Energy Mission Machineries Limited IPO Details
| Detail | Description |
|---|---|
| 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 | 1,000 Shares |
| Total Issue Size | 29,82,000 shares (aggregating up to ₹ 41.15 Cr) |
| Fresh Issue | 29,82,000 shares (aggregating up to ₹ 41.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 83,44,500 |
| Share holding post issue | 1,13,26,500 |
| Market Maker portion | 1,50,000 shares |
About Energy Mission Machineries Limited IPO
Energy Mission Machineries (India) Ltd. (EMML) is engaged in designing and manufacturing CNC, NC and conventional metal forming machines which caters to the industrial sector requirement for metal fabrication solutions. Its wide spectrum of metal forming machines includes press brake machines, shearing machines, plate rolling machines, ironworkers machines, hydraulic presses and bus bar bending, cutting & punching machines. Through its array of products, the company provides manufacturers with vital precision machines which are required for metal cutting and forming operations. 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. Energy Mission Machineries IPO price band is set at ₹131 to ₹138 per share. The minimum lot size for an application is 1000 Shares. 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. The market maker for Energy Mission Machineries IPO is Hem Finlease.
Objectives of Energy Mission Machineries IPO
The company intend to utilize the proceeds of the net issue to meet the following objectives:
- 1. Funding of capital expenditure towards civil construction work at existing manufacturing units located at Sanand, District Ahmedabad, Gujarat.
- 2. Funding of capital expenditure towards installation of new plant & machinery.
- 3. To meet working capital requirements.
- 4. General Corporate Purpose.
Energy Mission Machineries IPO Review
The company is engaged in designing and manufacturing CNC, NC and conventional metal forming machines. This segment has many players and all of them have different sets of financial performances. This company marked steady growth in its top lines, but boosted profits from FY22 onwards raise eyebrows and concern over its sustainability. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for the medium to long term rewards.
Energy Mission Machineries Limited IPO Financial Information
Latest Revenue
8,399.76
₹ Crore
Profit After Tax
674.80
₹ Crore
Net Worth
3,027.82
₹ Crore
Total Borrowing
2,333.05
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 9,958.11 | 8,399.76 | 674.80 | 3,027.82 | 2,333.05 | ||||
| 31 Mar 2023 | 8,258.65 | 10,066.12 | 790.01 | 2,353.02 | 2,187.82 | ||||
| 31 Mar 2022 | 7,382.45 | 7,906.57 | 336.17 | 1,563.01 | 2,457.23 | ||||
| 31 Mar 2021 | 6,575.72 | 4,834.07 | 95.33 | 1,226.84 | 2,228.59 | ||||
| Amount in ₹ Crore | |||||||||
Energy Mission Machineries Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.08% |
| ROCE | 21.86% |
| Debt/Equity | 0.77 |
| RoNW | 16.54% |
| P/BV | 4.08 |
| PAT Margin (%) | 8.1 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.47 | 9.88 |
| P/E (x) | 14.58 | 13.97 |
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Competitive Strengths
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Energy Mission Machineries Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹138,000 |
| Retail (Max) | 1 | 1000 | ₹138,000 |
| HNI (Min) | 2 | 2,000 | ₹276,000 |