{"id":48201,"date":"2025-01-23T17:47:33","date_gmt":"2025-01-23T12:17:33","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2025\/01\/23\/h-m-electro-mech-limited-ipo-opens-on-24th-january-2025-2\/"},"modified":"2025-01-23T17:47:33","modified_gmt":"2025-01-23T12:17:33","slug":"h-m-electro-mech-limited-ipo-opens-on-24th-january-2025-2","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2025\/01\/23\/h-m-electro-mech-limited-ipo-opens-on-24th-january-2025-2\/","title":{"rendered":"H.M. Electro Mech Limited IPO Opens on 24th January, 2025"},"content":{"rendered":"<p><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2025\/01\/PNN-Images-23-01-12.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" loading=\"lazy\" \/><\/p>\n<div>\n<p><strong><span data-sheets-root=\"1\">New Delhi [India], January 23:<\/span> <\/strong>H.M. Electro Mech Limited is specializing in turnkey projects, including supply, installation, testing, and commissioning of pumping machinery and providing comprehensive operation and maintenance services. Initial Public Offering (IPO) is opening on January 24, 2025, aiming to raise up to \u20b9 Rs 27.74 crores to be listed on the BSE SME platform.<\/p>\n<p><strong>Highlights<\/strong><\/p>\n<ul>\n<li>Total Issue Size \u2013 36,99,200 Equity Shares of \u20b9 10 each<\/li>\n<li>Book Built Issue Size \u2013 27.74\u00a0Crores<\/li>\n<li>Price Band \u2013 \u20b9 71 to \u20b9 75 per Equity Share<\/li>\n<li>Lot Size \u2013 1600 Equity Shares<\/li>\n<\/ul>\n<p>The Issue size is 36,99,200 Equity Shares with a price band of \u20b9 71\/- to \u20b9 75\/- per share and a face value of \u20b9 10 each.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<ul>\n<li>Anchor Bidding on: Thursday, January 23, 2025<\/li>\n<li>Issue Opens on: Friday, January 24, 2025<\/li>\n<li>Issue Closes on: Tuesday, January 28, 2025<\/li>\n<li>Tentative Listing Date: Friday, January 31, 2025<\/li>\n<li>QIB Anchor Portion: Not more than 10,52,800 Equity Shares<\/li>\n<li>Qualified Institutional Buyer: Not more than 7,02,400 Equity Shares<\/li>\n<li>Non-Institutional Investors: Not Less than 5,28,000 Equity Shares<\/li>\n<li>Retail Individual Investors: Not Less than 12,30,400 Equity Shares<\/li>\n<li>Market Maker: 1,85,600 Equity Shares<\/li>\n<\/ul>\n<p>The net proceeds of the IPO will be utilized to meet working capital requirements and for general corporate purposes.<\/p>\n<p><a title=\"Beeline Capital Advisors Pvt Ltd Review\" href=\"https:\/\/www.chittorgarh.com\/report\/ipo-lead-manager-review\/112\/192\/\" target=\"_blank\" rel=\"nofollow noopener\">Beeline Capital Advisors Pvt Ltd<\/a>\u00a0is the Book Running Lead Manager to the Issue, while\u00a0<a title=\"Cameo Corporate Services Limited Review\" href=\"https:\/\/www.chittorgarh.com\/report\/ipo-registrar-review\/114\/6\/\" target=\"_blank\" rel=\"nofollow noopener\">Cameo Corporate Services Limited<\/a>\u00a0is the Registrar of the Issue.<\/p>\n<p><strong>About\u00a0<\/strong><strong>H.M. Electro Mech<\/strong><strong> Limited<\/strong><\/p>\n<p>H.M. Electro Mech Limited is engaged in the field of turnkey projects of supply, installation, testing and commissioning of pumping machinery, along with comprehensive operation and maintenance. Initially, the core Business of the Company was Infra projects related to water supply schemes involving Pumping Machinery and allied accessories for water and wastewater. Over the years it has diversified in the field of electrification projects with Indian railways, Nationalized Banks and Municipal Corporations.<\/p>\n<p>Recently, it has started EPC (Engineering, Procurement and Construction) field projects, which involve laying cross-country pipelines and civil work related to water supply projects, including the construction of a water treatment plant (WTP), Civil Work for Pump Houses, Diesel Generating Sets, Panel Room, Instrumentation, PLC-SCADA. The company is also engaged in the sale of products, which include Pump, Pipes, Transformer, Motor and Other Electronic Accessories.<\/p>\n<p>H.M. Electro Mech Limited is ISO 9001:2015 certified and Class \u2018AA\u2019 (highest category for EPC Contracts \u2013 unlimited bidding capacity subject to fulfilment of other tender conditions) with the Irrigation division of the Government of Gujarat. It is authorized by the Government of Gujarat Energy and Petrochemicals Department to carry out Electrical Installation Works in the Gujarat State.<\/p>\n<p><strong>Financials<\/strong><\/p>\n<ul>\n<li>In FY24, The Company Achieved a Revenue of \u20b9 11,703.45 Lakhs, EBITDA of \u20b9 1,255.88 Lakhs &amp; PAT of \u20b9 818.61 Lakhs.<\/li>\n<li>As of Sept 2024, The Company Achieved a Revenue of \u20b9 4539.59 Lakhs, EBITDA of \u20b9 545.82 Lakhs &amp; PAT of \u20b9 333.89 Lakhs<\/li>\n<\/ul>\n<p><strong>Disclaimer: <\/strong><em>Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India], January 23: H.M. Electro Mech Limited is specializing in turnkey projects, including supply, installation, testing, and commissioning of pumping machinery and providing comprehensive operation and maintenance services. 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