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.
Energy Mission Machineries IPO – Details
| IPO Opening Date | 09 May 2024 |
| IPO Closing Date | 13 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 29,82,000 Shares Worth ₹41.15 Crore Fresh Issue: 29,82,000 Shares Worth ₹41.15 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹131 – ₹138 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Energy Mission Machineries IPO – Date Schedule
| IPO Open Date | 09 May 2024 |
| IPO Close Date | 13 May 2024 |
| Basis of Allotment | 14 May 2024 |
| Initiation of Refund | 15 May 2024 |
| Credit of Shares to Demat Account | 15 May 2024 |
| IPO Listing Date | 16 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 13, 2024 |
Energy Mission Machineries IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1000 | ₹1,38,000 |
| Retail (Maximum) | 1 | 1000 | ₹1,38,000 |
| HNI (Minimum) | 2 | 2000 | ₹2,76,000 |
Competitive Strengths
- Well diversified customer base spread across various industries and geography.
- Varied product range appealing to a diverse customer base.
- In-house manufacturing facility.
- Stringent quality control mechanism ensuring standardized product quality.
- Experienced Promoters with strong management team having domain knowledge.
Company Promoters
- Satishkumar Kanjibhai Parmar
- Dineshkumar Shankarlal Chaudhary
- Sanjay Shantukumar Khankar
- Ashokkumar Ramjibhai Panchal
- Snehal Narendra Mehta
Object Of The Issue
- Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat.
- Funding of capital expenditure towards installation of new plant & machineries.
- To meet working capital requirements.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 48.34 | 47.35 | 0.95 | 22.28 |
| 31 March 2022 | 79.06 | 74.54 | 3.36 | 24.57 |
| 31 March 2023 | 100.66 | 90.55 | 7.90 | 21.87 |
| 31 August 2023 | 49.47 | 43.21 | 4.66 | 24.21 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.08% |
| ROCE | 21.86% |
| Debt/Equity | 0.77 |
| RoNW | 16.54% |
| P/BV | 4.08 |
| PAT Margin (%) | 8.1 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 9.47 | 9.88 |
| P/E (x) | 14.58 | 13.97 |
Energy Mission Machineries IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Energy Mission Machineries IPO Prospectus
Company Contact Information
| Energy-Mission Machineries (India) Limited E-9/3 & E-12 Sanand-II Industrial Area Bol GIDC Sanand Bol, Ahmedabad– 382 170 Phone: +91-7984768296 Email: cfo@energymission.com Website: https://www.energymission.com/ |
Energy Mission Machineries IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Energy Mission Machineries IPO Lead Manager(s)
| 1. Hem Securities Limited |
Energy Mission Machineries IPO FAQs
| What is Energy Mission Machineries IPO? Energy Mission Machineries IPO is a SME IPO. The issue is priced at ₹131 – ₹138 per equity share. The IPO is to be listed on NSE SME. |
| When Energy Mission Machineries IPO will open? The IPO is to open on 09 May 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Energy Mission Machineries IPO? You can apply for Energy Mission Machineries 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 Energy Mission Machineries IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Energy Mission Machineries”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Energy Mission Machineries IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Energy Mission Machineries”. Click on the 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 Edelweiss. |
| What is Energy Mission Machineries IPO Size? Energy Mission Machineries IPO size is ₹41.15 crores. |
| What is Energy Mission Machineries IPO Price Band? Energy Mission Machineries IPO Price Band is ₹131 – ₹138. |
| What is Energy Mission Machineries IPO Minimum and Maximum Lot Size? The minimum bid is 1000 Shares with ₹1,38,000 amount while the maximum bid is 1000 shares with ₹1,38,000. |
| What is the Energy Mission Machineries IPO Allotment Date? Energy Mission Machineries IPO allotment date is 14 May 2024. |
| What is the Energy Mission Machineries IPO Listing Date? Energy Mission Machineries IPO listing date is 16 May 2024. The IPO is to list on NSE SME. |
