| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹27.74 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹27.74 Cr |
| Fresh Issue | ₹26.35 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹71.00-75.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544349 |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Incorporated in 2003, H.M. Electro Mech Limited is an infrastructure firm specialising in turnkey projects, including supply, installation, testing, and commissioning of pumping machinery and providing comprehensive operation and maintenance services.
The company's core business includes electrification projects with Indian Railways, banks, and municipal corporations. It has also started EPC projects, which include laying cross-country pipelines and civil work for water supply projects such as water treatment plants, pump houses, diesel generators, panel rooms, instrumentation, and PLC-SCADA.
H.M. Electro-Mech has collaborated with other companies for the civil work portion of these EPC projects. Additionally, the company sell products such as pumps, pipes, transformers, and motors.
The company's clients include State Governments, Central Governments, Municipal corporations, the banking sector and educational institutes.
The company operates nationwide, handling projects in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Punjab, and Chandigarh.
As of September 30, 2024, the Company had 37 permanent employees and 107 on contracts.
Competitive Strength
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 21.00 |
| 2 | General Corporate Purposes | 4.02 |
| 3 | Public Issue Expenses | 2.72 |
| Total | 27.74 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 85.99 | 72.15 | 64.08 | 44.34 |
| Total Income | 45.43 | 117.30 | 101.67 | 62.03 |
| Profit After Tax | 3.34 | 8.19 | 6.01 | 2.58 |
| NET Worth | 35.42 | 32.27 | 24.08 | 18.07 |
| Reserves and Surplus | 25.42 | 22.27 | 14.08 | 8.07 |
| Total Borrowing | 7.33 | 12.25 | 6.40 | 0.18 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 29.06% |
| ROCE | 33.28% |
| Debt / Equity | 0.38% |
| RoNW | 25.37% |
| PAT Margin | 6.99% |
| Price to Book Value | 2.32 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.19 | 4.87 |
| P/E (x) | 9.16 | 15.39 |
| Promoter Holding | 97.47% | 71.15% |
| Market Cap | ₹102.74 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.03 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.10 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.16 |
| 6 | Fees payable for Financial Due Diligence | 0.01 |
| 7 | Fees payable to Peer Review Auditor | 0.02 |
| 8 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 9 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 1.99 |
| 10 | Escrow Bank Fees | 0.02 |
Last Updated on 13-May-2026 10:31:52