ENERGY MISSION MACHINERIES (NSE SME)
May 9, 2024 - May 13, 2024
| Price | ₹131 - ₹138 |
| Premium | ₹130 |
|---|---|
| Lot size | 1000 |
| Allotment | May 14, 2024 |
| Listing | May 16, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 138000 | 992 |
| HNI | 2 | 2000 | 276000 | 425 |
Last updated on 13-May-2024 17:02:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 566000 | 91644000 | 161.92 |
| NIB | 425000 | 257266000 | 605.33 |
| RETAIL | 992000 | 285589000 | 287.89 |
| Total | 1983000 | 634499000 | 319.97 |
| Retail Apps | 285589 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹112.14 | @8% ₹128.16 | @9% ₹144.18 | @10% ₹160.21 | @11% ₹176.23 | @12% ₹192.25 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| Bengal Finance & Investment Pvt. Ltd. | 254000 | 29.92% | 3.51 |
| Meru Investment Fund PCC-Cell 1 | 254000 | 29.92% | 3.51 |
| AG Dynamic Funds Limited | 195000 | 22.97% | 2.69 |
| Knightstone Capital LLP | 73000 | 8.60% | 1.01 |
| Negen Undiscovered Value Fund | 73000 | 8.60% | 1.01 |
| Total | 849000 | 100.00% | 11.72 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.27% | 992000 |
| NII (HNI) | 14.25% | 425000 |
| Anchor | 28.47% | 849000 |
| QIB | 18.98% | 566000 |
| Market Maker | 5.03% | 150000 |
| Total | 100.00% | 2982000 |
Established in 2011, Energy-Mission Machineries (India) Limited is a leading manufacturer specializing in precision metal forming machines for diverse industrial applications. Catering to sectors including automotive, steel, furniture, HVAC, agriculture, construction, elevators, and food processing, among others, the company offers an extensive product line comprising press brakes, shearing, plate rolling, ironworkers, hydraulic presses, and busbar bending, cutting, and punching machines. Over the past three fiscal years and five months, from April 2023 to August 2023, Energy-Mission Machineries has supplied over 1,487 metal forming machines, serving more than 1,050 customers, with over 600 variations. Situated in Sanand, Ahmedabad, the company's manufacturing facility sprawls across 18,234 square meters and is ISO 9001:2015 certified as of August 31, 2023. Boasting a production capacity of 900 machines annually, the company distributes its products across 20 states and 2 Union Territories in India, with significant revenue streams from Maharashtra, Gujarat, and Karnataka. As of October 31, 2023, Energy-Mission Machineries employed 253 permanent staff on a consolidated basis, supplemented by additional contract-based personnel.
IPO Details
| Issue Size | 2,982,000 shares (aggregating up to 41.15 Cr) |
| Fresh Issue | 2,982,000 shares (aggregating up to 41.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,344,500 |
| Share holding post issue | 11,326,500 |
| Market Maker portion | 150,000 shares Hem Finlease |
Key Performance Indicators
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 25.08% | 40.35% | 24.10% |
| ROCE | 21.86% | 28.08% | 17.15% |
| RONW | 22.29% | 33.57% | 21.51% |
| D/E | 0.77 | 0.93 | 1.57 |
| EPS (basic & Diluted) | 8.09 | 9.47 | 4.03 |
| P/BV | 4.08 | ||
| P/E Pre IPO | 14.58 |
Financial Statement (Restated)
| Period | Dec-23 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Assets | 9,958.11 | 8,258.65 | 7,382.45 | 6,575.72 |
| Revenue | 8,399.76 | 10,066.12 | 7,906.57 | 4,834.07 |
| Profit After Tax | 674.80 | 790.01 | 336.17 | 95.33 |
| Net Worth | 3,027.82 | 2,353.02 | 1,563.01 | 1,226.84 |
| Reserves and Surplus | 2,193.37 | 2,074.87 | 1,284.86 | 948.69 |
| Total Borrowing | 2,333.05 | 2,187.82 | 2,457.23 | 2,228.59 |
| Amount in Lakhs | ||||
Strength Factors
Diversified Customer Base: Energy-Mission Machineries boasts a well-diversified customer base spanning multiple industries and geographic regions. This broad market reach mitigates dependency risks and enhances the company's resilience to sector-specific fluctuations, providing a stable revenue stream.
Varied Product Range: With a comprehensive range of metal forming machines catering to diverse customer needs, Energy-Mission Machineries effectively appeals to a broad spectrum of clients. This versatility not only expands market opportunities but also strengthens customer loyalty by offering tailored solutions to different industrial requirements.
In-House Manufacturing Facility: The Company’s in-house manufacturing facility provides a strategic advantage, allowing for greater control over production processes, quality assurance, and cost management. By leveraging internal capabilities, Energy-Mission Machineries ensures timely delivery, customization options, and operational efficiency, contributing to its competitive edge in the market.
Risk Factors
Dependency on Rental Agreement: Energy-Mission Machineries faces the risk of business disruption or operational constraints in the event of non-renewal of rent agreements or disputes regarding the use of administrative premises. Such uncertainties could adversely impact business continuity and operational efficiency.
Reliance on Third-Party Logistics: The Company’s reliance on third-party logistics service providers for transportation of raw materials and finished products poses a significant risk. Any disruptions or inefficiencies in logistics operations could lead to delays in production, increased costs, and potential customer dissatisfaction, thereby impacting overall business performance.
High Indebtedness: Energy-Mission Machineries' significant indebtedness exposes the company to various financial risks that could adversely affect its business and operational results. High debt levels may lead to increased interest payments, financial strain, and limitations on investment and expansion opportunities, potentially impeding the company's growth prospects and financial stability.
Hem Securities Pvt Ltd
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Website: https://ipo.bigshareonline.com/ipo_status.html