'H. M. Electro Mech Limited' Filed DHRP with BSE SME

H. M. Electro Mech Limited (“The Company” or “HMEML”) has filed its Draft Red Herring Prospectus (“DRHP”) with BSE SME on June 28, 2024.

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The Company was originally established in Year of 2003 as a partnership firm named as ‘M/s H.M. Engineers” under the Partnership Act, 1932, later it converted from partnership firm to (Joint Stock Company under Part I company) a public limited company named as “H. M. Electro Mech Limited” Initially the core Business of the Company was Infra projects related to water supply scheme involving Pumping Machineries and allied accessories for water and waste water. Over the years it has diversified in the field of electrification projects with Indian railways, Nationalized Banks and Municipal Corporations. The Company plans to raise fund through Initial Public Offering of shares (aggregating up to Up to 37,00,000 Equity Shares (Face Value Rs.10 each) OBJECTS OF THE ISSUE: The Company proposes to utilise the Net Proceeds towards funding the following objects: 1. To Meet Working Capital Requirements 2. General Corporate Purposes The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited and Registrar to the Issue is Cameo C