Incorporated in 2011, Energy-Mission Machineries (India) Limited designs and manufactures various metal forming machines for industrial metal fabrication. The company’s precision machines are utilized across various industries, such as automotive, steel, furniture, HVAC, agriculture, construction, elevators, food processing, and more. Its products include press brakes, shearing, plate rolling, ironworkers, hydraulic presses, and busbar bending, cutting, and punching machines.
The company exports its products to the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE and Saudi Arabia.
From April 2023 to August 2023, the company supplied more than 1,050 customers with over 1,487 metal forming machines, which include over 600 variations. This occurred over the last three fiscal years and five months.
The company’s manufacturing facility is situated in Sanand, Ahmedabad, spread over 18,234 sq. mtrs. As of August 31, 2023, the manufacturing facility is ISO 9001:2015 certified.
The company has the ability to produce 900 machines annually.
The company sells products in 20 states and 2 Union Territories in India, with most revenue from Maharashtra, Gujarat, and Karnataka.
On October 31, 2023, the company had 253 permanent employees on a consolidated level. It also employed individuals on a contract basis.
Energy-Mission Machineries (India) Limited’s revenue increased by 27.31% and profit after tax (PAT) rose by 135% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,042.31 | 8,258.65 | 7,382.45 | 6,575.72 |
| Revenue | 4,947.77 | 10,066.12 | 7,906.57 | 4,834.07 |
| Profit After Tax | 466.29 | 790.01 | 336.17 | 95.33 |
| Net Worth | 2,819.31 | 2,353.02 | 1,563.01 | 1,226.84 |
| Reserves and Surplus | 1,984.86 | 2,074.87 | 1,284.86 | 948.69 |
| Total Borrowing | 2,421.27 | 2,187.82 | 2,457.23 | 2,228.59 |
| Amount in ₹ Lakhs | ||||
The company intend to utilize the proceeds of the net issue to meet the following objects:
Energy Mission Machineries IPO opens on May 9, 2024, and closes on May 13, 2024.
| IPO Open Date | Thursday, May 9, 2024 |
| IPO Close Date | Monday, May 13, 2024 |
| Basis of Allotment | Tuesday, May 14, 2024 |
| Initiation of Refunds | Wednesday, May 15, 2024 |
| Credit of Shares to Demat | Wednesday, May 15, 2024 |
| Listing Date | Thursday, May 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 13, 2024 |
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