
H M Electro Mech IPO Dates
- 24 Jan 2025Opening dateOpen
- 28 Jan 2025Closing dateClose
- 29 Jan 2025Allotment Date Allotment
- 30 Jan 2025Initiation of RefundsRefund
- 30 Jan 2025Credit of SharesCredit
- 31 Jan 2025Listing dateListing
H M Electro Mech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹120,000 |
| Retail Maximum | 1 | 1600 | ₹120,000 |
| SHNI Minimum | 2 | 3200 | ₹240,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
H M Electro Mech IPO Reservation
Promoter Holding
Documents
H M Electro Mech IPO Valuations
H M Electro Mech Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 63.93 | 64.08 | 44.34 | 31.6 | ||||||||||||||||||||||||||||||||||||
| Revenue | 75.35 | 101.67 | 62.03 | 47.2 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 5.28 | 6.01 | 2.58 | 2.02 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 29.36 | 24.08 | 18.07 | 15.49 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 19.36 | 14.08 | 8.07 | 5.49 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 14.48 | 6.4 | 0.18 | 1.52 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
About H M Electro Mech IPO
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 May 31, 2024, the Company had 26 permanent employees and 28 on contracts.
Competitive Strength
- Provides end-to-end solutions for projects, starting from conceptualization to maintenance
- Robust relationships with leading manufacturers and OEMs, facilitating competitive pricing and expedited delivery
- Prompt decision-making process ensures swift project progression and responsiveness to client needs.
- Experienced Management Team
- The team swiftly mobilizes resources for emergencies.
Strength Of H M Electro Mech IPO
1. Comprehensive Solutions.
2. Strategic Partnerships.
3. Prompt Decision-Making.
4. Emergency Response Expertise.
5. Experienced Promoters and management team.
6. Robust Order Book.
7. Stability and Continuity.
Risk Of H M Electro Mech IPO
1. Majority of our Revenue from Operation (RFO) is generated from state of Gujarat and Rajasthan. Any adversedevelopment affecting our operations in this region could have an adverse impact on our business, financial condition and results of operations.
2. We do not own the place where our registered office is situated. In case of non-renewal of rent agreements/cancellation of the NOCs given so far or dispute in relation to use of the said premise, our business and results of operations can be adversely affected.
3. Our Company, promoters and directors are involved in certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
4. Our Company has reported certain negative cash flows from its operating activity, financing activity and investing activity, details of which are given below. Sustained negative cash flow could impact our growth and business.
5. Our On-going Projects (Order Book) may not be representative of our future results and our actual income may be significantly less than the estimates reflected in our Order Book, which could adversely affect our results of operations.
6. Our business is working capital intensive involving relatively long implementation periods. We require substantial financing for our business operations and the failure to obtain additional financing on terms commercially acceptable to us may adversely affect our ability to grow and our future profitability.
7. Our business requires the services of third party manufacturers and suppliers, which entail certain risks.
8. Increase in costs or a shortfall in availability of the materials we purchase could have a material adverse effect on our Company's sales, profitability and results of operations.
9. Our projects are typically awarded to us on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. Our business and our financial condition may be adversely affected if new projects are not awarded to us.
10. We have not obtained the registration of our trademarks used in our businesses and our inability to obtain or maintain these registrations may adversely affect our competitive business position.
Objectives H M Electro Mech IPO
- To Meet Working Capital Requirements
- General Corporate Purposes
Company Contact Details
H.M. Electro Mech Limited
305, Ashram Avenue, B/H
Kochrab Ashram, Paldi
Ahmedabad- 380006
Phone: +91 079 40092538
Email: cs@hmelectromech.com
Website: https://www.hmelectromech.com/
Registrar Contact Details
Market Maker
H M Electro Mech FAQs
The H M Electro Mech IPO is a SME public issue comprising 3699200 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹27.74 Cr. The issue price has been fixed at ₹75 per equity share, and the minimum application size is 1600 shares.
The IPO opens for subscription on 24 Jan 2025, and closes on 28 Jan 2025.
Cameo Corporate Services Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹24 (32%).
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