H.M. Electro Mech Limited is an infrastructure firm specializing 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 such as water treatment plants, pump houses, diesel generators, panel rooms, instrumentation, and PLC-SCADA.
H.M. Electro-Mech has collaborated with other companies for the civil work portion of these EPC projects. Additionally, the company sell products such as pumps, pipes, transformers, and motors.
The company’s clients include State Governments, Central Governments, Municipal corporations, the banking sector and educational institutes.
The company operates nationwide, handling projects in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Punjab, and Chandigarh.
As of September 30, 2024, the Company had 37 permanent employees and 107 on contracts.
H.M. Electro Mech IPO – Details
| IPO Opening Date | 24 January 2025 |
| IPO Closing Date | 28 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 36,99,200 Shares Worth ₹27.74 Crore Fresh Issue: 36,99,200 Shares Worth ₹27.74 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 – ₹75 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Cameo Corporate Services Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
H.M. Electro Mech IPO – Date Schedule
| IPO Open Date | 24 January 2025 |
| IPO Close Date | 28 January 2025 |
| Basis of Allotment | 29 January 2025 |
| Initiation of Refund | 30 January 2025 |
| Credit of Shares to Demat Account | 30 January 2025 |
| IPO Listing Date | 31 January 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 28, 2025 |
H.M. Electro Mech IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,20,000 |
| Retail (Max) | 1 | 1600 | ₹1,20,000 |
| HNI (Min) | 2 | 3200 | ₹2,40,000 |
Competitive Strengths
- Provides end-to-end solutions for projects, starting from conceptualization to maintenance.
- Robust relationships with leading manufacturers and OEMs, facilitating competitive pricing and expedited delivery.
- Prompt decision-making process ensures swift project progression and responsiveness to client needs.
- Experienced Management Team.
- The team swiftly mobilizes resources for emergencies.
Company Promoters
- Dipak Padmakant Pandya
- Mahendra Ramabhai Patel
- Varsha Mahendra Patel
- Mita Dipak Pandya
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 62.02 | 58.48 | 2.58 | 0.18 |
| 31 March 2023 | 101.66 | 93.58 | 6.01 | 6.40 |
| 31 March 2024 | 117.29 | 106.32 | 8.18 | 12.25 |
| 30 September 2024 | 45.42 | 40.90 | 3.33 | 7.33 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 29.06% |
| ROCE | 33.28% |
| Debt/Equity | 0.38 |
| RoNW | 25.37% |
| PAT Margin | 6.99 |
| Price to Book Value | 2.32 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 8.19 | 4.87 |
| P/E (x) | 9.16 | 15.39 |
Object Of The Issue
- To Meet Working Capital Requirements.
- General Corporate Purposes.
H.M. Electro Mech IPO Promoter Holding
| Pre Issue Share Holding | 97.47% |
| Post Issue Share Holding | 71.15% |
H.M. Electro Mech IPO Prospectus
Company Contact Information
| 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 Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
H.M. Electro Mech IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
H.M. Electro Mech IPO FAQs
| What is H.M. Electro Mech IPO? H.M. Electro Mech IPO is a SME IPO. The issue is priced at ₹71 to ₹75 per equity share. The IPO is to be listed on BSE SME. |
| When H.M. Electro Mech IPO will open? The IPO is to open on 24 January 2025 for QIB, NII, and Retail Investors. |
| What is H.M. Electro Mech IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the H.M. Electro Mech IPO? You can apply H.M. Electro Mech IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the H.M. Electro Mech IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “H.M. Electro Mech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the H.M. Electro Mech IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “H.M. Electro Mech IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the H.M. Electro Mech IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “H.M. Electro Mech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the H.M. Electro Mech IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “H.M. Electro Mech IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is H.M. Electro Mech IPO Size? H.M. Electro Mech IPO size is ₹27.74 Crore. |
| What is the H.M. Electro Mech IPO Price Band? H.M. Electro Mech IPO Price Band is ₹71 to ₹75. |
| What is H.M. Electro Mech IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1600 Shares with ₹1,20,000 amount while the maximum bid is 1600 Shares with ₹1,20,000. |
| What is the H.M. Electro Mech IPO Allotment Date? H.M. Electro Mech IPO allotment date is 29 January 2025. |
| What is the H.M. Electro Mech IPO Listing Date? H.M. Electro Mech IPO listing date is 31 January 2025. The IPO is to be listed on BSE SME. |
