SME IPOs Open Today: Subscriptions start for HM Electro Mech and GB Logistics; check price bands, lot size, key dates, and allotment

Two IPOs from the Small and Medium Enterprise (SME) segment— H.M. Electro Mech IPO and GB Logistics Commerce Limited IPO —opened for bidding today, January 24, 2025 (Friday). The terms set for the HM Electro Mech IPO is acceptable betwixt Rs 71 and Rs 75 per stock , portion the terms set for GB Logistics is acceptable betwixt Rs 95 and Rs 102 per share.

Let’s instrumentality a look astatine cardinal details of each IPO:

HM Electro Mech IPO

The HM Electro Mech IPO is opening for bidding contiguous (January 24, 2025), and volition adjacent connected January 28, 2025. This IPO is simply a book-built contented with a full size of Rs 27.74 crore, comprising wholly of a caller contented of 36.99 lakh shares.

The terms set for the IPO has been acceptable astatine Rs 71 to Rs 75 per share. Investors tin bid for a minimum batch of 1,600 shares, requiring a minimum concern of Rs 1,20,000 for retail investors. High net-worth individuals (HNIs) indispensable use for astatine slightest 2 tons (3,200 shares), amounting to Rs 2,40,000.

HM Electro Mech: Listing and Allotment

The allotment of shares is expected to beryllium finalised connected January 29, 2025, with the shares apt to database connected the BSE SME level connected January 31, 2025.

Objectives of Issue

The proceeds from the caller contented volition beryllium utilised to conscionable the company’s moving superior requirements and for wide firm purposes.

HM Electro Mech Overview  

Established successful 2003, HM Electro Mech Limited is an infrastructure institution focused connected turnkey projects. Its services see the supply, installation, testing, and commissioning of pumping machinery, on with broad cognition and attraction solutions. 

The company’s superior concern revolves astir electrification projects for Indian Railways, banks, and municipal corporations. It has besides ventured into EPC projects, encompassing the operation of cross-country pipelines and civilian works for h2o proviso systems, specified arsenic h2o attraction plants, pump houses, diesel generators, sheet rooms, instrumentation, and PLC-SCADA systems.

GB Logistics Commerce Limited 

The GB Logistics IPO is opening for subscription connected January 24, 2025, and volition adjacent connected January 28, 2025. This IPO is simply a book-built contented with a full size of Rs 25.07 crore, comprising wholly of a caller contented of 24.58 lakh shares.

The terms set for the IPO has been acceptable astatine Rs 95 to Rs 102 per share. Investors tin bid for a minimum batch of 1,200 shares, requiring a minimum concern of Rs 1,22,400 for retail investors. High net-worth individuals (HNIs) request to use for astatine slightest 2 tons (2,400 shares), amounting to Rs 2,44,800.

GB Logistics: Listing and Allotment

The allotment of shares is expected to beryllium finalised connected January 29, 2025, with the shares apt to beryllium listed connected the BSE SME level connected January 31, 2025.

Objectives of Issue 

The funds raised done the IPO volition beryllium utilised for the pursuing purposes:

 1. Prepayment oregon repayment of a information of the company’s outstanding borrowings  
2. Working superior requirements  
3. Expenditure towards the acquisition of motortruck chassis and motortruck bodies  
4. General firm purposes

GB Logistics Company Overview

Incorporated successful 2019, GB Logistics Commerce Limited is simply a logistics institution that provides broad services to negociate proscription needs. The institution offers qualified drivers, a fleet of vehicles, and a charter network, ensuring flexibility, responsiveness, and high-capacity transportation. 

GB Logistics chiefly focuses connected afloat truckload freight services for ample and medium-sized enterprises, efficiently utilising some its ain and third-party proscription resources. The institution operates successful 2 concern segments: logistics and trading of cultivation commodities.