H.M. Electro Mech
LISTEDIPO Date: 24 Jan - 28 Jan 2025
Listing Date: 31 Jan 2025
Price Range
₹71 – ₹75
Issue Size
28 Cr
Min Investment
₹2,27,200
2 lots minimum (SEBI rule for SME)
Min Application
3200 Shares
1600 per lot × 2
Schedule of H.M. Electro Mech
Issue open date
24 Jan 2025
Issue close date
28 Jan 2025
UPI mandate deadline
28 Jan 2025 (5 PM)
Allotment finalization
29 Jan 2025
Share credit
30 Jan 2025
Listing date
31 Jan 2025
Mandate end date
12 Feb 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 28 Cr |
| Fresh Issue | 27.74 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 29 Jan 2025 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 31 Jan 2025Latest | ₹75 | ₹6 | ₹81(+8%) |
| 30 Jan 2025 | ₹75 | ₹6 | ₹81(+8%) |
| 29 Jan 2025 | ₹75 | ₹15 | ₹90(+20%) |
| 28 Jan 2025 | ₹75 | ₹15 | ₹90(+20%) |
| 27 Jan 2025 | ₹75 | ₹20 | ₹95(+26%) |
| 25 Jan 2025 | ₹75 | ₹24 | ₹99(+32%) |
| 24 Jan 2025 | ₹75 | ₹24 | ₹99(+32%) |
| 23 Jan 2025 | ₹75 | ₹25 | ₹100(+33%) |
Performance H.M. Electro Mech
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹71 – ₹75 | ₹ 77 (2.72%) | ₹ 49.2 | -34.40% |
About H.M. Electro Mech
H. M. Electro Mech Limited, established in 2003 as a partnership firm and restructured as a public limited company in 2018, specialises in turnkey infrastructure projects, including water supply schemes, wastewater management, and electrification projects. The company has expanded into Engineering, Procurement, and Construction (EPC) ventures, delivering high-quality solutions like water treatment plants, pipeline installations, and railway electrification. Its diverse clientele includes government bodies, municipal corporations, and banks, focusing strongly on Gujarat and other states.
| Founded in | 2003 |
| Managing director | Mr Dipak Padmakant Pandya |
| Parent organization | H M Electro Mech Ltd |
Financial Overview
Strengths
5- 1
Single-window solutions for the entire project lifecycle.
- 2
Competitive pricing and fast delivery through strong industry partnerships.
- 3
Swift decision-making for efficient project execution.
- 4
Experienced leadership with a proven track record in the industry.
- 5
A strong order book indicates consistent growth and successful project acquisition.
Risks
5- 1
Reliance on revenue from specific regions.
- 2
Potential disruptions due to lease agreements.
- 3
Order book may not accurately predict future income.
- 4
Dependence on external financing for operations.
- 5
Risks associated with material costs and availability.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 16 |
| Non-Institutional Investors (NIIs) | 183 |
| Retail Individual Investors (RIIs) | 95.55 |
| Employee | N/A |
| Total | 91.75 |