H.M. Electro Mech Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹75
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,20,000
Issue Size
₹27.74 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
H.M. Electro Mech Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.48%
Promoter Holding (Post-Issue)
71.15%
Issue Type
Book Building - SME
ISIN
INE0DZD01015
About the Company
Our company is Engaged in the field of turnkey projects of supply, installation, testing and commissioning of pumping machineries along with comprehensive operation and maintenance. Initially the core Business of our Company was Infra projects related to water supply scheme involving Pumping Machineries and allied accessories for water and waste water. Over the years We have diversified in the field of electrification projects with Indian railways, Nationalized Banks and Municipal Corporations. Recently we have started EPC (Engineering, Procurement and Construction) field projects which involves laying cross country pipe line and civil work related to water supply projects including construction of water treatment plant (WTP), Civil Work for Pump Houses, Diesel Generating Sets, Panel Room, Instrumentation, PLC-SCADA. For such EPC projects we are working in collaboration/joint ventures with other companies also for carrying out the civil work part of the project. Our company is also engaged in sale of products which includes Pump, Pipes, Transformer, Motor and Other Electronic Accessories.
Industry Overview
The built environment is a multifaceted composition of social and economic infrastructures, involving key drivers such as engineering and construction service providers and owners, manufacturers, building material providers, and governmental and regulatory entities. It majorly works on EPC (Engineering, Procurement and Construction) contracts by the way of contractual agreement between a project owner and the contractor. This framework allows the owner to transfer the complete risk of design, procurement and construction to the contractor where the contractor is solely responsible for completing the project and handing it over to the owner in a turnkey condition. This is why EPC contracts are sometimes called turnkey construction contracts or simply turnkey contracts. Over the next few years, this industry is expected to shift further toward a productized workflow. This approach can reduce the uniqueness of projects by selecting from catalogues or libraries of designs, stabilize the value chain with recurring business, embrace sustainability and circularity at its core, and take out a lot of on-site construction hours known for notoriously low productivity. At the centre of this radical shift lies technology as the catalyst and accelerator. In such a challenging environment, service excellence continues to be critical to the success of engineering and construction companies as they work to guard their value addition and capture new opportunities. Over the last few years, engineering and construction clients have elevated their expectations for a smarter built environment including smart homes, buildings, and infrastructure. They want to optimize their energy use, resolve service issues immediately, and get more value out of their built assets. The strategic expansion of services may deliver a win-win for engineering and construction companies and for their customers. this approach fosters higher levels of customer satisfaction, as companies can cater to a broader range of client needs and preferences, thereby strengthening client relationships and establishing a positive reputation in the industry.
Company History
Our Company was originally established in Year of 2003 as a partnership firm named as `M/s H.M. Engineers" under the Partnership Act, 1932. later it converted from partnership firm to (Joint Stock Company under Part I company) a public limited company named as "H. M. Electro Mech Limited" under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated April, 24 2018 issued by the Registrar of Companies Central Registration Centre. The Corporate Identification Number of our Company is U45500GJ2018PLC102018.
Products & Services
- The company is Engaged in the field of turnkey projects of supply, installation, testing and commissioning of pumping Our company is Engaged in the field of turnkey projects of supply, installation, testing and commissioning of pumping.
Growth Strategy
- Continue to enhance our project execution capabilities.
- Leveraging our market skills and relationship.
- Maintaining edge over competitors.
- Expand our geographical footprint.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of up to 36,99,200 equity shares of face value of Rs. 10/- each of H.M. Electro Mech Limited ("HMEML" or the "Company" or the "Issuer") for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share (the "Issue Price") aggregating to Rs. 27.74 crores ("The Issue"), of which 1,85,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65- per equity share aggregating to Rs. 1.39 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 35,13,600 equity shares of face value of Rs. 10/- each at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share aggregating to Rs. 26.35 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27 % and 25.65 %, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The floor price is 7.5 times of the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Comprehensive Solutions.
- Strategic Partnerships.
- Prompt Decision-Making.
- Emergency Response Expertise.
- Experienced Promoters and management team.
- Majority of its Revenue from Operation (RFO) is generated from state of Gujarat and Rajasthan. Any adversedevelopment affecting its operations in this region could have an adverse impact on the company business, financial condition and results of operations.
- The company does not own the place where its registered office is situated. In case of non-renewal of rent agreements/cancellation of the NOCs given so far or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.
- The Company, promoters and directors are involved in certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- The Company has reported certain negative cash flows from its operating activity, financing activity and investing activity, details of which are given below. Sustained negative cash flow could impact its growth and business.
- The company On-going Projects (Order Book) may not be representative of its future results and the company actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect the company results of operations.