Energy-Mission Machineries (India) Limited

09 May 2024 - 13 May 2024 Individual Category SME NSE

Min Investment

₹262000

Price Band

₹131-₹138

Issue Size

21.33 lakhs
Equity Shares

Lot Size

1000 (per lot)

IPO Dates
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09 May 2024

Open Date

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13 May 2024

Close Date

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14 May 2024

Allotment Date

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16 May 2024

Listing Date

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.

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About Energy-mission Machineries (india) 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.

Founded

2011

Managing Director

Dineshkumar Shankarlal Chaudhary

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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IPO Allotment

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