Bookbuilding IPO | ₹29 Cr | Listed at NSE SME | Thu, Jul 25, 2024 - Mon, Jul 29, 2024
Aprameya Engineering IPO is a book build issue of ₹29.23 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹29.23 crore.
Aprameya Engineering IPO bidding started from Jul 25, 2024 and ended on Jul 29, 2024. The allotment for Aprameya Engineering IPO was finalized on Jul 30, 2024. The shares got listed on NSE SME on Aug 1, 2024.
Aprameya Engineering IPO price band is set at ₹58 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,16,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,32,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Aprameya Engineering IPO RHP for detailed Information.
IPO Open
Thu, Jul 25, 2024
IPO Close
Mon, Jul 29, 2024
Issue Price
₹58 per share
Market Cap (Pre-IPO)
₹110.43 Cr
| IPO Date | 25 to 29 Jul, 2024 |
| Listed on | Thu, Aug 1, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹58 |
| Issue Price | ₹58 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 50,40,000 shares (agg. up to ₹29 Cr) |
| Reserved for Market Maker | 2,54,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 47,86,000 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 47,86,000 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 1,40,00,000 shares |
| Share Holding Post Issue | 1,90,40,000 shares |
| NSE Symbol | APRAMEYA |
| ISIN | INE0LQG01010 |
Aprameya Engineering IPO comprises a total issue size of 50,40,000 shares. The net offer to the public is 47,86,000 shares, after excluding 2,54,000 shares allotted on a firm basis. Of the Net offer 23,92,000 (49.98%) are allocated to QIB, 7,18,000 (15.00%) allocated to NII 16,76,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 23,92,000 | 49.98% | 47.46% |
| − Anchor Investor Shares Offered | 14,34,000 | 28.45% | |
| − QIB (Ex. Anchor) Shares Offered | 9,58,000 | 19.01% | |
| NII (HNI) Shares Offered | 7,18,000 | 15.00% | 14.25% |
| Retail Shares Offered | 16,76,000 | 35.02% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,54,000 | 5.04% | |
| Total Shares Offered | 50,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,16,000 |
| Retail (Max) | 1 | 2,000 | ₹1,16,000 |
| HNI (Min) | 2 | 4,000 | ₹2,32,000 |
Aprameya Engineering IPO raises ₹8.32 crore from anchor investors. Aprameya Engineering IPO Anchor bid date is July 24, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jul 24, 2024 |
| Shares Offered | 14,34,000 |
| Anchor Portion (₹ Cr.) | 8.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Aug 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Oct 28, 2024 |
Incorporated in September 2003, Aprameya Engineering Limited installs and maintains 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 centres. They provide these services on a turnkey basis and also supply high-value healthcare and diagnostic equipment to private hospitals, government hospitals, and medical practitioners.
Since 2020, the company has been setting up ICUs and operation theatres and has installed around 2000 critical care beds, including ICUs, NICUs, and PICUs, Modular operation theatres are being established throughout the state of Rajasthan.
The company has four warehouses: two in Memnagar, Ahmedabad, one in Prahladnagar, Ahmedabad and the fourth one on Ashram Road, Ahmedabad.
The company provides a wide range of medical equipment and solutions, such as an Electrosurgical Generator, Electrosurgical Unit, CO2 Insufflator, LED Surgery Light, Surgical and medical Examination Light, ICU Respiratory Monitoring System, ICU Ventilation System, Anesthesia Workstation, Jaundice Meter, Anesthesia Machine, and Harmonic Scale.
As of August 31, 2023, the company employed 44 permanent staff members responsible for day-to-day business operations, marketing, and accounting functions. business operations, marketing, and accounting functions.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 75.60 | 61.89 | 48.71 |
| Total Income | 65.62 | 78.33 | 200.26 |
| Profit After Tax | 3.46 | 5.37 | 16.62 |
| NET Worth | 23.37 | 19.92 | 14.53 |
| Reserves and Surplus | 9.37 | 5.92 | 7.53 |
| Total Borrowing | 42.05 | 28.74 | 13.68 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet incremental Working Capital requirements | |
| 2 | General Corporate Purpose |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 15.97% |
| ROCE | 9.60% |
| Debt/Equity | 1.80 |
| RoNW | 14.79% |
| PAT Margin | 5.30% |
| Price to Book Value | 3.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.47 | 1.82 |
| P/E (x) | 23.49 | 31.95 |
| Promoter Holding | 100% | 73.53% |
| Market Cap | ₹110.43 Cr. |
The Aprameya Engineering IPO is subscribed 192.57 times on July 29, 2024 6:20:01 PM (Day 3). The public issue subscribed 187.88 times in the retail category, 90.29 times in the QIB category, and 339.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 90.29 | 9,58,000 | 8,64,98,000 |
| NII* | 339.99 | 7,18,000 | 24,41,10,000 |
| Retail | 187.88 | 16,76,000 | 31,48,84,000 |
| Total | 192.57 | 33,52,000 | 64,54,92,000 |
Total Application : 1,57,442
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting fees | 1.17 |
| 2 | Fees Payable to Registrar to the Issue | 0.03 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.20 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.12 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.03 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Uploading fees and Miscellaneous Expenses) | 2.99 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹58.00 |
| Open | ₹72.00 |
| Low | ₹72.00 |
| High | ₹75.60 |
| Last Trade | ₹75.60 |
Lead Manager Reports
Aprameya Engineering IPO is a SME IPO of 50,40,000 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jul 25, 2024, and closes on Mon, Jul 29, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Aprameya Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Aprameya Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aprameya Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aprameya Engineering IPO opens on Thu, Jul 25, 2024 and closes on Mon, Jul 29, 2024.
Aprameya Engineering IPO lot size is 2000, and the minimum amount required for application is ₹1,16,000.
You can apply in Aprameya Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aprameya Engineering IPO will be done on Tuesday, July 30, 2024, and the allotted shares will be credited to your demat account by Wed, Jul 31, 2024. Check the Aprameya Engineering IPO allotment status.
The Aprameya Engineering IPO listing date is on Thu, Aug 1, 2024.
