Energy Mission Machineries (india) Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Energy-Mission

CMP

409.85

+67.85 (19.84%)

  • DRHP
₹138

Offer Price

₹ 41.15 Cr

Issue Size

₹ 1,38,000

Min Investment

1,000

Lot size

Time Line

  • 09
    May 2024
    Open
  • 13
    May 2024
    Close
  • 14
    May 2024
    Finalisation of Basis of Allotment
  • 15
    May 2024
    Initiation of Refunds
  • 15
    May 2024
    Transfer of Shares to Demat Account
  • 16
    May 2024
    Listing Date

Objects of the Offer

  • Continue to invest in our technological capabilities.

  • Expand its domestic and international presence.

  • Continue to reduce operating costs and improve operational efficiencies.

  • Focus on consistently meeting quality standards.

Products & Services

  • Energy-Mission Machineries (India) Limited designs and manufactures CNC, NC and conventional metal forming machines.

Strengths

  • Well diversified customer base spread across various industries and geography.

  • Varied product range appealing to a diverse customer base.

  • In-house manufacturing facility.

  • Stringent quality control mechanism ensuring standardized product quality.

  • Experienced Promoters with strong management team having domain knowledge.

Risks

  • The company derived a significant portion of its revenue from the sale of its key product i.e. CNC press brake machines. Any decline in the sales of its key product could have an adverse effect on the company`s business, results of operations and financial condition.

  • The company does not have firm commitment long-term supply agreements with its customers. If its customers choose not to source their requirements from it, there may be a material adverse effect on its business and results of operations.

  • The Company does not have long-term agreements with suppliers for its input materials and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.

  • The company operates in a highly competitive industry and increased competition may lead to a reduction in its revenues, reduced profit margins or a loss of market share.

  • Its business is dependent on the performance of the Application Industries. Any downturn in the Application Industries can adversely impact its business, results of operations, cash flow and financial condition of the Company.

Company Promoters

Promoters Holding

Issue For IPO
99.70%
Pre Holding

99.70%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 78.35 (64.60%) 99.56 (27.10%) 33.57 (-)
Gross Profit 78.35 (64.60%) 99.56 (27.10%) 33.57 (-)
Net Income 78.35 (64.60%) 99.56 (27.10%) 33.57 (-)
Assets 78.35 (64.60%) 99.56 (27.10%) 33.57 (-)
Liabilities 78.35 (64.60%) 99.56 (27.10%) 33.57 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Energy-Mission Machineries (India) Ltd 99.56 7.90 46.17 22.64 33.57 0.00 8,459.54 1.52 0.47
Macpower CNC Machines Ltd 201.89 12.89 143.18 143.18 13.34 12.89 96.61 9.00 0.00
Jyoti CNC Automation Ltd 929.26 15.06 1,515.38 1,515.38 18.35 1.02 24.92 0.99 10.17

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

E-9/3 & E-12 Sanand II,
Ind. Area BoI GIDC Sanand BoI,
Ahmedabad - 382170
Phone : +91 79847 68296 Email : cfo@energymission.com www.energymission.com

Offer Related Information

Initial public offer of upto 29,82,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Energy-Mission Machineries (India) Limited ("The Company" or "EMMIL" or "The Issuer") at an issue price of Rs. 138 per equity share for cash, aggregating up to Rs. 41.15 crores ("Public Issue") out of which 1,50,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 138 per equity share for cash, aggregating Rs. 2.07 crores will be reserved for subscription by the... More

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