hm-electro-ipo

HM Electro Mech IPO

  • Status: Closed
  • RHP:
  • ₹ 113,600 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    24 Jan 2025

  • Close Date

    28 Jan 2025

  • IPO Price Range

    ₹ 71 to ₹ 75

  • IPO Size

    ₹ 27.74 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    31 Jan 2025

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HM Electro Mech IPO Subscription Status

Last Updated: 28 January 2025 6:21 PM by 5Paisa

H.M. Electro Mech Limited specializes in turnkey infrastructure projects, including pumping machinery, electrification, EPC works, and O&M services. With clients spanning governments, banks, and municipalities, it operates nationwide. Competitive strengths include end-to-end solutions, strong OEM ties, experienced management, and rapid resource mobilization. As of September 2024, it employed 37 permanent staff and 107 contract workers.

Established in: 2003
Chairman & MD: Mr. Dipak Padmakant Pandya

Peers

HEC Infra Projects Ltd
 

Objectives

1. To Meet Working Capital Requirements
2. General Corporate Purposes
 

H.M. Electro IPO Size

Types Size
Total IPO Size ₹27.74 Cr.
Offer For Sale -
Fresh Issue ₹27.74 Cr.

 

H.M. Electro IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1,600 113,600
Retail (Max) 1 1,600 113,600
HNI (Min) 2 3,200 227,200

H.M. Electro IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 16.01 7,02,400 1,12,48,000 84.36
NII (HNI) 183.65 5,28,000 9,69,64,800 727.24
Retail 95.55 12,30,400 11,75,63,200 881.72
Total** 91.75 24,60,800 22,57,76,000 1,693.32

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

H.M. Electro IPO Anchor Allocation

Anchor Bid Date 9 January, 2025
Shares Offered 18,68,000
Anchor portion Size (In ₹ Cr.) 11.21
Anchor lock-in period end date for 50% shares (30 Days) 15 February, 2025
Anchor lock-in period end date for remaining shares (90 Days) 16 April, 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 62.03 101.67 117.30
EBITDA 3.49 8.91 12.56
PAT 2.58 6.01 8.19
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 44.34 64.08 72.15
Share Capital 10.00 10.00 10.00
Total Borrowings 0.18 6.40 12.25
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 5.04 -4.14 0.04
Net Cash Generated From / (used in) investing activities -3.09 -1.38 -5.82
Net Cash Generated From / (used in) financing activities -1.37 5.44 3.97
Net Increase (Decrease) In Cash And Cash Equivalents 0.58 -0.08 -1.81


Strengths

1. Expertise in turnkey projects, including supply, installation, and commissioning services.
2. Strong ties with leading manufacturers and OEMs ensure competitive pricing and timely delivery.
3. Nationwide operations with a diverse client base across government and private sectors.
4. Experienced management enables efficient resource mobilization and swift decision-making.
5. End-to-end project execution capabilities, from conceptualization to operation and maintenance.
 

Risks

1. Dependency on government contracts exposes the company to policy and regulatory changes.
2. High reliance on third-party collaborations for civil works in EPC projects.
3. Limited workforce may restrict scalability for large-scale, simultaneous projects.
4. Geographic focus is primarily limited to select states in India.
5. Exposure to competition from larger infrastructure firms with more diverse portfolios.
 

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FAQs

H.M. Electro Mech IPO opens from 24 January 2025 to 28 January 2025.

The size of H.M. Electro Mech IPO is ₹27.74 Cr.

The price of H.M. Electro Mech IPO is fixed at ₹71 to ₹75 per share. 

To apply for H.M. Electro Mech IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the H.M. Electro Mech  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of H.M. Electro Mech IPO is 1,600 shares and the investment required is ₹113,600.

The share allotment date of H.M. Electro Mech IPO is 29 January 2025

The H.M. Electro Mech IPO will be listed on 31 January 2025.

Beeline Capital Advisors Pvt Ltd is the book running lead manager for H.M. Electro Mech IPO.

H.M. Electro Mech plans to utilise the raised capital from the IPO for:

  • To Meet Working Capital Requirements
  • General Corporate Purposes