H.M. Electro Mech SME IPO Details, Financials, Valuation & Peers

By IPOBase•Last Updated on Jan 30, 2025

Explore H.M. Electro Mech IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

Status

Listed

Biding Dates

24 Jan - 28 Jan 2025

Price Range

₹71 - ₹75

Min Investment

₹1,20,000

Lot Size

1600 shares

Issue Size

₹27.74 crore

Overview

H.M. Electro Mech Limited is engaged in engineering and construction projects for water supply, wastewater treatment, and infrastructure electrification. H.M. Electro Mech Limited has carved a niche in the design, supply, installation, testing, and commissioning of pumping machinery, along with comprehensive operation and maintenance services. The company is ISO 9001:2015 certified and holds the prestigious Class ‘AA’ contractor category, enabling it to bid for large-scale EPC contracts. The company has successfully diversified into electrification projects for Indian Railways, nationalized banks, and municipal corporations, alongside expanding into EPC (Engineering, Procurement, and Construction) projects, including water treatment plants, pump houses, and pipeline construction. H.M. Electro Mech Limited also serves as an authorized dealer for M/s WILO Mather and Platt Pumps Pvt. Ltd, offering an array of pump products and after-sales services.

Key Points:

Business Overview
- Engaged in turnkey projects for water supply, wastewater treatment, and pumping machinery installations.
- Diversified into electrification projects and EPC services, including water treatment plants, pump houses, and pipelines.
- Authorized dealer for M/s WILO Mather and Platt Pumps Pvt. Ltd for various pump products and related services.
Geographical Presence
- Operations in Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Punjab, and Chandigarh.
- 84% of revenue for FY 2023-24 generated from Gujarat.
Key Projects
1. Construction of water treatment plants under the “Nal se Jal” scheme.
2. Laying pipelines and constructing pump houses for water supply schemes.
3. Electrification projects for Indian Railways and nationalized banks.
4. Quick watering systems for railway platforms and smart metering for railway colonies.
Clientele: Key clients include state and central governments, municipal corporations, educational institutions, and the banking sector.

IPO Docs

Objects of the Issue

To Meet Working Capital Requirements
General Corporate Purposes

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

Fields	Details
IPO Dates	24 Jan - 28 Jan 2025
IPO Price Band	₹71 - ₹75 per share
Fresh Issue	36,99,200 shares
Offer For Sale	NIL
Total IPO Size	₹27.74 crore
Face Value	₹10
Listing On	BSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

Event	Date
IPO Opening Date	24 Jan 2025
IPO Closing Date	28 Jan 2025
Basis Of Allotment	29 Jan 2025
Refunds	30 Jan 2025
Demat Transfer	30 Jan 2025
IPO Listing Date	31 Jan 2025

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended	31st March 2022	31st March 2023	31st March 2024	Sep 2024
Total Income	62.03	101.67	117.30	45.43
Total Expenses	58.49	93.59	106.33	40.90
Net Profit/Loss	2.58	6.01	8.19	3.34
NPM (*)	4.17	5.92	6.99	7.36
Total Assets	44.34	64.08	72.15	85.99
Total Liabilities	26.27	40.00	39.88	50.58

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended	31st March 2022	31st March 2023	31st March 2024	Sep 2024
EPS	2.58	6.01	8.19	3.34
ROE (%)	15.38	28.52	29.06	9.87
ROCE (%)	19.35	36.17	33.28	12.41
D/E Ratio	0.01	0.27	0.38	0.21
Current Ratio	1.35	1.49	1.51	1.48
EBITDA MARGIN (%)	5.65	8.78	10.73	12.02

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

Name	Revenue	P/E	EPS	RoNW	NAV
H.M. Electro Mech Limited	117.03	9.16	8.19	25.37	32.27
HEC Infra Projects Limited	73.79	14.63	4.65	13.53	34.39

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor Type	Subscribed
Qualified Institutional Buyer (QIB)	16.01
Non-Institutional Investor (NII/HNI)	183.65
Retail Individual Investor (RII)	95.55
Total	91.75

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Cameo Corporate Services Limited
Phone: +91 - 44 – 40020700
Email: investor@cameodina.com
Website: www.cameoindia.com

Company Promoters

DIPAK PADMAKANT PANDYA
MAHENDRA RAMABHAI PATEL
VARSHA MAHENDRA PATEL
MITA DIPAK PANDYA
HARSHAL MAHENDRA PATEL

Lead Managers

Beeline Capital Advisors Private Limited

Company Address

H.M. Electro Mech Limited

305, Ashram Avenue, B/H. Kochrab Ashram, Paldi, Ahmedabad, Gujarat, 380006, India

Phone: +91 079 40092538

Email: cs@hmelectromech.com

Website: www.hmelectromech.com

FAQs

What is the issue size of the H.M. Electro Mech SME IPO?
The H.M. Electro Mech SME IPO has an issue size of ₹27.74 crore. This includes a fresh issue of 36,99,200 shares and an offer for sale (OFS) of NIL.
What is the price band of the H.M. Electro Mech IPO?
The price band for the H.M. Electro Mech IPO is ₹71 - ₹75 per share.
What are the bidding dates for the H.M. Electro Mech IPO?
The H.M. Electro Mech IPO will open for bidding on 24 Jan 2025 and close on 28 Jan 2025.
What is the allotment date for the H.M. Electro Mech IPO?
The allotment date for the H.M. Electro Mech IPO is 29 Jan 2025.
What is the minimum lot size and investment required for the H.M. Electro Mech IPO?
The minimum lot size for the H.M. Electro Mech IPO is 1600 shares and the minimum investment required is ₹1,20,000.
What is the listing date for the H.M. Electro Mech IPO?
The listing date for the H.M. Electro Mech IPO is 31 Jan 2025.
What is the H.M. Electro Mech IPO grey market premium?
The grey market premium (GMP) for the H.M. Electro Mech IPO is currently at ₹15, with an expected listing gain of approximately 20%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.