.M. Electro Mech IPO is a book-built issue worth Rs 27.74 crores, comprising an entirely fresh issue of 36.99 lakh shares.
The subscription for the H.M. Electro Mech IPO will begin on January 24, 2025, and conclude on January 28, 2025. The allotment is expected to be finalized on Wednesday, January 29, 2025. The IPO is planned to be listed on the BSE SME, with a tentative listing date of Friday, January 31, 2025.
H.M. Electro Mech operates in the Project Consultancy/Turnkey sector. They specialize in turnkey projects involving the supply, installation, testing, and commissioning of pumping machinery for water and wastewater, as well as electrification projects for various government and private entities.
The price band for the H.M. Electro Mech IPO is set between ₹71 and ₹75 per share. Investors must apply for a minimum lot size of 1,600 shares. The minimum investment required for retail investors is ₹1,20,000, while high-net-worth individuals (HNI) must apply for at least 2 lots (3,200 shares), amounting to ₹2,40,000.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the H.M. Electro Mech IPO, with Cameo Corporate Services Limited serving as the registrar for the issue. The market maker for the IPO is Spread X Securities Private Limited.
H.M. Electro Mech IPO Details:
| Company Name | H.M. Electro Mech Limited |
| Sector | Project Consultancy/Turnkey |
| IPO Type | SME |
| IPO Open date | 24th Jan 2025 |
| IPO Close date | 28th Jan 2025 |
| Listing Exchanges | BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
H.M. Electro Mech IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,20,000 |
| HNI (Min) | 2 | 3200 | 2,40,000 |
H.M. Electro Mech IPO Timeline:
| IPO Open Date | 24th Jan 2025 |
| IPO Close Date | 28th Jan 2025 |
| Basis of Allotment | 29th Jan 2025 |
| Refund Initiation Date | 30th Jan 2025 |
| Shares Credit to Demat | 30th Jan 2025 |
| Listing Date | 31st Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review H.M. Electro Mech’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Project Consultancy/Turnkey Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in H.M. Electro Mech and be a part of its growth.
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.
