H.M. Electro Mech IPO GMP Live, Open Date, Close Date, Price Band

H.M. Electro Mech IPO open date is from January 24, 2025 to January 28, 2025. This new IPO is a book-built issue worth up to Rs 27.74 crores of equity shares. This upcoming IPO is offering entirely a fresh issue of up to 36,99,200 equity shares, there is no offers for sale part included in this IPO. 

H.M. Electro Mech IPO price band is Rs 71 – Rs 75 per share. As of now, H.M. Electro Mech IPO live GMP is at 0, indicating neutral sentiment among investors for this IPO.

H.M. Electro Mech IPO lot size is 1600 shares, and the allotment status is finalised on Wednesday, January 29, 2025. The minimum investment for retail investors is 1 lot, which is Rs 1,20,000. The registrar for H.M. Electro Mech IPO is Cameo Corporate Services Limited. The listing date is Friday, January 31, 2025.

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H.M. Electro Mech IPO GMP Live

H.M. Electro Mech IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same as the allotment price, which is Rs 75 per share. You can check the latest IPO Grey Market Premium today online.

H.M. Electro Mech IPO Price Band

H.M. Electro Mech IPO price band is Rs 71 – Rs 75 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,20,000 (75 x 1600 shares). However, for the HNI category, the minimum investment amount required is 2,40,000 (75 x 3200 shares).

H.M. Electro Mech Allotment Status

H.M. Electro Mech IPO Allotment status will be available on its registrar Cameo Corporate Services Limited website on Wednesday, January 29, 2025. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

H.M. Electro Mech Listing Date

H.M. Electro Mech IPO listing date has been decided on Friday, January 31, 2025. The Listing will be on the BSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

H.M. Electro Mech IPO: Listing Date, Lot Size, Issue Size, Price Band

H.M. Electro Mech IPO: About the Company

H.M. Electro Mech Limited, established in 2003 in Ahmedabad, Gujarat, specialises in infrastructure projects, particularly focusing on pumping machinery for water and wastewater management. 

H.M Electro Mech originally founded as a partnership firm named M/s H.M. Engineers, the company transitioned to a public limited entity in 2018.

With a robust portfolio, H.M. Electro Mech is involved in various sectors, including electrification projects for government bodies and industries, as well as civil and instrumentation works.

The company boasts an experienced team with over 20 years of expertise in electromechanical projects. H.M. Electro Mech is also recognised for its commitment to quality, being ISO 9001:2015 certified and an approved electrical contractor in Gujarat.

H.M. Electro Mech IPO Objectives

H.M. Electro Mech IPO objectives include utilising the funding received from the fresh issue in to meet working capital requirements and general corporate purposes.

H.M. Electro Mech IPO: Key Dates, Allotment, Listing Date

H.M. Electro Mech IPO Subscription status, IPO Reservation

H.M. Electro Mech IPO subscription reservations are as follows: not more than 50% of the net issue is reserved for QIB (Qualified Institutional Buyers), not less than 35% for the retail investors and not more than 15% for the HNI category is reserved.

H.M. Electro Mech IPO Lot Size Details

H.M. Electro Mech IPO lot size is set at 1600 shares per lot. The minimum amount required for retail investors to participate in this IPO is Rs 1,20,000 (102 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (102 x 3200 shares).

H.M. Electro Mech IPO Promoter Holdings

H.M. Electro Mech IPO promoter are Dipak Padmakant Pandya, Mahendra Ramabhai Patel, Varsha Mahendra Patel and Mita Dipak Pandya. The promoter's combined shareholdings before the IPO were 99.50%; however, post-IPO, their shareholdings will decline.

H.M. Electro Mech Limited Financials (Amt in crore)

Lead Manager and Registrar of H.M. Electro Mech IPO

H.M. Electro Mech, PO lead manager, is Beeline Capital Advisors Private Limited. The company has appointed Cameo Corporate Services Limited as the registrar for this public issue.

How to apply to the H.M. Electro Mech IPO

Interested investors who want to apply to the H.M. Electro Mech IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website here. You can also check the details of other upcoming IPO on the Bigul platform.

H.M. Electro Mech IPO FAQs

1. What are the core details available of the H.M. Electro Mech IPO?

H.M. Electro Mech IPO is a book-built issue worth up to Rs 27.74 crores. The price band for this IPO is Rs 71 – Rs 75 per share. This upcoming IPO is offering entirely a fresh issue of up to 36,99,200 equity shares.

2. What is the H.M. Electro Mech IPO open date and close date?

H.M. Electro Mech IPO subscription opens on Friday, January 24, 2025, and closes on Tuesday, January 28, 2025.

3. What is H.M. Electro Mech IPO GMP Live?

H.M. Electro Mech IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same as the allotment price, which is Rs 75 per share. You can check the latest IPO Grey Market Premium today online.

4. How do you check the IPO Allotment status?

H.M. Electro Mech IPO Allotment status is available on its registrar, Cameo Corporate Services Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who are the registrar and lead managers for H.M. Electro Mech IPO?

H.M. Electro Mech IPO lead manager is Beeline Capital Advisors Private Limited. The company has appointed Cameo Corporate Services Limited as the registrar for this public issue.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?