H.M. Electro Mech SME: Check IPO Date, Live Subscription and Key Details
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.
Price Range
₹71.0 - ₹75.0
Issue Size
₹27.74 Cr
Lot Size
1,600 shares
IPO Type
BSE SME
GMP
₹6(+8.00%)
Est. Listing Price
₹81
Estimate Profit
₹19,200
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
4.87
P/E Ratio
15.39
RoNW
25.37%
ROE
29.06%
Debt to Equity
0.38
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Timeline
IPO Opens
24 Jan
IPO Closes
28 Jan
Allotment
29 Jan
Listing
31 Jan
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 24 January 2025 | Subscription starts |
| IPO Close Date | 28 January 2025 | Subscription ends |
| Allotment Date | 29 January 2025 | Allotment |
| Listing Date | 31 January 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,40,000 |
SHNI (Min) | 3 | ₹3,60,000 |
SHNI (Max) | 8 | ₹9,60,000 |
BHNIAbove ₹10,00,000 | 9 | ₹10,80,000 |
IPO Objectives
- To Meet Working Capital Requirements.
- General corporate purposes.
Strengths
- Skilled in handling turnkey projects, including supply, installation, and commissioning.
- Strong connections with top manufacturers and OEMs ensure good prices and on-time delivery.
- Operates across the country, serving both government and private clients.
- Experienced management ensures smooth operations and quick decisions.
- Handles projects from start to finish, including planning, setup, and maintenance.
Weaknesses
- Dependence on government contracts makes the company vulnerable to policy and regulatory changes.
- Heavy reliance on third-party partners for civil works in EPC projects.
- A limited workforce may impact the ability to scale up for multiple large projects at once.
- Operations are mainly focused on a few states in India.
- Faces competition from larger infrastructure companies with broader portfolios.
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Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 85.99 | 72.15 | 64.08 | 44.34 |
| Revenue (₹ Cr.) | 45.43 | 117.3 | 101.67 | 62.03 |
| PAT (₹ Cr.) | 3.34 | 8.19 | 6.01 | 2.58 |
| Net Worth (₹ Cr.) | 35.42 | 32.27 | 24.08 | 18.07 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| H.M. Electro Mech | 2.34 | 15.39 | 25.37% | 35.42 |
| Hec Infra Projects | 2 | 14.63 | 13.53% | 34.86 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0.95x | 16.01x |
| NII | 4.44x | 13.24x | 183.4x |
| RII | 13.84x | 35.96x | 93.18x |
| Total | 7.87x | 21.09x | 90.51x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 7,02,400 | 1,12,48,000 | 84.36 |
| NII | 5,28,000 | 9,68,35,200 | 726.26 |
| RII | 12,30,400 | 11,46,43,200 | 859.82 |
| Total | 24,60,800 | 22,27,26,400 | 1,670.45 |
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Company Details
- H.M. Electro Mech Limited
- 305, Ashram Avenue, B/H Kochrab Ashram, Paldi Ahmedabad- 380006
- +91 079 40092538
- cs@hmelectromech.com
- https://www.hmelectromech.com/
Registrar Details
- Cameo Corporate Services Limited
- +91-44-28460390
- ipo@cameoindia.com
- https://ipo.cameoindia.com/
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