Energy Mission Machineries IPO Opens Today; Here Are 10 Things You Must Know Before Applying

Energy Mission Machineries IPO GMP: The initial public offering (IPO) of Energy Mission Machineries subscription window opens today i.e. on May 09. Here are 10 important things you must know before applying for the IPO.

Energy Mission Machineries IPO GMP Today: Check Latest GMP

According to multiple unlisted market tracking websites. The grey market premium (GMP) of the Energy Mission Machineries price ranges from Rs 90 per share to Rs 110 per share.

Energy Mission Machineries IPO Details

Energy Mission Machineries IPO, a book-built issue amounting to Rs 41.15 crores, exclusively consisting of fresh issue shares totalling 29.82 lakh shares.

Energy Mission Machineries IPO Subscription Window

Mark your calendars for the subscription window of the Energy Mission Machineries IPO, commencing on May 9, 2024, and concluding on May 13, 2024.

Energy Mission Machineries IPO Allotment Date

Stay informed about the expected finalization date for the allotment of shares from the Energy Mission Machineries IPO, scheduled for Tuesday, May 14, 2024.

Energy Mission Machineries IPO Listing Date

Prepare for the listing of Energy Mission Machineries IPO on NSE SME, with a tentative listing date earmarked for Thursday, May 16, 2024.

Energy Mission Machineries IPO Price Band

Understand the price dynamics of the Energy Mission Machineries IPO, with a price band set between Rs 131 to Rs 138 per share.

Energy Mission Machineries IPO Lot Size

The minimum lot size for the Energy Mission Machineries application, is set at 1000 shares.

Energy Mission Machineries IPO Minimum Investment

Evaluate the investment prerequisites for retail and HNI investors, with retail investors necessitating a minimum investment of Rs 138,000 and HNIs requiring an investment equivalent to 2 lots (2,000 shares), totalling Rs 276,000.

Energy Mission Machineries Book Running Lead Manager

Hem Securities Limited as the book-running lead manager of the Energy Mission Machineries IPO, overseeing its successful execution.

Energy Mission Machineries IPO Registrar and Market Maker

The registrar for the issue, Bigshare Services Pvt Ltd, is responsible for managing shareholder records, and the market maker, Hem Finlease, facilitating liquidity for the IPO.

About Energy Mission Machineries

Energy-Mission Machineries (India) Limited, established in 2011, specializes in manufacturing metal-forming machines for various industrial sectors. Their precision machines find applications in automotive, steel, furniture, HVAC, agriculture, and more. The company exports its products to several countries including the USA, Switzerland, and UAE. With a manufacturing facility in Sanand, Ahmedabad, spanning 18,234 sq. mtrs, Energy-Mission Machineries is ISO 9001:2015 certified and can produce 900 machines annually. Their products are sold across 20 states and 2 Union Territories in India, with Maharashtra, Gujarat, and Karnataka being primary revenue contributors. As of October 31, 2023, the company employs 253 permanent staff and additional contract-based workers, as per the regulatory filing.