HM Electro IPO description – HM Electro Mech specializes in turnkey projects involving the supply, installation, testing, and commissioning of pumping machinery, along with comprehensive operation and maintenance services. Initially, the company’s core business focused on infrastructure projects related to water supply schemes, including pumping machinery and allied accessories for water and wastewater management.
Recently, HM Electro has ventured into EPC (Engineering, Procurement, and Construction) projects, which involve laying cross-country pipelines and civil works related to water supply projects. This includes the construction of water treatment plants (WTP), civil work for pump houses, diesel generating sets, panel rooms, instrumentation, and PLC-SCADA systems. Additionally, HM Electro is engaged in the sale of products such as pumps, pipes, transformers, motors, and other electronic accessories.
Since 2018, the company has completed 12 projects totaling INR 116.30 crore. As of 31 December 2023, HM Electro is engaged in 30 ongoing projects with a total value of INR 385.41 crore. As of 31 May 2024, the company had 26 permanent employees on its payroll and 28 working on a contractual basis.
Promoters of HM Electro Mech – Dipak Padmakant Pandya, Mahendra Ramabhai Patel, Varsha Mahendra Patel, and Mita Dipak Pandya
Table of Contents
HM Electro IPO Details
| HM Electro IPO Dates | 24 – 28 January 2025 |
| HM Electro Issue Price | INR 71 – 75 per share |
| Fresh issue | 36,99,200 shares (INR 26.26 – 27.74 crore) |
| Offer For Sale | NIL |
| Total IPO size | 36,99,200 shares (INR 26.26 – 27.74 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,20,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
HM Electro Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 46.97 | 61.84 | 101.49 | 75.27 |
| Expenses | 44.58 | 58.49 | 93.59 | 68.25 |
| Net income | 2.02 | 2.58 | 6.01 | 5.28 |
HM Electro Offer News
- HM Electro Mech RHP
- HM Electro Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
HM Electro Mech Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.02 | 2.58 | 6.01 |
| PE ratio | – | – | – |
| RONW (%) | 13.02 | 14.28 | 24.96 |
| NAV | 15.49 | 18.07 | 24.08 |
| ROCE (%) | 15.34 | 19.35 | 36.17 |
| EBITDA (%) | 5.52 | 5.65 | 8.78 |
| Debt/Equity | NA | 0.01 | 0.27 |
HM Electro IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
HM Electro IPO Subscription – Live Updates
The market maker reservation portion as shares is not included in the above calculations.
HM Electro IPO Allotment Status
HM Electro IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
HM Electro IPO Dates & Listing Performance
| IPO Opening Date | 24 January 2025 |
| IPO Closing Date | 28 January 2025 |
| Finalization of Basis of Allotment | 29 January 2025 |
| Initiation of refunds | 30 January 2025 |
| Transfer of shares to demat accounts | 30 January 2025 |
| IPO Listing Date | 31 January 2025 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
HM Electro Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat
Phone: 079 4918 5784
Email: [email protected]
Website: www.beelinemb.com
HM Electro Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700 / 2846 0390
Email: [email protected]
Website: www.cameoindia.com
HM Electro Mech IPO Contact Details
H.M. ELECTRO MECH LIMITED
305, Ashram Avenue, B/H. Kochrab Ashram,
Paldi, Ahmedabad, Gujarat, 380006, India
Phone: +91 079 40092538
E-mail: [email protected]
Website: www.hmelectromech.com
HM Electro Mech IPO FAQs
What is the HM Electro offer size?
HM Electro’s offer size is INR 26.26 – 27.74 crores.
What is the HM Electro offer price band?
HM Electro’s public offer price is INR 71 – 75 per share.
What is the lot size of the HM Electro IPO?
HM Electro offer a lot size is 1,600 shares.
What is HM Electro IPO GMP today?
HM Electro IPO GMP today is INR NA per share.
What is the HM Electro kostak rate today?
HM Electro kostak rate today is INR NA per application.
What is HM Electro Subject to the Sauda rate today?
HM Electro is Subject to the Sauda rate today is INR NA per application.
