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Energy Mission Machineries IPO is a book built issue of Rs 41.15 crores. The issue is entirely a fresh issue of 29.82 lakh shares.
Energy Mission Machineries IPO bidding started from May 9, 2024 and ended on May 13, 2024. The allotment for Energy Mission Machineries IPO was finalized on Tuesday, May 14, 2024. The shares got listed on NSE SME on May 16, 2024.
Energy Mission Machineries IPO price band is set at ₹131 to ₹138 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹276,000.
Hem Securities Limited is the book running lead manager of the Energy Mission Machineries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Energy Mission Machineries IPO is Hem Finlease.
Refer to Energy Mission Machineries IPO RHP for detailed information.
| IPO Date | May 9, 2024 to May 13, 2024 |
| Listing Date | May 16, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹131 to ₹138 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,982,000 shares (aggregating up to ₹41.15 Cr) |
| Fresh Issue | 2,982,000 shares (aggregating up to ₹41.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,344,500 |
| Share holding post issue | 11,326,500 |
| Market Maker portion | 150,000 shares Hem Finlease |
Energy Mission Machineries IPO offers 2,982,000 shares. 566,000 (18.98%) to QIB, 425,000 (14.25%) to NII, 992,000 (33.27%) to RII and 849,000 (28.47%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 849,000 (28.47%) |
| Market Maker Shares Offered | 150,000 (5.03%) |
| QIB Shares Offered | 566,000 (18.98%) |
| NII (HNI) Shares Offered | 425,000 (14.25%) |
| Retail Shares Offered | 992,000 (33.27%) |
| Total Shares Offered | 2,982,000 (100%) |
Energy Mission Machineries IPO raises Rs 11.72 crore from anchor investors. Energy Mission Machineries IPO Anchor bid date is May 8, 2024. Energy Mission Machineries IPO Anchor Investors list
| Bid Date | May 8, 2024 |
| Shares Offered | 849,000 |
| Anchor Portion Size (In Cr.) | 11.72 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 12, 2024 |
Energy Mission Machineries IPO opens on May 9, 2024, and closes on May 13, 2024.
| IPO Open Date | Thursday, May 9, 2024 |
| IPO Close Date | Monday, May 13, 2024 |
| Basis of Allotment | Tuesday, May 14, 2024 |
| Initiation of Refunds | Wednesday, May 15, 2024 |
| Credit of Shares to Demat | Wednesday, May 15, 2024 |
| Listing Date | Thursday, May 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 13, 2024 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹138,000 |
| Retail (Max) | 1 | 1000 | ₹138,000 |
| HNI (Min) | 2 | 2,000 | ₹276,000 |
| Lot Size Calculator | |||
The promoters of the company are Satishkumar Kanjibhai Parmar, Dineshkumar Shankarlal Chaudhary, Sanjay Shantukumar Khankar, Ashokkumar Ramjibhai Panchal and Snehal Narendra Mehta
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Incorporated in 2011, Energy-Mission Machineries (India) Limited designs and manufactures various metal forming machines for industrial metal fabrication. The company's precision machines are utilized across various industries, such as automotive, steel, furniture, HVAC, agriculture, construction, elevators, food processing, and more. Its products include press brakes, shearing, plate rolling, ironworkers, hydraulic presses, and busbar bending, cutting, and punching machines.
The company exports its products to the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE and Saudi Arabia.
From April 2023 to August 2023, the company supplied more than 1,050 customers with over 1,487 metal forming machines, which include over 600 variations. This occurred over the last three fiscal years and five months.
The company's manufacturing facility is situated in Sanand, Ahmedabad, spread over 18,234 sq. mtrs. As of August 31, 2023, the manufacturing facility is ISO 9001:2015 certified.
The company has the ability to produce 900 machines annually.
The company sells products in 20 states and 2 Union Territories in India, with most revenue from Maharashtra, Gujarat, and Karnataka.
On October 31, 2023, the company had 253 permanent employees on a consolidated level. It also employed individuals on a contract basis.
Energy-Mission Machineries (India) Limited's revenue increased by 27.31% and profit after tax (PAT) rose by 135% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,958.11 | 8,258.65 | 7,382.45 | 6,575.72 |
| Revenue | 8,399.76 | 10,066.12 | 7,906.57 | 4,834.07 |
| Profit After Tax | 674.80 | 790.01 | 336.17 | 95.33 |
| Net Worth | 3,027.82 | 2,353.02 | 1,563.01 | 1,226.84 |
| Reserves and Surplus | 2,193.37 | 2,074.87 | 1,284.86 | 948.69 |
| Total Borrowing | 2,333.05 | 2,187.82 | 2,457.23 | 2,228.59 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Energy Mission Machineries IPO is Rs 156.31 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 25.08% |
| ROCE | 21.86% |
| Debt/Equity | 0.77 |
| RoNW | 16.54% |
| P/BV | 4.08 |
| PAT Margin (%) | 8.1 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.47 | 9.88 |
| P/E (x) | 14.58 | 13.97 |
The company intend to utilize the proceeds of the net issue to meet the following objects:
[Dilip Davda] The company is engaged in designing and manufacturing CNC, NC and conventional metal forming machines. This segment has many players and all of them have different set of financial performances. This company marked steady growth in its top lines, but boosted profits from FY22 onwards raise eyebrows and concern over its sustainability. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for the medium to long term rewards. Read detail review...
The Energy Mission Machineries IPO is subscribed 320.67 times on May 13, 2024 6:19:58 PM. The public issue subscribed 289.36 times in the retail category, 161.92 times in the QIB category, and 605.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 161.92 |
| NII | 605.19 |
| Retail | 289.36 |
| Total | 320.67 |
Total Application : 287,050 (289.36 times)
| Listing Date | May 16, 2024 |
| BSE Script Code | |
| NSE Symbol | EMMIL |
| ISIN | INE0S1L01013 |
| Final Issue Price | ₹138 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹138.00 |
| ₹366.00 |
| ₹350.30 |
| ₹384.30 |
| ₹384.25 |
Energy-Mission Machineries (India) Limited
E-9/3 & E-12 Sanand-II Industrial Area
Bol GIDC Sanand
Bol, Ahmedabad– 382 170
Phone: +91-7984768296
Email: cfo@energymission.com
Website: https://www.energymission.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/ipo_status.html
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Energy Mission Machineries IPO is a SME IPO of 2,982,000 equity shares of the face value of ₹10 aggregating up to ₹41.15 Crores. The issue is priced at ₹131 to ₹138 per share. The minimum order quantity is 1000 Shares.
The IPO opens on May 9, 2024, and closes on May 13, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Energy Mission Machineries IPO using UPI as a payment gateway. Zerodha customers can apply in Energy Mission Machineries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Energy Mission Machineries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Energy Mission Machineries IPO opens on May 9, 2024 and closes on May 13, 2024.
Energy Mission Machineries IPO lot size is 1000 Shares, and the minimum amount required is ₹138,000.
You can apply in Energy Mission Machineries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Energy Mission Machineries IPO will be done on Tuesday, May 14, 2024, and the allotted shares will be credited to your demat account by Wednesday, May 15, 2024. Check the Energy Mission Machineries IPO allotment status.
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