
Engineering & Construction · BSE
H.M. Electro Mech Limited, founded in 2003, is a nationwide infrastructure company that handles complete projects, from supplying and installing pumping equipment to testing and maintaining them. The company mainly works on electrification projects for Indian Railways, banks, and local governments, and has expanded into EPC (Engineering, Procurement, and Construction) projects. These include laying pipelines and building facilities for water supply, such as water treatment plants, pump houses, and power systems. H.M. Electro Mech also partners with other companies for the civil parts of these projects and sells products like pumps, pipes, transformers, and motors. With a strong client base that includes government bodies, banks, and educational institutions, the company operates in several states like Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Punjab, and Chandigarh. As of May 31, 2024, the company employed 26 permanent staff and 28 contract workers.
Price Band
₹71 – ₹75
Issue Size
₹27.74 Cr
Lot Size
1600 shares
GMP
+8.0%
Est. Listing
₹81
at current GMP
Subscribed
93.55x
overall
Open
24 Jan 2025
Close
28 Jan 2025
Allotment
29 Jan 2025
Refund
30 Jan 2025
Demat Credit
31 Jan 2025
Listing
31 Jan 2025
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
29 Jan 2025
Basis finalization
Refunds Initiate
30 Jan 2025
Mandate release
Demat Credit
31 Jan 2025
Shares in demat
Listing Debut
31 Jan 2025
Trading begins
H.M. Electro Mech Limited is bringing an initial public offering (IPO) in the Engineering & Construction sector with an aggregate issue size of ₹27.74 Crores. The shares are offered at a price band of ₹71 to ₹75 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-01-31, while un-allotted funds or UPI block mandates will be released on 2025-01-30.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.