Energy Mission Machineries IPO fully booked within hours of opening on strong retail, NII push. Check GMP, other details
₹131 to ₹138 per share. The IPO lot size for Energy Mission Machineries is 1,000 shares. The firm provides metal fabrication solutions to the industrial sector by designing and manufacturing CNC, NC, and traditional metal forming equipment.
Press brake, shearing, plate rolling, iron worker, hydraulic presses, and busbar bending, cutting, and punching machines are only a few of the company's many metal forming devices. Also Read: Aadhar Housing Finance IPO Day 2: GMP, subscription status, review. Should you subscribe to the issue? The company offers a range of products that enable producers to obtain the essential precision machinery needed for metal cutting and shaping processes.
A vast range of sectors, including the automotive, steel, pre-engineered building, furniture, HVAC, agricultural, road construction, elevator, food processing, and metalworking workshops, use the company's machinery. As per the Red Herring Prospectus (RHP), the company's listed peers are Macpower CNC Machines Ltd (with a P/E of 89.06), and Jyoti CNC Automation Ltd (with a P/E of 779.56). Between March 31, 2022, and March 31, 2023, the company's profit after tax (PAT) climbed by 135%, while its revenue increased by 27.31%.
Energy Mission Machineries IPO Subscription Status is 2.33 times, on day 1, so far. The retail portion was subscribed 4.17 times, and NII portion was booked 1.15 times. The company has received bids for 46,21,000 shares against 19,83,000 shares on offer, at 13:03 IST, according to data on chittorgarh.com.
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