IPO Issue Details
Issue Price / Price Band₹138 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size29,82,000 shares (aggregating up to ₹41.15 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 09 May 2024
Subscription CloseMon, 13 May 2024
Anchor AllotmentWed, 08 May 2024
Basis of AllotmentTue, 14 May 2024
Initiation of RefundsWed, 15 May 2024
Credit of Shares to DematWed, 15 May 2024
Listing DateThu, 16 May 2024
UPI Mandate Deadline2024-05-13
Application & Investment Details
Retail — Min (1 Lots)₹1,38,000 — 1,000 shares
Retail — Max (13 Lots)₹1,794,000 (13 Lots)
HNI — Min (2 Lots)₹2,76,000 — 2,000 shares
EPS (Pre-IPO)₹9.47
EPS (Post-IPO)₹9.88
P/E Ratio (Pre-IPO)14.58x
P/E Ratio (Post-IPO)13.97x
Net Offer to Public28,32,000 shares (aggregating up to ₹39.08 Cr)
Reserved for Market Maker1,50,000 shares (aggregating up to ₹2.07 Cr)
Pre-IPO Promoter Holding83,44,500 shares
Post-IPO Promoter Holding1,13,26,500 shares
About Energy-Mission Machineries (India) Ltd.
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.
Objects of the Issue
Energy-Mission Machineries (India) Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat
2
Funding of capital expenditure towards installation of new plant & machineries
3
To meet working capital requirements
4
General Corporate Purpose
Shareholding & Lock-in
Pre-IPO Promoter Holding
83,44,500 shares
Post-IPO Promoter Holding
1,13,26,500 shares