H. M. Electro Mech Limited
The company is a leading turnkey contractor specializing in water infrastructure, pumping systems, and EPC projects, including cross-country pipelines, WTPs, and electrification works. With ISO 9001:2015 certification and ‘Class AA’ contractor status in Gujarat, it serves government bodies, banks, and municipal corporations. Since 2018, it has completed projects worth ₹13,209.82 lakhs and is currently handling 37 ongoing projects worth ₹41,034.41 lakhs. Headquartered in Gujarat, the company is known for timely execution, quality delivery, and strong local presence.
Price Band₹71 - ₹75 |
Dates24 Jan - 28 Jan |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹27.74 Crs |
H. M. Electro Mech IPO Objects
- To Meet Working Capital Requirements
- General Corporate Purposes
H. M. Electro Mech IPO Details
Price Band₹71 - ₹75 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹27.74 Cr (0.37 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹27.74 Cr (0.37 Cr Shares) |
Face Value₹10 per equity share |
H. M. Electro Mech IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
1,600
1,20,000
Maximum
1
1,600
1,20,000
|
|||
| NII |
Minimum
2
3,200
2,40,000
|
|||
H. M. Electro Mech IPO GMP
The estimated Grey Market Premium of H. M. Electro Mech IPO is ₹0 per share (0.00%)
1. GMPs are available for IPOs with listing dates from May 1, 2025, onwards.
2. The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of net offer |
| NII | Not less than 15% of net offer |
| Retail | Not less than 35% of net offer |
| Market Maker | 1,85,600 EQ Share |
H. M. Electro Mech IPO Financials
| Particulars | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 45.40 | 117.03 | 101.49 | 61.84 |
| Profit after Tax | 3.34 | 8.19 | 6.01 | 2.58 |
| Net Worth | 35.42 | 32.27 | 24.08 | 18.07 |
| Total Borrowing | 7.33 | 12.25 | 6.40 | 0.18 |
| Total Assets | 85.99 | 72.15 | 64.08 | 44.34 |
| NAV per share (in ₹) | 35.42 | 32.27 | 24.08 | 18.07 |
| EPS - Basic (in ₹) | 3.34 | 8.19 | 6.01 | 2.58 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | 10.73% |
| PAT | 6.99% |
| ROE | 29.06% |
| ROCE | 33.28% |
| PE Ratio | 9.16 |
| PB Ratio | 2.32 |
| Mkt Cap (in Crs.) | 102.74 |
- All Ratios are based on Mar 24
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
H. M. Electro Mech IPO Peer Comparision
| Particulars | Co. | HEC Infra Projects |
|---|---|---|
| Revenue from Ops (in Crs.) | 117.03 | 73.79 |
| PAT (In Crs.) | 8.19 | 4.72 |
| EPS - Basic | 8.19 | 4.65 |
| NAV per share | 32.27 | 34.39 |
| RONW | 25.37% | 13.53% |
| EBITDA | 10.73% | 7.13% |
| PAT Margin | 6.99% | 6.39% |
| Price to earning (PE) | 9.16 | 14.63 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
H. M. Electro Mech IPO Peer Comparision
| Particulars | Co. |
|---|---|
| Revenue from Ops (in Crs.) | 117.03 |
| PAT (In Crs.) | 8.19 |
| EPS - Basic | 8.19 |
| NAV per share | 32.27 |
| RONW | 25.37% |
| EBITDA | 10.73% |
| PAT Margin | 6.99% |
| Price to earning (PE) | 9.16 |
| HEC Infra Projects |
|---|
| 73.79 |
| 4.72 |
| 4.65 |
| 34.39 |
| 13.53% |
| 7.13% |
| 6.39% |
| 14.63 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Mahendra Ramabhai Patel | 24.33% |
| Dipak Padmakant Pandya | 24.33% |
| Mita Dipak Pandya | 24.16% |
| Varsha Mahendra Patel | 24.16% |
| Harshal Mahendra Patel | 0.10% |
| Other Promoter | 0.04% |
Management Details
| Name | Designation |
|---|---|
| Dipak Padmakant Pandya | Chairman & MD |
| Nitinbhai Pragajibhai Dhorajiya | CFO |
Company Details
Name : H.M. ELECTRO MECH LIMITED
Address : 305, Ashram Avenue, B/H. Kochrab Ashram, Paldi, Ahmedabad, Gujarat, 380006, India
Number : +91 079 40092538
Email : cs@hmelectromech.com
Website : www.hmelectromech.co
Book Running Lead Managers (BRLMs)
Beeline Broking
Visit WebsiteRTAs
Cameo Corporate Services
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
H. M. Electro Mech IPO is a SME IPO having an issue size of Rs. ₹27.74 Crs. H. M. Electro Mech IPO is priced at ₹71 - ₹75 per share. The issue opens on 24 Jan 25 and closes on 28 Jan 25.
H. M. Electro Mech IPO opens on 24 Jan 25 and closes on 28 Jan 25.
The estimated Grey Market Premium of H. M. Electro Mech IPO is ₹0 per share (0.00%).
The minimum lot size of H. M. Electro Mech IPO is 1600 shares & the minimum application amount is Rs. 120000.
The allotment date of H. M. Electro Mech IPO is 29 Jan 25.
The listing date of H. M. Electro Mech IPO is 31 Jan 25.
H. M. Electro Mech IPO is subscribed -.
H. M. Electro Mech IPO is priced at ₹71 - ₹75 per share.
Click the allotment link on H. M. Electro Mech IPO page of IPO360.
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select H. M. Electro Mech IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
We are a one-stop destination for all your IPO needs. Get reliable, accurate, and timely information for all the IPOs in India!