Holmarc Opto-Mechatronics IPO - Review, Valuation & Today GMP

Holmarc Opto-Mechatronics Limited - Complete Overview

Established in 1993, Holmarc Opto-Mechatronics Limited is a manufacturer of a diverse range of scientific and engineering instruments catering to the needs of research, industry, and education.

Their product offerings encompass Imaging Instruments, Measuring Instruments, Spectroscopy tools, Analytical Instruments, Lab Equipment, Physics Lab Instruments, Breadboard/Table Tops, Opto-mechanical components, Optics, Linear and rotation Stages, Motorized Linear and rotation Stages, Industrial Automation solutions, and more.

Situated in Kalamassery, Kanayanoor, Ernakulam, Kerala, their manufacturing facility spans approximately 29,984 square feet. Equipped with cutting-edge machinery and instrumentation, this facility has the capability to produce a wide array of products.

Holmarc specializes in manufacturing import substitute products for the Indian market that also have significant potential in the international export market. 

Some notable examples of these products include the Quantum Efficiency Measurement Station for solar cells, UV Laser Marking Station for photo-lithography, Automated Rotary Antenna Positioners, Spectroscopic Ellipsometer for thin film measurements, UV

Ozone Cleaner, Spectroscopic Reflectometer, Photo Detector Measurement System, Raman Spectrometer, and more.

Over the past three decades, Holmarc has successfully developed and introduced numerous products featuring unique designs tailored for scientific and engineering applications. 

The company boasts a portfolio of over 800 products with standardized specifications and has undertaken numerous customized product development projects to meet specific client requirements.

As of the end of the financial year 2023, Holmarc has achieved a revenue of 2,903.67 lakhs.

 

 

What does the company do?

Holmarc Opto-Mechatronics Limited manufactures a wide range of scientific and engineering instruments catering to the needs of research, industry, and education.

 

Company Products 

Breadboard/Table Tops, Imaging Instruments, Opto-mechanics, Measuring Instruments, Optics, Spectroscopy, Linear and Rotation Stages, Analytical Instruments, Motorized Linear and Rotation Stages, Lab Instruments,  Industrial Automation, and Physics Lab Instruments.

 

IPO Overview

Holmarc Opto-Mechatronics Limited's IPO date is scheduled to be open for subscription from September 15th to September 20th, 2023. 

This upcoming SME IPO is set to be listed on the NSE SME platform at an issue price of Rs. 40 per share. 

The company aims to raise Rs. 11.40 crore through this IPO, which follows a Fixed Price Issue model, with the registrar being Cameo Corporate Services Ltd.

Keep reading, for a detailed SME IPO review.

 

Holmarc Opto-Mechatronics Limited IPO timetable (Tentative)

Events	Date
IPO Opening Date	15 September 2023
IPO Closing Date	20 September 2023
IPO Allotment Date	25 September 2023
Refund initiation	26 September 2023
IPO Listing Date	28 September 2023

 

Holmarc Opto-Mechatronics Limited IPO Details 

IPO Opening & Closing Date	15 September to 20 September 2023
Face value	Rs.10 per share
Issue Price	Rs. 40 per share
Lot Size	3000 Shares
Price of 1 lot	Rs.120,000
Issue Size	2,850,000 Shares (aggregating up to Rs. 11.40 Cr)
Offer for sale	NA
Fresh issue	2,850,000 Shares (aggregating up to Rs. 11.40 Cr)
Listing at	NSE SME
Issue Type	Fixed Price Issue IPO
Registrar	Cameo Corporate Services Ltd.

 

Holmarc Opto-Mechatronics Limited IPO Lot Details 

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
Minimum Lot Investment (HNI)	2 Lot

 

Holmarc Opto-Mechatronics Limited IPO Reservation

Other Investors Share Portion	50%
Retail Investors Share Portion	50%

 

Company Financial

Amount in Lakhs

Period	FY - 21	FY - 22	FY - 23
Total Assets	1247.18	1467.32	1658.86
Total Revenue	1573.34	2117.84	2918.44
PAT	68.80	155.19	356.14
Net Worth	688.60	823.80	1159.93
Reserve & Surplus	668.60	803.80	439.93
Total Borrowings	166.26	206.37	133.69

 

Product-wise break up of Holmarc Opto-Mechatronics Limited Revenue

(Amount in Lakhs)

Particulars	FY 23	FY 22	FY 21
Imaging Instruments	165.44	45.19	66.29
Measuring Instruments	38.32	11.88	24.36
Spectroscopy	121.72	118.75	98.10
Analytical Instruments	354.10	120.05	158.75
Lab Instruments	518.12	417.47	330.18
Physics Lab Instruments	246.84	230.67	170.76
Breadboard/Table Tops	630.91	494.01	256.46
Opto-mechanics	343.53	288.87	148.53
Optics	59.57	83.32	37.31
Linear and Rotation Stages	116.03	57.62	45.81
Motorized Linear and Rotation Stages	133.00	137.78	136.32
Industrial Automation	67.27	22.62	40.99
Other Equipment	16.22	11.94	4.95
Freight and Packing	92.60	62.17	34.25
Total	2,903.67	2,102.34	1,553.06

 

Objective of the Issue

The funds raised will be deployed to achieve the following objectives:

• Financing Capital Expenditure for the acquisition of additional plant and machinery.
• Addressing working capital needs.
• Covering the expenses related to the IPO.

 

Promoters and Management of Holmarc Opto-Mechatronics Limited

Mr. Jolly Cyriac and Mr. Ishach Sainuddin serve as the promoters of the company.

Pre-issue Promoter Shareholding	87.30%
Post-issue Promoter Shareholding	62.54%

 

Peer Comparison 

According to the Holmarc Opto-Mechatronics DRHP, no other listed companies in India provide products or services that span across the diverse business segments in which the company operates.

 

IPO's Valuations

To assess the IPO valuation, we can utilize the information provided by the company. Holmarc Opto-Mechatronics IPO price is Rs.40 each, and the EPS stands at Rs.4.95. Calculating the P/E ratio based on the issue price, the company's P/E ratio is 8.08.

 

Dividend Policy

The company has a consistent track record of distributing dividends on its equity shares over the past five financial years. In FY 2022-23, FY 2021-22, FY 2020-21, FY 2019-20, and FY 2018-19, it disbursed dividends of 0.30, 10.00, 10.00, 7.50, and 6.00, respectively.

 

IPO's Strengths

• A stable organizational structure coupled with proficient management.
• Seamless operational processes.
• A clearly delineated and well-structured organization.
• A fully equipped manufacturing facility designed to cater to a wide range of products.
• Established and enduring supplier relationships.
• Adherence to stringent quality assurance standards and accreditations.
• A diverse product portfolio.

 

IPO Weaknesses

• The company is involved in specific legal proceedings.
• The company operates in a competitive industry.
• The business necessitates acquiring and renewing licenses and permits from various governments, regulatory bodies, and national/international organizations.
• The company operates solely from one manufacturing facility.
• The company experienced negative cash flow in the recent fiscal year.
• The promoters' average acquisition cost of Equity Shares is lower than the Issue Price.
• Equity Shares were issued by the company in the past 12 months at a price lower than the Issue Price.

 

 

IPO GMP Today

Latest GMP of Holmarc Opto-Mechatronics Limited IPO is Rs. 10.

 

Conclusion

Holmarc India operates in a fiercely competitive market, but the company has demonstrated commendable growth and profit generation. Investors may apply for this IPO after conducting a thorough analysis.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

 

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

 

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