H.M. Electro Mech and Infra Solutions IPO will open for subscription on January 24, 2025, and close on January 28, 2025. The company aims to raise approximately ₹27.74 crores through this IPO, which consists of a fresh issue of ₹27.74 crores. The price band for the IPO is set between ₹71 and ₹75 per share, and the issue is a Book Built Issue. The retail quota is 35%, QIB is 50%, and HNI is 15%. The allotment date is expected to be January 29, 2025, with a listing on BSE SME scheduled for January 31, 2025.
The company reported a revenue of ₹101.67 crores in 2023, up from ₹62.03 crores in 2022. Its profit also increased to ₹6.01 crores in 2023, compared to ₹2.58 crores in 2022. Investors should consider applying for the IPO with a long-term investment perspective. The issue involves a fresh issue of 36.99 lakh shares.
The minimum lot size for retail investors is 1600 shares, which amounts to ₹1,20,000. For HNI investors, the minimum lot size is 2 lots (3,200 shares), which amounts to ₹2,40,000.Â
Overview of Contents
H.M. Electro Mech IPO Overview
| Details | Information |
|---|---|
| IPO Open Date | January 24, 2025 |
| IPO Close Date | January 28, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹71 to ₹75 Per Share |
| Issue Size | Approx ₹27.74 Crores |
| Fresh Issue | Approx ₹27.74 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| Total Issue Size | 36,99,200 shares (aggregating up to ₹27.74 Cr) |
| Fresh Issue Size | 36,99,200 shares (aggregating up to ₹27.74 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,36,99,200 shares |
| Lot Size | 1,600 Shares |
| DRHP | Click here |
| RHP | Click here |
H.M. Electro Mech IPO Lot Size
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table outlines the minimum and maximum investment amounts for retail investors and HNIs.
| Investor Type | Lot(s) | Shares | Investment Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,600 | ₹1,20,000 |
| Retail (Maximum) | 1 | 1,600 | ₹1,20,000 |
| HNI (Minimum) | 2 | 3,200 | ₹2,40,000 |
H.M. Electro Mech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the Net Issue |
| Retail Investors | Not less than 35% of the Net Issue |
| Non-Institutional Investors (NII) | Not less than 15% of the Net Issue |
H.M. Electro Mech IPOÂ Promoter Holding
The promoters of H.M. Electro Mech are Dipak Padmakant Pandya, Mahendra Ramabhai Patel, Varsha Mahendra Patel, and Mita Dipak Pandya. Below is the table representing the pre- and post-issue shareholding structure.
| Shareholding | Percentage |
|---|---|
| Pre-Issue | 99.50% |
| Post-Issue | [TBD] |
About H.M. Electro Mech IPO
H.M. Electro Mech Limited, established in 2003, is an infrastructure company specializing in turnkey projects such as the supply, installation, testing, and commissioning of pumping machinery, along with operation and maintenance services. The company focuses on electrification projects with Indian Railways, banks, and municipal corporations, and has expanded into EPC projects, including cross-country pipelines and water supply infrastructure.
H.M. Electro Mech collaborates with partners for civil works and offers products like pumps, pipes, transformers, and motors. With a strong presence across multiple states, the company is known for its end-to-end solutions, competitive pricing, and experienced management team. As of May 2024, it employs 26 permanent staff and 28 contract workers.
Objects of the Issue
- To Meet Working Capital Requirements
- General Corporate Purposes
H.M. Electro Mech IPO Financial Information
The table above presents the financial performance of H.M. Electro Mech over the past few years. The company’s revenue has seen steady growth, from ₹47.2 crore in FY 2021 to ₹75.35 crore in December 2023.
Profit after tax has also increased significantly, reaching ₹5.28 crore in Q4 2023. Assets and net worth have grown over the years, reflecting the company’s expansion. However, total borrowings have fluctuated, rising sharply in FY 2023, indicating potential investment in expansion or projects.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | ₹63.93 Cr | ₹64.08 Cr | ₹44.34 Cr | ₹31.60 Cr |
| Revenue | ₹75.35 Cr | ₹101.67 Cr | ₹62.03 Cr | ₹47.20 Cr |
| Profit After Tax | ₹5.28 Cr | ₹6.01 Cr | ₹2.58 Cr | ₹2.02 Cr |
| Net Worth | ₹29.36 Cr | ₹24.08 Cr | ₹18.07 Cr | ₹15.49 Cr |
| Reserves and Surplus | ₹19.36 Cr | ₹14.08 Cr | ₹8.07 Cr | ₹5.49 Cr |
| Total Borrowing | ₹14.48 Cr | ₹6.40 Cr | ₹0.18 Cr | ₹1.52 Cr |
H.M. Electro Mech IPO Valuation – FY2023
| Key Financial Metrics | Values |
|---|---|
| Return on Equity (ROE) | 28.52% |
| Return on Capital Employed (ROCE) | 36.17% |
| EBITDA Margin | 8.78% |
| Profit After Tax (PAT) Margin | 5.92% |
| Debt to Equity Ratio | 0.27 |
| Earnings Per Share (EPS) | ₹6.01 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 24.96% |
| Net Asset Value (NAV) | ₹24.08 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| HEC Infra Projects Limited | – | 38.90 | 2.62% | 29.73 | 51.73 Cr. |
Objects of the Issue
- To Meet Working Capital Requirements
- General Corporate Purposes
H.M. Electro Mech IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email:Â ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
IPO Lead Managers aka 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:Â cs@hmelectromech.com
Website: https://www.hmelectromech.com/
H.M. Electro Mech IPO FAQs
What is the H.M. Electro Mech IPO open and close date?
The IPO opens on January 24, 2025, and closes on January 28, 2025.
What is the price band for the H.M. Electro Mech IPO?
The price band for the IPO is ₹71 to ₹75 per share.
What is the issue size of the IPO?
The IPO aims to raise approximately ₹27.74 crores.
What is the minimum lot size for the H.M. Electro Mech IPO?
The minimum lot size is 1,600 shares.
When will the H.M. Electro Mech IPO list on the stock exchange?
The IPO is expected to list on BSE SME on January 31, 2025.
What is the allotment date for the H.M. Electro Mech IPO?
The IPO allotment will be finalized on January 29, 2025.
How can investors apply for the H.M. Electro Mech IPO?
Investors can apply for the IPO through their Demat accounts with a minimum investment of ₹1,20,000 for retail investors.