H.M. Electro Mech : H.M. Electro Mech shares get listed at 8% premium!H.M. Electro Mech : H.M. Electro Mech shares get listed at 8% premium!

H.M. Electro Mech shares had a positive debut on BSE SME, listing at ₹81 on January 31, an 8% premium over the IPO price of ₹75. The listing reflected moderate investor interest and confidence in the company’s market potential.

H.M. Electro Mech IPO saw strong demand on the final bidding day, with a total subscription of 91.75 times. Retail investors subscribed 95.55 times, while NIIs recorded 183.65 times. The Qualified Institutional Buyers (QIB) category was bid 16.01 times, reflecting significant investor interest.

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H.M. Electro Mech Limited, founded in 2003,  specializes in turnkey infrastructure projects, including the supply, installation, testing, and commissioning of pumping machinery, electrification projects, and EPC services like pipelines and water treatment plants. Its clients span government bodies, municipal corporations, banks, and educational institutions nationwide.

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H.M. Electro Mech Limited plans to use ₹21 crore from IPO proceeds for working capital needs. Remaining funds will support corporate purposes, including growth, debt servicing, acquisitions, resource hiring, strategic alliances, and operational efficiency.
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