H.M. Electro Mech IPO Overview

H.M. Electro Mech IPO is a book built issue of Rs 27.74 crores. The issue is entirely a fresh issue of 36.99 lakh shares.

H.M. Electro Mech IPO opens for subscription on January 24, 2025 and closes on January 28, 2025. The allotment for the H.M. Electro Mech IPO is expected to be finalized on Wednesday, January 29, 2025. H.M. Electro Mech IPO will list on BSE SME with tentative listing date fixed as Friday, January 31, 2025.

H.M. Electro Mech IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,20,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,40,000.

Beeline Capital Advisors Pvt Ltd is the book running lead manager of the H.M. Electro Mech IPO, while Cameo Corporate Services Limited is the registrar for the issue.The market maker for H.M. Electro Mech IPO is Spread X Securities Private Limited.

Refer to H.M. Electro Mech IPO RHP for detailed information.

H.M. Electro Mech IPO Important dates

H.M. Electro Mech IPO opens on January 24, 2025, and closes on January 28, 2025.

IPO Open Date Friday, January 24, 2025
IPO Close Date Tuesday, January 28, 2025
Basis of Allotment Wednesday, January 29, 2025
Initiation of Refunds Thursday, January 30, 2025
Credit of Shares to Demat Thursday, January 30, 2025
Listing Date Friday, January 31, 2025
Cut-off time for UPI mandate confirmation 5 PM on January 28, 2025

H.M. Electro Mech IPO Financial Performance

Period Ended 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
Reserves and Surplus 25.42 22.27 14.08 8.07
Total Borrowing 7.33 12.25 6.4 0.18
Amount in ₹ Crore

H.M. Electro Mech IPO Key Performance Indicator

The market capitalization of H.M. Electro Mech IPO is Rs 102.74 Cr.

KPI as of Sun, Mar 31, 2024.

KPI Values
ROE 29.06%
ROCE 33.28%
Debt/Equity 0.38
RoNW 25.37%
PAT Margin 6.99
Price to Book Value 2.32
Pre IPO Post IPO
EPS (Rs) 8.19 4.87
P/E (x) 9.16 15.39

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

H.M. Electro Mech IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet Working Capital Requirements
  2. General Corporate Purposes

H.M. Electro Mech IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below 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 1600 ₹1,20,000
Retail (Max) 1 1600 ₹1,20,000
HNI (Min) 2 3,200 ₹2,40,000
Lot Size Calculator

H.M. Electro Mech IPO Details

IPO Date January 24, 2025 to January 28, 2025
Listing Date [.]
Face Value ₹10 per share
Price Band ₹71 to ₹75 per share
Lot Size 1,600 Shares
Total Issue Size 36,99,200 shares
(aggregating up to ₹27.74 Cr)
Fresh Issue 36,99,200 shares
(aggregating up to ₹ 27.74 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share Holding Pre Issue 1,00,00,000 shares
Share Holding Post Issue 1,36,99,200 shares
Market Maker Portion 1,85,600 shares
Spread X Securities Private Limited

H.M. Electro Mech IPO Company Overview and Services

Incorporated in 2003, H.M. Electro Mech Limited is an infrastructure firm specialising in turnkey projects, including supply, installation, testing, and commissioning of pumping machinery and providing comprehensive operation and maintenance services.

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

H.M. Electro-Mech has collaborated with other companies for the civil work portion of these EPC projects. Additionally, the company sell products such as 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 nationwide, 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.

Competitive Strength

  • Provides end-to-end solutions for projects, starting from conceptualization to maintenance
  • Robust relationships with leading manufacturers and OEMs, facilitating competitive pricing and expedited delivery
  • Prompt decision-making process ensures swift project progression and responsiveness to client needs.
  • Experienced Management Team
  • The team swiftly mobilizes resources for emergencies.

H.M. Electro Mech IPO SWOT Analysis

Strengths:

  • Strong financial performance: The company has demonstrated consistent revenue and profit growth in recent years.
  • Experienced management team: The promoters and management team have a strong track record in the industry.
  • Diversified product portfolio: The company offers a wide range of products and services, reducing reliance on any single segment.
  • Robust order book: A healthy order book provides visibility into future revenue streams.

Weaknesses:

  • Limited operating history: The company has a relatively short operating history, which may raise concerns among investors.
  • Dependence on a few key customers: The company’s revenue is concentrated among a few large customers, which could pose risks.
  • Exposure to raw material price fluctuations: The company’s profitability may be impacted by fluctuations in raw material prices.

Opportunities:

  • Expanding market presence: The company can expand its operations into new geographies and target new customer segments.
  • Developing new products and services: The company can leverage its expertise to develop innovative products and services.
  • Consolidation opportunities: The company may explore inorganic growth opportunities through acquisitions or mergers.

Threats:

  • Competition: The company faces competition from established players in the industry.
  • Economic slowdown: A slowdown in the economy could impact demand for the company’s products and services.
  • Regulatory changes: Changes in government regulations could adversely impact the company’s operations.

Overall, H.M. Electro Mech appears to be a promising company with a strong financial track record and a diversified product portfolio. However, investors should carefully consider the company’s limited operating history and dependence on a few key customers before making an investment decision.

H.M. Electro Mech IPO GMP Details

H.M. Electro Mech SME IPO last GMP is ₹20, last updated Jan 24th 2025 10:27 AM. With the price band of 75.00, H.M. Electro Mech SME IPO’s estimated listing price is ₹95 (cap price + today’s GMP).The expected percentage gain/loss per share is 26.67%.>> H.M. Electro Mech SME IPO Retail Subject to Sauda: ₹24300

We update GMP on a daily basis and based on last 4 sessions grey market activities, today IPO GMP trending upward and expects a strong listing. The lowest GMP is ₹15, while the highest GMP is ₹25. Stay with us to know the daily price trend of H.M. Electro Mech SME IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
24-01-2025 Open 75.00 ₹20  24300 ₹95 (26.67%) 24-Jan-2025
23-01-2025 75.00 ₹25  30400 ₹100 (33.33%) 23-Jan-2025
22-01-2025 75.00 ₹25   30400 ₹100 (33.33%) 22-Jan-2025
21-01-2025 75.00 ₹15  18200 ₹90 (20%) 21-Jan-2025

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

H.M. Electro Mech IPO Subscription Status 

H.M. Electro Mech IPO subscribed 4.03 times. The public issue subscribed 7.16 times in the retail category, 0 times in QIB, and 2.12 times in the NII category by January 24, 2025 12:59:13 PM (Day 1).

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)* Total Application
Anchor Investors 1 10,52,800 10,52,800 7.896 –
Qualified Institutions 0 7,02,400 0 0 0
Non-Institutional Buyers*** 2.12 5,28,000 11,18,400 8.388 252
Retail Investors 7.16 12,30,400 88,04,800 66.036 5,507
Total ** 4.03 24,60,800 99,23,200 74.424 7,669

H.M. Electro Mech IPO (Day-wise) Subscription Details (times)

Date QIB NII* Retail Total
Day 1
Jan 24, 2025		 0 2.12 7.16 4.03

H.M. Electro Mech IPO Allotment status

H.M. Electro Mech IPO allotment is expected on Wednesday, January 29, 2025.

H.M. Electro Mech IPO allotment status is not available at this time. H.M. Electro Mech IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for H.M. Electro Mech Limited IPO allotment status.

H.M. Electro Mech IPO 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/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

Want to Raise money for your company through SME IPO? Read More