
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
Overall Subscription
93.55x
Total Demand
QIB Multiplier
17.96x
Institutions & Funds
NII / HNI
184.34x
High Net-Worth
Retail (RII)
97.73x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 702,400 | 12,617,600 | 17.96x |
| NIB | 528,000 | 97,332,800 | 184.34x |
| RETAIL | 1,230,400 | 120,248,000 | 97.73x |
| Total | 2,460,800 | 230,198,400 | 93.55x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 809 | 79,064 | 97.73x |
| HNIs (10L +) | 5 | 922 | 184.34x |
| HNIs (2-10L) | 25 | 4,609 | 184.34x |
| Total Applications | 839 | 84,595 | 100.83x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for H.M. Electro Mech Limited IPO is ₹6 per equity share. Based on the upper price band of ₹71 to ₹75 per equity share, the estimated listing price is ₹81 (+8.0% expected listing gain).
With a lot size of 1600 shares and current GMP of ₹6, the expected profit per application lot is approx ₹9,600 (+8.0% gain). Minimum application cost is approx ₹1,20,000.
The H.M. Electro Mech Limited IPO aggregate issue size is ₹27.74 Crores with an equity price band set at ₹71 to ₹75 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,20,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 93.55x (Retail: 97.73x, QIB: 17.96x, NII: 184.34x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2025-01-29. Investors can verify status using PAN card or application number.
H.M. Electro Mech Limited shares are scheduled to list on BSE on 2025-01-31.