Energy Mission IPO listed @ Rs. 366

May 16, 2024 admin Leave a reply Post Comment

Energy Mission Machineries IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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What is the business of Energy Mission Machineries?

Incorporated in 2011, Energy Mission Machineries designs and manufactures CNC, NC and conventional metal forming machines which caters to the industrial sector requirement for metal fabrication solutions. Its wide spectrum of metal forming machines includes press brake machines, shearing machines, plate rolling machines, iron workers machines, hydraulic presses and busbar bending, cutting & punching machine. Through its array of products, it provides manufacturers with vital precision machines which are required for metal cutting and forming operations. Its machines are utilized across a wide gamut of industries such as automotive, steel, pre-engineered building, furniture, HVAC, agricultural equipments, road construction equipments, elevators, food processing machinery, metalworking workshops and many others.
The company offers over 600 variants of metal forming machines and during the last 3 Fiscals and the five months period i.e. Apr.’23 to Aug.’23, the Company has supplied 1487 machines to over 1050 customers. During the last 3 Fiscals and the five months period i.e. Apr.’23 to Aug.’23, it has sold its products in India and several other countries across the globe which include USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, Saudi Arabia and other Middle east countries. It also provides
machinery tools and spare parts such as Die punch, Shearing Blade, Roller Set, Holding Spring, Limit Switch, Foot Switch, Seal Kit, Linear Scale etc. which also aids in addressing after-sales support and services. As on October 31, 2023, its sales & marketing team comprised of 20 employees managing the designated regions within India. The Sales team is also backed by an after-sales service team of 22 employees who provide the customers with access to maintenance services and spare
parts and respond to the customer grievances.
For the Fiscal 2023, it has sold 500 machines to over 400 customers. Further, in F.Y.
2022-23, it has successfully sold the hydraulic shearing machine to CERN which is the European Organization for Nuclear Research based in Geneva, Switzerland.
It operates through its manufacturing facility in Sanand (District – Ahmedabad), which is situated on a vast land area of over 18,234 sq. mtrs and is equipped with capabilities to design, develop and manufacture its product portfolio. As on August 31, 2023, it has the capacity to manufacture 900 machines p.a.

Get more information about the company @ https://www.energymission.com/

Who are the Promoters of Energy Mission Machineries IPO?
The promoters of the company are Satishkumar Kanjibhai Parmar, Dineshkumar Shankarlal Chaudhary, Sanjay Shantukumar Khankar, Ashokkumar Ramjibhai Panchal and Snehal Narendra Mehta

What are the Objects of Energy Mission Machineries IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

The objects of the present issue of Equity Shares are:

1.Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat
2.Funding of capital expenditure towards installation of new plant & machineries
3.To meet working capital requirements
4.General Corporate Purpose

Energy Mission Machineries IPO To the point Guidance
Incorporated in 2011, Energy Mission Machineries designs and manufactures CNC, NC and conventional metal forming machines which caters to the industrial sector requirement for metal fabrication solutions. Its wide spectrum of metal forming machines includes press brake machines, shearing machines, plate rolling machines, iron workers machines, hydraulic presses and busbar bending, cutting & punching machine.
Size:  The net offer is of Rs. 39.08 Crore/2832000 shares. Retail portion is Rs. 13.68 crore and it can get one time subscribed with 991 applications. Though the size of the IPO is somewhat large, over subscription may not be an issue.
Financial Snapshot: The company has strong  and growing business. Sales and profits are impressive. The shares are offered at attractive valuation. Apply.

Quicklinks

• Staffavailable.com
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• AnalysisLibrary.com

Energy Mission Machineries IPO GMP today details?

Energy Mission Machineries IPO

Energy Mission Machineries IPO FAQs

What is Energy Mission Machineries IPO?
Energy Mission Machineries is a SME IPO of 6700000 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.

When will Energy Mission Machineries IPO open?
Energy Mission Machineries IPO opens on April ?, 2024, and closes on April ?, 2024.

What is the lot size of Energy Mission Machineries IPO?
Energy Mission Machineries IPO lot size is ? Shares, and the minimum amount required is Rs.?.

How to apply for Energy Mission Machineries IPO?
You can apply in Energy Mission Machineries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Energy Mission Machineries IPO allotment?
The finalization of Basis of Allotment for Energy Mission Machineries IPO will be done on April ?, 2024, and the allotted shares will be credited to your demat account by April ?, 2024.

When is Energy Mission Machineries IPO listing date?
Energy Mission Machineries IPO listing date is April ?, 2024.