About the Company:
Energy Mission Machineries Ltd is engaged in design and manufacturing of CNC, NC and conventional metal forming machines which caters to the industrial sector requirement for metal fabrication solutions.
Company’s wide spectrum of metal forming machines includes press brake machines, shearing machines, plate rolling machines, iron workers machines, hydraulic presses and busbar bending, cutting & punching machine.
Company provides manufacturers with vital precision machines which are required for metal cutting and forming operations.
Company’s machines are utilized across a wide gamut of industries such as automotive, steel, pre-engineered building, furniture, HVAC, agricultural equipments, road construction equipments, elevators, food processing machinery, metalworking workshops and many others.
Company offers over 600 variants of metal forming machines and has supplied 1657 machines to over 1150 customers.
Company has sold products in India and several other countries across the globe which include USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, Saudi Arabia and other Middle east countries.
Company’s Manufacturing Facilities:
Company operates through our manufacturing facility in Sanand (District – Ahmedabad), which is situated on a vast land area of over 18,234 sq. mtrs and is equipped with capabilities to design, develop and manufacture our product portfolio.
Company’s manufacturing facility has obtained ISO 9001:2015 certification and as on December 31, 2023, and has capacity to manufacture 900 machines p.a.
Company’s manufacturing operations comprise, in addition, to our production lines, CNC Plasma cutting shop, machine shop, heavy fabrication shop, hydraulic Cylinder Shop, hydraulic power pack shop, Electrical Panel wiring, sheet metal shop, shot blasting chamber, paint booth chamber, assembly lines and testing facilities.
Company’s Installed Capacity and Capacity Utilization:
Competitors in the Business:
Some of our significant competitors in the organized segment includes Hindustan Hydraulics Pvt. Ltd., Rajesh Machine Tools Pvt. Ltd., HACO Machinery Pvt. Ltd. and Weldor Engineering Pvt. Ltd.
Management Team:
- Mr. Satishkumar Kanjibhai Parmar (Designation: Chairman, Executive Director & CFO)
- Mr. Dineshkumar Shankarlal Chaudhary (Designation: Managing Director)
Objectives of the Issue:
Fresh Issue: (Rs.41.15 cr)
- Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat.
- Funding of capital expenditure towards installation of new plant & machineries.
- To meet working capital requirements.
- General Corporate Purpose.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat | 6.86 cr |
| Funding of capital expenditure towards installation of new plant & machineries | 7.42 cr |
| To meet working capital requirements | 15 cr |
Positives for the Company:
Company Manufactures Wide Range of Machines.
- For the Fiscal 2023, Company has sold 500 machines to over 400 customers.
- Company’s ability to provide wide range of machines has helped us garner customers engaged in various sectors such as metal fabrication, pre-engineered building, agriculture, kitchen equipments, machinery manufacturing, automotive, food processing, furniture, HVAC, elevators, steel etc.
- Further, in F.Y. 2022-23, Company has successfully sold hydraulic shearing machine to CERN which is the European Organization for Nuclear Research based in Geneva, Switzerland.
Well diversified customer base spread across various industries and geography.
- During the last 3 Fiscals and the nine months period i.e. Apr.’23 to Dec.’23, Company has supplied 1657 machines to over 1150 customers.
- Company has sold products in India and several other countries across the globe which include USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, Saudi Arabia and other Middle east countries.
- For the nine months period ended Dec.’23, Company’s revenue from sale of products and services were Rs. 82.79 crores of which approximately 93.15% of the revenue were from domestic markets and 6.85% from international markets which included USA, UAE, Saudi Arabia, Oman and Nepal. In India, during the same period, we have sold our products to over 20 states and 2 union territories
- Company’s diverse customer base encompasses a wide array of industries such as metal fabrication, pre-engineered building, agriculture equipments, kitchen equipments, machinery manufacturing, automotive, food processing, furniture, HVAC, elevators, steel etc.
Company Plans to increase the Manufacturing Capabilities.
- Company intends to enhance its existing manufacturing capabilities through investment in additional plant & machineries such as Fixed Double Column Machining Centre, VMC’s, Lathe machines, goliath cranes etc.
- Company also plans to expand the existing manufacturing unit by construction of additional shed and utilize the existing unused floor space, which will enhance the production capacity.
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | Upto 31Dec 23 |
|---|---|---|---|---|
| Revenue | 48.34 | 79.06 | 100.66 | 83.99 |
| Net Profit | 0.95 | 3.36 | 7.90 | 6.74 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Energy-Mission Machineries (India) Ltd |
10 | 9.47 | 14.57 | 33.57% | 28.20 |
| Macpower CNC Machines Ltd | 10 | 12.89 | 89.06 | 13.34% | 96.61 |
| Jyoti CNC Automation Ltd | 2 | 1.02 | 779.56 | 18.35% | 5.57 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 9th May 2024 |
| Issue Closes on | 13th May 2024 |
| Issue Price | Rs.131-138 |
| Face Value | Rs.10 |
| Minimum Lot | 1000 Shares |
| Minimum Investment | Rs.1,38,000 |
| Issue Constitutes | 26.32% |
| Issue Size | Rs.41.15 cr |
| Market Cap | Rs.156.30 cr |
| Listing at | NSE & BSE |
| Equity Shares Offered (Fresh) | 29,82,000 (Rs.41.15 cr) |
| Equity Shares Prior to the Issue | 83,44,500 |
| Equity Shares after the Issue | 1,1326,500 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 14th May 2024 |
| Initiation of Refunds | on or Before 15th May 2024 |
| Credit of Equity Shares: | on or Before 15th May 2024 |
| Listing Date: | on or Before 16th May 2024 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 9.47 | 14.57 | 33.57% | 28.20 |
Also Read: Complete List of NSE/BSE Holidays List>>
| Should You Subscribe or Not ? (Markets Guruji’s View) |
|---|
| Energy Mission Machineries Ltd specializes in the design and manufacture of CNC, NC, and conventional metal forming machines, catering to the industrial sector’s needs for metal fabrication solutions. With a product range encompassing press brake machines, shearing machines, plate rolling machines, iron workers machines, hydraulic presses, and busbar bending, cutting, and punching machines, the company offers over 600 variants of metal forming equipment.
Having supplied 1657 machines to more than 1150 customers, Energy Mission Machineries Ltd has established a robust presence both domestically in India and internationally, serving clients in the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, Saudi Arabia, and other Middle Eastern countries. Its diversified customer base spans various industries and geographies, indicating resilience and adaptability. With plans to bolster its manufacturing capabilities, the company presents an enticing opportunity for investors to participate in its Initial Public Offering (IPO) for long-term growth potential, leveraging its strong market position and expansion strategies. |
| Company Contact Info: |
|---|
| Energy Mission Machineries Ltd E-9/3 & E-12 Sanand-II Industrial Area, Bol GIDC Sanand, Bol, Ahmedabad, Gujarat – 382 170, India. Tel No: +91-7984768296 E-mail: cfo@energymission.com Website: www.energymission.com/ |
| Registrar to the Issue: |
|---|
| Bigshare Services Private Limited Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, India. Telephone: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| HEM SECURITIES LIMITED 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000; Email: ib@hemsecurities.com Website: www.hemsecurities.com |
| Check IPO Allotment Status: |
|---|
Bigshare: http://www.bigshareonline.com/IPO/Allotment |
| Find the List of Upcoming IPOs in India: |
|---|
Upcoming IPOs in India (Click on the below Link)https://www.marketsguruji.com/upcoming-ipos-in-india/ |
