H.M. Electro Mech Limited IPO Allotment Status: Check GMP Details, Steps to Verify

29 January 2025
3 min read
H.M. Electro Mech Limited IPO Allotment Status: Check GMP Details, Steps to Verify
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H.M. Electro Mech Limited IPO is scheduled for today, January 29, 2025. The company specializes in turnkey projects, including the supply, installation, testing, and commissioning of pumping machinery. The IPO for H.M. Electro Mech was open for bidding from January 24, 2025 to January 28, 2025. The IPO will be listed on the BSE, with the tentative listing date scheduled for Friday, January 31, 2025.

Steps to H.M. Electro Mech Limited IPO Allotment Status on BSE

Here is the process to check H.M. Electro Mech IPO Allotment Status on BSE 

  1. Open the Application Status page of BSE here
  2. Choose 'equity' as the issue type. 
  3. Select 'H.M. Electro Mech Limited’ from the list of companies. 
  4. Enter your IPO application number and PAN details. 
  5. Verify the captcha by clicking on the 'I am not a Robot' box. 
  6. Click on the submit button to check the details of the share allotment.

IPO Details

The H.M. Electro Mech Limited IPO  was open for bidding from January 24, 2025, to January 28, 2025, with the allotment scheduled today, Wednesday, January 29, 2025. The IPO, priced within a band of ₹71 to ₹75 per share, is set to list on the BSE, with the listing date scheduled for Friday, January 31, 2025.

Use of Proceeds

The company intends to utilise the net proceeds from the issue to meet the working capital requirements and general corporate purposes.

H.M. Electro Mech IPO - Overall Subscription Status

(January 28, 2025, end of the day)

The H.M. Electro Mech IPO was subscribed 91.75 times by the end of the subscription period, as per data available on the BSE. Retail investors subscribed 95.55 times, and non-institutional investors (NII) subscribed 183.65 times to the public issue, followed by Qualified Institutional Buyers (QIBs), who subscribed 16.01 times.

H.M. Electro Mech Limited IPO GMP (Grey Market Premium) Details

The GMP (Grey Market Premium) for the H.M. Electro Mech IPO was Rs 15 as of 29 Jan 2025, 10:32 AM, as sourced from Livemint. As per the latest GMP trends, the listing price of the shares is likely to be Rs ₹90, indicating a premium of 20%.

H.M. Electro Mech Limited Business Overview

H.M. Electro Mech Limited is an infrastructure company with a focus on turnkey projects. Established in 2003, the company has grown significantly, specializing in the supply, installation, testing, and commissioning of pumping machinery. They also provide comprehensive operation and maintenance services to ensure the smooth functioning of these systems.

Beyond their core business, H.M. Electro Mech has expanded into the execution of Engineering, Procurement, and Construction (EPC) projects. This includes undertaking civil work for water supply projects, laying cross-country pipelines, and handling electrification projects for various entities such as Indian Railways, banks, and municipal corporations. This diversification has broadened their service offerings and strengthened their position in the infrastructure sector.

Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market, nor do we recommend or endorse trading in the grey market.

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