- Total Issue Size – 36,99,200 Equity Shares of ₹ 10 each
- Book Built Issue Size – 27.74Crores
- Price Band – ₹ 71 to ₹75 per Equity Share
- Lot Size – 1600Equity Shares
National 21 January 2025: H.M. ElectroMech Limited isspecializing in turnkey projects, including supply, installation, testing, and commissioning of pumping machinery and providing comprehensive operation and maintenance services. Initial Public Offering (IPO) is opening on January 24, 2025, aiming to raise up to ₹ Rs 27.74 crores to be listed on the BSE SME platform
The Issue size is 36,99,200Equity Shares with a price band of ₹ 71/- to ₹ 75/- per share and face value of ₹ 10 each.
Equity Share Allocation
- Anchor Bidding on: Thursday, January 23, 2025
- Issue Opens on: Friday, January 24, 2025
- Issue Closes on: 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 net proceeds of the IPO will be utilized to meet working Capital requirements, and for general corporate purposes.
Beeline Capital Advisors Pvt Ltd is the Book Running Lead Manager to the Issue, while Cameo Corporate Services Limited is the Registrar to the Issue.
About H.M. Electro Mech Limited:
H.M. Electro Mech Limited is engaged in the field of turnkey projects of supply, installation, testing and commissioning of pumping machineries along with comprehensive operation and maintenance. Initially the core Business of the Company was Infra projects related to water supply scheme involving Pumping Machineries and allied accessories for water and waste water. Over the years it has diversified in the field of electrification projects with Indian railways, Nationalized Banks and Municipal Corporations.
Recently it has started EPC (Engineering, Procurement and Construction) field projects which involves laying cross country pipe line and civil work related to water supply projects including construction of water treatment plant (WTP), Civil Work for Pump Houses, Diesel Generating Sets, Panel Room, Instrumentation, PLC-SCADA. The company is also engaged in sale of products which includes Pump, Pipes, Transformer, Motor and Other Electronic Accessories.
H.M.Electro Mech Limited is ISO 9001:2015 certified and Class ‘AA’ (highest category for EPC Contracts – unlimited bidding capacity subject to fulfilment of other tender conditions) with Irrigation division of Government of Gujarat. It is authorized by Government of Gujarat Energy and Petrochemicals Department to carry out Electrical Installation Works in the Gujarat State.
Financials
In FY24, The Company Achieved a Revenue of ₹ 11,703.45 Lakhs, EBITDA of ₹ 1,255.88 Lakhs & PAT of ₹ 818.61 Lakhs
As of Sept 2024, The Company Achieved a Revenue of ₹ 4539.59 Lakhs, EBITDA of ₹ 545.82 Lakhs & PAT of ₹ 333.89 Lakhs
