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Subscription status of H. M. Electro Mech IPO
H. M. Electro Mech IPO (Day 1) Price Rs. ? Lot ? shares, Rs. ?Crore |
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QIB | NII x | RII x | Total x | Applications |
Amount wise bids recd. Rs. ? Crore | ||||
Note: |
What is the business of H.M. Electro Mech?
H.M. Electro Mech IPO Details |
|
IPO opens on | 24 January 2025 |
IPO closes on | 28 January 2025 |
Issue Type | Book Built Issue IPO |
Issue Size | 3699200 Shares / Rs 27.74 Crore |
* Fresh Issue | 3699200 Shares / Rs 27.74 Crore |
* Offer for Sale – | – shares / Rs. – crore |
Market Maker Portion | – Shares |
Net offer to Public | 3699200 Shares/ Rs27.74 Crore |
Face Value per share | Rs. 10 |
Price Band | Rs. 71-75 |
Employee discount | Rs. 0 per share |
Retail Lot Size | 1600 Shares |
Listing will at | BSE SME |
Shares offered in IPO |
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Shares | Rs. (Crore) | |
QIB (50%) | 1849600 | 13.87 |
HNI (15%) | 554880 | 4.16 |
RII (35%) | 1294720 | 9.71 |
Total Shares | 3699200 | 27.74 |
Retail portion will be oversubscribed by |
809 | |
Forms | ||
How much Shares to Apply in this IPO? | ||
Min Retail Application | 1600 Shares | Rs.12000 |
Min HNI Application | 3200 Shares | Rs. 24000 |
Who are the Promoters of H.M. Electro Mech?
The promoters of the company are Dipak Padmakant Pandya, Mahendra Ramabhai Patel, Varsha Mahendra Patel and Mita Dipak Pandya.
What are the Objects of H.M. Electro Mech IPO?
The Offer comprises of fresh issue of shares.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purposes
Tentative timetable |
|
IPO opens on | 24 January 2024 |
IPO Closes on | 28 January 2025 |
IPO Allotment on | 29 January 2025 |
Refund Initiation | 30 January 2025 |
Credit of Shares | 30 January 2025 |
Listing on | 31 January 2025 |
Registered Office of the Company H.M. Electro Mech Limited 305, Ashram Avenue, B/H Kochrab Ashram, Paldi Ahmedabad- 380006 |
Who is the Lead Manager of this IPO? Beeline Capital Advisors Pvt Ltd |
Who is the Registrar to IPO? |
H.M. Electro Mech IPO GMP grey market premium, review, Subscription, allotment, listing estimate
H.M. Electro Mech IPO Financial & Analytical Ratios |
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Year | Total Income |
Net Profit |
EPS | RoNW |
Rs.in Crore | Rs.in Crore | Rs. | % | |
2021-22 | 62.03 | 2.58 | 14.28 | |
2022-23 | 101.67 | 6.01 | 6.01 | 24.96 |
2023-24 9M | 75.35 | 5.28 | 5.28 | 17.99 |
Book Value of the Share on 31.012.2023 |
29.36 | |||
BV of the Share at cap price after IPO |
Rs. | |||
Offer Price/upper band | Rs. | 75 |
Key Performance
|
|
Price/EPS of 23-24 | 25.49 |
Price/BV Ratio | |
Debt/Equity Ratio | 0.97 |
How H.M. Electro Mech IPO compares with the Peers?
As per RHP | FV | PE | RoNW |
Ratio | Ratio | ||
H M Electro Mech | 10 | 24.96 | |
HEC Infra | 10 | 38.90 | 2.62 |
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H.M. Electro Mech IPO Review by Paresh Gordhandas, CA & Research Analyst.
+ from fundamental angle: May Apply
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