H.M. Electro Mech IPO
Open SmeCurrent GMP
₹6 (+8.00%)
Price Band
₹ 71 – 75
Lot Size
1600
Issue Size
₹27.74 Cr
Minimum Investment
₹240000 (3200 Shares)
Listing Date
31 January 2025
Subscription
86.99x
About the Company
H.M. Electro Mech Limited, established in 2003, is an infrastructure company specializing in turnkey projects. Its services include the supply, installation, testing, and commissioning of pumping machinery, along with comprehensive operation and maintenance solutions.
The company's core operations focus on electrification projects for Indian Railways, banks, and municipal corporations. It has also expanded into EPC (Engineering, Procurement, and Construction) projects, which involve cross-country pipeline installation and civil works for water supply projects. These projects encompass water treatment plants, pump houses, diesel generators, panel rooms, instrumentation systems, and PLC-SCADA integration. For the civil work components of EPC projects, H.M. Electro Mech collaborates with partner companies.
In addition to its services, the company offers a range of products, including pumps, pipes, transformers, and motors. Its clientele includes State and Central Governments, municipal corporations, the banking sector, and educational institutions.
Promoters
The promoters of the company are :
Dipak Padmakant Pandya
Mahendra Ramabhai Patel
Varsha Mahendra Patel
Mita Dipak Pandya
Promoters Holding
Holding Pre Issue
97.47%
Holding Post Issue
71.15%
Objects of the Issue
The proceeds from the Fresh Issue will be used for the following purposes:
- Meet Working Capital Requirements
- General Corporate Purposes
Address / Contact Info
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 24 January 2025
IPO Close Date
Tuesday, 28 January 2025
Basis of Allotment
Wednesday, 29 January 2025
Initiation of Refunds
Wednesday, 29 January 2025
Credit of Shares to Demat
Thursday, 30 January 2025
Listing Date
Friday, 31 January 2025 — NSE & BSE
Important Dates
Open Date
24 January 2025
Close Date
28 January 2025
Basis Of Allotment
29 January 2025
Listing Date
31 January 2025
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 25.42 | 22.27 | 14.08 | 8.07 |
| Total Borrowings | 7.33 | 12.25 | 6.4 | 0.18 |
EPS Pre
8.19%
EPS Post
4.87%
P/E Pre
9.16
P/E (Post Issue)
15.39x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024 |
|---|---|
| ROE % | 29.06 |
| ROCE % | 33.28 |
| Debt / Equity | 0.38 |
| RoNW % | 25.37 |
| PbW | 6.99 |
| Pat Margin % | 2.32 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1052800 | 0 | 0 |
| Market Maker | 185600 | 0 | 0 |
| Qualified Institutions | 702400 | 0 | 0 |
| Non-Institutional | 713600 | 0 | 0 |
| Retail Investors | 1230400 | 0 | 0 |
| Total | 3699200 | 0 | 0 |
Subscription Status ( Tue, 28 Jan 25 01:25 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 702400 | 12617600 | 17.96x |
| Non-Institutional | 713600 | 97332800 | 136.4x |
| Retail Investors | 1230400 | 120248000 | 97.73x |
| Total | 2646400 | 230198400 | 86.99x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 0.00 |
| Retail (Max) | 1 | 1,600 | 0.00 |
| S-HNI (Min) | 2 | 3,200 | 0.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
H.M. Electro Mech IPO is a Book-building IPO worth ₹27.74 crores. The price band is ₹71 to 75 per share. The IPO opens on Fri, Jan 24, 2025 and closes on Tue, Jan 28, 2025. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The H.M. Electro Mech IPO opens on Fri, Jan 24, 2025 and closes on Tue, Jan 28, 2025
H.M. Electro Mech IPO Price Band is ₹71 to 75.
H.M. Electro Mech IPO lot size is 1600, and the minimum amount required for application is ₹240000.
The minimum investment for H.M. Electro Mech IPO is approximately ₹240000 based on the upper price band.
To apply for the H.M. Electro Mech IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Jan 28, 2025. After submission, funds are blocked until the basis of allotment of H.M. Electro Mech IPO is finalised.
H.M. Electro Mech IPO issue size is ₹27.74 crores.
H.M. Electro Mech IPO allotment date is Sat, Jun 27, 2026.
The registrar for H.M. Electro Mech IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to H.M. Electro Mech IPO through their official website or helpline.
The H.M. Electro Mech IPO GMP (Grey Market Premium) is ₹6 as of Fri, Jan 31, 2025. Based on the upper price band of ₹75 per share, the estimated H.M. Electro Mech IPO listing price is ₹81, indicating a potential listing gain of approximately 31% over the issue price.