Energy Mission Machineries IPO allotment status likely to be finalised on May 14: Steps to know share allocation

Energy Mission Machineries (India) Ltd is expected to announce the share allotment status on Tuesday, May 1. The public offer of the metal forming machines’ manufacturer generated huge demand. The Energy Mission Machineries (India) Ltd IPO closed with an overall subscription of 320 times.

Investors are now keenly awaiting the share allotment by the company. The status of share allotment can be checked in easy steps on the websites of NSE and IPO registrar Bigshare Services Pvt Ltd.

Check share allotment status on IPO registrar website by following these steps:

• Open Bigshare Services Pvt Ltd website https://www.bigshareonline.com
• Select any server
• Click on IPO allotment status: www.bigshareonline.com/ipo_Allotment.html
• Select Energy Mission Machineries (India) Ltd from the list
• Fill Application number or PAN ID
• Complete the 'captcha' to verify
• Click the "Search" button to check your allotment status

How to check Energy Mission Machineries (India) Ltd share allotment on NSE

Energy Mission Machineries (India) Ltd IPO subscription

The ₹41.15-crore Energy Mission Machineries IPO opened for subscription on May 9. The public offer comprised a fresh issue of 29.82 lakh shares. The company fixed the IPO price band at ₹131 to ₹138 per share. The minimum lot size was 1000 shares.

At the close of bidding on May 13, 2024, the Energy Mission Machineries IPO was booked more than 320 times. The IPO received bids for 63.60 crore shares against 19.83 lakh shares on offer.

Among investor categories, the retail investors’ portion was booked around 289 times. The qualified investors’ portion was booked nearly 162 times. Non-institutional investors’ portion was subscribed 605.19 times. Bids for 25.72 crore shares were received against 4,25,000 shares on offer.

Energy Mission Machineries IPO listing date

The tentative date for listing of shares of Energy Mission Machineries on NSE SME platform is May 16, 2024.

Energy Mission Machineries objects

Energy Mission Machineries designs and manufactures CNC, NC and conventional metal forming machines, which are used in the industrial sector for metal fabrication.

The company has a wide spectrum of metal forming machines including press brake machines, shearing machines, plate rolling machines, ironworkers machines, hydraulic presses and busbar bending, cutting and punching machines.

The company had proposed to uitlise ₹6.86 crore of IPO proceeds for funding of capital expenditure towards civil construction work at existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat. The company has proposed to use ₹7.42 crore for meeting capital expenditure towards installation of new plant and machineries and ₹15 crore for working capital requirements.

The company offers over 600 variants of metal forming machines.