Energy-Mission Machineries (India) IPO Review

 
Energy-Mission Machineries (India) IPO Review

IPO Open Date: May 9, 2024

IPO Close Date: May 13, 2024

IPO Price: ₹131 to ₹138 per share

Lot Size: 1000 Shares

Listing: May 16, 2024

Energy Mission Machineries is scheduled to hit the market on May 09, 2024 and close on May 13, 2024. Energy Mission Machineries plans to raise around ₹41.15 Cr through an IPO with a sale of up to 2,982,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Energy-Mission Machineries (India), established in 2011, specializes in designing and manufacturing metal forming machines for various industries like automotive, steel, furniture, HVAC, agriculture, construction, elevators, and food processing. Their product range includes press brakes, shearing machines, plate rolling equipment, ironworkers, hydraulic presses, as well as busbar bending, cutting, and punching machines. The company has a track record of exporting its products to countries such as the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, and Saudi Arabia.

With a manufacturing facility located in Sanand, Ahmedabad, covering 18,234 sq. mtrs and holding ISO 9001:2015 certification as of August 31, 2023, Energy-Mission Machineries has the capacity to produce 900 machines annually. Operating in 20 states and 2 Union Territories within India, the company generates a significant portion of its revenue from regions like Maharashtra, Gujarat, and Karnataka. As of October 31, 2023, the company had a total of 253 permanent employees on a consolidated basis, along with contract-based staff contributing to its operations.

Energy-Mission Machineries (India)



Energy Mission Machineries IPO Details

Energy Mission Machineries IPO opens on May 09, 2024, and closes on May 13, 2024. The Listing date for Energy Mission Machineries IPO is on May 16, 2024. The price band for IPO is ₹131 to ₹138 per share and lot size of 1000 Shares.

IPO DateMay 09, 2024 to May 13, 2024
Listing DateMay 16, 2024
Price₹131 to ₹138 per share
Lot Size1000 Shares
Issue Size₹41.15 Cr
Face Value₹10 per share

Energy Mission Machineries IPO Tentative Timetable

Energy Mission Machineries opening date is May 09, 2024 and close date is May 13, 2024. The IPO allotment date is May 14, 2024. The refund initiation of IPO is on May 15, 2024. The credit of shares in demat account is on May 15, 2024. The listing date is on May 16, 2024.

EventDate
IPO OpeningMay 09, 2024
IPO ClosingMay 13, 2024
IPO Allotment DateMay 14, 2024
Refund InitiationMay 15, 2024
Shares Credit to DematMay 15, 2024
Lisiting DateMay 16, 2024

Energy Mission Machineries IPO Lot Size

Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹138,000).

CategoryLotsSharesAmount
Retail(Minimum)11000₹138,000
Retail(Maximum)11000₹138,000
HNI (Minimum)21000₹276,000

Energy Mission Machineries IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Energy Mission Machineries IPO Review

Energy Mission Machineries (India) (EMML) is all set to launch its maiden book building route IPO, offering 2982000 equity shares in the price band of Rs. 131 – Rs. 138 per share. The company, engaged in designing and manufacturing CNC, NC, and conventional metal forming machines, has shown consistent growth in revenue over the years. However, the sudden surge in profits since FY22 has raised some concerns among investors regarding the sustainability of this growth trend.

The issue, constituting 26.33% of the post-IPO paid-up capital, aims to mobilize Rs. 41.15 cr. at the upper end of the price band. The company plans to utilize the funds raised for various purposes including capex on existing and new infrastructure, working capital, and general corporate needs. With a wide spectrum of metal forming machines catering to diverse industries both in India and internationally, EMML has positioned itself as a key player in the sector.

Investors looking to participate in the IPO should carefully assess the company's financial performance, especially considering its average EPS of Rs. 6.27 and RoNW of 25.25% over the last three fiscal years. While the issue seems fully priced based on FY24 earnings, well-informed and financially prudent investors may find value in parking moderate funds for potential medium to long-term returns. As EMML gears up for its IPO launch, it remains crucial for investors to conduct thorough due diligence and weigh the risks and rewards associated with this investment opportunity.

Energy Mission Machineries IPO Subscription Status (Bidding Details)

Table not found

Energy Mission Machineries IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Energy Mission Machineries IPO FAQs

What is Energy Mission Machineries IPO?

Energy Mission Machineries is issuing 2,982,000 equity shares with a face value of 10 each, totaling up to ₹41.15 Cr. The shares are being offered at a price of ₹131 to ₹138 each, with a minimum order quantity of 1000 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Energy Mission Machineries IPO will open?

Energy Mission Machineries will open on May 09, 2024 for QIB, NII, and Retail Investors.

When Energy Mission Machineries IPO will end?

Energy Mission Machineries will end on May 13, 2024.

What is Energy Mission Machineries IPO Size?

Energy Mission Machineries IPO size is 41.15 Cr.

What is Energy Mission Machineries IPO Price Band?

Energy Mission Machineries price band is ₹131 to ₹138 per share.

What is the Energy Mission Machineries IPO Allotment Date?

Energy Mission Machineries allotment date is May 14, 2024.

What is the Energy Mission Machineries IPO Listing Date?

Energy Mission Machineries listing date is May 16, 2024. The IPO is to be listed on BSE and NSE.

How to Energy Mission Machineries IPO through Zerodha?

To apply for the IPO “Energy Mission Machineries” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Energy Mission Machineries IPO through Upstox?

To apply for the IPO “Energy Mission Machineries” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Energy Mission Machineries IPO Allotment Status?

For Energy Mission Machineries IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Energy Mission Machineries IPO GMP?

You can check out here: Energy Mission Machineries IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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