IPO Issue Details
Issue Price / Price Band₹75 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size36,99,200 shares (aggregating up to ₹27.74 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 24 Jan 2025
Subscription CloseTue, 28 Jan 2025
Anchor AllotmentThu, 23 Jan 2025
Basis of AllotmentWed, 29 Jan 2025
Initiation of RefundsThu, 30 Jan 2025
Credit of Shares to DematThu, 30 Jan 2025
Listing DateFri, 31 Jan 2025
UPI Mandate Deadline2025-01-28
Application & Investment Details
Retail — Min (1 Lots)120000 — 1600 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)240000 — 3200 shares
EPS (Pre-IPO)₹8.19
EPS (Post-IPO)₹4.87
P/E Ratio (Pre-IPO)9.16x
P/E Ratio (Post-IPO)15.39x
Net Offer to Public35,13,600 shares (aggregating up to ₹26.35 Cr)
Reserved for Market Maker1,85,600 shares (aggregating up to ₹1.39 Cr)
Pre-IPO Promoter Holding1,00,00,000 shares
Post-IPO Promoter Holding1,36,99,200 shares
About H.M.Electro Mech Ltd.
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 StrengthProvides end-to-end solutions for projects, starting from conceptualization to maintenanceRobust relationships with leading manufacturers and OEMs, facilitating competitive pricing and expedited deliveryPrompt decision-making process ensures swift project progression and responsiveness to client needs.Experienced Management TeamThe team swiftly mobilizes resources for emergencies.
Objects of the Issue
H.M.Electro Mech Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirements
2
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,00,00,000 shares
Post-IPO Promoter Holding
1,36,99,200 shares