Energy-Mission Machineries (India) Limited IPO
- IPO Date09 May, 2024 to 13 May, 2024
- Listing Date16 May, 2024
- Face Value₹10 per share
- Issue Price₹131 to ₹138 per share
- Lot Size1000 Shares
- Minimum Investment₹1,38,000
- Listing AtNSE SME
- Total Issue Size29,82,000 Shares
(aggregating up to ₹41.15 Cr) - Fresh Issue29,82,000 Shares
(aggregating up to ₹41.15 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue83,44,500
- Shareholding post issue1,13,26,500
IPO Dates
Closing Date
13 May, 2024
Initiation of Refunds
15 May, 2024
Listing Date
16 May, 2024
09 May, 2024
Opening Date
14 May, 2024
Basis of Allotment
15 May, 2024
Credit of Shares
Energy-Mission Machineries (India) Limited Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1000 | ₹1,38,000 |
| HNI (Min) | 2 | 2000 | ₹2,76,000 |
| Retail (Min) | 1 | 1000 | ₹1,38,000 |
Energy-Mission Machineries (India) Limited Promoter Holding
The promoters of the company are Satishkumar Kanjibhai Parmar, Dineshkumar Shankarlal Chaudhary, Sanjay Shantukumar Khankar, Ashokkumar Ramjibhai Panchal and Snehal Narendra Mehta
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
Energy-Mission Machineries (India) Limited COMPANY INFORMATION
Energy Mission Machineries IPO is a book built issue of Rs 41.15 crores. The issue is entirely a fresh issue of 29.82 lakh shares. Energy Mission Machineries IPO bidding opened for subscription on May 9, 2024 and will close on May 13, 2024. The allotment for the Energy Mission Machineries IPO is expected to be finalized on Tuesday, May 14, 2024. Energy Mission Machineries IPO will list on NSE SME with tentative listing date fixed as Thursday, May 16, 2024. Energy Mission Machineries IPO price band is set at ₹131 to ₹138 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹276,000. Hem Securities Limited is the book running lead manager of the Energy Mission Machineries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Energy Mission Machineries IPO is Hem Finlease. Refer to Energy Mission Machineries IPO RHP for detailed information.
Incorporated in 2011, Energy-Mission Machineries (India) Limited designs and manufactures various metal forming machines for industrial metal fabrication. The company's precision machines are utilized across various industries, such as automotive, steel, furniture, HVAC, agriculture, construction, elevators, food processing, and more. Its products include press brakes, shearing, plate rolling, ironworkers, hydraulic presses, and busbar bending, cutting, and punching machines.
The company exports its products to the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE and Saudi Arabia.
From April 2023 to August 2023, the company supplied more than 1,050 customers with over 1,487 metal forming machines, which include over 600 variations. This occurred over the last three fiscal years and five months.
The company's manufacturing facility is situated in Sanand, Ahmedabad, spread over 18,234 sq. mtrs. As of August 31, 2023, the manufacturing facility is ISO 9001:2015 certified.
The company has the ability to produce 900 machines annually.
The company sells products in 20 states and 2 Union Territories in India, with most revenue from Maharashtra, Gujarat, and Karnataka.
On October 31, 2023, the company had 253 permanent employees on a consolidated level. It also employed individuals on a contract basis.
FAQs About Energy Mission Machineries (India) Limited Ipo
Energy-Mission Machineries (India) Limited IPO will open on 09 May, 2024 and close on 13 May, 2024. Investors must apply within this period to participate.
The Energy-Mission Machineries (India) Limited IPO price band is set between ₹131.00 and ₹138.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹138000.00.
The Energy-Mission Machineries (India) Limited IPO shares are expected to be listed on 16 May, 2024, subject to regulatory approvals and final allotment.
You can track your Energy-Mission Machineries (India) Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Energy-Mission Machineries (India) Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.