The H.M. Electro Mech IPO is a fresh issue of 36.99 lakh shares, aiming to raise ₹27.74 crores. This book-built issue provides investors with an opportunity to participate in the growth of a promising company in the electro-mechanical sector.

Key Dates

• Subscription Period: Opens on January 24, 2025, and closes on January 28, 2025.
• Allotment Finalization: Expected on Wednesday, January 29, 2025.
• Tentative Listing Date: Friday, January 31, 2025, on the BSE SME platform.

Price Band & Investment Details

• Price Range: ₹71 to ₹75 per share.
• Minimum Lot Size: 1,600 shares, requiring a minimum investment of ₹1,20,000 for retail investors.
• HNI Investment: Minimum of 2 lots (3,200 shares), amounting to ₹2,40,000.

Key Stakeholders

• Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd.
• Registrar: Cameo Corporate Services Limited.
• Market Maker: Spread X Securities Private Limited.

For comprehensive details, investors are encouraged to refer to the H.M. Electro Mech IPO Red Herring Prospectus (RHP).

This IPO presents a strategic opportunity for investors to be part of a growing electro-mechanical enterprise. Mark your calendars and stay informed to make well-timed investment decisions.

The net proceeds raised through the H.M. Electro Mech IPO will be allocated towards the following objectives:

• To Meet Working Capital Requirements: A significant portion of the funds will be utilized to meet the company’s working capital needs, ensuring smooth operations and sustained growth.
• General Corporate Purposes: The remaining funds will be used for general corporate purposes, including strategic initiatives, operational expenses, and other business-related activities.

This allocation of funds reflects the company’s commitment to strengthening its financial position, enhancing operational efficiency, and achieving long-term growth objectives.