Energy-Mission Machineries (India) Limited IPO Closed

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IPO date 09th – 13th May 2024
Listing date 16 May 2024
Type SME
Price range 131 – 138
Minimum order quantity 1000
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Energy-Mission Machineries (India) Limited is launching its IPO. The offer opens for subscription on May 9th, 2024, and will close on May 13th, 2024.

Disclaimer: This stock will trade with a lot size of 1000 shares in the SME segment on listing.

What does Energy-Mission Machineries (India) Limited do?

Energy-Mission Machineries (India) Limited, founded in 2011, specializes in designing and manufacturing a variety of metal-forming machines, including press brakes, shearing machines, and hydraulic presses, among others. They serve diverse industries such as automotive, steel, furniture, and agriculture, both domestically in India and internationally in countries like the USA, Switzerland, and Saudi Arabia.

With over 600 machine variants, they’ve supplied 1487 machines to over 1050 customers in recent years. Additionally, they offer machinery tools and spare parts, backed by a robust sales and after-sales service team. Notably, they sold a hydraulic shearing machine to CERN in Switzerland. Their manufacturing facility in Sanand is ISO 9001:2015 certified and can produce 900 machines annually. They emphasize customization and have a dedicated design and development team.

The founders and management team have been instrumental in the company’s growth, and the company is recognized with awards such as the Best Enterprise Award in 2022 and a National Award for Outstanding Entrepreneurship in 2014.

Schedule/Timeline of Energy-Mission Machineries (India) Limited IPO

Issue Period 9th May to 13th May 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment May 14, 2024
Initiation of Refunds May 15, 2024
Credit of Shares May 15, 2024
Date of Listing May 16, 2024
Mandate end date May 28, 2024
Anchor Investors Lock-In End Date (50% of the investment) June 13, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 12, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the Energy-Mission Machineries (India) Limited IPO?

You can apply for the Energy-Mission Machineries (India) Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Energy-Mission Machineries (India) Limited IPO?

You can check the allotment status for the Energy-Mission Machineries (India) Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.