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.
IPO Size: 2,982,000 shares (41.15 Cr) Fresh Issue: 2,982,000 shares (41.15 Cr) Subscription Dates: May 9, 2024 to May 13, 2024 Expected Allotment: Tuesday, May 14, 2024 Listing Date (Tentative): May 16, 2024 Retail Investors: ₹.138,000 (1000 shares) HNI : ₹.276,000(2 lots, 2000 shares)
| IPO Date | May 9, 2024 to May 13, 2024 |
| Listing Date | May 16, 2024 |
| Face Value | ₹10 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,982,000 shares (aggregating up to ₹41.15 Cr) |
| Fresh Issue | 2,982,000 (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 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 1,043,700 (35%) |
| Total Shares Offered | 2,982,000 (100%) |
Energy-Mission Machineries India Limited IPO raises ₹ crore from anchor investors. Energy-Mission Machineries India Limited IPO Anchor bid date is January 1, 1970. Energy-Mission Machineries India Limited IPO Anchor Investors list
| GMP Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 06-05-2024 | ₹138 | ₹55 | ₹193 (39.86%) | 06-05-2024 12:05 |
| 05-05-2024 | ₹138 | ₹45 | ₹183 (32.61%) | 05-05-2024 12:05 |
| 04-05-2024 | ₹138 | ₹45 | ₹183 (32.61%) | 04-05-2024 12:05 |
| 03-05-2024 | ₹138 | ₹50 | ₹188 (36.23%) | 03-05-2024 12:05 |
Energy-Mission Machineries India Limited 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 | 05:00 pm, May 13, 2024 |
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 | 2000 | ₹ 276,000 |
| Lot Size Calculator | |||
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% |
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.
The company intend to utilize the proceeds of the net issue to meet the following objects:
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Website: https://ipo.bigshareonline.com/ipo_status.html
| Listing Date | May 16, 2024 |
| Final Issue Price | ₹ 138 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 138 | ₹ 138 |
Energy-Mission Machineries India Limited IPO is a main-board FPO of 2,982,000 equity shares of the face value of ₹ 10 aggregating up to ₹ 41.15 Crores. The issue is priced at . The minimum order quantity is 1000 Shares.
The Energy-Mission Machineries India Limited IPO opens on May 9, 2024 and closes on May 13, 2024.
Retail Investors: ₹.138,000 (1000 shares) Small HNI : ₹.276,000(2 lots, 2000 shares) Big HNI : ₹.1,104,000(8 lots, 8000 shares)
The finalization of Basis of Allotment for Energy-Mission Machineries India Limited IPO will be done on Tuesday, May 14, 2024, and the allotted shares will be credited to your demat account by Wednesday, May 15, 2024. Check the Energy-Mission Machineries India Limited IPO allotment status.