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 opens for subscription on May 9, 2024 and closes on May 13, 2024. The allotment for the Energy Mission Machineries IPO is expected to be finalized on Tuesday, May 14, 2024. Energy Mission Machineries IPO will list on NSE SME with tentative listing date fixed as Thursday, 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.
Refer to Energy Mission Machineries IPO DRHP for detailed information.
Energy Mission Machineries IPO Details
| IPO Date | May 9, 2024 to May 13, 2024 |
| Listing Date | [.] |
| 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 |
Energy Mission Machineries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not More than 50% of the Net Issue |
| Retail Shares Offered | Not Less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not Less than 15% of the Net Issue |
Energy Mission Machineries IPO Timeline (Tentative Schedule)
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 |
Energy Mission Machineries IPO Lot Size
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 | |||
Energy Mission Machineries IPO Promoter Holding
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 |
About Energy-Mission Machineries (India) Limited
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 Financial Information (Restated)
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 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,042.31 | 8,258.65 | 7,382.45 | 6,575.72 |
| Revenue | 4,947.77 | 10,066.12 | 7,906.57 | 4,834.07 |
| Profit After Tax | 466.29 | 790.01 | 336.17 | 95.33 |
| Net Worth | 2,819.31 | 2,353.02 | 1,563.01 | 1,226.84 |
| Reserves and Surplus | 1,984.86 | 2,074.87 | 1,284.86 | 948.69 |
| Total Borrowing | 2,421.27 | 2,187.82 | 2,457.23 | 2,228.59 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Energy Mission Machineries IPO is Rs 156.31 Cr.
KPI as of August 31, 2023.
| KPI | Values |
|---|---|
| ROE | 18.03% |
| ROCE | 14.25% |
| Debt/Equity | 0.86 |
| RoNW | 16.54% |
| P/BV | 4.08 |
| PAT Margin (%) | 9.46 |
Check Energy Mission Machineries IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.47 | 9.88 |
| P/E (x) | 14.58 | 13.97 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of August 31, 2023 that is available in RHP.
Objects of the Issue (Energy Mission Machineries IPO Objectives)
The company intend to utilize the proceeds of the net issue to meet the following objects:
- Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat
- Funding of capital expenditure towards installation of new plant & machineries
- To meet working capital requirements
- General Corporate Purpose
Energy-Mission Machineries (India) Limited Contact Details
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/
Energy Mission Machineries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/ipo_status.html