Energy Mission IPO Listing
Energy-Mission Machineries IPO Listing: The ₹41.15 crore IPO of Energy Mission Machineries was open for subscription from May 9-13. Today its shares have been listed.
Energy Mission Machineries IPO Listing: Shares of metal forming machine maker Energy Mission Machineries had a successful entry on the SME platform of NSE today. Its IPO received overall bids of more than 320 times.
Shares have been issued under the IPO at a price of Rs 138. Today it has been entered on NSE SME at Rs 366.00, which means IPO investors got a listing gain of 165 percent (Energy Mission Listing Gain).
After listing the shares went up further. It jumped and reached the upper circuit of Rs 384.30 (Energy Mission Share Price) and closed at this point, that is, IPO investors are making 178.48 percent profit, that is, the money of IPO investors has increased more than two and a half times.
Energy Mission Machineries IPO got strong response
Energy Mission Machinery's ₹41.15 crore IPO was open for subscription from May 9-13.
This IPO received a tremendous response from investors and overall it was subscribed 320.67 times.
In this, the portion reserved for Qualified Institutional Buyers (QIB) was filled 161.92 times, the share for Non-Institutional Investors (NII) was 605.19 times and the share for retail investors was 289.36 times.
Under this IPO, 29.82 lakh new shares with face value of Rs 10 have been issued.
The company will use the funds raised through these shares for civil construction at the existing manufacturing unit in Sanand,
Ahmedabad, Gujarat, new plant and machinery, meeting working capital requirements and for general corporate purposes.
About Energy Mission Machineries
Energy-Mission Machinery, established in the year 2011, designs and manufactures different types of metal forming machines for industrial metal fabrication.
Its products include press brakes, shearing, plate rolling, ironworkers, hydraulic presses and punching machines etc. which are not only sold in India but are also exported to America, Switzerland, Russia, Nepal, Kenya, Uganda, UAE and Saudi Arabia. Are there.
Its capacity is to manufacture 900 machines annually. Talking about India, it gets maximum revenue from Maharashtra, Gujarat and Karnataka. Talking about the financial health of the company, it has continuously strengthened.
In the financial year 2021, it had a net profit of Rs 95.33 lakh, which jumped to Rs 3.36 crore in the next financial year 2022 and to Rs 7.90 crore in the financial year 2023.
During this period, the company's revenue increased at a compound growth rate (CAGR) of more than 44 percent annually to Rs 100.66 crore.
Talking about the last financial year 2023-24, it has achieved a net profit of Rs 6.75 crore and revenue of Rs 84 crore in April-December 2023.