Aprameya Engineering Limited IPO

NiftyTrader • July 21, 2024

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Aprameya Engineering IPO opens on July 25, 2024, and closes on July 29, 2024. The allotment for the Aprameya Engineering IPO is anticipated to be completed on Tuesday, July 30, 2024. The IPO will be listed on the NSE and SME, with a tentative date of Wednesday, August 1,2024.

The price band for the Aprameya Engineering IPO is set at Rs 56 to Rs 58 per share. The IPO is a book-built issue of Rs 29.23 crores, entirely a fresh issue of 50.4 Lakhs shares.

Aprameya Engineering IPO Details

IPO Date	July 25, 2024 to July 29, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹56 to ₹58 per share
Lot Size	2000 Shares
Total Issue Size	5,040,000 shares (aggregating up to ₹29.23 Cr)
Fresh Issue	5,040,000 shares (aggregating up to ₹29.23 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	14,000,000
Shareholding post-issue	19,040,000
Market Maker portion	254,000 shares

Aprameya Engineering IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹116,000
Retail (Max)	1	2000	₹116,000
HNI (Min)	2	4000	₹232,000

Aprameya Engineering IPO Objectives

The objectives of the Issue are:

To meet incremental working capital requirements (including augmentation on Long Term Working Capital)
General Corporate Purpose.

About Aprameya Engineering Limited

Aprameya Engineering, established as a partnership firm on September 5, 2003, has grown its business to deliver healthcare solutions focused on cost-effectiveness and improved accessibility. The company’s products are categorized into two main areas: establishing healthcare infrastructure within hospitals and medical care centers, and dealing in high-value medical equipment. Since 2020, Aprameya Engineering has been setting up ICUs and operation theaters, installing around 2,000 critical care beds, including ICUs, NICUs, and PICUs. Additionally, they are establishing modular operation theatres throughout the state of Rajasthan.

Aprameya Engineering Limited Financial Information

Aprameya Engineering Limited’s revenue decreased by -60.88% and profit after tax (PAT) dropped by -67.69% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,189.03	4,870.84	1,087.00
Revenue	7,833.35	20,026.16	2,601.23
Profit After Tax	536.92	1,661.91	102.04
Net Worth	1,992.49	1,452.94	372.96
Reserves and Surplus	592.49	752.94
Total Borrowing	2,873.95	1,368.28	148.27

Aprameya Engineering IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Aprameya Engineering IPO Timeline

Aprameya Engineering IPO opens on July 25, 2024, and closes on July 29, 2024.

IPO Open Date	Thursday, July 25, 2024
IPO Close Date	Monday, July 29, 2024
Basis of Allotment	Tuesday, July 30, 2024
Initiation of Refunds	Wednesday, July 31, 2024
A credit of Shares to Demat	Wednesday, July 31, 2024
Listing Date	Thursday, August 1, 2024
Cut-off time for UPI mandate confirmation	5 PM on July 29, 2024

Conclusion

The Aprameya Engineering IPO, opening on July 25, 2024, and closing on July 29, 2024, offers a book-built issue of Rs 29.23 crores through the issuance of 5,040,000 fresh shares at a price band of Rs 56 to Rs 58 per share. The IPO aims to meet the company’s incremental working capital needs and general corporate purposes. Aprameya Engineering, established in 2003, focuses on cost-effective healthcare solutions, particularly in setting up critical care beds and modular operation theaters. Despite a significant revenue and profit decline in the fiscal year ending March 31, 2023, the IPO presents an opportunity for investors, with shares listed on the NSE SME on August 1, 2024.