Energy Mission Machineries IPO: Diving into the Details of IPO

Energy Mission Machineries IPO is open for subscription starting Thursday, May 9, 2024, and closing on Monday, May 13, 2024. The price band of this upcoming IPO is decided at Rs 131 to Rs 138 per share. The minimum lot size set for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots with 2000 shares. The minimum investment required for retail category investors is Rs 1,38,000 (138 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,76,000 (138 x 2000 shares). Energy Mission Machineries IPO is a book-built issue of Rs 41.15 crores. This upcoming IPO is a fresh issue of 29.82 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Tuesday, May 14, 2024. Energy Mission Machineries IPO will be listed on NSE SME, and the listing date is fixed on Thursday, May 16, 2024. The book-running lead manager of Energy Mission Machineries IPO is Hem Securities Limited. The registrar for this IPO is Bigshare Services Private Limited.

About Energy Mission Machineries Limited

Energy Mission Machineries incorporated in 2011, engaged in the business of designing and manufacturing various metal forming machines for industrial metal fabrication. The company’s machines are utilised in various industries such as automotive, steel, furniture, agriculture, construction, elevators, food processing and more. The company’s products include press brakes, shearing, plate rolling, ironworkers, hydraulic presses and busbar bending, cutting and punching machines.In April 2023 to August 2023, the company supplied more than 1,050 customers with over 1,487 metal forming machines which includes over 600 variations. The company has the ability to produce 900 machines annually. It sells products in 20 states and 2 union territories in India. However, the most of the revenue is generated from Maharashtra, Gujarat and Karnataka. The company also exports its products to the USA, Russia, Nepal, Kenya, Uganda, UAE, Switzerland and Saudi Arabia. As per latest data available, the company had 253 permanent employees.

Objectives of Energy Mission Machineries

The funds received from this IPO will be used for the civil construction work at the existing manufacturing unit located at Sanand, Ahmedabad, Gujarat. Additionally, money will be used to fund the capital expenditure toward the installation of new plants and machinery. The remaining funds will be used to fund the working capital requirements. Other than this the general corporate purposes will also be met.

Financials of Energy Mission Machineries Limited (Amt in Rs Lakhs)

Energy Mission Machineries posted a revenue of Rs 4,947.77 lakhs and net profit of Rs 466.29 lakhs for the year ending on 31 August 2023. The company’s revenue increased by 27.31% and PAT increased by 135% between the financial year ending on 31 March 2023 and 31 March 2022.

Other Important Details of Energy Mission Machineries IPO

Time-Table of Energy Mission Machineries IPO

Lot Size of Energy Mission Machineries IPO

IPO Reservation of Energy Mission Machineries Limited

Key Performance Indicator of Energy Mission Machineries Limited IPO

EPS and P/E Ratio Post IPO

Promoters of Energy Mission Machineries Limited and Their Holdings

The promoters of Energy Mission Machineries company are Satishkumar Kanjibhai Parmar, Dineshkumar Shankarlal Chaudhary, Sanjay Shantukumar Khankar, Ashokkumar Ramjibhai Panchal and Snehal Narendra Mehta.

Lead Manager(s) of Energy Mission Machineries IPO

The lead manager for Energy Mission Machineries IPO is Hem Securities Limited.

How do you apply for the Energy Mission Machineries IPO?

Wait for the public issue to open for subscription, then click here to apply for the Energy Mission Machineries Limited IPO with Bigul. 

How do you check the allotment status of Energy Mission Machineries IPO?

The registrar for Energy Mission Machineries IPO is Bigshare Services Private Limited. To check your allotment status, please click here.

FAQs

1. What is the Energy Mission Machineries IPO?

Energy Mission Machineries IPO is a book-built issue of Rs 41.15 crores. This upcoming IPO is a fresh issue of 29.82 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Tuesday, May 14, 2024.

2. Who are the lead managers for the Energy Mission Machineries Limited IPO?

Hem Securities Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for Energy Mission Machineries Limited, handling the IPO's administrative aspects. 

4. How can I apply for the Energy Mission Machineries IPO?

The public subscription of this new IPO will open on May 9, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The funds received from this IPO will be used for the civil construction work at the existing manufacturing unit located at Sanand, Ahmedabad, Gujarat. Additionally, money will be used to fund the capital expenditure toward the installation of new plants and machinery. The remaining funds will be used to fund the working capital requirements. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Energy Mission Machineries Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Energy Mission Machineries Limited?

Energy Mission Machineries posted a revenue of Rs 4,947.77 lakhs and net profit of Rs 466.29 lakhs for the year ending on 31 August 2023. The company’s revenue increased by 27.31% and PAT increased by 135% between the financial year ending on 31 March 2023 and 31 March 2022.