Unleash the Future: H.M. Electro Mech Limited IPO Launches Jan 24, 2025

H.M. Electro Mech Limited IPO Opens on 24th January, 2025

H.M. Electro Mech Limited, a company specializing in turnkey projects in the pumping machinery sector, is set to launch its Initial Public Offering (IPO) on January 24, 2025. The IPO aims to raise up to ₹27.74 crores and list on the BSE SME platform.

Highlights

• Total Issue Size: 36,99,200 Equity Shares of ₹10 each
• Book Built Issue Size: ₹27.74 Crores
• Price Band: ₹71 to ₹75 per Equity Share
• Lot Size: 1600 Equity Shares

  The IPO comprises 36,99,200 Equity Shares with a price range of ₹71 to ₹75 per share and a face value of ₹10 each.

  Equity Share Allocation
  

• Anchor Bidding: Thursday, January 23, 2025
• Issue Opens: Friday, January 24, 2025
• Issue Closes: Tuesday, January 28, 2025
• Tentative Listing Date: Friday, January 31, 2025
• QIB Anchor Portion: Not more than 10,52,800 Equity Shares
• Qualified Institutional Buyer: Not more than 7,02,400 Equity Shares
• Non-Institutional Investors: Not Less than 5,28,000 Equity Shares
• Retail Individual Investors: Not Less than 12,30,400 Equity Shares
• Market Maker: 1,85,600 Equity Shares

  The proceeds from the IPO will be utilized to meet working capital requirements and for general corporate purposes.

  About H.M. Electro Mech Limited

  H.M. Electro Mech Limited is engaged in turnkey projects involving pumping machinery and comprehensive operation and maintenance services. Initially focusing on water supply schemes, the company has diversified into electrification projects with various sectors.

  Recently, the company has ventured into EPC field projects, including laying cross-country pipelines and civil work for water supply projects. It is also involved in the sale of products such as pumps, pipes, transformers, motors, and other electronic accessories.

  H.M. Electro Mech Limited holds ISO 9001:2015 certification and is Class ‘AA’ with the Irrigation division of the Government of Gujarat. It is authorized by the Government of Gujarat Energy and Petrochemicals Department to carry out Electrical Installation Works in the state.

  Financials

• FY24: Revenue – ₹11,703.45 Lakhs, EBITDA – ₹1,255.88 Lakhs, PAT – ₹818.61 Lakhs
• Sept 2024: Revenue – ₹4539.59 Lakhs, EBITDA – ₹545.82 Lakhs, PAT – ₹333.89 Lakhs

  Conclusion

  In conclusion, the H.M. Electro Mech Limited IPO presents an opportunity for investors to participate in a company with a strong track record in the pumping machinery sector. With a focus on growth and diversification, the company is poised for future success in the infrastructure and electrification segments.

  Frequently Asked Questions
  

  1. What is the total issue size of H.M. Electro Mech Limited’s IPO?
     • The total issue size is 36,99,200 Equity Shares.
  2. When does the IPO open for Anchor Bidding?
     • The IPO opens for Anchor Bidding on Thursday, January 23, 2025.
  3. Who is the Book Running Lead Manager to the Issue?
     • Beeline Capital Advisors Pvt Ltd is the Book Running Lead Manager to the Issue.
  4. What is the price band for the Equity Shares in the IPO?
     • The price band is ₹71 to ₹75 per Equity Share.
  5. When is the tentative listing date for the IPO?
     • The tentative listing date is Friday, January 31, 2025.
  6. How will the proceeds from the IPO be utilized?
     • The proceeds will be used for working capital requirements and general corporate purposes.
  7. Which sectors has H.M. Electro Mech Limited diversified into?
     • The company has diversified into electrification projects with various sectors.
  8. What certifications does H.M. Electro Mech Limited hold?
     • The company is ISO 9001:2015 certified and Class ‘AA’ with the Irrigation division of the Government of Gujarat.
  9. What are the financials of H.M. Electro Mech Limited for FY24?
     • In FY24, the company achieved a revenue of ₹11,703.45 Lakhs, EBITDA of ₹1,255.88 Lakhs, and PAT of ₹818.61 Lakhs.
  10. How does H.M. Electro Mech Limited contribute to the water supply projects?
      • The company is involved in laying cross-country pipelines and civil work for water supply projects.

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