Holmarc Opto-Mechatronics
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 15 Sep 2023 – 20 Sep 2023
- Listing date
- 25 Sep 2023
- Face value
- ₹10 per share
- Issue price
- ₹40 per share
- Lot size
- 3,000 shares
- Issue type
- Fixed Price issue
- Total issue size
- ₹11.40 Cr
- Market cap at offer price
- ₹40.20 Cr
- Promoter holding
- 87.30% → 62.54% pre-issue → post-issue
- ISIN
- INE0LXA01019
- Registrar
- Cameo Corporate Services Ltd.
- Lead managers
- Finshore Management Services Ltd.
- Registered office
- Building No.11/490, B-7, HMT Industrial Estate, Kalamassery, Kanayanoor Taluk, Kerala
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 1,44,000 | — | — |
Application size
Minimum 3,000 shares per lot, in multiples, at ₹40
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3,000 | ₹1,20,000 |
| S-HNI (min) | 2 | 6,000 | ₹2,40,000 |
| S-HNI (max) | 8 | 24,000 | ₹9,60,000 |
| B-HNI (min) | 9 | 27,000 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 4.95 | 3.54 |
| P/E (×) | 8.08 | 11.30 |
| Price to book (×) | 2.48 | — |
| Market cap | — | ₹40.20 Cr |
Key performance indicators
- Return on net worth
- 30.70%
- ROCE
- 33.00%
- Debt / equity
- 0.12
- PAT margin
- 12.27%
- EBITDA margin
- 20.33%
- NAV per share
- ₹16.11
- Price to book
- 2.48
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Holmarc Opto-Mechatronics
Holmarc Opto-Mechatronics Limited was originally incorporated on February 11, 1993 as 'Holmarc Slides and Controls Private Limited', renamed 'Holmarc Opto-Mechatronics Private Limited' on May 01, 2007, and converted into a public limited company named 'Holmarc Opto-Mechatronics Limited' on December 11, 2021. Founded and led by promoters Mr. Jolly Cyriac and Mr. Ishach Sainuddin, it is an ISO 9001:2015 certified company engaged in designing, developing and manufacturing scientific and engineering instruments for Industries, Research and Educational Institutes, with in-house multi-disciplinary capabilities in optics, mechanics, electronics, physical sciences and software. It operates a single manufacturing facility spread over approx. 29,984 sq.ft. at Building No. 11/490, B-7, HMT Industrial Estate, Kalamassery, Kanayanoor Taluk, Ernakulam – 683503, Kerala, and has developed over 800 products with standard specifications along with numerous customized products, supported by technical collaborations/tie-ups with leading/premier research institutes and universities for transfer of technology. Its products are sold to almost 25-30 states in India and 40-50 countries abroad, largely on a purchase-order basis, backed by after-sales service and a one-year warranty on major scientific instruments. Revenue from operations grew from ₹1,553.06 lakhs in FY2021 to ₹2,102.34 lakhs in FY2022 and ₹2,903.67 lakhs in FY2023, with profit after tax of ₹356.14 lakhs in FY2023.
Company Analysis
from DRHPHolmarc Opto-Mechatronics Limited designs and manufactures scientific and engineering instruments — spanning imaging, measuring, spectroscopy, analytical, laboratory and physics instruments, breadboards/table tops, opto-mechanics, optics, linear & rotation stages, motorized stages and industrial automation — for research, industry and education customers.
Holmarc Opto-Mechatronics Limited was originally incorporated on February 11, 1993 as 'Holmarc Slides and Controls Private Limited', renamed 'Holmarc Opto-Mechatronics Private Limited' on May 01, 2007, and converted into a public limited company named 'Holmarc Opto-Mechatronics Limited' on December 11, 2021. Founded and led by promoters Mr. Jolly Cyriac and Mr. Ishach Sainuddin, it is an ISO 9001:2015 certified company engaged in designing, developing and manufacturing scientific and engineering instruments for Industries, Research and Educational Institutes, with in-house multi-disciplinary capabilities in optics, mechanics, electronics, physical sciences and software. It operates a single manufacturing facility spread over approx. 29,984 sq.ft. at Building No. 11/490, B-7, HMT Industrial Estate, Kalamassery, Kanayanoor Taluk, Ernakulam – 683503, Kerala, and has developed over 800 products with standard specifications along with numerous customized products, supported by technical collaborations/tie-ups with leading/premier research institutes and universities for transfer of technology. Its products are sold to almost 25-30 states in India and 40-50 countries abroad, largely on a purchase-order basis, backed by after-sales service and a one-year warranty on major scientific instruments. Revenue from operations grew from ₹1,553.06 lakhs in FY2021 to ₹2,102.34 lakhs in FY2022 and ₹2,903.67 lakhs in FY2023, with profit after tax of ₹356.14 lakhs in FY2023.
Objects of the Issue
- Funding Capital Expenditure towards Purchase of Additional Plant & Machinery ₹ 354.36 Lakhs (31.08% of total issue size) p.75
- Working Capital Requirements ₹ 481.64 Lakhs (42.25% of total issue size) p.75
- Issue Related Expenses ₹ 154.00 Lakhs (13.51% of total issue size) p.75
- General Corporate Purposes ₹ 150.00 Lakhs (13.16% of total issue size) p.75
Issue Structure
- Total Issue
- 28,50,000 Equity Shares aggregating to ₹ 1,140.00 Lakhs (constituting 28.36% of post-issue paid-up equity share capital)
- Fresh Issue
- 28,50,000 Equity Shares aggregating to ₹ 1,140.00 Lakhs (entire issue is a fresh issue)
- Offer for Sale
- Nil
- Price Band
- Fixed Price Issue at ₹40/- per Equity Share (including a share premium of ₹30/- per Equity Share)
- Lot Size
- Minimum 3,000 Equity Shares
- Face Value
- ₹10/- each
Business Model
The Company earns revenue by manufacturing and selling a diversified range of scientific and engineering instruments (both standard-catalogue and customized products built to client specifications) directly to research organizations, universities, corporates, State Govt./Central Govt./PSUs and private customers in India and overseas, generally on a purchase-order basis without long-term contracts, supplemented by after-sales service and warranty support. In FY2023, revenue from operations was ₹2,903.67 lakhs, comprising domestic sales of ₹2,342.73 lakhs, export sales of ₹468.34 lakhs (international operations were 16.13% of total revenue in Fiscal 2023) and freight and packing of ₹92.60 lakhs; sector-wise, Government sales were ₹1,372.34 lakhs and Private sales ₹970.39 lakhs.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Jolly Cyriac | Promoter | 51.40% | 36.82% |
| Ishach Sainuddin | Promoter | 35.90% | 25.72% |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.