H.M. Electro Mech Limited IPO
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H.M. Electro Mech Limited, originally established in 2003 as a partnership firm under the name M/s H.M. Engineers, transitioned into a public limited company on April 24, 2018. The company has since evolved from its initial focus on electromechanical contracts for water supply and wastewater treatment projects to becoming a key player in the infrastructure, electrification, and EPC (Engineering, Procurement, and Construction) domains.
Core Business and Services
The company is engaged in:
- Turnkey Projects: Supply, installation, testing, and commissioning of pumping machinery, along with comprehensive operation and maintenance.
- EPC Projects: Includes cross-country pipeline construction, civil works for water supply projects, water treatment plant (WTP) construction, and related infrastructure like pump houses, diesel generating sets, and PLC-SCADA systems.
- Electrification Projects: Servicing Indian Railways, nationalized banks, and municipal corporations.
- Product Sales: Offers a range of products, including pumps, pipes, transformers, motors, and electronic accessories.
Strategic Collaborations
The company collaborates with other firms through joint ventures to execute civil works for large-scale EPC projects, ensuring high-quality deliverables and timely execution.
Achievements and Project Portfolio
- Completed Projects: Since 2018, the company has completed 16 projects with a total value of ₹13,209.82 lakhs.
- Ongoing Projects: Currently engaged in 37 projects valued at ₹41,034.41 lakhs, with ₹22,732.05 lakhs of revenue recognized by September 30, 2024.
- Clientele: Includes state and central government entities, municipal corporations, banks, and educational institutions.
Geographical Reach and Market Presence
- The company is headquartered in Gujarat, contributing to 84% of total revenue for the fiscal year ending March 31, 2024.
- Projects span across multiple regions, including Rajasthan, Maharashtra, Madhya Pradesh, Punjab, and Chandigarh, leveraging its expertise to cater to diverse geographies.
Objects of the H.M. Electro Mech Limited IPO:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirements
2. General Corporate Purposes
H.M. Electro Mech Limited IPO Details:
| Open Date: | Jan 24 2025 |
| Close Date: | Jan 28 2025 |
| Total Shares: | 1,36,99,200 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Size: | 27.74 Cr. |
| Lot Size: | 1600 Shares |
| Issue Price: | ₹ 71 to ₹75 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Jan 31 2025 |
Promoters And Management:
Dipak Padmakant Pandya aged 61 years, is the Chairman and Managing Director and Promoter of our Company. He holds degree of Bachelor of Engineering in Mechanical from Sardar Patel University, Gujarat. He is having more than 20 years of experience in electro-mechanical Instrumentation. He looks Projects, Operations & Maintenance and HR department of the company.
Mahendra Ramabhai Patel, aged 57 years, is Whole Time Director and Promoter of our Company. He has completed his secondary examination from Gujarat Secondary Education Board in year 1982. He is having more than 20 years of experience in electro-mechanical Instrumentation. He looks Overall Tendering, Designing & Engineering and Procurement department of the company.
Mita Dipak Pandya, aged 59 years, is the Whole Time Director of our Company. She holds degree of Bachelor of Science degree in Home Science from Sardar Patel University in year 1986. She is having more than 15 years of experience in office management work.
Financials of H.M. Electro Mech Limited IPO:
To be Updated shortly.
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