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Energy-Mission Machineries (India) Limited IPO : Key Updates

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.

dhairya@socialcoffee.in