305, Ashram Avenue, B/H
Kochrab Ashram, Paldi
Ahmedabad- 380006
Phone: +91 079 40092538
Email: cs@hmelectromech.com
Website: https://www.hmelectromech.com/
Last updated on 28-Jan-2025 19:04:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 702400 | 12617600 | 17.96 |
| HNIs | 528000 | 97332800 | 184.34 |
| Retail | 1230400 | 120248000 | 97.73 |
| Total | 2460800 | 230198400 | 93.55 |
| Total Applications: 88793 | |||
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.8 | @8% ₹2.1 | @9% ₹2.3 | @10% ₹2.6 | @11% ₹2.8 | @12% ₹3.1 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹18.6 | @8% ₹21.2 | @9% ₹23.9 | @10% ₹26.5 | @11% ₹29.2 | @12% ₹31.8 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 120000 | 769 |
| HNI | 2 | 3200 | 240000 | 330 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.26% | 1230400 |
| NII (HNI) | 14.27% | 528000 |
| Anchor | 28.46% | 1052800 |
| QIB | 18.99% | 702400 |
| Market Maker | 5.02% | 185600 |
| Total | 100.00% | 3699200 |
IPO Detail
| Total Issue Size | 36,99,200 shares(aggregating up to 27.74 Cr) |
| Fresh Issue | 36,99,200 shares (aggregating up to 27.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,36,99,200 shares |
| Market Maker's Portion | 1,85,600 shares |
| Market Maker | Spread x Securities |
Key Performance Indicators
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 9.87% | 29.06% | 28.52% |
| ROCE | 12.41% | 33.28% | 36.17% |
| RONW | 9.43% | 25.37% | 24.96% |
| D/E | 0.21 | 0.38 | 0.27 |
| EPS (basic) | 3.34 | 8.19 | 6.01 |
| P/E Pre IPO | 9.16 | ||
| P/E Post IPO | 15.39 |
Financial Details (Restated) In Crores
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 86 | 72 | 64 | 44 |
| Revenue | 45 | 117 | 102 | 62 |
| Profit After Tax | 3 | 8 | 6 | 3 |
| Net Worth | 35 | 32 | 24 | 18 |
| Reserves and Surplus | 25 | 22 | 14 | 8 |
| Total Borrowing | 7 | 12 | 6 | 0 |
About Company
H.M. Electro Mech Limited, incorporated in 2003, is a nationwide infrastructure firm specializing in turnkey projects, including the supply, installation, testing, and commissioning of pumping machinery, alongside comprehensive operation and maintenance services. The company's core business focuses on electrification projects for Indian Railways, banks, and municipal corporations, and it has expanded into EPC (Engineering, Procurement, and Construction) projects encompassing cross-country pipeline laying and civil works for water supply initiatives such as water treatment plants, pump houses, diesel generators, panel rooms, instrumentation, and PLC-SCADA systems. H.M. Electro Mech collaborates with other firms for the civil work components of these EPC projects and also markets products such as pumps, pipes, transformers, and motors. Serving an esteemed client base that includes State and Central Governments, municipal corporations, the banking sector, and educational institutions, the company operates across Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Punjab, and Chandigarh. As of May 31, 2024, the company employed 26 permanent staff and 28 contractual workers.
Strength
Comprehensive Project Solutions: Offers end-to-end services from conceptualization to maintenance, ensuring seamless project execution.
Strong OEM Partnerships: Maintains robust relationships with manufacturers and OEMs, enabling competitive pricing and timely delivery.
Agile Decision-Making: Efficient processes ensure swift project progression and responsiveness to client requirements.
Weakness
Legal Proceedings: Ongoing legal cases involving the company, promoters, and directors could adversely impact business operations and financial health if unfavorable outcomes occur.
Order Book Uncertainty: Income from ongoing projects may not match estimates, potentially leading to lower-than-expected revenues and affecting operational results.
High Working Capital Needs: The capital-intensive nature of operations and long project timelines require significant financing; failure to secure adequate funding on favorable terms could hinder growth and profitability.