Energy Mission Machineries debuts at 165% premium on NSE SME platform

The , which was completely a fresh of Rs 29.82 lakh shares, received a bumper response from investors with an overall subscription of 320 times at close.

Funds raised from the IPO will be used for capital expenditure towards civil construction work at existing units, working capital requirements and general corporate purposes.

The company designs and manufactures , and conventional which cater to the industrial sector's requirement for metal fabrication solutions.

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The wide spectrum of metal forming machines includes press brake machines, shearing machines, plate rolling machines, iron workers machines, hydraulic presses and busbar bending, cutting and punching machines.

Through the array of products, the company provides manufacturers with vital precision machines which are required for metal cutting and forming operations.

Its machines are utilised across a wide gamut of industries such as automotive, steel, pre-engineered building, furniture, HVAC, agricultural equipment, road construction equipment, elevators, food processing machinery, metalworking workshops and many others.

Energy Mission offers over 600 variants of metal forming machines and during the last 3 fiscals and the nine months period April December 23.

India’s capital goods manufacturing industry serves as a strong base for its engagement across sectors such as engineering, construction, infrastructure and consumer goods, amongst others. It accounts for 27% of the total factories in the industrial sector and represents 63% of the overall foreign collaborations.

For the period ended December 2023, the company recorded revenues of Rs 83.4 crore, while profit after tax stood at Rs 6.74 crore.