H M Electro Mech Ltd

HM Electro Mech Limited IPO

H M Electro Mech Ltd

₹1,13,600 /1600 sharesMinimum investment

IPO details

Minimum investment
₹1,13,600
Price range
₹71 - ₹75
Lot size
1,600
Issue size
27.74 Cr
Face value
10
IPO document

Subscription rate

Qualified Institutional Buyers17.96x
Non-Institutional Investor183.45x
Retail Individual Investor89.20x
Total59.27x
As of 28 Jan'25, 05:00 PM

Schedule

24 Jan 2025
IPO open date
28 Jan 2025
IPO close date
29 Jan 2025
Allotment date
29 Jan 2025
Funds unblock or debit
31 Jan 2025
Tentative listing date

About

H M Electro Mech Limited is engaged in engineering and construction projects, with a focus on turnkey solutions for water supply and wastewater treatment. The company's services include the supply, installation, testing, and commissioning of pumping machinery and related equipment. The company undertakes various projects, such as constructing water treatment plants, pump houses, RCC sumps, cross-country pipelines, and civil works under government initiatives like the “Nal Se Jal” scheme. It is also involved in electrification projects, including railway electrification, smart metering, and power supply arrangements. H.M. Electro Mech is also an authorised dealer for WILO Mather and Platt Pumps Pvt. Ltd., offering pumps and related products. With its registered office in Gujarat, the company manages projects across India. Projects are secured primarily through competitive tender bidding processes.;
Founded in
2003
MD/CEO
Mr Dipak Padmakant Pandya
Parent organisation
H M Electro Mech Ltd

HM Electro Mech Limited Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
61.84101117202220232024

Strengths & Risks

Strengths
Risks
H.M. Electro Mech claims to have strong partnerships with leading manufacturers and original equipment manufacturers (OEMs), enabling it to procure materials and equipment at competitive prices and ensure timely delivery for projects.
As of September 30, 2024, the company claims to have 37 ongoing projects, valued at Rs 410.34 crore, which include engineering, procurement and construction (EPC) and operations and maintenance (O&M) components. The company has completed 16 projects since its incorporation in 2018.
The company is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 certified for environmental management systems and ISO 45001:2018 certified for occupational health and safety management systems.
The company claims to maintain a high employee retention ratio. This continuity minimises disruptions and ensures consistent project execution.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 61.84 crore in FY22 to Rs 101.49 crore in FY23 to Rs 117.03 crore in FY24, while PAT increased from Rs 2.58 crore in FY22 to Rs 6.01 crore in FY23 to Rs 8.19 crore in FY24.
H.M. Electro Mech’s revenue is concentrated in Gujarat and Rajasthan. Gujarat contributed Rs 38.33 crore (84.44%) for the period ending September 30, 2024 and Rs 97.67 crore (83.46%), Rs 79.64 crore (78.47%) and Rs 46.89 crore (75.83%) in FY24, FY23, and FY22, respectively, to the revenue from operations. Rajasthan contributed Rs 3.08 crore (6.79%) for the period ending September 30, 2024, Rs 17.79 crore (15.20%), Rs 14.27 crore (14.06%) and Rs 4.23 crore (6.83%) to the revenue from operations in FY24, FY23, and FY22, respectively. Any adverse political, social, or economic developments in these regions could negatively impact the company’s operations and financial performance.
The company and its promoters are involved in ongoing legal proceedings. Any adverse judgment in any of these cases can harm the company's reputation.
The company’s revenue is dependent on the sale of the products and services to a few customers. The top 10 customers of H.M. Electro Mech contributed 93.00%, 75.05%, 82.47%, and 76.36% to the company’s revenue from operations in the periods ending September 30, 2024, FY24, FY23, and FY22, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
As of September 2024, the company has contingent liabilities of Rs 8.04 crore. If these liabilities materialise they could adversely affect the company’s financial position.
As of September 30, 2024, H.M. Electro Mech had outstanding financial indebtedness of Rs 7.33 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.

Application details

For HM Electro Mech Limited IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹71 - ₹75₹2 - ₹5 Lakhs1600
High Networth Individual₹71 - ₹75₹2 - ₹5 Lakhs1600

Frequently Asked Questions