Holmarc Opto-Mechatronics Limited IPO Detail
Incorporated in 1993, Holmarc Opto-Mechatronics Limited manufactures scientific and engineering instruments for research, industry, and education.
The company designs, develops, and manufactures Imaging Instruments, Measuring Instruments, Spectroscopy, Analytical Instruments, Lab Instruments, Physics Lab Instruments, Breadboard/Table Tops, Opto-mechanics, Optics, Linear & Rotation Stages, Motorized Linear & Rotation Stages, Industrial Automation, etc.
The company also manufactures a variety of import substitute products for the Indian market which are also exported. Products that come under this category are Quantum Efficiency Measurement Stations for solar cells, UV Laser Marking Stations for photo-lithography, Automated Rotary Antenna Positioners, Spectroscopic Ellipsometer for thin film measurements, UV Ozone Cleaner, Spectroscopic Reflectometer, Photo Detector Measurement System, Raman Spectrometer, etc.
Holmarc has developed over 800 products with standard specifications which includes customized products as well.
Holmarc's manufacturing unit is located at Ernakulam, Kerala, spread over approx. 29,984 sq. ft. The company recorded Rs. 2,903.67 Lacs, Rs. 2,102.34 Lacs, and Rs. 1,553.06 Lacs in revenue from operations in 2023, 2022, and 2021 respectively.
Company Promoters
Mr. Jolly Cyriac and Mr. Ishach Sainuddin are the promoters of the company.IPO Details
| IPO Opening Date | Sep 15, 2023 |
| IPO Closing Date | Sep 20, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹11.40 Cr |
| Fresh Issue | 2,850,000 shares (aggregating up to ₹11.40 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.36x | 2.48x | 1.42x | |
| Day 2 | - | - | 2.72x | 14.04x | 8.39x | |
| Day 3 | - | - | 93.27x | 75.78x | 85.81x |
IPO Tentative Timetable
The Holmarc Opto-Mechatronics Limited IPO open date is Sep 15, 2023, and the close date is Sep 20, 2023. The issue may list on Sep 28, 2023.
| IPO Open Date | Sep 15, 2023 |
| IPO Close Date | Sep 20, 2023 |
| Basis of Allotment Date | Sep 25, 2023 |
| Initiation of Refunds | Sep 26, 2023 |
| Credit of Shares to Demat Account | Sep 27, 2023 |
| IPO Listing Date | Sep 28, 2023 |
IPO Lot Size
The Holmarc Opto-Mechatronics Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹120000 |
| Maximum | 1 | 3000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 87.30% |
| Post Issue Share Holding | 62.54% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 1467.32 | 2117.84 | 155.19 |
| 31-Mar-23 | 1658.86 | 2918.44 | 356.14 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding Capital Expenditure towards Purchase of Additional Plant & Machinery.
- To meet the Working Capital Requirements.
- To meet the Issue Expenses.
- General Corporate Purposes.
Holmarc Opto-Mechatronics Limited IPO Registrar:
Cameo Corporate Services Limited
Holmarc Opto-Mechatronics Limited IPO Lead Manager(s):
Finshore Management Services Limited
Company Contact Information:
Holmarc Opto-Mechatronics Limited
Building No. 11/490, B-7, HMT Industrial Estate, Kalamassery, Kanayanoor Taluk
Ernakulam
Ernakulam
