H.M. Electro Mech IPO Details: H.M. Electro Mech and Infra Solutions is set to open its IPO on January 24, 2025, with the subscription period closing on January 28, 2025. The IPO follows the Book Built Issue method, aiming to raise approximately ₹27.74 crores. This includes a fresh issue of ₹27.74 crores and an offer for sale of equity shares, each with a face value of ₹10.
The IPO is priced in the range of ₹71 to ₹75 per share, with a retail quota of 35%, a Qualified Institutional Buyers (QIB) allocation of 50%, and a High Net-Worth Individual (HNI) allocation of 15%. The shares are scheduled to be listed on the BSE on January 31, 2025, with allotment finalization set for January 29, 2025.
In terms of financial performance, the company reported a revenue of ₹101.67 crores in 2023, marking a significant increase from ₹62.03 crores in 2022. Similarly, net profits rose from ₹2.58 crores in 2022 to ₹6.01 crores in 2023. Given the company’s robust financial growth, this IPO is considered a promising long-term investment opportunity.
H.M. Electro Mech IPO Objectives:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purposes
H.M. Electro Mech IPO Review (Apply or Not)
- Apply
H.M. Electro Mech IPO Date & Price Band Details:
| IPO Open Date: | January 24, 2025 |
| IPO Close Date: | January 28, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹71 to ₹75 Per Share |
| Issue Size: | Approx ₹27.74 Crores |
| Fresh Issue: | Approx ₹27.74 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
H.M. Electro Mech IPO Lot Size:
The minimum market lot for the H.M. Electro Mech IPO is 1,600 shares, requiring an application amount of ₹1,20,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,600 | ₹1,20,000 |
| Retail Maximum | 1 | 1,600 | ₹1,20,000 |
| S-HNI Minimum | 2 | 3,200 | ₹2,40,000 |
H.M. Electro Mech IPO Timeline:
The H.M. Electro Mech IPO is scheduled to open on January 24, 2025, and close on January 28, 2025. The allotment of shares will be finalized on January 29, 2025, and the IPO is set to be listed on January 31, 2025.
| IPO Open Date: | January 24, 2025 |
| IPO Close Date: | January 28, 2025 |
| Basis of Allotment: | January 29, 2025 |
| Refunds: | January 30, 2025 |
| Credit to Demat Account: | January 30, 2025 |
| IPO Listing Date: | January 31, 2025 |
H.M. Electro Mech IPO GMP Today:
- Update soon
Promoters of H.M. Electro Mech IPO
The company is promoted by Dipak Padmakant Pandya, Mahendra Ramabhai Patel, Varsha Mahendra Patel, and Mita Dipak Pandya.
About H.M. Electro Mech Limited
Incorporated in 2003, H.M. Electro Mech Limited is a rapidly growing company specializing in turnkey projects involving the supply, installation, testing, and commissioning of pumping machinery. The company initially focused on infrastructure projects related to water supply systems incorporating pumping solutions for wastewater.
Over the years, H.M. Electro Mech has diversified its operations into electrification projects, catering to prominent clients such as Indian Railways, nationalized banks, and municipal corporations. The company is also active in EPC (Engineering, Procurement, and Construction) projects, which include building cross-country pipelines and executing civil works for water supply systems.
In addition to its project expertise, the company sells a wide range of products, including pumps, pipes, transformers, motors, and other electronic accessories.
With a reputation for timely project execution and a strong management system, H.M. Electro Mech has earned the trust of major clients such as state and central government agencies, municipal corporations, banking institutions, and educational organizations. The company currently employs 26 permanent staff and 28 contractual employees.
H.M. Electro Mech IPO Company Financial Report
The company reported revenue of ₹101.67 crores in 2023 against ₹62.03 crore in 2022. The company reported profit of ₹6.01 crores in 2023 against Profit of ₹2.58 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹47.2 | ₹44.58 | ₹2.02 | ₹31.6 |
| 2022 | ₹62.03 | ₹58.49 | ₹2.58 | ₹44.34 |
| 2023 | ₹101.67 | ₹93.59 | ₹6.01 | ₹64.08 |
| December 2023 | ₹75.35 | ₹68.25 | ₹5.28 | ₹63.93 |
H.M. Electro Mech IPO Valuation – FY2023
Check H.M. Electro Mech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 28.52% |
| ROCE: | 36.17% |
| EBITDA Margin: | 8.78% |
| PAT Margin: | 5.92% |
| Debt to equity ratio: | 0.27 |
| Earning Per Share (EPS): | ₹6.01 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 24.96% |
| Net Asset Value (NAV): | ₹24.08 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| HEC Infra Projects Limited | – | 38.90 | 2.62% | 29.73 | 51.73 Cr. |
H.M. Electro Mech IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
H.M. Electro Mech Limited
305, Ashram Avenue, B/H
Kochrab Ashram, Paldi
Ahmedabad- 380006
Phone: +91 079 40092538
Email: cs@hmelectromech.com
Website: https://www.hmelectromech.com/
H.M. Electro Mech IPO FAQs
1. What is H.M. Electro Mech IPO?
H.M. Electro Mech IPO is an SME IPO through which the company aims to raise ₹27.74 crores. The issue is priced between ₹71 and ₹75 per equity share and will be listed on the BSE.
2. When will the H.M. Electro Mech IPO open for subscription?
The IPO will open on January 24, 2025, for QIB, NII, and retail investors and will close on January 28, 2025.
3. What is the investors’ portion for H.M. Electro Mech IPO?
The allocation for investors is as follows:
- QIB: 50%
- NII: 15%
- Retail: 35%
4. How can I apply for the H.M. Electro Mech IPO?
You can apply for the IPO using the ASBA (Application Supported by Blocked Amount) method through your bank account online. Alternatively, you can apply via UPI through your stockbroker or fill out the offline application form via your stockbroker.
5. What is the issue size of H.M. Electro Mech IPO?
The total issue size of the IPO is ₹27.74 crores.
6. What is the price band for H.M. Electro Mech IPO?
The IPO price band is set between ₹71 and ₹75 per equity share.
7. What is the lot size for H.M. Electro Mech IPO?
The minimum lot size is 1,600 shares, requiring an application amount of ₹1,20,000.
8. When will the allotment for H.M. Electro Mech IPO be finalized?
The allotment date for the IPO is January 29, 2025.
9. When is the H.M. Electro Mech IPO listing date?
The IPO is scheduled to be listed on the BSE on January 31, 2025.
