H.M. Electro Mech Ltd. was established in 2003. The company specializes in turnkey projects for the supply, installation, testing, and commissioning of pumping machinery, including comprehensive operation and maintenance. Initially focused on water supply schemes, it has diversified into electrification projects for Indian Railways, nationalized banks, and municipal corporations
| Bidding Dates |
|---|
| 24 Jan 2025 - 28 Jan 2025 |
| Subscription |
|---|
| 86.99x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,13,600 | 1 | 1 | 1600 | 3.7 M | ₹71 - ₹75 | 71.15 % | ₹262.6 M - ₹277.4 M | RHP DOC |
H.M. Electro Mech IPO SUBSCRIPTION STATUS
28 Jan '25H.M. Electro Mech IPO overall subscription rate was 86.99 times the total available shares
H.M. Electro Mech IPO retail subscription rate was 129.82 times in the retail segment
H.M. Electro Mech IPO non-institutional investor subscription rate was 245.2 times in the non-institutional investor category
H.M. Electro Mech IPO Qualified Institutional Bidder subscription rate was 9.54 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
28 Jan 2025 (Day 3) | 129.82x | 245.2x | 9.54x |
27 Jan 2025 (Day 2) | 47.76x | 18.07x | 0.5x |
24 Jan 2025 (Day 1) | 18.38x | 5.9x | - |
H.M. Electro Mech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 33.4 | 454.0 | 22.6 | 14.6 | 12.0% |
| FY24 | 81.9 | 1,170.3 | 0.4 | -0.6 | 10.7% |
| FY23 | 60.1 | 1,014.9 | -41.4 | -41.9 | 8.8% |
| FY22 | 25.8 | 618.4 | 50.4 | 48.3 | 5.7% |
H.M. Electro Mech IPO SUBSCRIPTION STATUS DETAILS
H.M. Electro Mech had 3.7 M shares on offer
H.M. Electro Mech IPO offer price was in the range ₹71 - ₹75
H.M. Electro Mech IPO minimum Investment was ₹113600
H.M. Electro Mech IPO issue size was ₹ 262.6 M - ₹ 277.4 M
H.M. Electro Mech had a minimum lot size of 1600 Shares per application
H.M. Electro Mech NUMBER OF SHARES ON OFFER
H.M. Electro Mech IPO IMPORTANT DATES
| Issue Open Date | 24 Jan 2025 |
| Issue close Date | 28 Jan 2025 |
| Allotment Date | 29 Jan 2025 |
| Refund Date | 30 Jan 2025 |
| Demat Account Credit Date | 30 Jan 202 |
| Listing Date | 31 Jan 2025 |
| Listing on Exchange(s) | BSE |
| H.M. Electro Mech Allotment Status | Exchange |
H.M. Electro Mech IPO subscription opened on 24 Jan 2025, and closed on 28 Jan 2025
IPO allotment for H.M. Electro Mech was finalized on Wednesday, 29 Jan 2025
IPO listing for H.M. Electro Mech was on BSE on Friday, 31 Jan 2025
H.M. Electro Mech IPO LISTING GAINS
| Issue Price (adjusted) | 75.0 |
| Listing Open Price | 81.0 |
| Listing Close Price | 77.0 |
| Listing Gain% | 8.0% |
| Current Gain% | -26.5% |
H.M. Electro Mech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| H.M. Electro Mech Ltd. | 55.1 | 75.5 | 7.7 | 0.5 | 0.6 | 13 | 7.1 | 133 | 9 | 9.7 | 16.7 | 7.1 | 16.7 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
H.M. Electro Mech INFORMATION ON IPO ISSUE
About H.M. Electro Mech
H.M. Electro Mech Ltd. was established in 2003. The company specializes in turnkey projects for the supply, installation, testing, and commissioning of pumping machinery, including comprehensive operation and maintenance. Initially focused on water supply schemes, it has diversified into electrification projects for Indian Railways, nationalized banks, and municipal corporations
Object of the Issue
- To meet working capital requirements
- General corporate purposes
H.M. Electro Mech - PROMOTERS
| Name |
|---|
| Dipak Padmakant Pandya |
| Mahendra Ramabhai Patel |
| Varsha Mahendra Patel |
| Mita Dipak Pandya |
| Harshal Mahendra Patel |
H.M. Electro Mech Lead Manager of the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
H.M. Electro Mech Registrar to the issue
Cameo Corporate Services Limited
ipo@cameoindia.com
H.M. Electro Mech Strengths
Comprehensive solutions
The company’s single-window approach simplifies the project lifecycle, offering end-to-end solutions from conceptualization to maintenance. This reduces complexities and ensures a seamless experience for clients
Decision making
The company’s agile decision-making process enables swift project progression and prompt responsiveness to client needs, ensuring adaptability in a fast-paced business environment
Stability & continuity
A high retention ratio reflects employee satisfaction and commitment, fostering a stable work environment that minimizes disruptions and ensures consistent service delivery and strong client relationships
H.M. Electro Mech Risks
Capital intensive
The business is highly working capital intensive, requiring significant financing due to long implementation periods. Difficulty in securing additional funding on favorable terms could hinder growth and impact future profitability
Competition
Projects are awarded based on meeting pre-qualification criteria and competitive bidding. Failure to secure new projects could negatively impact the business and financial condition
Liability & contract risks
The business is exposed to liability claims and contract disputes, with indemnities that may not fully protect against potential costs. Excess liabilities could increase expenses and reduce profitability
IPO FAQs
The promoters of the company are Dipak Padmakant Pandya, Mahendra Ramabhai Patel, Varsha Mahendra Patel, Mita Dipak Pandya and Harshal Mahendra Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 71.0 - 75.0.
The IPO application opens on Jan 24, 2025 and closes on Jan 28, 2025.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 113,600.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jan 29, 2025.
The refund will be credited to your account on Jan 30, 2025.
The allotted shares will be credited to your demat on Jan 30, 202.
H.M. Electro Mech Ltd.’s shares listed on the stock exchanges on Jan 31, 2025.