H.M. Electro Mech IPO subscription started on Thursday, January 24, 2025, and will close on January 28, 2025, as per the schedule. The price band is set at ā¹71 to ā¹75 per share with a face value of ā¹10 each.
H.M. Electro Mech IPO Subscription Status
H.M. Electro Mech IPO Subscribed over 7.87x on its First day till 05.00 PM on 24th January 2025.
- H.M. Electro Mech IPO subscription QIB investors portion is 0.00x times, while NII subscribed 4.44x times and RII investors subscribed 13.84x times.
- The company has received bids for 1,93,66,400 shares against 24,60,800 shares on offer on the First day.
- H.M. Electro Mech IPO Subscribed over 7.87x on day 1.
About H.M. Electro Mech IPO
One of the growing companies H.M. Electro Mech Limited, incorporated in 2003, is involved in turnkey projects of supply, installation, testing, and commissioning of pumping machinery. In the past, the company was involved in Infra projects related to water supply incorporating pumping machinery for wastewater. Throughout the years, the company has also expanded its business in electrification projects, working with Indian Railways, Nationalized Banks, and Municipal Corporations. 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 established itself as one of the reputed and trusted businesses in a short time all due to its strong and effective management system and in-time project implementation. State Governments, Central Government, Municipal corporations, the banking sector, and educational institutes are their major clients. As of now, the company has 28 employees on contract and 26 permanent employees.
H.M. Electro Mech IPO Company Financial Report
The company reported revenue of ā¹117.3 crores in 2024 against ā¹101.67 crore in 2023. The company reported a profit of ā¹8.19 crores in 2024 against a Profit of ā¹6.01 crores in 2023.
H.M. Electro Mech IPO GMP:
H.M. Electro Mech IPO GMP was ā¹25 as of Friday, 24th January 2025. That indicates the IPO is trading at ā¹100 with ā¹25 premium in the grey market against the issue price of ā¹75.
