
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
Last updated: 25 Nov 2025
Current Premium
Issue Price (Upper)
₹75
Band: ₹71 – ₹75
Estimated Listing Price
₹81
Upper price + GMP
Lot Size
1600 shares
Min investment ₹1,20,000
Estimated Profit / Lot
₹9,600
1600 × ₹6
Grey Market Premium trend
+₹6
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹6 | 8.0% | ₹81 |
| 30 Oct 2026 | +₹6 | 8.0% | ₹81 |
| 29 Oct 2026 | +₹5 | 7.2% | ₹80 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
The latest grey market premium for H.M. Electro Mech Limited IPO is ₹6, which indicates an expected listing price of ₹81.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.