IPO Details
Bidding Dates
09 May '24 - 13 May '24
Minimum Investment
₹1,38,000 / 1 Lot ( 1,000 Shares )
Price Range
₹131 - ₹138
Maximum Investment
₹1,38,000 / 1 Lot ( 1,000 Shares )
Retail Discount
To be announced
Issue Size
₹41.15 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
May 9, 2024
IPO Closing Date
May 13, 2024
Basis of Allotment
May 14, 2024
Initiation of Refunds
May 15, 2024
Credit of Shares to Demat
May 15, 2024
IPO Listing Date
May 16, 2024
Cut-off time for UPI mandate confirmation
May 13, 2024
About Energy Mission Machineries Ltd
Energy-Mission Machineries (India) Limited, established in 2011, is a leading metal-forming machine manufacturer, serving industries like automotive, steel, furniture, HVAC, agriculture, construction, elevators, food processing, and more. The company offers various products, including press brakes, shearing machines, plate rolling machines, ironworkers, hydraulic presses, and busbar bending, cutting, and punching machines.
From April 2023 to August 2023, Energy-Mission Machineries supplied over 1,487 machines, encompassing more than 600 variations, to 1,050 customers. Their manufacturing facility, located in Sanand, Ahmedabad, covers 18,234 sq. mtrs and is ISO 9001:2015 certified. The company can produce 900 machines annually.
Energy-Mission Machineries has a robust export network, delivering products to the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, and Saudi Arabia. Domestically, it operates across 20 states and 2 Union Territories in India, with significant revenue from Maharashtra, Gujarat, and Karnataka.
As of October 31, 2023, the company employs 253 permanent staff, in addition to contract workers, maintaining a strong workforce to support its extensive operations.
Industry Outlook:
- The Indian machine tool market, valued at $1.4 billion in 2022, is projected to grow at a 9.4% CAGR, reaching $2.5 billion by 2028.
- Dominated by SMEs, some mid-sized manufacturers in the sector achieve annual turnovers between $36-60 million, producing CNC machines, EDMs, presses, and bending machines.
Energy Mission Machineries Ltd IPO Details
Energy Mission Machineries Ltd IPO Dates
Energy Mission Machineries IPO is open from May 9, 2024, to May 13, 2024. The IPO will be listed on NSE Emerge.
Energy Mission Machineries Ltd IPO Price Band
Energy Mission Machineries is a book built issue IPO. The price is set at ₹131 to ₹138 per share.
Energy Mission Machineries Ltd IPO Lot Size
The lot size for Energy Mission Machineries Limited’s IPO is 1,000 shares with a minimum investment of ₹1,38,000.
Energy Mission Machineries Ltd IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat
- Funding of capital expenditure towards the installation of new plant and machinery
- To meet working capital requirements
- General Corporate Purpose
Peer Details
The companies considered by Energy Mission Machineries as its peers include:
- Macpower CNC Machines Limited
- Jyoti CNC Automation Limited
How to Check the Allotment Status of the Energy Mission Machineries Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the Individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Energy Mission Machineries Limited IPO
- Registered office: E-9/3 & E-12 Sanand-II Industrial Area, Bol GIDC Sanand, Bol, Ahmedabad, Gujarat – 382 170, India
- Phone: +91-7984768296
- E-mail:cfo@energymission.com
IPO Financials
| Particulars | For the 5-Month period Ending on August 31, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Revenue from Operations (in ₹ lakh) | 4,929.28 | 9,956.34 | 7,835.27 | 4,761.27 |
| Profit After Tax (PAT) (in ₹ lakh) | 466.29 | 790.01 | 336.17 | 95.33 |
| Cash & Cash Equivalents (in ₹ lakh) | 37.40 | 3.63 | 123.66 | 96.55 |
| Net Worth (in ₹ lakh) | 2,819.31 | 2,353.02 | 1,563.01 | 1,226.84 |
| Debt to Equity Ratio(x) | 0.86 | 0.93 | 1.57 | 1.82 |
| Return on Equity (%) | 18.03% | 40.35% | 24.10% | 7.89% |
| Return on Net Worth (RoNW) (%) | 16.54% | 33.57% | 21.51% | 7.77% |
| Diluted Earning Per Share (EPS)-in absolute ₹ | 5.59 | 9.47 | 4.03 | 1.14 |
Know before investing
Strengths
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Energy Mission Machineries Limited boasts a broad and diversified customer base, with 1487 machines sold to over 1050 customers across more than 20 states and multiple countries.
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The company offers an extensive range of over 600 metal-forming machine variants, with notable revenue contributions from its Hydraulic CNC Press Brake Machine at 63.35% in April-Aug'23.
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Energy Mission operates an in-house manufacturing facility in Sanand, equipped to produce 900 machines yearly, and maintains high standards with ISO 9001:2015 certification.
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Experienced founders lead the management team and possess significant domain knowledge, enabling sustained business growth and capturing emerging market opportunities.
Risks
4-
Energy Mission Machineries Limited dominates its market segment with CNC press brake machines, contributing 67.74% to its revenue in Fiscal 2023, totalling ₹6707.43 lakhs.
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The company has a broad customer base, supplying 1487 machines to over 1050 customers across diverse sectors like automotive and agriculture, enhancing its market reach.
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Despite lacking long-term supply agreements, Energy Mission Machineries successfully manages its input costs, with materials constituting 64.09% of total expenses in the first five months of Fiscal 2023.
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Energy Mission Machineries demonstrates resilience in a competitive market, maintaining a diversified product portfolio that spans press brakes, shearing machines, and more, meeting industry needs effectively.
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Energy Mission Machineries IPO FAQs
Energy Mission Machineries Limited IPO is a book-built IPO. The IPO will be open from May 9, 2024, to May 13, 2024.
The Basis of Allotment will happen on Tuesday, May 14, 2024.
The IPO subscription window will open on May 9, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,000 shares.
The listing date for Energy Mission Machineries is Thursday, May 16, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
