HM Electro Mech IPO Itemizing: Shares Checklist on solely 8% premium, 5% damaged within the blink of a watch – INA NEWS

H.M. Electro Mech Itemizing: Infrastructure agency HM Electro Match’s debut within the inventory market on 31 January was not excellent. The IPO’s higher value band on the share BSE SME was listed at Rs 81 with a premium of simply 8 p.c from Rs 75. After this, the inventory fell 5 p.c in just a few moments.

The IPO of Rs 27.74 crore of HM Electro Mech opened on January 24 and closed on 28 January. This was a complete subscribed 91.75 instances. Reserve half for certified institutional patrons, 16.01 instances, reserve share for non -institutional buyers 183.65 instances and reserve share for retail buyers crammed 95.55 instances. 36.99 lakh new shares had been issued in IPO.

What sort of enterprise is HM Electro Match

HM Electro focuses on turny tasks together with provide, set up, testing and commissioning of MECH pumping equipment. Additionally supplies operation and upkeep providers. The primary enterprise of the corporate contains electrification tasks with Indian Railways, Banks and Municipal Companies. It has additionally launched EPC tasks, together with cross-transport pipelines and civil work for water provide tasks corresponding to water remedy plant, pump home, diesel generator, panel room, instrumentation and PLC-SCADA.

The promoters of the corporate are Deepak Padmakant Pandya, Mahendra Rambhai Patel, Varsha Mahendra Patel and Mita Deepak Pandya. Previous to IPO, HM Electro Mech raised Rs 7.90 crore from anchor buyers.

HM Electro Mech IPO Itemizing: Shares Checklist on solely 8% premium, 5% damaged in a second

Monetary standing of the corporate

The corporate’s income was Rs 117.3 crore in FY 2024, which was Rs 101.67 crore in FY 2023. In FY 2024, internet revenue was recorded at Rs 8.19 crore, whereas it was Rs 6.01 crore a 12 months in the past. Income between April-September 2024 was Rs 45.43 crore and internet revenue was Rs 3.34 crore. Throughout this time the borrowing on the corporate was Rs 7.33 crore.

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