H. M. Electro Mech Restricted (“The Company” or “HMEML”) has filed its Draft Pink Herring Prospectus (“DRHP”) with BSE SME on June 28, 2024. The Corporate used to be at first established in Week of 2003 as a partnership company named as ‘M/s H.M. Engineers” below the Partnership Business, 1932, upcoming it transformed from partnership company to (Joint Keep Corporate below Section I corporate) a population restricted corporate named as “H. M. Electro Mech Limited”
First of all the core Industry of the Corporate used to be Infra initiatives indistinguishable to H2O provide scheme involving Pumping Machineries and allied equipment for H2O and wastage H2O. Through the years it has varied within the grassland of electrification initiatives with Indian railways, Nationalized Banks and Municipal Firms. The Corporate plans to boost investmrent thru Preliminary Nation Providing of stocks (aggregating as much as As much as 37,00,000 Fairness Stocks (Face Worth Rs.10 each and every)
OBJECTS OF THE ISSUE:
The Corporate proposes to utilise the Web Proceeds in opposition to investment please see items:
- To Meet Running Capital Necessities
- Common Company Functions
The Conserve Working Govern Supervisor to the Factor is Beeline Capital Advisors Non-public Restricted and Registrar to the Factor is Cameo Company Services and products Restricted.
ABOUT THE COMPANY: The corporate has not too long ago began EPC (Engineering, Procurement and Development) grassland initiatives which comes to laying go nation pipe sequence and civil paintings indistinguishable to H2O provide initiatives together with building of H2O remedy plant (WTP), Civil Paintings for Pump Homes, Diesel Producing Units, Panel Room, Instrumentation, PLC-SCADA. For such EPC initiatives they’re running in collaboration/joint ventures with alternative firms, additionally for sporting out the civil paintings a part of the undertaking.
H. M. Electro Mech Restricted may be i’m busy in sale of goods which contains Pump, Pipes, Transformer, Motor and Alternative Digital Equipment. It’s an ISO 9001:2015 qualified corporate and an authorized Electric contractor in Elegance ‘A’ (absolute best division for Electric Agreements – limitless bidding capability topic to fulfilment of alternative gentle statuses) and Elegance ‘AA’ (absolute best division for EPC Agreements – limitless bidding capability topic to fulfilment of alternative gentle statuses) with Irrigation section of Executive of Gujarat.
The Corporate is an authorized electric contractor with Surrounding Executive of Rajasthan additionally below Indira Gandhi Nahar Pariyojana, Bikaner. They’re approved via Executive of Gujarat Power and Petrochemicals Segment to hold out Electric Set up Works within the Gujarat Surrounding. Since 2018 the corporate finished 12 initiatives having aggregating of ₹ 11,629.86 lakhs. Aside from this, these days they’re i’m busy in 30 ongoing initiatives having aggregating of ₹ 38,541.23 lakhs.
The important thing shoppers of the corporate come with Surrounding Governments, Central Executive, Municipal companies, banking sector and academic institutes and so on. They’ve a locational merit within the atmosphere of Gujarat the place its registered place of work is positioned with just about 80% of our overall earnings. They’ve strategically expanded their presence and community to other portions of the rustic, taking over initiatives in numerous areas, together with Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Punjab and Chandigarh and so on. Promoters of Our Corporate are Dipak Padmakant Pandya, Mahendra Ramabhai Patel, Varsha Mahendra Patel and Mita Dipak Pandya.
FINANCIALS:
H.M. Electro Mech Restricted has proven powerful monetary enlargement over contemporary years. Earnings surged from ₹4,696.89 lakhs in FY 2021 to ₹7,526.67 lakhs via December 2023. Benefit margins have stepped forward, with improper benefit margins at 16.42% and EBITDA margins at 10.65%.
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