H.M. Electro Mech Limited IPO (H.M. Electro Mech IPO) Detail
H.M. Electro Mech IPO is a book built issue of Rs 27.74 crores. The issue is entirely a fresh issue of 36.99 lakh shares.
H.M. Electro Mech IPO bidding started from January 24, 2025 and ended on January 28, 2025. The allotment for H.M. Electro Mech IPO was finalized on Wednesday, January 29, 2025. The shares got listed on BSE SME on January 31, 2025.
H.M. Electro Mech IPO price band is set at ₹75 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,13,600. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,20,000. 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 of the H.M. Electro Mech IPO, while Cameo Corporate Services Limited is the registrar for the issue.The market maker for H.M. Electro Mech IPO is Spread X Securities Private Limited.
Refer to H.M. Electro Mech IPO RHP for detailed information.
H.m. Electro Mech Ltd Stock Quote & Charts
- Open: ₹61.65
- High – Low: ₹65.70 – ₹61.60
- Previous Close: ₹62.97
- Total Traded Value: 11,200.00
- 52 Weeks High: ₹60.25 (Jan 31, 2025)
- 52 Weeks Low: ₹76.95 (Feb 17, 2025)
- Updated On: Jan 31, 2025 4:00 PM
H.M. Electro Mech IPO Details
| IPO Date | January 24, 2025 to January 28, 2025 |
| Listing Date | January 31, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹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 shares Spread X Securities Private Limited |
H.M. Electro Mech IPO Reservation
H.M. Electro Mech IPO offers 36,99,200 shares. 7,02,400 (18.99%) to QIB, 5,28,000 (14.27%) to NII, 12,30,400 (33.26%) to RII and 10,52,800 (28.46%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| 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%) |
H.M. Electro Mech IPO Anchor Investors Details
H.M. Electro Mech IPO raises Rs 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 Timeline (Tentative Schedule)
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 January 28, 2025 |
H.M. Electro Mech IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
H.M. Electro Mech IPO Promoter Holding
| Share Holding Pre Issue | 97.47% |
| Share Holding Post Issue | 71.15% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About H.M. Electro Mech Limited
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.
Company Financials
H.M. Electro Mech Limited Financial Information (Restated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 85.99 | 72.15 | 64.08 | 44.34 |
| Revenue | 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 | ||||
Key Performance Indicator (KPI)
The market capitalization of H.M. Electro Mech IPO is Rs 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 Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (H.M. Electro Mech IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purposes
H.M. Electro Mech IPO Review (Apply)
[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…
H.M. Electro Mech IPO Subscription Status (Bidding Detail)
The H.M. Electro Mech IPO is subscribed 91.75 times on January 28, 2025 5:04:51 PM (Day 3). The public issue subscribed 95.55 times in the retail category, 16.01 times in the QIB category, and 183.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 16.01 | 7,02,400 | 1,12,48,000 | 0 |
| NII* | 183.65 | 5,28,000 | 9,69,64,800 | 497 |
| Retail | 95.55 | 12,30,400 | 11,75,63,200 | 10,644 |
| Total | 91.75 | 24,60,800 | 22,57,76,000 | 85,615 |
Total Application : 85,615
*Market Maker portion is not included to NII/HNI.
H.M. Electro Mech IPO Prospectus
H.M. Electro Mech IPO Listing Details
| Listing Date | January 31, 2025 |
| BSE Script Code | 544349 |
| NSE Symbol | |
| ISIN | INE0DZD01015 |
| Final Issue Price | ₹75 per share |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹81.00 |
| Low | ₹76.95 |
| High | ₹81.00 |
| Last Trade | ₹77.04 |
Check IPO Performance…
H.M. Electro Mech Limited 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/
H.M. Electro Mech IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
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