HM Electro Mech IPO is an entirely fresh issuance of 36.99 lakh shares offered at a price band of Rs 71 to Rs 75 per share.The total offer size is valued at Rs 27.74 crore at the upper price band.HM Electro Mech shares are expected to list on BSE SME on Jan. 31.HM Electro Mech IPO GMP (grey market premium) was Rs 25 as of 7:29 am on Friday.