Energy-Mission Machineries (India) Limited IPO Detail
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.
Company Promoters
Satishkumar Kanjibhai Parmar, Dineshkumar Shankarlal Chaudhary, Sanjay Shantukumar Khankar, Ashokkumar Ramjibhai Panchal and Snehal Narendra MehtaIPO Details
| IPO Opening Date | May 09, 2024 |
| IPO Closing Date | May 13, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹131 - 138 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹41.15 Cr |
| Fresh Issue | ₹41.15 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Tentative Timetable
The Energy-Mission Machineries (India) Limited IPO open date is May 09, 2024, and the close date is May 13, 2024. The issue may list on May 16, 2024.
| IPO Open Date | May 09, 2024 |
| IPO Close Date | May 13, 2024 |
| Basis of Allotment Date | May 14, 2024 |
| Initiation of Refunds | May 15, 2024 |
| Credit of Shares to Demat Account | May 15, 2024 |
| IPO Listing Date | May 16, 2024 |
IPO Lot Size
The Energy-Mission Machineries (India) Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹138000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹138000 |
| Maximum | 1 | 1000 | ₹138000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 6575.72 | 4834.07 | 95.33 |
| 31-Mar-22 | 7382.45 | 7906.57 | 336.17 |
| 31-Mar-23 | 8258.65 | 10066.12 | 790.01 |
| 31-Aug-23 | 9042.31 | 4947.77 | 466.29 |
Objects of the Issue:
The company intend to utilize the proceeds of the net issue to meet the following objects:
- Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat
- Funding of capital expenditure towards installation of new plant & machineries
- To meet working capital requirements
- General Corporate Purpose
Energy-Mission Machineries (India) Limited IPO Registrar:
Bigshare Services Pvt Ltd
Energy-Mission Machineries (India) Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Energy-Mission Machineries (India) Limited
E-9/3 & E-12 Sanand-II Industrial Area
Bol GIDC Sanand
Bol, Ahmedabad– 382 170
