Energy-Mission Machineries (India) Limited IPO is set to launch on 9 May, 2024. The company was incorporated in 2011. It engages in designing and manufacturing CNC, NC and conventional metal forming machines which caters to the industrial sector requirement for metal fabrication solutions. Its product portfolio includes press brake machines, shearing machines, plate rolling machines, ironworkers machines, hydraulic presses and bus bar bending, cutting & punching machines.
It offers over 600 variants of metal forming machines and during the last 3 Fiscals and the nine months’ period ending Dec.’23, the Company has supplied 1657 machines to over 1150 customers. It has sold products in India and several other countries across the globe which include USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, Saudi Arabia and other Middle east countries.
Other Information
The company also provides machinery tools and spare parts such as Die punch, Shearing Blade, Roller Set, Holding Spring, Limit Switch, Foot Switch, Seal Kit, Linear Scale etc. which also aids in addressing after-sales support and services. For Fiscal 2023, the company sold 500 machines to over 400 customers. Its ability to provide a wide range of machines has helped in garnering customers engaged in various sectors such as metal fabrication, pre-engineered building, agriculture, kitchen equipment, machinery manufacturing, automotive, food processing, furniture, HVAC, elevators, steel etc. Further, in F.Y. 2022-23, it has successfully sold hydraulic shearing machines to CERN which is the European Organization for Nuclear Research based in Geneva, Switzerland.
Energy-Mission Machineries (India) Limited : IPO DETAILS
Energy-Mission Machineries (India) Limited IPO is set to launch on 9 May, 2024. The subscription timeline extends till 13 May, 2024. The size for the IPO is Rs. 41.15 Crore. The entire issue is a fresh issue of 29.82 Lakh shares amounting to Rs. 41.15 Crore. The lot size is 1000 shares and the price is Rs. 131 to Rs. 138 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Bigshare Services Private Limited.
Tabular Description of Energy-Mission Machineries (India) Limited IPO
| IPO OPENING DATE | 9 May, 2024 |
| CLOSING DATE FOR IPO | 13 May, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | Rs. 10 per share |
| IPO price band | Rs. 131 to Rs. 138 per share |
| LOT SIZE | 1000 shares |
| MINIMUM ORDER QUANTITY | 1000 shares |
| ISSUE SIZE | Rs. 41.15 Crore |
| OFFER FOR SALE | NIL |
| FRESH ISSUE | Rs. 41.15 Crore |
| LISTING AT | NSE SME Board |
| LISTING DATE | 16 May, 2024 |
Energy-Mission Machineries (India) Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 9 May, 2024 |
| CLOSING DATE FOR IPO | 13 May, 2024 |
| IPO ALLOTMENT DATE | 14 May, 2024 |
| REFUNDS | 15 May, 2024 |
| DEMAT A/C CREDITED ON | 15 May, 2024 |
| IPO LISTING DATE | 16 May, 2024 |
Energy-Mission Machineries (India) Limited IPO begins for subscription from 9 May, 2024. The IPO subscription would continue till 13 May, 2024. The allotment status for the shareholders who applied would come on 14 May, 2024. The refunds for the ones who did not get allotment would be initiated on 15 May, 2024. The DEMAT accounts of shareholders would be credited on 15 May, 2024. The listing of the company would be completed on 16 May, 2024.
Energy-Mission Machineries (India) Limited IPO: Lead Managers
The lead managers are :
- Hem Securities Limited
The minimum and maximum lot size for retail investors is 1000 shares, amounting to Rs. 138000. The minimum lot size for HNI is 2000 shares, amounting to Rs. 276000.
| Shares | Amount | |
| Retail (Minimum) | 1000 shares | Rs. 138000 |
| Retail (Maximum) | 1000 shares | Rs. 138000 |
| HNI (Minimum) | 2000 shares | Rs. 276000 |
OBJECTIVES FOR THE IPO
- 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
COMPANY FINANCIALS
| Particularly (in Rs. Lakhs) | 2020-21 | 2021-22 | 2022-23 | Dec-2023 |
| Asset | 6575.72 | 7382.45 | 8258.65 | 9958.11 |
| Revenue | 4834.07 | 7906.57 | 10066.12 | 8399.76 |
| PAT | 95.33 | 336.17 | 790.01 | 674.80 |
Energy-Mission Machineries (India) Limited had an asset base of Rs. 6575.72 Lakhs in 2021 which increased to Rs. 8258.65 Lakhs in 2023.The asset base of the firm jumped to Rs. 9958.11 Lakhs as on Dec-2023. The revenue for the company was Rs. 4834.07 Lakhs in 2021, which increased to Rs. 10066.12 Lakhs in 2023. The revenue for 9 months ending December 2023 was Rs. 8399.76 Lakhs. The profit of the company increased from Rs. 95.33 Lakhs in 2021 to Rs. 790.01 Lakhs in 2023. The profit generated for the 9 months ending December 2023 was Rs. 674.80 Lakhs.
PROS
- The company is engaged in designing and manufacturing CNC, NC and conventional metal forming machines. This segment has many players and all of them have different set of financial performances. This company marked steady growth in its top lines, but boosted profits from FY22 onwards
- It offers over 600 variants of metal forming machines and during the last 3 Fiscals and the nine months’ period i.e. Apr.’23 to Dec.’23, the Company has supplied 1657 machines to over 1150 customers
- It has sold products in India and several other countries across the globe which include USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, Saudi Arabia and other Middle east countries.
Energy-Mission Machineries (India) Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Energy-Mission Machineries (India) Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
