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 Ratio | 0.12 |
| ROE | 0.36% |
| ROCE | 33% |
| 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:
- Funding Capital Expenditure towards Purchase of Additional Plant & Machinery.
- To meet the Working Capital Requirements.
- To meet the Issue Expenses.
- General Corporate Purposes.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 1,159.93 | 823.80 | 688.60 |
| Total Assets | 1,658.86 | 1,467.32 | 1,247.18 |
| Reserve & Surplus | 439.93 | 803.80 | 668.60 |
| Total Borrowings | 133.69 | 206.37 | 166.26 |
| Total Revenue | 2,918.44 | 2,117.84 | 1,573.34 |
| Profit After Tax | 356.14 | 155.19 | 68.80 |
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 Type | Fixed Price Issue IPO |
| IPO Price | ₹ 40 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 shares |
| Issue Size | 2,850,000 shares (aggregating up to ₹ 11.40 crores) |
| Fresh Issue | 2,850,000 shares (aggregating up to ₹ 11.40 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Nikunj Stock Brokers |
| Market maker portion | 144,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% of the net offer |
| Retail shares offered | 50% 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 Date | September 15, 2023 |
| Closing Date | September 20, 2023 |
| Basis of Allotment | September 25, 2023 |
| Initiation of Refunds | September 26, 2023 |
| A credit of shares to Demat A/c | September 27, 2023 |
| Listing Date | September 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 120,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 120,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 240,000 |
Promoters Holdings
Mr. Jolly Cyriac and Mr. Ishach Sainuddin the promoters of the company.
| Pre-issue Shares Holdings | 87.30% |
| Post-issue Shares Holdings | 62.54% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Holmarc Opto-Mechatronics Limited Building No. 11/490, B-7, HMT Industrial Estate, Kalamassery, Kanayanoor Taluk, Ernakulam – 683503 Phone: +91 484 2953780 Email: cs@holmarc.com Website: https://www.holmarc.com/ |
| IPO Registrar | Cameo Corporate Services Limited Phone: +91-44-28460390 Email: cameo@cameoindia.com Website: https://ipo.cameoindia.com/ |
| IPO Lead Manager(s) | Finshore Management Services Limited |
FAQs
What is Holmarc Opto-Mechatronics’s IPO price?
The Holmarc Opto-Mechatronics IPO price is ₹ 40 per share.
What minimum lot size can retail investors subscribe to?
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.
When will the Holmarc Opto-Mechatronics IPO allotment be available?
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.
When will the Holmarc Opto-Mechatronics IPO be listed on exchanges?
The Holmarc Opto-Mechatronics IPO shares listing date is September 28, 2023.
