H.M. Electro Mech Ltd

H.M. Electro Mech Ltd IPO

IPO Price Range: ₹71 - 75

Our company is Engaged in the field of turnkey projects of supply, installation, testing and commissioning of pumping machineries along with comprehensive operation and maintenance. Initially the core Business of our Company was Infra projects related to water supply scheme involving Pumping Machineries and allied accessories for water and waste water. Over the years We have diversified in the field of electrification projects with Indian railways, Nationalized Banks and Municipal Corporations. Recently we have started EPC (Engineering, Procurement and Construction) field projects whichinvolves laying cross country pipe line and civil work related to water supply projects including construction of water treatment plant (WTP), Civil Work for Pump Houses, Diesel Generating Sets, Panel Room, Instrumentation, PLC-SCADA. For such EPC projects we are working in collaboration/joint ventures with other companies also for carrying out the civil work part of the project. Our company is also engaged in sale of products which includes Pump, Pipes, Transformer, Motor and Other Electronic Accessories.

Min Investment

₹1,20,000

IPO Size

₹27 Cr

IPO Status

Closed

Quantity in 1 Lot

1600

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of H.M. Electro Mech Ltd

passed
Open Date24 Jan 2025
passed
Close Date28 Jan 2025
passed
Allotment Date29 Jan 2025
passed
Listing Date31 Jan 2025

IPO subscribed over

🚀 62.2292x

This IPO has been subscribed by 97.7308x in retail and 17.9636x in QIB.

Subscription Rate

Total Subscription62.2292x
Retail Individual Investors97.7308x
Qualified Institutional Buyers17.9636x
Non Institutional Investors184.3424x

Key Statistics

Bid Opening DateBid Opening Date24 Jan 2025
Bid Closing DateBid Closing Date28 Jan 2025
Allotment DateAllotment Date29 Jan 2025
Issue SizeIssue Size₹27.74Cr
Quantity in 1 lotQuantity in 1 lot1600

Strengths and Risks of H.M. Electro Mech Ltd IPO

Strengths

Strengths

  • Comprehensive Solutions.

  • Strategic Partnerships.

  • Prompt Decision-Making.

  • Emergency Response Expertise.

  • Experienced Promoters and management team.

  • Robust Order Book.

  • Stability and Continuity.


Risks

Risks

  • Majority of its Revenue from Operation (RFO) is generated from state of Gujarat and Rajasthan. Any adversedevelopment affecting its operations in this region could have an adverse impact on the company business, financial condition and results of operations.

  • The company does not own the place where its registered office is situated. In case of non-renewal of rent agreements/cancellation of the NOCs given so far or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.

  • The Company, promoters and directors are involved in certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • The Company has reported certain negative cash flows from its operating activity, financing activity and investing activity, details of which are given below. Sustained negative cash flow could impact its growth and business.

  • The company On-going Projects (Order Book) may not be representative of its future results and the company actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect the company results of operations.

  • Its business is working capital intensive involving relatively long implementation periods. The company requires substantial financing for its business operations and the failures to obtain additional financing on terms commercially acceptable to it may adversely affect the company ability to grow and its future profitability.

  • The company business requires the services of third party manufacturers and suppliers, which entail certain risks.

  • Increase in costs or a shortfall in availability of the materials the company purchase could have a material adverse effect on the Companys sales, profitability and results of operations.

  • Its projects are typically awarded to the company on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. Its business and the company financial condition may be adversely affected if new projects are not awarded to it.

  • The company has not obtained the registration of its trademarks used in the company businesses and the company inability to obtain or maintain these registrations may adversely affect its competitive business position.

Promoters Holding

Investors Holdings %
Dipak Padmakant Pandya24.33%
Mahendra Ramabhai Patel24.33%
Varsha Mahendra Patel24.16%
Mita Dipak Pandya24.16%
Harshal Mahendra Patel0.1%

Frequently Asked Questions of H.M. Electro Mech Ltd IPO

  • What is the size of the H.M. Electro Mech Ltd IPO?

    The size of the H.M. Electro Mech Ltd IPO is ₹27.74Cr .

  • What is 'pre-apply' for H.M. Electro Mech Ltd IPO?

    'Pre-apply' for H.M. Electro Mech Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my H.M. Electro Mech Ltd IPO order be placed?

    Your H.M. Electro Mech Ltd IPO order will be placed on 24 Jan 2025.

  • What are the open and close dates of the H.M. Electro Mech Ltd IPO?

    The open and close dates of the H.M. Electro Mech Ltd IPO are 24 Jan 2025 to 28 Jan 2025.

  • What is the lot size and minimum order quantity of the H.M. Electro Mech Ltd IPO?

    The lot size and minimum order quantity of the H.M. Electro Mech Ltd IPO are 1600 and 1600 respectively.

  • What would be the listing gains on the H.M. Electro Mech Ltd IPO?

    The potential listing gains on the H.M. Electro Mech Ltd IPO will depend on various market factors and cannot be predicted with certainty.