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H.M. Electro Mech IPO - Day 3 Subscription at 27.15 Times
Last Updated: 28th January 2025 - 01:00 pm
H.M. Electro Mech's initial public offering (IPO) has demonstrated remarkable investor interest throughout its three-day subscription period. Starting with a strong opening of 7.87 times on day one, H.M. Electro Mech IPO gained significant momentum to reach 21.09 times on day two, and ultimately achieved an impressive 27.15 times subscription by 10:54:51 AM on the final day.
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The retail segment has emerged as the leading force behind this strong performance, with retail investors showing exceptional enthusiasm by subscribing 45.83 times their allocated portion. The Non-Institutional Investors have also displayed substantial confidence with 18.46 times subscription, while the Qualified Institutional Buyers segment has maintained a steady presence at 0.95 times.
Subscription Status of H.M. Electro Mech IPO:
Date | QIB | NII | Retail | Total |
Day 1 (Jan 24) | 0.00 | 4.44 | 13.84 | 7.87 |
Day 2 (Jan 27) | 0.95 | 13.24 | 35.96 | 21.09 |
Day 3 (Jan 28)* | 0.95 | 18.46 | 45.83 | 27.15 |
*As of 10:54:51 AM
Here are the subscription details for H.M. Electro Mech IPO as of Day 3 (28th January 2025, 10:54:51 AM):
Investor Category | Subscription (times) | Shares Offered | Shares Bid For | Total Amount (Rs Cr.) |
Anchor Investors | 1.00 | 10,52,800 | 10,52,800 | 7.90 |
Market Maker | 1.00 | 1,85,600 | 1,85,600 | 1.39 |
Qualified Institutions | 0.95 | 7,02,400 | 6,67,200 | 5.00 |
Non-Institutional Buyers | 18.46 | 5,28,000 | 97,48,800 | 73.12 |
Retail Investors | 45.83 | 12,30,400 | 5,63,93,600 | 422.95 |
Total | 27.15 | 24,60,800 | 6,68,09,600 | 501.07 |
Note:
- "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
- The Market Maker portion is not included in the NII category.
Key Highlights - Day 3:
- H.M. Electro Mech IPO overall subscription reached an impressive 27.15 times on the final day
- Retail investors demonstrated exceptional interest with 45.83 times subscription
- Non-Institutional Investors showed strong confidence at 18.46 times
- QIB portion maintained steady at 0.95 times
- Total bids worth ₹501.07 crores received
- Applications reached 42,086 showing substantial retail participation
- Final day demonstrating robust momentum
- Strong oversubscription in retail and NII segments
- Market response indicating significant investor confidence
H.M. Electro Mech IPO - Day 2 Subscription at 21.09 Times
Key Highlights - Day 2:
- Overall subscription grew significantly to 21.09 times
- Retail investors showed strong momentum reaching 35.96 times
- Non-institutional investors improved to 13.24 times
- QIB portion reached 0.95 times
- Day two maintaining strong growth trajectory
- Market response indicating building confidence
- Subscription trend showing consistent progress
- All segments demonstrating healthy participation
- Strong retail and NII momentum continuing
H.M. Electro Mech IPO - Day 1 Subscription at 7.87 Times
Key Highlights - Day 1:
- Overall subscription opened strong at 7.87 times
- Retail investors began impressively at 13.84 times
- Non-institutional investors started at 4.44 times
- QIB portion awaiting participation
- Opening day showing robust response
- Market confidence evident from start
- Initial momentum indicating strong interest
- Day one exceeding expectations
- Strong retail participation from beginning
About H.M. Electro Mech Limited
Incorporated in 2003, H.M. Electro Mech Limited has established itself as a comprehensive infrastructure solutions provider, specializing in turnkey projects that encompass the complete lifecycle of pumping machinery and electrical installations. The company has built its reputation through expertise in executing complex projects for prestigious clients including Indian Railways, banks, and municipal corporations.
The company's operations span across multiple infrastructure domains, with a particular focus on electrification projects and EPC contracts. Their scope of work includes sophisticated undertakings such as laying cross-country pipelines, developing water treatment plants, and implementing advanced PLC-SCADA systems. Through strategic collaborations with partners for civil work components, they ensure comprehensive project delivery while maintaining their core expertise in electrical and mechanical systems.
Their nationwide presence extends across major states including Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Punjab, and Chandigarh, supported by a workforce of 37 permanent employees and 107 contract staff as of September 30, 2024. The company's financial performance demonstrates steady growth, with revenue of ₹45.43 crores and profit after tax of ₹3.34 crores for the period ended September 30, 2024, backed by a strong order book worth ₹183 crores.
Highlights of the H.M. Electro Mech IPO:
- IPO type: Book Built Issue SME IPO
- IPO size: ₹27.74 crores
- Fresh Issue: 36.99 lakh shares
- Face value: ₹10 per share
- Price band: ₹71 to ₹75 per share
- Lot size: 1,600 shares
- Minimum investment for retail investors: ₹1,20,000
- Minimum investment for HNI: ₹2,40,000 (2 lots)
- Market maker reservation: 1,85,600 shares
- Listing at: BSE SME
- IPO opens: 24th January 2025
- IPO closes: 28th January 2025
- Allotment date: 29th January 2025
- Refund initiation: 30th January 2025
- Credit of shares: 30th January 2025
- Listing date: 31st January 2025
- Lead Manager: Beeline Capital Advisors Pvt Ltd
- Registrar: Cameo Corporate Services Limited
- Market Maker: Spread X Securities Private Limited
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