What you must know about Energy-Mission Machineries IPO?
by 5paisa Research Team
02 May 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 16-May-24
- IPO Price Range ₹ 131 to ₹ 138
- Listing Price ₹ 366
- Listing Change -
- Last Traded Price ₹ 413.6
- Current Change -
Energy-Mission IPO Details
- Open Date 09-May-24
- Close Date 13-May-24
- Lot Size 1000
- IPO Size ₹ 39.06 - 41.15 Cr
- IPO Price Range ₹ 131 to ₹ 138
- Min Investment ₹ 131000
- Listing Exchange NSE SME
- Basis of Allotment 14-May-24
- Refunds 15-May-24
- Credit to Demat Account 15-May-24
- Listing Date 16-May-24
Energy-Mission Machineries (India) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 09-May-24 | 2.51 | 4.90 | 10.79 | 7.17 |
| 10-May-24 | 2.62 | 15.95 | 35.08 | 21.71 |
| 13-May-24 | 161.92 | 604.98 | 287.89 | 319.89 |
Energy-Mission IPO Synopsis
Last Updated: 13th May, 2024 by 5paisa
Energy-Mission Machineries IPO is all set to open from 9th May to 13th May 2024. The company is engaged in designing and manufacturing CNC, NC and conventional metal forming machines. The IPO includes a fresh issue of 2,982,000 shares worth ₹41.15 cr. The share allotment date is 14th May 2024, and the IPO will be listed on 16th May 2024 on the stock exchanges. The price band is ₹131 to ₹138 and the lot size is 1000 shares.
Hem Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Energy-Mission Machineries IPO
Energy-Mission Machineries Limited plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure requirements for civil construction work at the current manufacturing facility in Sanand, Gujarat.
● To fund the capital expenditure requirements for the installation of new plant & machinery
● To fund the capital capital requirements.
● General Corporate Purposes.
About Energy-Mission Machineries (India)
Established in 2011, Energy-Mission Machineries is engaged in designing and manufacturing CNC, NC and conventional metal forming machines. The company’s metal forming machines include press brake machines, shearing machines, plate rolling machines, iron workers machines, hydraulic presses and busbar bending, cutting & punching machines.
The company’s machines are used in various industries like automotive, steel, pre-engineered building, furniture, HVAC, agricultural equipment, road construction equipment, elevators, food processing machinery, metalworking workshops and many others. In addition to India, the company exports its products to the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, Saudi Arabia and other Middle Eastern countries.
Energy-Mission Machineries’ manufacturing unit is based in Sanand, Gujarat. As of FY2023, it had sold more than 500 machines to 400+ customers.
Peer Comparison
● Macpower CNC Machines Limited
● Jyoti CNC Automation Limited
For More Information:
Webstory on Energy-Mission Machineries IPO
Energy-Mission Machineries (India) Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 99.56 | 78.35 | 47.61 |
| EBITDA | 13.60 | 7.95 | 4.50 |
| PAT | 7.90 | 3.36 | 0.95 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 82.58 | 73.82 | 65.75 |
| Share Capital | 2.78 | 2.78 | 2.78 |
| Total Borrowings | 59.05 | 58.19 | 53.48 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 5.50 | 2.94 | 2.02 |
| Net cash from / (used in) investing activities | -0.98 | -2.65 | -1.79 |
| Net cash flow from / (used in) financing activities | -5.73 | -0.012 | -0.38 |
| Net increase (decrease) in cash and cash equivalents | -1.20 | 0.27 | -0.16 |
Energy-Mission IPO Key Points
-
Strengths
1. The company has a well-diversified customer base spread across various industries and geography.
2. It offers over 600 variants of metal forming machines.
3. The company has an in-house manufacturing facility.
4. It has ISO 9001:2015 certification for high quality.
5. Experienced Promoters and management team.
-
Risks
1. The company operates in a highly competitive industry.
2. The business is dependent on the performance of the Application Industries.
3. Exposed to foreign currency fluctuation risks.
4. High working capital requirements.
5. It has reported negative cash flows in the past.
Energy-Mission
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Energy-Mission IPO FAQs
When does Energy-Mission Machineries IPO opens and closes?
Energy-Mission Machineries IPO opens from 9th May to 13th May 2024.
What is the size of Energy-Mission Machineries IPO?
The size of Energy-Mission Machineries IPO is ₹41.15 cr.
How to apply for Energy-Mission Machineries IPO?
To apply for Energy-Mission Machineries IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Energy-Mission IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Energy-Mission Machineries IPO?
The price band of Energy-Mission Machineries IPO is fixed at ₹131 to ₹138 per share.
What is the minimum lot size and investment required for Energy-Mission Machineries IPO?
The minimum lot size of Energy-Mission Machineries IPO is 1000 shares and the investment required is ₹1,31,000.
What is the allotment date of Energy-Mission Machineries IPO?
The share allotment date of Energy-Mission Machineries IPO is 14th May 2024.
What is Energy-Mission Machineries IPO listing date?
The Energy-Mission Machineries IPO will be listed on 16th May 2024.
Who are the book runners for Energy-Mission Machineries IPO?
Hem Securities Limited is the book-running lead manager for Energy-Mission Machineries IPO.
What is the objective of the Energy-Mission Machineries IPO?
Energy-Mission Machineries plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure requirements for civil construction work at the current manufacturing facility in Sanand, Gujarat.
● To fund the capital expenditure requirements for the installation of new plant & machinery
● To fund the capital capital requirements.
● General Corporate Purposes.
Contact Details of Energy-Mission Machineries (India) IPO
Contact Information
Energy-Mission Machineries (India) Limited
E-9/3 & E-12 Sanand-II Industrial Area
Bol GIDC Sanand
Bol, Ahmedabad– 382 170
Phone: +91-7984768296
Email: cfo@energymission.com
Website: https://www.energymission.com/
Energy-Mission Machineries (India) IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/ipo_status.html
Energy-Mission Machineries (India) IPO Lead Manager
Hem Securities Limited
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