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Holmarc Opto-Mechatronics IPO GMP, Price, Dates & Allotment Details 2023

Holmarc Opto-Mechatronics IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The Holmarc Opto-Mechatronics IPO will open on September 15 and close on September 20, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 11.40 crore through this public offering, consisting of 2,850,000 shares with a face value of ₹ 1 each, which will be issued at a price of ₹ 40 per share.

Holmarc Opto-Mechatronics Limited (“the Company”)

Holmarc Opto-Mechatronics Limited was incorporated in 1993. The company manufactures a variety of scientific and engineering instruments for research, industry, and education, i.e., imaging instruments, measuring instruments, spectroscopy, analytical instruments, lab instruments, physics lab instruments, breadboards and table tops, optomechanics, optics, linear and rotation stages, motorized linear and rotation stages, industrial automation, etc.

Holmarc Opto-Mechatronics Limited is an ISO 9001:2015 certified company for designing, developing, and manufacturing scientific instruments and devices for industries, research, and educational institutes.

Over the last three decades, Holmarc has developed a number of products with unique designs for scientific and engineering applications. Its company has developed over 800 products with standard specifications and has developed numerous customized products as well.

Company Key Metrics

Earning Per Share (EPS)₹ 4.95 per Equity Share
Debt to Equity Ratio0.12
ROE0.36%
ROCE33%
P/E (x)8.08
Return on Net Worth (RoNW)30.70%

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

  1. Funding Capital Expenditure towards Purchase of Additional Plant & Machinery.
  2. To meet the Working Capital Requirements.
  3. To meet the Issue Expenses.
  4. General Corporate Purposes.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth1,159.93823.80688.60
Total Assets1,658.861,467.321,247.18
Reserve & Surplus439.93803.80668.60
Total Borrowings133.69206.37166.26
Total Revenue2,918.442,117.841,573.34
Profit After Tax356.14155.1968.80
(Amount in ₹ Lakhs)

IPO details

As per the DRHP filed with SEBI, 28.50 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 1.44 lakh shares of the offering. While Finshore Management Services Limited will be the lead manager for the IPO, Cameo Corporate Services Limited will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.

Issue TypeFixed Price Issue IPO
IPO Price₹ 40 per share
Face Value₹ 10 per share
Market Lot3,000 shares
Issue Size2,850,000 shares (aggregating up to ₹ 11.40 crores)
Fresh Issue2,850,000 shares (aggregating up to ₹ 11.40 crores)
Listing AtNSE SME

Market Maker detail

Market makerNikunj Stock Brokers
Market maker portion144,000 shares

IPO Reservation

CategoriesNo. of shares offered
Other shares offered50% of the net offer
Retail shares offered50% of the net offer

GMP: Holmarc Opto-Mechatronics IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: Holmarc Opto-Mechatronics IPO

The issue opens for subscription on September 15, 2023, and closes for subscription on September 20, 2023 (both days inclusive). The basis of allotment will be finalised on September 25, 2023, and the refunds will be initiated on September 26, 2023. In addition, the demat credits are expected to happen on September 27, 2023, and the stock will be listed on the NSE SME on September 28, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateSeptember 15, 2023
Closing DateSeptember 20, 2023
Basis of AllotmentSeptember 25, 2023
Initiation of RefundsSeptember 26, 2023
A credit of shares to Demat A/cSeptember 27, 2023
Listing DateSeptember 28, 2023

Lot Size

The lot size of the Holmarc Opto-Mechatronics IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of ₹ 120,000.

ApplicationsLotsSharesAmount 
Retail (Minimum)13,000₹ 120,000
Retail (Maximum)13,000₹ 120,000
HNI (Minimum)26,000₹ 240,000

Promoters Holdings 

Mr. Jolly Cyriac and Mr. Ishach Sainuddin the promoters of the company.

Pre-issue Shares Holdings87.30%
Post-issue Shares Holdings62.54%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationHolmarc Opto-Mechatronics Limited
Building No. 11/490, B-7, HMT Industrial Estate, Kalamassery,
Kanayanoor Taluk, Ernakulam – 683503
Phone: +91 484 2953780
Email: [email protected]
Website: https://www.holmarc.com/
IPO RegistrarCameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
IPO Lead Manager(s)Finshore Management Services Limited

FAQs

The Holmarc Opto-Mechatronics IPO price is ₹ 40 per share.

The minimum investment size is one lot for retail investors. One lot of the Holmarc Opto-Mechatronics IPO contains 3,000 shares of ₹ 120,000.

The finalisation of the basis of allotment for the Holmarc Opto-Mechatronics IPO will be done on September 25, 2023, and the allotted shares will be credited to your demat account by September 27, 2023. Check the Holmarc Opto-Mechatronics IPO allotment status.

The Holmarc Opto-Mechatronics IPO shares listing date is September 28, 2023.

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