The H.M. Electro Mech and Infra Solutions IPO is set to open on January 24, 2025, and will close on January 28, 2025. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹27.74 crores. The offering includes a fresh issue of ₹27.74 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The IPO price band has been set between ₹71 and ₹75 per share. The allocation for retail investors is 35%, while Qualified Institutional Buyers (QIBs) will receive 50%, and High Net-Worth Individuals (HNIs) will be allotted 15%. The listing of H.M. Electro Mech IPO is scheduled for January 31, 2025, with the allotment date set for January 29, 2025.
In terms of financial performance, the company reported a revenue of ₹117.3 crores in 2024, up from ₹101.67 crores in 2023. The profit for 2024 stood at ₹8.19 crores, compared to ₹6.01 crores in the previous year. Based on these financials, investors are encouraged to consider applying for the IPO with a long-term investment perspective.
H.M. Electro Mech and Infra Solutions IPO Details
- IPO Opening Date: January 24, 2025
- IPO Closing Date: January 28, 2025
- Face Value: ₹10 per equity share
- Price Band: ₹71 to ₹75 per share
- Issue Size: Approximately ₹27.74 Crores
- Fresh Issue: Approximately ₹27.74 Crores
- Issue Type: Book Built Issue
- IPO Listing: BSE SME
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: [Click Here]
- RHP Draft Prospectus: [Click Here]
- Anchor Investors List: [Click Here]
H.M. Electro Mech IPO Market Lot Details
The minimum market lot for the H.M. Electro Mech IPO is 1,600 shares, with an application amount of ₹1,20,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,600 | ₹1,20,000 |
| Retail Maximum | 1 | 1,600 | ₹1,20,000 |
| S-HNI Minimum | 2 | 3,200 | ₹2,40,000 |
H.M. Electro Mech IPO Dates
The H.M. Electro Mech IPO will open on January 24, 2025, and close on January 28, 2025. The IPO allotment will be finalized on January 29, 2025, and the listing will take place on January 31, 2025.
- IPO Opening Date: January 24, 2025
- IPO Closing Date: January 28, 2025
- Basis of Allotment: January 29, 2025
- Refunds: January 30, 2025
- Credit to Demat Account: January 30, 2025
- IPO Listing Date: January 31, 2025
Promoters of H.M. Electro Mech IPO
The promoters of H.M. Electro Mech are:
- Dipak Padmakant Pandya
- Mahendra Ramabhai Patel
- Varsha Mahendra Patel
- Mita Dipak Pandya
About H.M. Electro Mech IPO
H.M. Electro Mech Limited, founded in 2003, is a growing company specializing in turnkey projects for the supply, installation, testing, and commissioning of pumping machinery. Initially focused on infrastructure projects related to water supply and wastewater pumping machinery, the company has expanded its scope over the years. It now works on electrification projects, partnering with Indian Railways, nationalized banks, and municipal corporations.
Currently, H.M. Electro Mech is also engaged in EPC projects, which include the construction of cross-country pipelines and civil work for water supply projects. The company supplies a range of products, including pumps, pipes, transformers, motors, and other electronic accessories.
With its strong management system and timely project execution, H.M. Electro Mech has quickly earned a reputation as a trusted business. Its major clients include state and central governments, municipal corporations, the banking sector, and educational institutions. The company currently employs 28 contract workers and 26 permanent employees.
H.M. Electro Mech IPO Company Financial Report
H.M. Electro Mech reported a revenue of ₹117.3 crores in 2024, compared to ₹101.67 crores in 2023. The company also reported a profit of ₹8.19 crores in 2024, up from ₹6.01 crores in 2023.
| Period Ended | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|---|
| 2022 | ₹62.03 | ₹58.49 | ₹2.58 | ₹44.34 |
| 2023 | ₹101.67 | ₹93.59 | ₹6.01 | ₹64.08 |
| 2024 | ₹117.3 | ₹106.33 | ₹8.19 | ₹72.15 |
| September 2024 | ₹45.43 | ₹40.90 | ₹3.34 | ₹85.99 |
H.M. Electro Mech IPO Valuation – FY2024
Here are the key financial metrics for H.M. Electro Mech IPO:
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 29.06% |
| Return on Capital Employed (ROCE) | 33.28% |
| EBITDA Margin | 10.73% |
| Profit After Tax (PAT) Margin | 6.99% |
| Debt to Equity Ratio | 0.38 |
| Earnings Per Share (EPS) | ₹8.19 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 25.37% |
| Net Asset Value (NAV) | ₹32.27 |
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| HEC Infra Projects Limited | – | 14.63 | 13.53% | ₹34.39 | ₹73.79 Crores |
Objects of the Issue
- To meet working capital requirements
- For general corporate purposes
H.M. Electro Mech IPO Review
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H.M. Electro Mech IPO Registrar
Cameo Corporate Services Limited
- Phone: +91-44-28460390
- Email: ipo@cameoindia.com
- Website: ipo.cameoindia.com
IPO Lead Managers (Merchant Bankers)
- Beeline Capital Advisors Pvt Ltd
Company Address
H.M. Electro Mech Limited
305, Ashram Avenue, B/H
Kochrab Ashram, Paldi
Ahmedabad – 380006
- Phone: +91-079 40092538
- Email: cs@hmelectromech.com
- Website: www.hmelectromech.com
H.M. Electro Mech IPO FAQs
What is H.M. Electro Mech IPO?
H.M. Electro Mech IPO is an SME IPO where the company aims to raise ₹27.74 Crores. The issue price is set between ₹71 and ₹75 per equity share, and the IPO will be listed on the BSE.
When will H.M. Electro Mech IPO open for subscription?
The IPO will open on January 24, 2025, for QIB, NII, and retail investors, and it will close on January 28, 2025.
What is the investor portion in H.M. Electro Mech IPO?
- QIB: 50%
- NII: 15%
- Retail: 35%
How to apply for the H.M. Electro Mech IPO?
You can apply for the H.M. Electro Mech IPO through ASBA online via your bank account. Alternatively, you can apply via UPI through your stockbroker or by filling out an offline form with your stockbroker.
What is the issue size of H.M. Electro Mech IPO?
The issue size of H.M. Electro Mech IPO is ₹27.74 crores.
What is the price band for H.M. Electro Mech IPO?
The price band for H.M. Electro Mech IPO is ₹71 to ₹75 per equity share.
What is the lot size for H.M. Electro Mech IPO?
The minimum bid size is 1600 shares, with an application amount of ₹1,20,000.
What is the H.M. Electro Mech IPO allotment date?
The allotment date for H.M. Electro Mech IPO is January 29, 2025.
What is the H.M. Electro Mech IPO listing date?
The listing date for H.M. Electro Mech IPO is January 31, 2025, and it will be listed on the BSE.
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