Holmarc Opto-Mechatronics Ltd IPO Timeline

Holmarc Opto-Mechatronics Ltd IPO opens on 15-Sep-2023, and closes on 20-Sep-2023. The Holmarc Opto-Mechatronics Ltd IPO bid date is from 15-Sep-2023 to 20-Sep-2023. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Holmarc Opto-Mechatronics Ltd IPO Opening Date 15-Sep-2023
Holmarc Opto-Mechatronics Ltd IPO Closing Date 20-Sep-2023
Basis of Allotment 25-Sep-2023
Initiation of Refunds 26-Sep-2023
Credit of Shares to Demat 27-Sep-2023
Holmarc Opto-Mechatronics Ltd IPO Listing Date 25-Sep-2023

Holmarc Opto-Mechatronics Ltd IPO Lot Size

Holmarc Opto-Mechatronics Ltd IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or 120000).

Application Lots Shares Amount
Minimum 1 3000 ₹120000
Maximum 1 3000 ₹120000

Holmarc Opto-Mechatronics Ltd IPO Details

Holmarc Opto-Mechatronics Ltd IPO Date 15-Sep-2023 to 20-Sep-2023
Holmarc Opto-Mechatronics Ltd IPO Face Value Shares of ₹10 per share
Holmarc Opto-Mechatronics Ltd IPO Price ₹40 per share
Holmarc Opto-Mechatronics Ltd IPO Lot Size 3000
Issue Size Shares of ₹10 (aggregating up to ₹11.4 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹11.4 Cr)
Offer for Sale -
Issue Type Fixed Price - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Jolly Cyriac, Ishach Sainuddin.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Funding capital expenditure towards purchase of additional plant & machinery
  • 2 Working capital requirements
  • 3 General corporate expenses

Company Financials

Holmarc Opto-Mechatronics Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2023 16.59 29.18 3.56
03-2022 14.67 21.18 1.55
03-2021 12.47 15.73 0.69
Amount in ₹ Crore
  • Established and proven track record.
  • Leveraging the experience of its Promoters.
  • Experienced management team and a motivated and efficient work force.
  • Cordial relations with its customers.
  • Quality Assurance & Control.
  • The Company is party to certain legal proceedings.
  • Its engage in a competitive business. If the company is unable to compete effectively, the company could lose market share and its business and results of operations could be negatively impacted.
  • The company may face the risk of its products becoming obsolete due to technological advancements, which could impact its ability to compete effectively in the market.
  • The company business requires it to obtain and renew certain licenses and permits from government, regulatory authorities and other national/ international corporations and the failure to obtain or renew them in a timely manner may adversely affect its business operations.
  • If the company is unable to successfully implement its proposed expansion plans; the company results of operations and financial condition could be adversely affected.
  • The Company faces the risk of Unexpected Costs overruns and Losses.
  • The company customers may claim against it and/or terminate its services in whole or in part prematurely should the company fail to satisfy their requirements and expectations or for any other reason.
  • The Company is yet to place orders for purchase of equipment. Any delay in placing orders or procurement of such equipment may delay the schedule of implementation and possibly increase the cost of commencing operations.
  • The company relies significantly on some suppliers for the supply of its raw materials. If these suppliers are unable or unwilling to supply raw materials on time or otherwise fail to meet the company requirements, its business will be harmed. An inability to procure the desired quality, quantity of the company raw materials and components in a timely manner and at reasonable costs, or at all, may have a material adverse effect on its business, results of operations and financial condition.
  • The company has entered into Technical Collaboration Agreement for transfer of technology for manufacturing of certain specific products. If this Technical Collaboration Agreement is terminated or not renewed on terms acceptable to it, it could have a material adverse effect on its business, results of operations and financial condition.
  • The company generally do business with its customers on purchase order basis and do not enter into long term contracts with most of them.
  • As part of the company growth strategy, its intend to expand and increase of the business operations in geographical areas where the company has limited or no presence. Its cannot assure you that the expansion plans will be profitable or that such expansion will not adversely affect the company business, results of operations and financial condition.
  • The company efforts to introduce new products are dependent on the success of its research and development initiatives. The company inability to successfully develop and commercialize new products in a timely manner could adversely impact its business, growth and financial condition.
  • The company has only one manufacturing facility.
  • The company business is subject to seasonal and other fluctuations that may affect its cash flows and business operations.
  • The Company may face risks associated with business transactions with Government Entities or Agencies.
  • The Company may face risk related to hazards inherent in manufacturing process and product liability.
  • The company revenues are highly dependent on clients located in India. Any decline in the economic health of India could adversely affect its business, financial condition and results of operations.
  • The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
  • The average cost of acquisition of Equity Shares by the company Promoters is lower than the Issue Price.
  • The company has issued Equity Shares in the last 12 (twelve) months at a price which is lower than the Issue Price.
  • The company has certain contingent liabilities, which, if materialized, may affect its financial condition and results of operations.
  • The company is required to furnish bank guarantees to its certain clients. The company inability to arrange such guarantees or the invocation of such guarantees may adversely affect its cash flows and financial condition.
  • The Company's insurance policies may not protect it against certain operational risks or claims by its employees.
  • The company may not be able to prevent unauthorised use of trademarks obtained/ applied for by third parties, which may lead to the dilution of the company goodwill.
  • Brand recognition is important to the success of the company business, and its inability to build and maintain of the brand names will harm the company business, financial condition and results of operation.
  • The company success depends on stable and reliable logistics and transportation infrastructure. Disruption of logistics and transportation services could impair the ability of its suppliers to deliver materials or the company ability to deliver materials to its customers and/ or increase of the transportation costs, which may adversely affect its operations.
  • Latent defects in the company products may increase it's after-sales cost or its may suffer losses on account of replacements/product recalls.
  • The company debt financing agreements contain certain restrictive covenants that may adversely affect the Company's business, credit ratings, prospects, results of operations and financial condition.
  • The company continued success is dependent on its senior management and skilled manpower. The company inability to attract and retain key personnel may have an adverse effect on its business prospects.
  • Certain relevant copies of educational qualification and experience certificates of the company promoters/Directors are not traceable.
  • Some of the details mentioned in the respective KYC Documents of the company promoters and Directors are not same as other KYC documents.
  • In addition to the company existing indebtedness for its operations, The company may be required to obtain further loan during the course of business. There can be no assurance that the would be able to service its existing and/or additional indebtedness.
  • The company has not made any alternate arrangements for meeting its regular working capital requirements. If the company operations do not generate the necessary cash flow, its working capital requirements may negatively affect the company operations and financial performance.
  • The company is subject to risks resulting from foreign exchange rate fluctuations, which could adversely affect of the results of operations.
  • Certain Agreements /deeds may be in the previous name of the company.
  • Any destruction, breakdown, theft the company major plants or equipment or failures to repair or maintain the same may adversely affect its business, cash flows, financial condition and results of operations.
  • Orders placed by customers may be delayed, modified, cancelled or not fully paid for by the company customers, which may have an adverse effect on its business, financial condition and results of operations.
  • Some of the KMPs is associated with the company company for less than one year.
  • If the company is unable to manage/arrange funds (including at short notice) to meet its working capital requirements, there may be an adverse effect on the company results of operations.
  • The company manufacturing Unit is situated in Ernakulam, Kerala and its operations may be affected by various factors associated with the region where its operate.
  • Cost escalation due to foreign exchange fluctuations towards import of new machinery.
  • Delays or defaults in customer payments could adversely affect the company financial condition.
  • The Company's warehouse/godown is not owned by it. The said facility has been taken on rent from Kerala State Small Industries Association. In the event its lose such rights, The company business, financial condition and results of operations, and cash flows could be adversely affected.
  • If The company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
  • The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • Major fraud, lapses of internal control or system failures could adversely impact the company's business.
  • The company may not be successful in implementing its business strategies.
  • Some of the approvals are required to be updated consequent to the change in the name of the Company.
  • The company lenders have charge over its book debts, stocks in respect of finance availed by it.
  • Excessive dependence on Canara Bank in respect of Loan facilities obtained by the Company.
  • The company Promoters have provided personal guarantees for loans availed by the Company. Its business, financial condition, results of operations, cash flows and prospects may be adversely affected by the invocation of all or any personal guarantees provided by the Promoter.
  • The company provide after sales service to its customers. Any failure or deterioration of after sale service could have an adverse effect on the company business, reputation, results of operations or financial condition.
  • An inability to renew quality accreditations in a timely manner or at all, or any deficiencies in the quality of the company products may adversely affect its business prospects and financial performance.
  • The company has in the past encountered delays in the implementation and execution of its orders.
  • The company has entered into, and will continue to enter into, related party transactions.
  • Shortage or non-availability of essential utilities such as electricity could affect the company manufacturing operations and have an adverse effect on its business, results of operations and financial condition.
  • Non-availability of initial period secretarial/ statutory records of the company filed with ROC since incorporation.
  • The company may not be able to secure new contracts and/or customers.
  • An inability to manage the company growth could disrupt its business and reduce of the profitability.
  • The company Directors and certain Key Management Personnel hold Equity Shares in the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
  • The company management will have broad discretion in how its apply the Net Proceeds of the Issue and there is no assurance that the Objects of the Offer will be achieved within the time frame expected, or at all, or that the deployment of Net Proceeds in the manner intended by it will result in an increase in the value of your investment.
  • The Promoter and Promoter Group will continue to exercise control post completion of the Issue and will have considerable influence over the outcome of matters.
  • The company is subject to risks arising from interest rate fluctuations, which could adversely affect its business, financial condition and results of operations.
  • The Company does not have any listed peer companies for comparison of performance and therefore, investors must rely on their own examination of accounting ratios of the Company for the purposes of investment in the Issue.
  • The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
  • Portion of the company Issue Proceeds are proposed to be utilized for general corporate purposes amounting to Rs.150.00 lakhs which constitute 13.16% of the total Issue Proceeds.
  • The company Board of Directors and management may change its operating policies and strategies without prior notice or shareholder approval.
  • Industry information included in this draft prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
  • The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • Focus on Increase in Volume of Sales:
  • Reduction of operational costs and achieving efficiency:
  • Improving operational efficiencies:
  • Leverage and enhance its goodwill in the market:
  • Leveraging its Market skills and Relationships:

Holmarc Opto-Mechatronics Ltd IPO Promoter Holding

Pre Issue Share Holding 87.3%
Post Issue Share Holding 62.54%

Holmarc Opto-Mechatronics Ltd IPO Subscription Status (Bidding Detail)

The Holmarc Opto-Mechatronics Ltd IPO is subscribed - times on Sep 20, 2023 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - -

Holmarc Opto-Mechatronics Ltd IPO Prospectus

Holmarc Opto-Mechatronics Ltd IPO Listing Date

Listing Date 25 Sep 23
BSE Script 91849
Listing In NSE - SME
IPO Price ₹40
Face Value ₹10

Holmarc Opto-Mechatronics Ltd IPO Registrar

Cameo Corporate Services Ltd

Phone: +91-44-40020700, 28460390
Email: cameo@cameoindia.com
Website: www.cameoindia.com

Holmarc Opto-Mechatronics Ltd IPO Lead Manager(s)

  1. Finshore Management Services Ltd

FAQs on Holmarc Opto-Mechatronics Ltd IPO

Holmarc Opto-Mechatronics Ltd IPO, which opens for subscription from 15-Sep-2023 to 20-Sep-2023 has an issue size of ₹11.4 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Holmarc Opto-Mechatronics Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Holmarc Opto-Mechatronics Ltd IPO Opens for subscription from 15-Sep-2023 to 20-Sep-2023.

The lot size of Holmarc Opto-Mechatronics Ltd is 3000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹120000 and ₹120000 respectively.

Allotment date for Holmarc Opto-Mechatronics Ltd is 25-Sep-2023 and refund of application amount (in case allotment is not received) will begin from 26-Sep-2023. If your allotment goes through, then shares will be credited in your Demat account by 27-Sep-2023.

The registrar for Holmarc Opto-Mechatronics Ltd IPO is Cameo Corporate Services Ltd. You can check your IPO allotment status on the registrar's website.

The shares of Holmarc Opto-Mechatronics Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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