IPO

H.M. Electro Mech Limited IPO

BSE SME

Listed On: Jan 31, 2025 at ₹ 81.0

₹ 240000 /3200 Shares
*Min Investment

Check Allotment

24 Jan, 2025

Open Date

28 Jan, 2025

Close Date

29 Jan, 2025

Allotment Date

31 Jan, 2025

Listing Date
H.M. Electro Mech IPO Issue Details
  • Issue Price ₹71-75 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 36,99,200 shares(aggregating up to ₹27.74 crore)
  • Fresh Share 36,99,200 shares(aggregating up to ₹27.74 crore)
  • Listing at BSE SME
  • List Price 81.0
  • Listing Date 2025-01-31
  • Lead Manager Beeline Capital Advisors Pvt Ltd
  • Registrar Cameo Corporate Services Limited
Market Lot Size

Investors can bid for a minimum of 1600 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.

ApplicationLotsSharesAmount
Retail (min)11600₹1,20,000
Retail(max)11600₹1,20,000
NII (min) 23,200₹2,40,000
H.M. Electro Mech IPO Reservation

H.M. Electro Mech IPO offers total 36,99,200 shares. Out of which 7,02,400 (18.99%) allocated to QIB, 5,28,000 (14.27%) allocated to NII,12,30,400 (33.26%) allocated to RII, NA (NA%) allocated to employees and 10,52,800 (28.46%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered10,52,800 (28.46%)
Market Maker Shares Offered1,85,600 (5.02%)
QIB Shares Offered7,02,400 (18.99%)
NII (HNI) Shares Offered5,28,000 (14.27%)
Retail Shares Offered12,30,400 (33.26%)
Total Shares Offered36,99,200 (100%)
H.M. Electro Mech IPO Documents
DRHP
RHP
H.M. Electro Mech IPO Details


H.M. Electro Mech Limited IPO is an SME IPO, priced at ₹71-75 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 36,99,200 equity shares, aggregating up to ₹27.74 crores..

The IPO bidding window is open from Jan 24, 2025 to Jan 28, 2025. The allotment is expected to be finalized on Jan 29, 2025, and the tentative listing date is Jan 31, 2025.

The minimum lot size for retail investors is 1600 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.

Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Spread X Securities Private Limited will act as the market maker for this issue.

Read More
H.M. Electro Mech IPO Subscription Analysis And Details
Retail
95.55x
Total
91.75x
As onQIB / NIIRetailTotal
Shares Offered / Reserved7,02,400 / 5,28,00012,30,40024,60,800
Day 1 24-01-25 06:00 PM
0.00 / 4.44 x13.84 x7.87 x
Day 2 27-01-25 06:00 PM
0.95 / 13.24 x35.96 x21.09 x
Day 3 28-01-25 06:00 PM
16.01 / 183.65 x95.55 x91.75 x
Total No of Applications
85,615
H.M. Electro Mech Valuations
EPS Pre IPO ₹8.19/-
EPS Post IPO ₹4.87/-
P/E Pre IPO 9.16
P/E Post IPO 15.39
ROE 29.06%
ROCE 33.28%
Debt/Equity 0.38
RoNW 25.37%
PAT Margin 6.99
Price to Book Value 2.32
H.M. Electro Mech Company Financials
In Crs.
In Cr.
31-Mar-2431-Mar-2331-Mar-22
Assets72.1564.0844.34
Revenue117.3101.6762.03
Profit After Tax8.196.012.58
Net Worth32.2724.0818.07
Reserves & Surplus22.2714.088.07
Total Borrowing12.256.400.18
About H.M. Electro Mech Company

H.M. Electro Mech Limited that was incorporated in the year 2003 is an infrastructure firm in turnkey projects, like supply, installation, testing, and commissioning of pumping machinery, and providing comprehensive operation and maintenance services.

The core business of the company includes electrification projects with Indian Railways, banks, and municipal corporations. It has also initiated EPC projects, which include laying cross-country pipelines and civil work for water supply projects like water treatment plants, pump houses, diesel generators, panel rooms, instrumentation, and PLC-SCADA.

H.M. Electro-Mech has also joined hands with other companies for the civil work part of these EPC projects. Besides, the company sells products like pumps, pipes, transformers, and motors.

The company's clients include State Governments, Central Governments, Municipal corporations, the banking sector and educational institutes.

The company operates throughout the country, handling projects in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Punjab, and Chandigarh.

As of September 30, 2024, the Company had 37 permanent employees and 107 on contracts.

Read More
H.M. Electro Mech - Promoter(s)

Dipak Padmakant Pandya

Mahendra Ramabhai Patel

Varsha Mahendra Patel

Mita Dipak Pandya

Pre Issue Share Holding : 97.47%

Post Issue Share Holding : 71.15%

H.M. Electro Mech IPO - Issue Objectives
1

To Meet Working Capital Requirements.

2

General Corporate Purposes

H.M. Electro Mech IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
H.M. Electro Mech LimitedN/A8.1932.27N/A25.372.34Standalone
Hec Infra Projects LimitedN/A4.6534.3914.6313.532Standalone

Notes:

  1. P/E Ratio has been computed based on the closing market price of equity shares on the NSE on March 28, 2024 divided by the Diluted EPS.
  2. RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been calculated as sum of share capital and reserves, and surplus.
  3. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares adjusted for bonus and sub-division of shares.
  4. The face value of Equity Shares of the Company is ₹10 per Equity Share.
Contact Details

H.M. Electro Mech

305, Ashram Avenue, B/H, Kochrab Ashram, Paldi, Ahmedabad- 380006

+91 079 40092538

cs@hmelectromech.com

https://www.hmelectromech.com/

Registrar Contact Details

Cameo Corporate Services Limited

+91-44-28460390

ipo@cameoindia.com

https://ipo.cameoindia.com/