Energy Mission Machineries IPO received an overwhelming response from investors with an overall subscription of 320.67 times on the last day of bidding. The overall subscription breakdown is as follows:
Qualified Institutions (QIB) subscribed 161.92 times
Non-institutional buyers (NII) subscribed 605.19 times
Retail investors subscribed 289.36 times, as per chittorgarh.com.
The IPO opened for bidding on May 9 and closed on May 13. The 41.15 crore SME IPO is a fresh issue of 29.82 lakh shares. The price band for the IPO was set at Rs 131 to Rs 138 per share, with a minimum lot size of 1000 shares, requiring an investment of at least Rs 138,000 by retail investors.
The allotment of Energy Mission Machineries IPO was finalised on Tuesday, May 14.
Investors can check Energy Mission Machineries IPO allotment status on the website of Bigshare Services Pvt Ltd., the registrar for IPO.
Energy Mission Machineries IPO Allotment: Steps to check application status on Bigshare
Visit the official website of Bigshare Services here: https://www.bigshareonline.com/ipo_Allotment.html
Select any one server to check your IPO Allotment Status.
Choose "Energy Mission Machineries Limited" from the list of companies.
In the Selection Type dropdown, choose either Application number, Beneficiary ID, or PAN ID.
Enter the required information, that could be your application number, PAN (Permanent Account Number), or Beneficiary ID.
Complete the 'captcha' to verify that you are not a robot.
Finally, click the "Search" button to check your allotment status.
Energy Mission Machineries IPO Listing Date
The Energy Mission Machineries IPO is planned to list on Thursday May 16, 2024 on NSE SME.
Energy Mission Machineries IPO Timeline (Tentative Schedule)
IPO Open Date: Thursday, May 9
IPO Close Date: Monday, May 13
Basis of Allotment: Tuesday, May 14
Initiation of Refunds: Wednesday, May 15
Credit of Shares to Demat: Wednesday, May 15
Listing Date: Thursday, May 16
Investors who received shares will have their demat accounts credited on Tuesday, May 14. The refund procedure will begin on the same day, as soon as the allotment is finalised.
About Energy Mission Machineries Limited
Energy-Mission Machineries (India) Limited designs and builds precise metal-shaping machines for various industries worldwide. Based in Ahmedabad with a big factory covering 260,000 sq. ft., they can make up to 1000 machines a year having already installed 6000 machines worldwide. In the past eight years, Energy-Mission Machineries (India) LTD has been successfully launching 12+ high-end products that redefine excellence in sheet metal machinery. Beyond new development, they have undertaken import substitutions valued around Rs. 3 billion and counting, contributing significantly to Make in India philosophy.
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