H.M. Electro Mech Ltd - IPO

H.M. Electro Mech Ltd IPO Details

Initial public issue of up to 36,99,200 equity shares of face value of Rs. 10/- each of H.M. Electro Mech Limited (HMEML or the Company or the Issuer) for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share (the Issue Price) aggregating to Rs. 27.74 crores (The Issue), of which 1,85,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65- per equity share aggregating to Rs. 1.39 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 35,13,600 equity shares of face value of Rs. 10/- each at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share aggregating to Rs. 26.35 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27 % and 25.65 %, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The floor price is 7.5 times of the face value.

Objective of issue

To meet working capital requirements. General corporate purposes.

H.M. Electro Mech Ltd Contact Details

H.M. Electro Mech Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@hmelectromech.com

Website - www.hmelectromech.com