Energy Mission Machineries IPO will open for subscription from 09 May 2024. The company aims for an issue size of ₹41.15 Cr through this IPO.
Company Overview
| Full name | Energy Mission Machineries Limited |
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipments |
| Company Website | https://www.energymission.com/ |
About Company
Incorporated in 2011, Energy Mission Machineries (India) designs and manufactures CNC, NC, and conventional metal forming machines that cater to the industrial sector’s need for metal fabrication solutions. The company’s range of metal forming machines includes press brake machines, shearing machines, plate rolling machines, ironworker machines, hydraulic presses, and busbar bending, cutting, and punching machines. The company’s machines are used across various industries, including automotive, steel, pre-engineered buildings, furniture, HVAC, agricultural equipment, road construction equipment, elevators, food processing machinery, metalworking workshops, etc.
From April 2023 to August 2023, the company provided over 1,487 metal-forming machines to more than 1,050 customers. These machines included over 600 variations and were supplied during the last three fiscal years and the five months of the current fiscal year. As of 31 August 2023, the company has the capacity to produce 900 machines per year.
Energy Mission Machineries (India) has sold its products to customers in over 20 states and 2 union territories in India. Additionally, the company has exported its products to several countries worldwide, including the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, Saudi Arabia, and other countries in the Middle East.
The Objectives of the Issue
- Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat
- Funding of capital expenditure towards the installation of new plant & machinery
- To meet working capital requirements
- General Corporate Purpose
Energy Mission Machineries IPO Timetable
| IPO Opening date | 09 May 2024 |
| IPO Closing | 13 May 2024 |
| Basis of Allotment | 14 May 2024 |
| Initiation Refund | 15 May 2024 |
| Credit to Demat Account | 15 May 2024 |
| Listing Date | 16 May 2024 |
Energy Mission Machineries IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹41.15 Cr – 2,982,000 shares |
| Fresh Issue | ₹41.15 Cr – 2,982,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹131 to ₹138 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 150,000 shares |
| Shareholding pre-issue | 8,344,500 |
| Shareholding post-issue | 11,326,500 |
| Listing Exchange | NSE SME |
Energy Mission Machineries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹138,000 |
| Retail (Max) | 1 | 1000 | ₹138,000 |
| HNI (Min) | 2 | 2,000 | ₹276,000 |
IPO Documents
Energy Mission Machineries IPO Reservation Details
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 47.61 | 78.35 | 99.56 | 83.28 |
| Expenses | 47.36 | 74.55 | 90.55 | 74.31 |
| Net income | 0.95 | 3.36 | 7.90 | 6.75 |
Energy Mission Machineries Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.14 | 4.03 | 9.47 |
| PE ratio | – | – | 13.83 – 14.57 |
| RONW (%) | 7.77 | 21.51 | 33.57 |
| NAV | 14.70 | 18.73 | 28.20 |
| ROCE (%) | 10.12 | 17.15 | 28.08 |
| EBITDA (%) | 9.47 | 10.16 | 13.67 |
| Debt/Equity | 1.82 | 1.57 | 0.93 |
Company Promoters
- Satishkumar Kanjibhai Parmar
- Dineshkumar Shankarlal Chaudhary
- Sanjay Shantukumar Khankar
- Ashokkumar Ramjibhai Panchal
- Snehal Narendra Mehta
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Energy Mission Machineries IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 5,66,000 | 4,25,000 | 9,92,000 | 19,83,000 |
| 13 May 2024 | 161.92 | 605.33 | 287.89 | 319.97 |
| 10 May 2024 | 2.62 | 16.17 | 34.42 | 21.43 |
| 9 May 2024 | 2.51 | 4.86 | 10.44 | 6.98 |
GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 15 May 2024 | 135 | – | 1,05,000 |
| 14 May 2024 | 135 | – | 1,04,000 |
| 13 May 2024 | 135 | – | 1,04,000 |
| 11 May 2024 | 125 | – | 96,700 |
| 10 May 2024 | 105 | – | 70,000 |
| 9 May 2024 | 90 | – | 68,500 |
| 8 May 2024 | 80 | – | 62,000 |
| 7 May 2024 | 60 | – | 40,000 |
| 6 May 2024 | 60 | – | 40,000 |
| 4 May 2024 | 60 | – | 45,000 |
Energy Mission Machineries IPO Allotment Status
Energy Mission Machineries IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing Details
| Listing Date | 16 May 2024 |
| BSE Scrip Code | – |
| NSE Symbol | EMMIL |
| ISIN | INE0S1L01013 |
| Final Issue Price | ₹138 per share |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹138.00 |
| Open | ₹366.00 |
| Low | ₹350.30 |
| High | ₹384.30 |
| Last Trade | ₹384.25 |
Energy Mission Machineries IPO Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Energy Mission Machineries Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Energy Mission Machineries Contact Details
ENERGY-MISSION MACHINERIES (INDIA) LIMITED
E-9/3 & E-12 Sanand-II Industrial Area,
Bol GIDC Sanand, Bol, Ahmedabad, Gujarat – 382 170
Phone: +91-7984768296
E-mail: cfo@energymission.com
Website: www.energymission.com
Energy Mission Machineries IPO FAQs
What is the Energy Mission Machineries (India) IPO size?
Energy Mission Machineries’ offer size is ₹39.06 – ₹41.15 crores.
What is the Energy Mission Machineries offer price band?
Energy Mission Machineries’ public offer price is ₹131 – ₹138 per share.
What is the lot size of the Energy Mission Machineries Offer?
Energy Mission Machineries offer lot size is 1,000 shares.
What is Energy Mission Machineries GMP today?
Energy Mission Machineries IPO GMP today is ₹135 per share.
What is the Energy Mission Machineries kostak rate today?
Energy Mission Machineries kostak rate today is ₹NA per application.
What is Energy Mission Machineries Subject to the Sauda rate today?
Energy Mission Machineries is Subject to the Sauda rate today is ₹1,05,000 per application.
Final thoughts
Energy Mission Machineries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
