The Energy Mission Machineries IPO is a significant event, offering a fresh issue of 29.82 lakh shares, amounting to a total of Rs 41.15 crores. This IPO is an opportunity for investors to participate in the growth story of Energy Mission Machineries.
The subscription window for the Energy Mission Machineries IPO opened on May 9, 2024, and will remain open until May 13, 2024. The allotment of shares is expected to be finalized on May 14, 2024. The IPO will be listed on the NSE SME platform, with the tentative listing date set for May 16, 2024.
Investors can participate in the IPO at a price band of ₹131 to ₹138 per share. The minimum lot size for retail investors is 1000 shares, requiring an investment of ₹138,000. High Net Worth Individuals (HNIs) can invest a minimum of ₹276,000 for 2 lots, equivalent to 2,000 shares.
Hem Securities Limited is the lead manager for the this IPO, ensuring the smooth running of the book. Bigshare Services Pvt Ltd is the registrar for the issue, handling all administrative aspects. Hem Finlease is the market maker for the Energy Mission Machineries IPO, providing liquidity and stability to the shares post-listing.
For more information about the Energy Mission Machineries IPO, stay tuned to our updates. Don’t miss this opportunity to be a part of the Energy Mission Machineries growth story.
IPO Details :
| Company Name | Energy Mission Machineries |
| Sector | Manufacturing Industry |
| IPO Type | SME |
| IPO Open date | 9th May 2024 |
| IPO Close date | 13th May 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,38,000 |
| HNI (Min) | 2 | 2000 | 2,76,000 |
IPO Timeline:
| IPO Open Date | 9th May 2024 |
| IPO Close Date | 13th May 2024 |
| Basis of Allotment | 14th May 2024 |
| Refund Initiation Date | 15th May 2024 |
| Shares Credit to Demat | 15th May 2024 |
| Listing Date | 16th May 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
