H.M. Electro Mech IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 24 to Jan 28 2025
Price Band
₹71 - 75
Current GMP
₹81(8.00%)
Subscription
91.75 times
IPO Details
| IPO Date | January 24, 2025 to January 28, 2025 |
| Listing Date | Friday, January 31, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 36,99,200 shares (aggregating up to ₹27.74 Cr) |
| Fresh Issue | 36,99,200 shares (aggregating up to ₹ 27.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,36,99,200 shares |
| Market Maker Portion | 1,85,600 sharesSpread X Securities Private Limited |
IPO Date
January 24, 2025 to January 28, 2025
Listing Date
Friday, January 31, 2025
Face Value
₹10 per share
Price Band
₹71 to ₹75 per share
Lot Size
1,600 Shares
Total Issue Size
36,99,200 shares (aggregating up to ₹27.74 Cr)
Fresh Issue
36,99,200 shares (aggregating up to ₹ 27.74 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Share Holding Pre Issue
1,00,00,000 shares
Share Holding Post Issue
1,36,99,200 shares
Market Maker Portion
1,85,600 sharesSpread X Securities Private Limited
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 16.01 |
| Non-Institutional Buyers*** | 183.65 |
| Retail Investors | 95.55 |
| Total ** | 91.75 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
16.01
Non-Institutional Buyers***
183.65
Retail Investors
95.55
Total **
91.75
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jan 24, 2025 | 0 | 4.44 | 13.84 | 7.87 |
| Day 2 Jan 27, 2025 | 0.95 | 13.24 | 35.96 | 21.09 |
| Day 3 Jan 28, 2025 | 16.01 | 183.65 | 95.55 | 91.75 |
DayDay 1
Jan 24, 2025
QIB0
NII*4.44
Retail13.84
Total7.87
DayDay 2
Jan 27, 2025
QIB0.95
NII*13.24
Retail35.96
Total21.09
DayDay 3
Jan 28, 2025
QIB16.01
NII*183.65
Retail95.55
Total91.75
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 31-01-2025 | 75.00 | 6(8.00%) | 81 |
| 30-01-2025 | 75.00 | 6(8.00%) | 81 |
| 29-01-2025 | 75.00 | 15(20.00%) | 90 |
| 28-01-2025 | 75.00 | 15(20.00%) | 90 |
| 27-01-2025 | 75.00 | 20(26.67%) | 95 |
| 26-01-2025 | 75.00 | 24(32.00%) | 99 |
| 25-01-2025 | 75.00 | 24(32.00%) | 99 |
| 24-01-2025 | 75.00 | 24(32.00%) | 99 |
| 23-01-2025 | 75.00 | 25(33.33%) | 100 |
| 22-01-2025 | 75.00 | 25(33.33%) | 100 |
| 21-01-2025 | 75.00 | 0(0.00%) | 75 |
Date31-01-2025
Price75.00
GMP6(8.00%)
Estimate List Price81
Date30-01-2025
Price75.00
GMP6(8.00%)
Estimate List Price81
Date29-01-2025
Price75.00
GMP15(20.00%)
Estimate List Price90
Date28-01-2025
Price75.00
GMP15(20.00%)
Estimate List Price90
Date27-01-2025
Price75.00
GMP20(26.67%)
Estimate List Price95
Date26-01-2025
Price75.00
GMP24(32.00%)
Estimate List Price99
Date25-01-2025
Price75.00
GMP24(32.00%)
Estimate List Price99
Date24-01-2025
Price75.00
GMP24(32.00%)
Estimate List Price99
Date23-01-2025
Price75.00
GMP25(33.33%)
Estimate List Price100
Date22-01-2025
Price75.00
GMP25(33.33%)
Estimate List Price100
Date21-01-2025
Price75.00
GMP0(0.00%)
Estimate List Price75
IPO Important Dates
| IPO Open Date | Friday, January 24, 2025 |
| IPO Close Date | Tuesday, January 28, 2025 |
| Basis of Allotment | Wednesday, January 29, 2025 |
| Initiation of Refunds | Thursday, January 30, 2025 |
| Credit of Shares to Demat | Thursday, January 30, 2025 |
| Listing Date | Friday, January 31, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 28, 2025 |
IPO Open Date
Friday, January 24, 2025
IPO Close Date
Tuesday, January 28, 2025
Basis of Allotment
Wednesday, January 29, 2025
Initiation of Refunds
Thursday, January 30, 2025
Credit of Shares to Demat
Thursday, January 30, 2025
Listing Date
Friday, January 31, 2025
Cut-off time for UPI mandate confirmation
5 PM on January 28, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,20,000 |
| Retail (Max) | 1 | 1600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹1,20,000
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹1,20,000
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹2,40,000
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 85.99 | 72.15 | 64.08 |
| Revenue | 45.43 | 117.3 | 101.67 |
| Profit After Tax | 3.34 | 8.19 | 6.01 |
| Net Worth | 35.42 | 32.27 | 24.08 |
| Reserves and Surplus | 25.42 | 22.27 | 14.08 |
| Total Borrowing | 7.33 | 12.25 | 6.4 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 202485.99
31 Mar 202472.15
31 Mar 202364.08
Period EndedRevenue
30 Sep 202445.43
31 Mar 2024117.3
31 Mar 2023101.67
Period EndedProfit After Tax
30 Sep 20243.34
31 Mar 20248.19
31 Mar 20236.01
Period EndedNet Worth
30 Sep 202435.42
31 Mar 202432.27
31 Mar 202324.08
Period EndedReserves and Surplus
30 Sep 202425.42
31 Mar 202422.27
31 Mar 202314.08
Period EndedTotal Borrowing
30 Sep 20247.33
31 Mar 202412.25
31 Mar 20236.4
IPO Reservation
| Anchor Investor Shares Offered | 10,52,800 (28.46%) |
| Market Maker Shares Offered | 1,85,600 (5.02%) |
| QIB 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%) |
Anchor Investor Shares Offered
10,52,800 (28.46%)
Market Maker Shares Offered
1,85,600 (5.02%)
QIB 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%)
Information about company
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
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.
Objectives of IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
To Meet Working Capital Requirements
General Corporate Purposes
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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