H.M. Electro Mech Limited
Bookbuilding IPO · BSE
- Price band
- ₹71 - ₹75
- Lot size
- 1,600 shares
- Issue amount
- ₹27.74 cr
- Total subscription
- 93.55×
- Opens
- 24 Jan 2025
- Closes
- 28 Jan 2025
- Allotment
- 29 Jan 2025
- Listing
- 31 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 36,99,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,13,600
- Fresh issue
- ₹27.74 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,00,00,000
- Shares after issue
- 1,36,99,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,20,000 |
| HNI | 2 | 3,200 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.27 | 0 |
| RETAIL | 9.23 | 16.45 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 3.34 | 8.19 | 6.01 |
| ROE | 9.87 | 29.06 | 28.52 |
| ROCE | 12.41 | 33.28 | 36.17 |
| RONW | 9.43 | 25.37 | 24.96 |
| PRE IPO(PE) | 0 | 9.16 | 0 |
| POST IPO(PE) | 15.39 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
H.M. Electro Mech Limited, founded in 2003, is a nationwide infrastructure company that handles complete projects, from supplying and installing pumping equipment to testing and maintaining them. The company mainly works on electrification projects for Indian Railways, banks, and local governments, and has expanded into EPC (Engineering, Procurement, and Construction) projects. These include laying pipelines and building facilities for water supply, such as water treatment plants, pump houses, and power systems. H.M. Electro Mech also partners with other companies for the civil parts of these projects and sells products like pumps, pipes, transformers, and motors. With a strong client base that includes government bodies, banks, and educational institutions, the company operates in several states like Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Punjab, and Chandigarh. As of May 31, 2024, the company employed 26 permanent staff and 28 contract workers.
Strengths
- Complete Project Support: and we handle everything from planning to maintenance, ensuring smooth and hassle-free project execution.
- Strong Partnerships with Manufacturers: and our close ties with leading manufacturers help us offer competitive pricing and fast delivery.
- Quick and Flexible Decisions: and our streamlined processes enable faster responses and seamless adjustments based on project needs.
Risk factors
- Legal Issues: and ongoing cases involving the company, its promoters, and directors could affect operations and finances if outcomes are unfavorable.
- Uncertainty in Project Earnings: and revenue from ongoing projects may fall short of expectations, impacting income and overall business performance.
- High Need for Working Capital: and the long timelines of projects require substantial funding; if adequate financial support isn’t secured on favorable terms, growth and profitability may be affected.
Promoters
Dipak Padmakant Pandya
Mahendra Ramabhai Patel
Varsha Mahendra Patel
Mita Dipak Pandya
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
305, Ashram Avenue, B/H Kochrab Ashram, Paldi Ahmedabad- 380006
+91 079 40092538
[email protected]Company website ↗Understanding HMEML IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.