Energy-Mission Machineries (India) Limited IPO
NSE SMEListed On: May 16, 2024 at ₹ 366.0
₹ 276000 /2000 Shares
*Min Investment
09 May, 2024
Open Date13 May, 2024
Close Date14 May, 2024
Allotment Date16 May, 2024
Listing DateEnergy-Mission Machineries (India) Limited IPO Issue Details
- Issue Price ₹131-138 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 29,82,000 shares(aggregating up to ₹41.15 crore)
- Fresh Share 29,82,000 shares(aggregating up to ₹41.15 crore)
- Listing at NSE SME
- List Price 366.0
- Listing Date 2024-05-16
- Lead Manager Hem Securities Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,38,000 |
| Retail(max) | 1 | 1000 | ₹1,38,000 |
| NII (min) | 2 | 2,000 | ₹2,76,000 |
Energy-Mission Machineries (India) Limited IPO Reservation
Energy-Mission Machineries (India) Limited IPO offers total 2,982,000 shares. Out of which 566,000 (18.98%) allocated to QIB, 425,000 (14.25%) allocated to NII,992,000 (33.27%) allocated to RII, NA (NA%) allocated to employees and 849,000 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 849,000 (28.47%) | |
| Market Maker Shares Offered | 150,000 (5.03%) | |
| QIB Shares Offered | 566,000 (18.98%) | |
| NII (HNI) Shares Offered | 425,000 (14.25%) | |
| Retail Shares Offered | 992,000 (33.27%) | |
| Total Shares Offered | 2,982,000 (100%) |
Energy-Mission Machineries (India) Limited IPO Details
Energy-Mission Machineries (India) Limited IPO is an SME IPO, priced at ₹131-138 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 29,82,000 equity shares, aggregating up to ₹41.15 crores..
The IPO bidding window is open from May 9, 2024 to May 13, 2024. The allotment is expected to be finalized on May 14, 2024, and the tentative listing date is May 16, 2024.
The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,38,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,76,000.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Hem Finlease Private Limited will act as the market maker for this issue.
Energy-Mission Machineries (India) Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 566,000 / 425,000 | 992,000 | 1,983,000 |
Day 1 09-05-24 06:00 PM | 2.51 / 4.90 x | 10.79 x | 7.17 x |
Day 2 10-05-24 06:00 PM | 2.62 / 15.96 x | 35.28 x | 21.82 x |
Day 3 13-05-24 06:00 PM | 161.92 / 605.33 x | 287.89 x | 319.97 x |
Energy-Mission Machineries (India) Limited Valuations
Energy-Mission Machineries (India) Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 8,258.65 | 7,382.45 | 6,575.72 |
| Revenue | 10,066.12 | 7,906.57 | 4,834.07 |
| Profit After Tax | 790.01 | 336.17 | 95.33 |
| Net Worth | 2,353.02 | 1,563.01 | 1,226.84 |
| Reserves & Surplus | 2,074.87 | 1,284.86 | 948.69 |
| Total Borrowing | 2,187.82 | 2,457.23 | 2,228.59 |
About Energy-Mission Machineries (India) Limited Company
The company, incorporated in 2011, Energy-Mission Machineries (India) Limited designs and manufactures various metal forming machines used for industrial metal fabrication. Precise utilization of the company's machines is established across a wide range of industries, including automobiles, steel, furniture, HVAC, agriculture, construction, elevators, food processing, etc. These products consist of press brakes, shearing, plate rolling, ironworkers, hydraulic presses, and busbar bending, cutting, punching machines, among others.
The company exports its products to the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE and Saudi Arabia.
Between April 2023 to August 2023, the company has sold over 1,487 metal forming machines to more than 1,050 customers. These include over 600 variations of such products over the last three fiscal years and five months.
The manufacturing unit of the company is located in Sanand, Ahmedabad, over 18,234 sq. mtrs. Till date, on August 31, 2023, the manufacturing facility is ISO 9001:2015 certified.
The company has the capacity to manufacture 900 machines every year.
The company is selling its products in 20 states and 2 Union Territories of India. It has garnered maximum revenue from Maharashtra, Gujarat, and Karnataka.
On 31 October, 2023, the company had 253 permanent employees at a consolidated level. Employees were also contracted from the company.
Energy-Mission Machineries (India) Limited - Promoter(s)
Satishkumar Kanjibhai Parmar, Dineshkumar Shankarlal Chaudhary, Sanjay Shantukumar Khankar, Ashokkumar Ramjibhai Panchal and Snehal Narendra Mehta
Pre Issue Share Holding : %
Post Issue Share Holding : %
Energy-Mission Machineries (India) Limited IPO - Issue Objectives
Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat
Funding of capital expenditure towards installation of new plant & machineries
To meet working capital requirements
General Corporate Purpose
Energy-Mission Machineries (India) Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Energy-Mission Machineries (India) Limited | 9.47 | 9.47 | N/A | N/A | 33.57 | N/A | Standalone |
| Macpower Cnc Machines Limited | 12.89 | 12.89 | N/A | 89.06 | 13.34 | N/A | Standalone |
| Jyoti CNC Automation Limited | 1.02 | 1.02 | N/A | 779.56 | 18.35 | N/A | Standalone |
Notes:
- The company has taken the current market price as the issue price of equity shares.
- The P/E Ratio is based on the current market price of the respective scrips.
- The EPS, NAV, RoNW, and total Income of our Company are taken as per the Restated Financial Statement for the FY 2022-23.
- NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as of March 31, 2023.
- RoNW has been computed as net profit after tax divided by closing net worth.
- Net worth has been computed in the manner specified in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
Contact Details
Energy-Mission Machineries (India) Limited
7E-9/3 & E-12 Sanand-II Industrial Area, Bol GIDC Sanand, Bol, Ahmedabad– 382 170
+91-7984768296
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Energy-Mission Machineries (India) Limited IPO - FAQs
Ans. Energy-Mission Machineries (India) Limited IPO is a SME IPO. The issue is priced at ₹131-138 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on May 9, 2024, and closes on May 13, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Energy-Mission Machineries (India) Limited IPO opens on May 9, 2024 and closes on May 13, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Energy-Mission Machineries (India) Limited IPO is 2,982,000 shares(aggregating up to ₹41.15 Cr).
Ans. The Energy-Mission Machineries (India) Limited IPO price band is set between ₹131-138 per equity share.
Ans. To apply for Energy-Mission Machineries (India) Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Energy-Mission Machineries (India) Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Energy-Mission Machineries (India) Limited IPO is May 14, 2024.
Ans. The Energy-Mission Machineries (India) Limited IPO will be listed on May 16, 2024.
Ans. Follow the steps to check the Energy-Mission Machineries (India) Limited IPO allotment status online.
