Energy-Mission IPO

Energy-Mission Machineries (India) Ltd

₹1,31,000 /1000 sharesMinimum Investment

Energy-Mission IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹138.00₹366.00₹228.00 (165.22%)

Energy-Mission IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
9 May ‘24 - 13 May ‘24₹1,31,0001,000₹131 - ₹138
Issue SizeIPO Doc
41.15Cr
RHP PDF

About Energy-Mission

Energy-Mission Machineries (India) Limited designs and manufactures CNC, NC and conventional metal forming machines. These are used for metal fabrication solutions in the automotive, steel, pre-engineered building, furniture, HVAC, agricultural equipment, road construction equipment, elevators, food processing machinery, metalworking workshops, and other industrial segments. Its metal forming machines, numbering over 600, include press brake machines, shearing machines, plate rolling machines, iron-workers machines, hydraulic presses and busbar bending, cutting & punching machines. The company also provides machinery tools and spare parts such as die punch, shearing blade, roller set, holding spring, limit switch, foot switch, seal kit, linear scale, etc. The company’s manufacturing unit, located in Sanand, Gujarat, has the ISO 9001:2015 certification. As of August 31, 2023, the company has the capacity to manufacture 900 machines per annum.;
Parent Organisation
Energy-Mission Machineries (India) Ltd
Founded
2011
Managing Director
Mr. Satishkumar Kanjibhai Parmar

Strengths & Risks

  • The company has a diversified customer base spread across various industries and geographies. During FY21, FY22, FY23 and the period, April 2023 to August 2023, the company sold 1,487 machines to over 1,050 customers in the domestic market and export markets, including the US, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, Saudi Arabia and other countries in the Middle East.
  • The company’s products are sold to a wide range of industries, including metal fabrication, pre-engineered building, agriculture equipment, kitchen equipment, machinery manufacturing, automotive, food processing, furniture, HVAC, elevators, steel, etc.
  • During the last three financial years (FY2021, FY2022, FY2023) and the five-month period of April 2023 to August 2023, the company has supplied 1,487 machines to over 1,050 customers in the domestic and export markets of the US, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, Saudi Arabia, and other countries in the Middle East.
  • In FY2023, the company sold 500 machines to over 400 customers. In FY2023, it sold a hydraulic shearing machine to CERN, the European Organisation for Nuclear Research based in Geneva, Switzerland.
  • The company reported revenue from operations of Rs 476.12 cr, Rs 783.52 cr, and Rs 995.63 cr, in FY2021, FY2022 and FY2023 respectively. For the same time periods, it reported Profit after tax (PAT) of Rs. 9.53 cr, Rs. 33.61 cr and Rs. 79.00 cr respectively.
  • The company does not have long-term supply agreements with its customers. If these customers choose not to source their requirements from the company, it may adversely impact their business and results of operations.
  • The company does not have long-term agreements with suppliers for input materials. Any significant disruption in supply chain or costs can adversely impact the company’s business.
  • The company has contingent liabilities worth about Rs. 0.40 crores that have not been provided for in the financial statements.
  • There are outstanding legal proceedings against the company, its directors and promoters. Any adverse decisions could adversely impact the company’s business.
  • The company manufactures the metal forming machines in Sanand, Gujarat. Since this activity is concentrated in this geography, any adverse developments in this region can negatively impact the business.
  • The company has total outstanding debt of Rs 24.21 crores. Any inability to service this debt could impact the company’s ability to borrow further.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular131 - 138₹2 Lakh
High Networth Individual131 - 138₹2 - 5 Lakh
For Energy-Mission IPO, eligible investors can apply as Regular.
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