H.M. Electro Mech IPO Details
The H.M. Electro Mech IPO is a book build issue with a total issue size of ₹27.74 cr, comprising of fresh issue of 3699200 equity shares. H.M. Electro Mech IPO opened for subscription on Jan 24, 2025 and closed on Jan 28, 2025. H.M. Electro Mech IPO is set price band at ₹71 to ₹75 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹240,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 29, 2025, and listed on both the NSE and BSE on Jan 31, 2025.
Cameo Corporate Services Limited has been appointed as the registrar. Beeline Capital Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the H.M. Electro Mech IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 71 – 75
- Lot Size
- 1600
- Issue Size
- ₹27.74 Cr
- Minimum Investment
- ₹240000 (3200 Shares)
- Listing Date
- 31 January 2025
Current GMP
₹6 (+8.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About H.M. Electro Mech Limited
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.
H.M. Electro Mech IPO 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%
H.M. Electro Mech IPO Objective
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
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
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 with a total issue size of ₹27.74 crore. The H.M. Electro Mech IPO price band is ₹71 to 75 per share. The H.M. Electro Mech IPO subscription opens on Fri, Jan 24, 2025, and closes on Tue, Jan 28, 2025. The H.M. Electro Mech IPO will be listed on the BSE. Cameo Corporate Services Limited is the registrar for the H.M. Electro Mech IPO.
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 per share.
H.M. Electro Mech IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
The minimum investment for H.M. Electro Mech IPO is ₹240000, based on one lot of 1600 shares at the upper price band of ₹75 per share.
Investors can apply for the H.M. Electro Mech IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Jan 28, 2025. The application amount remains blocked until the H.M. Electro Mech IPO allotment is finalized.
H.M. Electro Mech IPO issue size is ₹27.74 crores.
H.M. Electro Mech IPO allotment date is Wed, Jul 1, 2026.
The registrar for H.M. Electro Mech IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check H.M. Electro Mech IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.