₹ 120000
₹71- ₹75
1600
₹81
8
28 Jan 2025
Download30 Jan 2025
31 Jan 2025
Application Details
The H.M. Electro Mech IPO is set to open for subscription from January 24, 2025, to January 28, 2025, with the shares expected to list on the BSE SME platform. The IPO has a face value of ₹10 per share, with a price band ranging from ₹71 to ₹75 per share. Investors can apply in a lot size of 1,600 shares, with the minimum retail investment amounting to ₹1,20,000. The total issue size includes 36,99,200 shares, aggregating up to ₹27.74 crore, all issued as a fresh issue.
This book-built IPO reserves shares as follows: not more than 50% of the net issue for Qualified Institutional Buyers (QIB), at least 35% for retail investors, and not less than 15% for Non-Institutional Investors (NII or HNIs). Retail investors can apply for a single lot of 1,600 shares, while HNIs must apply for at least 2 lots (3,200 shares) with an investment of ₹2,40,000.
About H.M. Electro Mech Limited (SME IPO)
Incorporated in 2003, H.M. Electro Mech Limited is an infrastructure firm specializing in turnkey projects, including the supply, installation, testing, and commissioning of pumping machinery, as well as offering comprehensive operation and maintenance services.
The company’s core business revolves around electrification projects for Indian Railways, banks, and municipal corporations. Additionally, it has ventured into EPC (Engineering, Procurement, and Construction) projects, which involve laying cross-country pipelines and undertaking civil work for water supply projects. These projects include the construction of water treatment plants, pump houses, diesel generator installations, panel rooms, instrumentation, and PLC-SCADA systems.
H.M. Electro Mech collaborates with other companies for the civil work component of its EPC projects and also sells products such as pumps, pipes, transformers, and motors. Its clientele spans state and central governments, municipal corporations, banks, and educational institutions.
Operating on a national scale, the company has successfully executed projects in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Punjab, and Chandigarh, demonstrating its strong presence and expertise in infrastructure development across India.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.