H.M. Electro Mech and Infra Solutions IPO Listed at 8% premium on BSE at ₹81

H.M. Electro Mech and Infra Solutions IPO is listed with a premium of 8% at ₹81 on the BSE. The IPO GMP of this IPO was Rs 15 last heard.

H.M. Electro Mech IPO subscribed 91.75 times on the last day, while A retail quota was subscribed 95.55 times, QIB was subscribed 16.01 times, and NII quota subscribed 183.65 times respectively.

Details About H.M. Electro Mech and Infra Solutions  IPO

H.M. Electro Mech and Infra Solutions got approval from SEBI for an IPO of ₹27.74 crores, an entirely fresh issue of Rs ₹27.74 crores, to raise funds and maintain financial stability. The face value of each share was Rs 10 each.  Moreover, the company has set up a price band between ₹71 to ₹75 per share. In this IPO a total of 1,600 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category , while S-HNI (Min) total of 3,200 shares in 2 lot size.

To invest in this IPO, each investor category has specific investment amounts:

  • Retail Investors: Minimum investment of ₹1,20,000 and maximum investment.
  • Small HNI (S-HNI): Minimum investment of ₹2,40,000.

Subscription duration of H.M. Electro Mech and Infra Solutions IPO

The IPO subscription of H.M. Electro Mech and Infra Solutions was started on January 24, 2025, and closed for subscription on January 28, 2025. The H.M. Electro Mech IPO allotment was completed on January 29, 2025, While the listing has been scheduled for January 31, 2025.

Funds Deployment of This Company

H.M. Electro Mech and Infra Solutions is planning to use the funds raised by launching an IPO as follows:

  • To fulfill short-term financial needs for daily operations and other general business purposes.

About H.M. Electro Mech and Infra Solutions IPO

 H.M. Electro Mech Limited, in terms of offers installation testing, and commissioning of pumping machinery, in sharp contrast, this firm has also been involved in the project regarding water-providing incorporating pumping machinery for wastewater, throughout the year company has enhanced lot of projects and work with Indian Railways, Nationalized Banks, and Municipal Corporations. Moreover,  Currently, they are also engaged in the EPC field projects which comprise building cross-country pipelines and civil work related to water supply projects. The company also sells products such as pumps, Pipes, Transformers, Motors, and other Electronic Accessories to customers. H.M. Electro-Mech has quickly built a solid reputation as a reliable and trusted business, thanks to its efficient management system and timely project execution. Its key clients include State Governments, the Central Government, Municipal Corporations, the banking sector, and educational institutions. Currently, the company employs 28 contract staff and 26 permanent employees. 

Financial Background of H.M. Electro Mech and Infra Solutions IPO

The company reported revenue of ₹117.3 crores in 2024 against ₹101.67 crore in 2023. The company reported a profit of ₹8.19 crores in 2024 against a Profit of ₹6.01 crores in 2023.

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