Energy Mission Machineries Stuns with 165.22% Surge On NSE SME Debut

Energy Mission Machineries debuted on NSE SME at ₹366, soaring 165.22% over the ₹138 issue price, marking a phenomenal first-day performance and significant investor interest.
Energy Mission Machineries Stuns with 165.22% Surge On NSE SME Debut

Energy Mission Machineries made a spectacular entrance on the NSE SME, debuting with shares opening at ₹366, marking a remarkable 165.22% premium over the ₹138 issue price. The company’s stock saw a blockbuster debut, surging significantly higher on its first day of trading.

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The Energy Mission Machineries IPO opened for subscription from May 9 to May 13, with shares priced between ₹131 to ₹138 each. The lot size for the IPO was 1,000 shares. By the third day, the subscription status reached an impressive 320.67 times.

Established in 2011, Energy Mission Machineries specialises in crafting CNC, NC, and conventional metal forming machines to meet industrial metal fabrication needs. With a diverse range of over 600 machine variants, it serves markets in India, USA, Switzerland, Russia, and several other nations. Situated in Sanand, Ahmedabad, its expansive 18,234 sq. metre manufacturing facility holds ISO 9001:2015 certification, facilitating design, development, and production.

Energy-Mission Machineries (India) Limited’s IPO aims to raise funds for expanding the manufacturing facility, acquiring new machinery, and fulfilling working capital needs. These include civil construction, machinery procurement, and operational expenses.

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