H.M. Electro Mech IPO: Key Details and Analysis 2025
The much-anticipated IPO of H.M. Electro Mech and Infra Solutions is set to open for subscription from January 24, 2025, to January 28, 2025. This article provides a detailed overview of the IPO, financials, valuations, and application process.
H.M. Electro Mech IPO Overview
The IPO is a Book Built Issue with a total size of approximately ₹27.74 crores. This amount includes both the fresh issue component of ₹27.74 crores and the offer for sale. The shares are priced in the band of ₹71 to ₹75 per equity share.
The IPO is to be listed on the BSE SME platform on January 31, 2025.
Important Dates H.M. Electro Mech IPO
| Event | Date |
|---|---|
| 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 Accounts | January 30, 2025 |
| Listing Date | January 31, 2025 |
IPO Price Band and Market Lot H.M. Electro Mech IPO
Key Details:
- Face Value: ₹10 per equity share
- Price Band: ₹71 to ₹75 per equity share
- Retail Quota: 35%
- QIB Quota: 50%
- NII (HNI) Quota: 15%
Market Lot:
The minimum market lot size is 1,600 shares, which requires an application amount of ₹1,20,000.
| Category | 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 Company Financial Highlights
The company has shown consistent growth in revenue and profits over the years, reflecting strong financial health.
| Year | Revenue (₹ Cr.) | Expense (₹ Cr.) | Profit After Tax (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| 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 |
| Dec 2023 (Q3) | 75.35 | 68.25 | 5.28 | 63.93 |
Key Ratios (FY 2023):
- Return on Equity (ROE): 28.52%
- Return on Capital Employed (ROCE): 36.17%
- EBITDA Margin: 8.78%
- Profit After Tax (PAT) Margin: 5.92%
- Debt-to-Equity Ratio: 0.27
The company’s financial growth highlights its capability to scale operations and maintain profitability.
IPO Objectives
- Working Capital Requirements: The funds will enhance liquidity to support business growth.
- General Corporate Purposes: The company aims to use proceeds for expansion and operational efficiency.
Promoters of H.M. Electro Mech
The company is promoted by:
- Dipak Padmakant Pandya
- Mahendra Ramabhai Patel
- Varsha Mahendra Patel
- Mita Dipak Pandya
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV (₹) | Income (₹ Cr.) |
|---|---|---|---|---|---|
| HEC Infra Projects Limited | – | 38.90 | 2.62% | 29.73 | 51.73 |
IPO Application Process
Investors can apply through:
- ASBA (Application Supported by Blocked Amount): Via online banking or UPI.
- Stock Brokers: Both online and offline applications are accepted.
Summary Table
| IPO Details | Information |
|---|---|
| IPO Open Date | January 24, 2025 |
| IPO Close Date | January 28, 2025 |
| Listing Date | January 31, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 |
| Issue Size | ₹27.74 crores |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Promoters | Dipak P. Pandya, et al. |
Conclusion
H.M. Electro Mech and Infra Solutions has demonstrated strong financial performance with consistent growth in revenue and profits. The IPO offers investors an opportunity to be part of a company poised for long-term growth, particularly due to its efficient financial management and industry prospects.
FAQs
- What is the price band for H.M. Electro Mech IPO?
The IPO is priced between ₹71 and ₹75 per equity share. - When will the IPO open for subscription?
The IPO will open on January 24, 2025, and close on January 28, 2025. - What is the market lot size?
The minimum market lot size is 1,600 shares, amounting to ₹1,20,000. - What are the financial highlights of the company?
In FY 2023, the company reported revenue of ₹101.67 crores and a profit of ₹6.01 crores. - Where will the shares be listed?
The shares will be listed on the BSE SME platform.