SME · BSESubscribed: 93.55×GMP ₹24
H.M. Electro Mech Limited

H.M. Electro Mech Limited

H.M. Electro Mech Limited(HMEML)

Total Shares

36,99,200

Issue Size

₹27.74 Cr

Price Band

71 – ₹75

Lot Size

1600 shares

Min. Investment

1,20,000

Max. Investment

1,20,000

Open Date

24 Jan, 2025

Close Date

28 Jan, 2025

Allotment

29 Jan, 2025

Listing

31 Jan, 2025

Announced

24 Jan, 2025

Opening Date

24 Jan, 2025

Closing Date

28 Jan, 2025

Basis of Allotment

29 Jan, 2025

Initiation of Refunds

30 Jan, 2025

Credit of Shares

30 Jan, 2025

Listing Date

31 Jan, 2025

Live GMP

Est. Listing: ₹90

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About H.M. Electro Mech Limited IPO

Incorporated in 2003, H.M. Electro Mech Limited is an infrastructure firm specialising in turnkey projects, including supply, installation, testing, and commissioning of pumping machinery and providing comprehensive operation and maintenance services.

The company's core business includes electrification projects with Indian Railways, banks, and municipal corporations. It has also started EPC projects, which include laying cross-country pipelines and civil work for water supply projects

H.M. Electro Mech Limited IPO Share Price and Issue Size

Issue Breakdown

Total Issue36,99,200 shares₹27.74 Cr
Fresh Issue36,99,200 shares₹ 27.74 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue1,00,00,000
Post-Issue1,36,99,200

Dilution: 37.0% increase in shares

H.M. Electro Mech Limited IPO Financials Health

H.M. Electro Mech Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum116001,20,000
Retail Maximum116001,20,000
HNI Minimum232002,40,000

(All values in CR)

H.M. Electro Mech Limited IPO Valuation

MetricValue
EPS Post IPO5.14
EPS Pre IPO6.01
P/E Post IPO14.59
P/E Pre IPO12.48

(All values in CR)

Strength & Risk of H.M. Electro Mech Limited IPO

+Strengths

1. Comprehensive Solutions.

2. Strategic Partnerships.

3. Prompt Decision-Making.

4. Emergency Response Expertise.

5. Experienced Promoters and management team.

6. Robust Order Book.

7. Stability and Continuity.

!Risks

1. Majority of our Revenue from Operation (RFO) is generated from state of Gujarat and Rajasthan. Any adversedevelopment affecting our operations in this region could have an adverse impact on our business, financial condition and results of operations.

2. We do not own the place where our registered office is situated. In case of non-renewal of rent agreements/cancellation of the NOCs given so far or dispute in relation to use of the said premise, our business and results of operations can be adversely affected.

3. Our Company, promoters and directors are involved in certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.

4. Our Company has reported certain negative cash flows from its operating activity, financing activity and investing activity, details of which are given below. Sustained negative cash flow could impact our growth and business.

5. Our On-going Projects (Order Book) may not be representative of our future results and our actual income may be significantly less than the estimates reflected in our Order Book, which could adversely affect our results of operations.

6. Our business is working capital intensive involving relatively long implementation periods. We require substantial financing for our business operations and the failure to obtain additional financing on terms commercially acceptable to us may adversely affect our ability to grow and our future profitability.

7. Our business requires the services of third party manufacturers and suppliers, which entail certain risks.

8. Increase in costs or a shortfall in availability of the materials we purchase could have a material adverse effect on our Company's sales, profitability and results of operations.

9. Our projects are typically awarded to us on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. Our business and our financial condition may be adversely affected if new projects are not awarded to us.

10. We have not obtained the registration of our trademarks used in our businesses and our inability to obtain or maintain these registrations may adversely affect our competitive business position.

H.M. Electro Mech Limited IPO Subscription Status

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0010,52,80010,52,8007.9
HNI184.355,28,0009,73,36,000730.02
Market Maker1.001,85,6001,85,6001.39
QIB17.967,02,4001,26,17,60094.63
Retail97.7312,30,40012,02,46,400901.85
Total93.5524,60,80023,02,00,0001

H.M. Electro Mech Limited IPO GMP

+15+20.0%

Last updated 21 Jan, 2025 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
21 Jan, 202575₹1518200₹90 (20.00%)-21 Jan, 2025
22 Jan, 202575₹2530400₹100 (33.33%)-22 Jan, 2025
23 Jan, 202575₹2530400₹100 (33.33%)-23 Jan, 2025
24 Jan, 202575₹2429200₹99 (32.00%)-24 Jan, 2025

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for H.M. Electro Mech Limited IPO

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2

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Find H.M. Electro Mech Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

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4

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5

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