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.
