PNN DigitalPNN Digital
    Facebook Twitter Instagram
    Wednesday, August 6
    Trending
    • Amruta Rao From Black & White Broadcasts to National Award Glory: Veteran Newsreader-Turned-Producer Triumphs with ‘Shyamchi Aai’
    • Catalyzing the Future of Work: How Enzyme Office Spaces Are Redefining Modern Workplaces
    • Hunar Online Courses Hosts India’s Biggest Online Graduation Ceremony of 10,000+ Women
    • Three-Month Financial Inclusion Saturation Campaign Successfully Held at Agasi Branch
    • From Odoo Intern to India’s Leading Odoo Partner: Amit Parik’s Journey and the Global Growth of BrowseInfo
    • Sawaliya Food Products Limited Eyes Growth with IPO Launch: A Vision Towards Innovation, Sustainability, and Global Expansion
    • Global Music Junction and Hariprem Films Sign Landmark Deal with Devi Chitralekha Ji to Lead Global Spiritual Music Movement
    • Breakthrough Strategic Pact: India and Philippines Forge Bold Ties After 75 Years
    Submit News
    PNN DigitalPNN Digital
    Subscribe
    • Home
    • News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • More
      • Sports
      • Health
      • Finance
      • Education
    PNN DigitalPNN Digital
    Home»Business

    H.M. Electro Mech Limited IPO Opens on 24th January, 2025

    Abizar AttariAbizar Attari Business 3 Mins Read
    H.M. Electro
    Share
    Facebook Twitter LinkedIn Pinterest Email

    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. Initial Public Offering (IPO) is opening on January 24, 2025, aiming to raise up to ₹ Rs 27.74 crores to be listed on the BSE SME platform.

    Highlights

    • Total Issue Size – 36,99,200 Equity Shares of ₹ 10 each
    • Book Built Issue Size – 27.74 Crores
    • Price Band – ₹ 71 to ₹ 75 per Equity Share
    • Lot Size – 1600 Equity Shares

    The Issue size is 36,99,200 Equity Shares with a price band of ₹ 71/- to ₹ 75/- per share and a face value of ₹ 10 each.

    Equity Share Allocation

    • Anchor Bidding on: Thursday, January 23, 2025
    • Issue Opens on: Friday, January 24, 2025
    • Issue Closes on: Tuesday, January 28, 2025
    • Tentative Listing Date: Friday, January 31, 2025
    • QIB Anchor Portion: Not more than 10,52,800 Equity Shares
    • Qualified Institutional Buyer: Not more than 7,02,400 Equity Shares
    • Non-Institutional Investors: Not Less than 5,28,000 Equity Shares
    • Retail Individual Investors: Not Less than 12,30,400 Equity Shares
    • Market Maker: 1,85,600 Equity Shares

    The net proceeds of the IPO will be utilized to meet working capital requirements and for general corporate purposes.

    Beeline Capital Advisors Pvt Ltd is the Book Running Lead Manager to the Issue, while Cameo Corporate Services Limited is the Registrar of the Issue.

    About H.M. Electro Mech Limited

    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.

    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.

    H.M. Electro Mech Limited is ISO 9001:2015 certified and Class ‘AA’ (highest category for EPC Contracts – 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.

    Financials

    • In FY24, The Company Achieved a Revenue of ₹ 11,703.45 Lakhs, EBITDA of ₹ 1,255.88 Lakhs & PAT of ₹ 818.61 Lakhs.
    • As of Sept 2024, The Company Achieved a Revenue of ₹ 4539.59 Lakhs, EBITDA of ₹ 545.82 Lakhs & PAT of ₹ 333.89 Lakhs

    Disclaimer: 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.

    BSE SME H.M. Electro Mech H.M. Electro Mech Limited ipo
    Abizar Attari
    • LinkedIn

    I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.

    Keep Reading

    Catalyzing the Future of Work: How Enzyme Office Spaces Are Redefining Modern Workplaces

    Hunar Online Courses Hosts India’s Biggest Online Graduation Ceremony of 10,000+ Women

    Three-Month Financial Inclusion Saturation Campaign Successfully Held at Agasi Branch

    From Odoo Intern to India’s Leading Odoo Partner: Amit Parik’s Journey and the Global Growth of BrowseInfo

    Global Music Junction and Hariprem Films Sign Landmark Deal with Devi Chitralekha Ji to Lead Global Spiritual Music Movement

    IPS Academy among West Zone’s Best in Times of India Survey 2025 Highlights zonal excellence (6th rank in West Zone)

    Recent Posts
    • Amruta Rao From Black & White Broadcasts to National Award Glory: Veteran Newsreader-Turned-Producer Triumphs with ‘Shyamchi Aai’
    • Catalyzing the Future of Work: How Enzyme Office Spaces Are Redefining Modern Workplaces
    • Hunar Online Courses Hosts India’s Biggest Online Graduation Ceremony of 10,000+ Women
    • Three-Month Financial Inclusion Saturation Campaign Successfully Held at Agasi Branch
    • From Odoo Intern to India’s Leading Odoo Partner: Amit Parik’s Journey and the Global Growth of BrowseInfo

    Amruta Rao From Black & White Broadcasts to National Award Glory: Veteran Newsreader-Turned-Producer Triumphs with ‘Shyamchi Aai’

    05/08/2025

    Catalyzing the Future of Work: How Enzyme Office Spaces Are Redefining Modern Workplaces

    05/08/2025

    Hunar Online Courses Hosts India’s Biggest Online Graduation Ceremony of 10,000+ Women

    05/08/2025

    Three-Month Financial Inclusion Saturation Campaign Successfully Held at Agasi Branch

    05/08/2025

    From Odoo Intern to India’s Leading Odoo Partner: Amit Parik’s Journey and the Global Growth of BrowseInfo

    05/08/2025

    Sawaliya Food Products Limited Eyes Growth with IPO Launch: A Vision Towards Innovation, Sustainability, and Global Expansion

    05/08/2025
    Facebook Instagram Twitter
    • Legal Disclaimer
    • Privacy Policy
    • Contact Us
    • About Us
    © 2025 PNN Digital. Designed by Primex Media Services.

    Type above and press Enter to search. Press Esc to cancel.