Energy-Mission Machineries IPO: Check issue size, price band, GMP and other details
SME IPO of Energy-Mission Machineries opened for subscription today and closes on May 13. The company aims to raise about Rs 41 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About Energy-Mission Machineries
The company designs and manufactures CNC, NC and conventional metal forming machines which caters to the industrial sector requirement for metal fabrication solutions. Their wide spectrum of metal forming machines includes press brake machines, shearing machines, plate rolling machines, iron workers machines, hydraulic presses and busbar bending, cutting and punching machines.
2) Industry overview
India’s Capital Goods manufacturing industry serves as a strong base for its engagement across sectors such as engineering, construction, infrastructure and consumer goods, amongst others. It accounts for 27% of the total factories in the industrial sector and represents 63% of the overall foreign collaborations.
3) Energy-Mission Machineries IPO size
The IPO is entirely a fresh equity issue of 29.82 lakh shares and through the issue, the company aims to raise nearly Rs 41 crore.
4) Energy-Mission Machineries IPO price band
The company is offering its shares at Rs 131-138 apiece, and investors can bid for 1000 shares in 1 lot.
5) Energy-Mission Machineries IPO financial performance
For the period ended December 2023, the company clocked revenues of Rs 84 crore and net profit of Rs 6.72
