H.M. Electro Mech IPO: On the BSE SME platform, H.M. Electro Mech shares became public today at a premium of 8% over their initial public offering price. In the primary market, the first public offering saw an incredible 86.99 times subscription between January 24 and 28. H.M. Electro Mech’s shares are listed in the market for Rs 81 each, which is 8% more than the company’s issue price. Let’s get more details regarding the same in this article.
Overview of H.M. Electro Mech Limited
The infrastructure firm H.M. Electro Mech Ltd., located in Ahmedabad, specializes in all kinds of project work related to central electrification projects and water and wastewater pumping machinery. Ahmedabad’s H.M. Electro Mech Limited is an infrastructure company that works on all kinds of projects, including:
Municipal and state government electrification projects,
Diesel generating sets projects,
Nationalized industries,
Banks,
Civil work,
- Instrumentation work, and more.
The state-of-the-art office of H.M. Electro Mech Limited is located in the center of the city and is 1292 square feet. A limited company that was formerly a partnership has been in operation since 2003. In the field of pumping machinery and other electromechanical projects, the directors have over 20 years of experience.
H.M. Electro Mech IPO Details
The pricing range for H.M. Electro Mech IPO is Rs. 71 to Rs. 75 per share. An application must have a minimum lot size of 1600. Retail investors are required to invest a minimum of Rs.1,20,000. HNI requires a lot size (minimum) investment of two lots (3,200 shares), or Rs. 240,000.
The H.M. Electro Mech IPO’s book running lead manager is Beeline Capital Advisors Pvt Ltd, and the issue’s registrar is Cameo Corporate Services Limited. Spread X Securities Private Limited is the maker of the market for H.M. Electro Mech’s IPO (initial public offering). Other details of the H.M. Electro Mech IPO are listed down below:
| Opening Date of the IPO | 24 January 2025 |
| Closing Date of the IPO | 28 January 2025 |
| Listing Date of the IPO | 31st January 2025 |
| Listed At | SME BSE |
| Issue Type | Book Built Issue |
| Face Value | Rs. 10 per share |
You can also check the allotment status using the link given below:
https://www.bseindia.com/investors/appli_check.aspx
Moreover, the H.M. Electro Mech IPO’s GMP (Grey Market Premium) was Rs 15 as of 10:32 AM on January 29, 2025. The shares’ listing price, based on current GMP trends, is probably going to be Rs 90, representing a 20% premium.
Final Verdict
H.M. Electro Mech’s successful initial public offering (IPO) listing is fantastic, and the company has finished 16 projects totaling Rs 132 crore since 2018. In addition, it is now working on 37 active projects totaling Rs 410 crore. All these numbers reflect a promising future.
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