IPO Details
Bidding Dates
09 May 24 - 13 May 24
Price Range ₹
131 - 138
Total Equity
₹ 41.15Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
09 May 2024
Offer end
13 May 2024
Allotment
14 May 2024
Refund initiation
15 May 2024
Demat transfer
15 May 2024
Listing
16 May 2024
Offer start
09 May 2024
Offer end
13 May 2024
Allotment
14 May 2024
Refund initiation
15 May 2024
Demat transfer
15 May 2024
Listing
16 May 2024
About Company
Established in 2011, Energy-Mission Machineries (India) Limited specializes in the design and manufacture of a diverse range of metal forming machines catering to industrial metal fabrication needs. These precision machines find applications across various sectors including automotive, steel, furniture, HVAC, agriculture, construction, elevators, and food processing among others. The company's product portfolio comprises press brakes, shearing machines, plate rolling machines, ironworkers, hydraulic presses, as well as busbar bending, cutting, and punching machines. Between April 2023 and August 2023, Energy-Mission Machineries supplied over 1,487 metal forming machines to more than 1,050 customers, offering a range of over 600 variations. This trend has been consistent over the past three fiscal years and the initial five months of the current fiscal year. Situated in Sanand, Ahmedabad, the company's manufacturing facility spans across an area of 18,234 square meters. As of August 31, 2023, this facility holds ISO 9001:2015 certification, ensuring adherence to quality standards. With a production capacity of 900 machines annually, the company possesses the capability to meet substantial demand. Energy-Mission Machineries operates its sales network across 20 states and 2 Union Territories in India, with significant revenue streams originating from Maharashtra, Gujarat, and Karnataka. As of October 31, 2023, the company had a workforce comprising 253 permanent employees at a consolidated level, supplemented by contract-based personnel.
Year Founded
17-01-2011
Promotor Details
Satish Parmar
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73.67 |
| Share Capital | 8344500 | 8344500 |
Offer to Public
29,82,000.00 Cr
Project Details
- Funding of capital expenditure towards installation of new plant & machineries - 74.293cr
- To meet working capital requirements - 150cr
- Funding of capital expenditure towards civil construction work at existing manufacturing - 68.64cr
Objectives
- Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, GujaratFunding of capital expenditure towards installation of new plant & machineriesTo meet working capital requirementsGeneral Corporate Purpose
Highlights
- Energy Mission Machineries (India) has demonstrated a robust market presence with consistent growth over the past three years. The company's ability to supply over 1,487 metal-forming machines to more than 1,050 customers showcases its strong foothold in the industry.
- With over 600 variants of metal forming machines and a wide range of spare parts, the company offers a comprehensive product portfolio catering to various sectors such as metal fabrication, automotive, agriculture, and more. This diversification enhances its market reach and potential customer base.
- The company's ability to export its products to countries such as the USA, Switzerland, Russia, Nepal, and others indicates its global presence and potential for international expansion. This diversification of markets reduces dependency on domestic sales and mitigates risks associated with regional economic fluctuations.
- Energy Mission Machineries (India) has exhibited impressive financial performance, with significant growth in both profit and revenue over the past three years. This trend reflects the company's operational efficiency and promising prospects for future fiscal years.
- The company's provision of machinery tools and spare parts, along with dedicated after-sales service teams, enhances customer satisfaction and loyalty. This commitment to after-sales support strengthens the company's competitive advantage and fosters long-term customer relationships.
Challenges
- Energy Mission Machineries (India) heavily relies on the metal fabrication sector for its revenue generation. Any downturn or slowdown in this sector could adversely affect the company's sales and profitability.
- The company's financial performance may be susceptible to market volatility, particularly in terms of fluctuating demand for metal forming machines. Economic uncertainties or shifts in customer preferences could impact the company's sales and revenue.
- Operating a manufacturing facility involves inherent risks such as supply chain disruptions, equipment failures, and regulatory compliance challenges. Failure to effectively manage these risks could result in production delays or quality issues.
- The metal forming machinery industry is highly competitive, with numerous domestic and international players vying for market share. Intense competition may exert pressure on pricing and margins, affecting the company's profitability.
- Compliance with regulatory requirements, both domestically and internationally, is crucial for the company's operations. Any non-compliance or regulatory issues could lead to legal liabilities, fines, or reputational damage, impacting the company's financial performance and market standing.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 10,047.65 | 834.45 | 737.50 | 737.50 | 8.8382 |
| 2023 | 8,220.07 | 278.15 | 1,096.76 | 1,096.76 | 13.1435 |
