H.M. Electro Mech IPO Closed
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Schedule of H.M. Electro Mech
| Issue open date | 24 Jan 2025 |
| Issue close date | 28 Jan 2025 |
| UPI mandate deadline | 28 Jan 2025 (5 PM) |
| Allotment finalization | 29 Jan 2025 |
| Refund initiation | 30 Jan 2025 |
| Share credit | 30 Jan 2025 |
| Listing date | 31 Jan 2025 |
| Mandate end date | 12 Feb 2025 |
| Lock-in end date for anchor investors (50%) | 28 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 29 Apr 2025 |
Note: The schedule is tentative. 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. The allotment status can be checked on the registrar's website and the exchange website.
About H.M. Electro Mech
H. M. Electro Mech Limited, established in 2003 as a partnership firm and restructured as a public limited company in 2018, specialises in turnkey infrastructure projects, including water supply schemes, wastewater management, and electrification projects. The company has expanded into Engineering, Procurement, and Construction (EPC) ventures, delivering high-quality solutions like water treatment plants, pipeline installations, and railway electrification. Its diverse clientele includes government bodies, municipal corporations, and banks, focusing strongly on Gujarat and other states.
Financials of H.M. Electro Mech
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹27.74 crores |
| Fresh Issue | ₹27.74 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 21 (75.70%) |
| General corporate purposes | 6.74 (24.30%) |
Strengths
- Single-window solutions for the entire project lifecycle.
- Competitive pricing and fast delivery through strong industry partnerships.
- Swift decision-making for efficient project execution.
- Experienced leadership with a proven track record in the industry.
- A strong order book indicates consistent growth and successful project acquisition.
Risks
- Reliance on revenue from specific regions.
- Potential disruptions due to lease agreements.
- Order book may not accurately predict future income.
- Dependence on external financing for operations.
- Risks associated with material costs and availability.
Allotment Status for H.M. Electro Mech
To check your allotment status – click here.
Subscription Figures for H.M. Electro Mech
Subscription numbers as of 5:00 PM on 27 Jan 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 7.02 | 6.67 | 0.95 |
| HNI (₹2L+) | 7.13 | 71.74 | 10.05x |
| Retail (upto ₹2L) | 12.30 | 442.40 | 35.96x |
| Total | 26.46 | 520.81 | 19.68x |