The Energy Mission Machineries IPO commenced on May 9, 2024, and concluded on May 13, 2024. The allotment of shares took place on May 14, 2024, and the initiation of refunds began on May 15, 2024. The shares were credited to the demat accounts of investors on May 15, 2024. Finally, the listing of Energy Mission Machineries on the stock exchange occurred on May 16, 2024.
The Energy Mission Machineries IPO was priced at ₹131 to ₹138 per share, with a lot size of 1000 shares. The total issue size was ₹41.15 crores, comprising a fresh issue of ₹41.15 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Energy Mission Machineries IPO Basic Details
| Company Name | Energy Mission Machineries Limited |
| Energy Mission Machineries IPO GMP Today | ₹90 |
| Energy Mission Machineries IPO Listing Gain | 65.22% |
| Energy Mission Machineries IPO Open Date | May 9, 2024 |
| Energy Mission Machineries IPO Close Date | May 13, 2024 |
| Energy Mission Machineries IPO Allotment Date | May 14, 2024 |
| Energy Mission Machineries IPO Listing Date | May 16, 2024 |
| Face Value | ₹10 per share |
| Price | ₹131 to ₹138 per share |
| Lot Size | 1000 Shares |
| Issue Size | 2,982,000 shares of ₹10 (aggregating up to ₹41.15 Cr) |
| Fresh Issue | 2,982,000 shares of ₹10 (aggregating up to ₹41.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Satishkumar Kanjibhai Parmar, Dineshkumar Shankarlal Chaudhary, Sanjay Shantukumar Khankar, Ashokkumar Ramjibhai Panchal and Snehal Narendra Mehta |
Energy Mission Machineries IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹101 | 101.45% | – | – |
| 10 May 2024 | ₹101 | 101.45% | – | – |
| 9 May 2024 | ₹90 | 65.22% | – | – |
| 8 May 2024 | ₹90 | 65.22% | – | – |
Energy Mission IPO Details:
Established in 2011, Energy-Mission Machineries (India) Limited crafts and produces a variety of metal shaping machines for different industries. Our precision machines are used in automotive, steel, furniture, HVAC, agriculture, construction, elevators, food processing, and more. Our lineup includes press brakes, shearing machines, plate rollers, ironworkers, hydraulic presses, and busbar bending, cutting, and punching machines.
We proudly export our products to the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, and Saudi Arabia.
Between April 2023 and August 2023, we supplied over 1,050 customers with more than 1,487 metal shaping machines, offering over 600 variations. This achievement was reached over the past three fiscal years and five months.
Our manufacturing hub, located in Sanand, Ahmedabad, covers 18,234 square meters. By August 31, 2023, it earned ISO 9001:2015 certification, ensuring top-notch quality.
We have the capacity to produce 900 machines annually.
Our products are distributed across 20 states and 2 Union Territories in India, with major revenue streams coming from Maharashtra, Gujarat, and Karnataka.
As of October 31, 2023, we had 253 permanent employees on a consolidated basis, along with additional contracted personnel.
Energy Mission Machineries IPO More Details Click Here
Energy Mission Machineries IPO FAQs
When is Energy Mission Machineries IPO open?
Energy Mission Machineries IPO will open on 9 May 2024.
When is Energy Mission Machineries IPO Close?
Energy Mission Machineries IPO will be closed on 13 May 2024.
What is Energy Mission Machineries IPO GMP Today?
The Energy Mission Machineries IPO GMP aka Grey Market Premium is ₹140.
What is Energy Mission Machineries IPO Kostak Rates Today?
The Energy Mission Machineries IPO Kostak Rate is ₹000.
What is Energy Mission Machineries IPO Subject to Sauda Price Today?
The Energy Mission Machineries IPO subject to sauda rates is ₹000.
Energy Mission Machineries IPO Expected Returns?
The Energy Mission Machineries expected return is 101.45%.
How much will be the listing gain in Energy Mission Machineries IPO?
Energy Mission Machineries IPO will get listing gain of 101.45%. (Approx.)
