Aprameya Engineering is scheduled to hit the market on July 25, 2024 and close on July 29, 2024. Aprameya Engineering plans to raise around ₹29.23 Cr through an IPO with a sale of up to 5,040,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Founded in September 2003, Aprameya Engineering Limited specializes in the installation and maintenance of Intensive Care Units (ICU), Neonatal Intensive Care Units (NICU), Pediatric Intensive Care Units (PICU), operation theatres, and prefabricated structure wards in hospitals and medical care centers. Offering these services on a turnkey basis, the company also supplies high-value healthcare and diagnostic equipment to both private and government hospitals, as well as medical practitioners. Since 2020, Aprameya has established around 2000 critical care beds across the state of Rajasthan, including ICUs, NICUs, PICUs, and modular operation theatres.
The company operates four warehouses located in Memnagar, Prahladnagar, and Ashram Road, all in Ahmedabad. With a diverse product range, Aprameya provides essential medical equipment and solutions such as electrosurgical generators, CO2 insufflators, LED surgery lights, ICU respiratory monitoring systems, and anesthesia machines. As of August 31, 2023, the company has a dedicated team of 44 permanent staff members who manage day-to-day operations, marketing, and accounting functions.
Aprameya Engineering IPO Details
Aprameya Engineering IPO opens on July 25, 2024, and closes on July 29, 2024. The Listing date for Aprameya Engineering IPO is on August 01, 2024. The price band for IPO is ₹56 to ₹58 per share and lot size of 2000 Shares.
| IPO Date | July 25, 2024 to July 29, 2024 |
| Listing Date | August 01, 2024 |
| Price | ₹56 to ₹58 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹29.23 Cr |
| Face Value | ₹10 per share |
Aprameya Engineering IPO Tentative Timetable
Aprameya Engineering opening date is July 25, 2024 and close date is July 29, 2024. The IPO allotment date is July 30, 2024. The refund initiation of IPO is on July 31, 2024. The credit of shares in demat account is on July 31, 2024. The listing date is on August 01, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 25, 2024 |
| IPO Closing | July 29, 2024 |
| IPO Allotment Date | July 30, 2024 |
| Refund Initiation | July 31, 2024 |
| Shares Credit to Demat | July 31, 2024 |
| Lisiting Date | August 01, 2024 |
Aprameya Engineering IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹116,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹116,000 |
| Retail(Maximum) | 1 | 2000 | ₹116,000 |
| HNI (Minimum) | 2 | 4000 | ₹232,000 |
Aprameya Engineering IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.53% |
Aprameya Engineering IPO Review
Aprameya Engineering Limited operates four warehouses located in Memnagar, Ahmedabad, Prahladnagar, Ahmedabad, and Ashram Road, Ahmedabad. The company provides a comprehensive range of medical equipment and solutions, such as Electrosurgical Generators, Electrosurgical Units, CO2 Insufflators, LED Surgery Lights, ICU Respiratory Monitoring Systems, ICU Ventilation Systems, Anesthesia Workstations, Jaundice Meters, Anesthesia Machines, and Harmonic Scales. As of August 31, 2023, the company employed 44 permanent staff members responsible for day-to-day business operations, marketing, and accounting functions.
Financially, Aprameya Engineering Limited has faced challenges. Between the fiscal years ending March 31, 2024, and March 31, 2023, the company's revenue decreased by 16.23%, and profit after tax (PAT) dropped by 35.62%. The financial data reveals total assets of ₹7,560.42 lakh, revenue of ₹6,562.22 lakh, and PAT of ₹345.67 lakh for the fiscal year ending March 31, 2024. The company's net worth stands at ₹2,336.76 lakh, with reserves and surplus at ₹936.76 lakh and total borrowing at ₹4,204.83 lakh. The company's key performance indicators as of March 31, 2024, include an ROE of 15.97%, ROCE of 9.60%, Debt/Equity ratio of 1.8, RoNW of 14.79%, and PAT Margin of 5.3%.
Aprameya Engineering Limited is launching its IPO with a market capitalization of Rs. 110.43 crore. The IPO is intended to raise funds to meet incremental working capital requirements and for general corporate purposes. The pre-IPO EPS is calculated at Rs. 3.84, with a P/E ratio of 15.12, while the post-IPO EPS is Rs. 2.82, with a P/E ratio of 20.57. This IPO reflects the company's strategy to leverage additional funds to stabilize and potentially grow its operations amidst a challenging financial landscape.
Aprameya Engineering IPO Subscription Status (Bidding Details)
Table not foundAprameya Engineering IPO Broker Recommendations
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- Arihant Capital: To be updated soon
Aprameya Engineering IPO FAQs
What is Aprameya Engineering IPO?
Aprameya Engineering is issuing 5,040,000 equity shares with a face value of ₹10 each, totaling up to ₹29.23 Cr. The shares are being offered at a price of ₹56 to ₹58 each, with a minimum order quantity of 2000 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Aprameya Engineering IPO will open?
Aprameya Engineering will open on July 25, 2024 for QIB, NII, and Retail Investors.
When Aprameya Engineering IPO will end?
Aprameya Engineering will end on July 29, 2024.
What is Aprameya Engineering IPO Size?
Aprameya Engineering IPO size is ₹29.23 Cr.
What is Aprameya Engineering IPO Price Band?
Aprameya Engineering price band is ₹56 to ₹58 per share.
What is the Aprameya Engineering IPO Allotment Date?
Aprameya Engineering allotment date is July 30, 2024.
What is the Aprameya Engineering IPO Listing Date?
Aprameya Engineering listing date is August 01, 2024. The IPO is to be listed on BSE and NSE.
How to Aprameya Engineering IPO through Zerodha?
To apply for the IPO “Aprameya Engineering” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Aprameya Engineering IPO through Upstox?
To apply for the IPO “Aprameya Engineering” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Aprameya Engineering IPO Allotment Status?
For Aprameya Engineering IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Aprameya Engineering IPO GMP?
You can check out here: Aprameya Engineering IPO GMP