IPO Details
Bidding Dates
14 Sep '23 - 19 Sep '23
Minimum Investment
₹120,000 / 1 Lots ( 3000 Shares )
Price Range
₹40
Maximum Investment
₹120,000 / 1 Lots ( 3000 Shares )
Retail Discount
Not Applicable
Issue Size
₹11.40 Cr
Investor category and sub category
Non-Institutional Buyers | Retail Investors |Holmarc Opto-Mechatronics IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 14, 2023
IPO Closing Date
Sep 19, 2023
Basis of Allotment
Sep 24, 2023
Initiation of Refunds
Sep 25, 2023
Credit of Shares to Demat Account
Sep 26, 2023
IPO Listing Date
Sep 27, 2023
UPI mandate confirmation
Sep 19, 2023
Holmarc Opto-Mechatronics IPO Subscription Details
| Date | Retail | Total |
|---|---|---|
Day 1Sep 14, 2023 |
2.51 | 1.44 |
Day 2Sep 17, 2023 |
2.72 | 8.37 |
Day 3Sep 19, 2023 |
40.28 | 28.13 |
Holmarc Opto-Mechatronics IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 2.72 |
| Retail Investors | 14.00 |
| Total | 8.37 |
About Holmarc Opto-Mechatronics Ltd.
Holmarc Opto-Mechatronics Ltd was incorporated in the year 1993. It manufactures a variety of scientific and engineering instruments for research, industry and education e.g. instruments for imaging, measuring, Spectroscopy, analytical instruments, lab instruments, breadboard/table tops, Opto-mechanics, Optics, Linear & Rotation Stages, etc. Of these, breadboard/table tops provides the highest revenue share, at around 21.7% of total revenue in FY 2022-23.
Holmarc’s unique products also include Robotic Thin Film Coating System popularly known as Silar Coating Unit, Automated Spray Pyrolysis System for solar cells,Tribo-electric Measurement Station for load cell testing, LBIC and PL (Laser Beam Induced Current Measurement and Photo-Luminescence) system, among others.
One of the unique characteristics of Holmarc is the maintenance and modification support that they give for all their products as long as their customer needs it irrespective of warranty or year of purchase. It maintains a wide network with all major research and educational institutes in India.
The electrical equipment market in India is expected to increase by US$ 33.74 billion from 2021 to 2025, at a CAGR of 9%. The engineering R&D and product development market in India is forecast to post a CAGR of 12% to reach US$63 billion by 2025, from US$ 31 billion in 2019. Therefore, the company may take advantage of a steady expansion of its market in the coming years.
Holmarc Opto-Mechatronics Ltd IPO Details
Holmarc Opto-Mechatronics Ltd IPO Date
Retail investors can bid for the Holmarc Opto-Mechatronics IPO that will be open between September 15, 2023 and September 20, 2023. The IPO will be listed on the NSE SME exchange on Monday, September 28, 2023.
Holmarc Opto-Mechatronics Ltd IPO Price Band
Holmarc Opto-Mechatronics is a fixed price IPO with a price range of ₹40 per share.
Holmarc Opto-Mechatronics Ltd IPO Lot Size
The Holmarc Opto-Mechatronics Ltd IPO has a lot size of 3,000 shares. Therefore, the minimum investment for retail investors will be around ₹1,20,000.
Holmarc Opto-Mechatronics Ltd IPO Objectives
The net proceeds of the fresh issue are proposed to be utilised in the following manner:
- Funding capital expenditure towards the purchase of additional plant & machinery.
- To meet the working capital requirements.
- Meet the issue expenses.
- General corporate purposes
Peer Details
Holmarc does not have any listed peer companies for comparison of performance.
How to Check the Allotment Status of the Holmarc Opto-Mechatronics Ltd IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Holmarc Opto-Mechatronics Ltd
Registered office: Building No. 11/490, B-7, HMT Industrial Estate, Kalamassery, Kanayanoor Taluk, Ernakulam – 683503, Kerala, India
Phone: +91 484 2953780
E-mail: cs@holmarc.com
Holmarc Opto-Mechatronics Company Financials
| Financial year | FY23 (₹ in lakh) | FY22 (₹ in lakh) | FY21 (₹ in lakh) |
|---|---|---|---|
| Total Revenue | 2,918.44 | 2,117.84 | 1,573.34 |
| Profit After Tax (PAT) | 356.14 | 155.19 | 68.80 |
| Current Ratio | 4.13 | 3.16 | 2.61 |
| Return on Capital Employed | 33% | 23.05% | 13.09% |
| Debt Service Coverage Ratio | 9.14 | 6.04 | 3.80 |
Know before investing
Strengths
3-
Holmarc’s operations are well diversified. Its highest-selling product gives only 21% of its revenue. Its top 10 suppliers provide only around 39% of its raw materials.
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In the last 3 years, Holmarc has consistently improved its financials at a commendable rate. Solvency, debt servicing and profitability have all improved.
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They are led by their two promoters who individually have over 3 decades of experience in the industry.
Risks
3-
The company is in a field where the technology changes very quickly. With a wide range of products, the company runs the risk of not being able to invest in adequate R&D for each of its products and hence lose market share in multiple product lines.
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The business is dependent on the continuing relationships with the customers. The company neither has any long-term contract with any customer nor has any marketing tie-up for their products.
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They have only one manufacturing facility. This may be an operational risk as their operations are dependent on one source of production only.
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Holmarc Opto-Mechatronics IPO FAQs
Holmarc Opto-Mechatronics IPO is a fixed price fresh issue IPO with a price range of ₹40 per share. The issue opens on September 15, 2023.
The allotment will happen on September 25, 2023.
The IPO subscription window will open on September 15, 2023.
Retail investors can apply for a minimum of one lot, which consists of 3,000 shares.
Holmarc Opto-Mechatronics Ltd IPO will be listed on the NSE SME on September 28th, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is September 28th, 2023, for Holmarc Opto-Mechatronics Ltd.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
