H.M. Electro Mech IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 24 Jan 2025
Close Date
Tue, 28 Jan 2025
Price Band
₹ 71 – 75
Lot Size
1600
Issue Size
₹ 27.74 Cr
Minimum Investment
₹ 240,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
H.M. Electro Mech IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹27.74 Crore, comprising a fresh issue of 36.99 Lakh equity shares aggregating to ₹27.74 Crore.
The H.M. Electro Mech IPO remained open for subscription from January 24, 2025, to January 28, 2025. The basis of allotment was finalized on January 29, 2025, and the company's shares were listed on BSE SME Platform on January 31, 2025.
The company had fixed the price band at ₹71 to ₹75 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹240,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Beeline Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, H.M. Electro Mech Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
H.M. Electro Mech IPO Timeline (Tentative)
- IPO Open Date
- Fri, 24 Jan 25
- IPO Close Date
- Tue, 28 Jan 25
- Basis of Allotment
- Wed, 29 Jan 25
- Initiation of Refunds
- Wed, 29 Jan 25
- Credit of Shares to Demat
- Thu, 30 Jan 25
- Listing Date
- Fri, 31 Jan 25 — NSE & BSE
Open Date
24 January 2025
Close Date
28 January 2025
Basis Of Allotment
29 January 2025
Listing Date
31 January 2025
IPO Subscription
Check Live Subscription →The H.M. Electro Mech IPO has received bids for 23,01,98,400 shares against 26,46,400 shares offered, resulting in an overall subscription of 86.99x. the NII category is subscribed 136.4x, Retail Investors 97.73x, and QIBs 17.96x.
QIB
17.96x
NII
136.4x
RII
97.73x
Total
86.99x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,30,400 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 7,02,400 shares (0%), while Non-Institutional Investors (NIIs) receive 7,13,600 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,052,800 | 0% |
| Market Maker | 185,600 | 0% |
| Qualified Institutions | 702,400 | 0% |
| Non-Institutional | 713,600 | 0% |
| Retail Investors | 1,230,400 | 0% |
| Total | 3,699,200 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
H.M. Electro Mech Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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
H.M. Electro Mech Limited Address / 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/
IPO Snapshot
H.M. Electro Mech IPO Lot Size
The H.M. Electro Mech IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹0 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹0.
| 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 |
Issue Reservation
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the H.M. Electro Mech 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.
When will the H.M. Electro Mech IPO open for subscription?
The H.M. Electro Mech IPO opens on Fri, Jan 24, 2025 and closes on Tue, Jan 28, 2025
What is H.M. Electro Mech IPO Price Band?
H.M. Electro Mech IPO Price Band is ₹71 to 75 per share.
What is H.M. Electro Mech IPO Lot Size?
H.M. Electro Mech IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
What is the minimum investment for H.M. Electro Mech IPO?
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.
How to apply for H.M. Electro Mech IPO?
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.
What is H.M. Electro Mech IPO Issue Size?
H.M. Electro Mech IPO issue size is ₹27.74 crores.
What is the H.M. Electro Mech IPO Allotment Date?
H.M. Electro Mech IPO allotment date is Wed, Jan 29, 2025.
Who is the H.M. Electro Mech IPO Registrar?
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.
What is the H.M. Electro Mech IPO GMP?
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 8.00% over the issue price.
Who is the H.M. Electro Mech IPO Lead Manager?
The book-running lead managers (BRLMs) for the H.M. Electro Mech IPO are Beeline Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the H.M. Electro Mech IPO Red Herring Prospectus (RHP).