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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 ₹58.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,12,000 (2000 shares). The minimum lot size investment for 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 Date | July 25, 2024 to July 29, 2024 |
| Listing Date | August 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹56 to ₹58 per share |
| Issue Price Final | ₹58 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,40,000 shares (aggregating up to ₹29.23 Cr) |
| Reserved for Market Maker | 2,54,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.47 Cr) |
| Net Offered to Public | 47,86,000 shares (aggregating up to ₹27.76 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,40,00,000 shares |
| Share Holding Post Issue | 1,90,40,000 shares |
Aprameya Engineering IPO offers total 50,40,000 shares. Out of which 23,92,000 (47.46%) allocated to QIB, 9,58,000 (19.01%) allocated to QIB, 7,18,000 (14.25%) allocated to NII, 16,76,000 (33.25%) allocated to RII and 14,34,000 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,54,000 (5.04%) |
| QIB Shares Offered | 23,92,000 (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 (14.25%) |
| Retail Shares Offered | 16,76,000 (33.25%) |
| Total Shares Offered | 50,40,000 (100.00%) |
Aprameya Engineering IPO raises ₹8.32 crore from anchor investors. Aprameya Engineering IPO Anchor bid date is July 24, 2024. Aprameya Engineering IPO Anchor Investors list
| Bid Date | July 24, 2024 |
| Shares Offered | 14,34,000 |
| Anchor Portion Size (In Cr.) | 8.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 28, 2024 |
Aprameya Engineering IPO opens on July 25, 2024, and closes on July 29, 2024.
| IPO Open Date | Thu, Jul 25, 2024 |
| IPO Close Date | Mon, Jul 29, 2024 |
| Tentative Allotment | Tue, Jul 30, 2024 |
| Initiation of Refunds | Wed, Jul 31, 2024 |
| Credit of Shares to Demat | Wed, Jul 31, 2024 |
| Tentative Listing Date | Thu, Aug 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 29, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Aprameya Engineering Limited's revenue decreased by -16.23% and profit after tax (PAT) dropped by -35.62% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 7,560.42 | 6,189.03 | 4,870.84 |
| Total Income | 6,562.22 | 7,833.35 | 20,026.16 |
| Profit After Tax | 345.67 | 536.92 | 1,661.91 |
| Net Worth | 2,336.76 | 1,992.49 | 1,452.94 |
| Reserves and Surplus | 936.76 | 592.49 | 752.94 |
| Total Borrowing | 4,204.83 | 2,873.95 | 1,368.28 |
| Amount in ₹ Lakhs | |||
The market capitalization of Aprameya Engineering IPO is ₹110.43 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 2.47 | 1.82 |
| P/E (x) | 23.49 | 31.95 |
The company intend to utilize the proceeds of the Issue to meet the following objects:-
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of health care services and providing related equipment. It has posted de-growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears exorbitantly priced. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
| Listing Date | August 1, 2024 |
| BSE Script Code | |
| NSE Symbol | APRAMEYA |
| ISIN | INE0LQG01010 |
| Final Issue Price | ₹58 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹58.00 |
| Open | ₹72.00 |
| Low | ₹72.00 |
| High | ₹75.60 |
| Last Trade | ₹75.60 |
Aprameya Engineering Ltd.
908, 9th Floor, Venus Atlantis Corporate Park
Anandnagar,
Prahladnagar,
Ahmedabad, Gujarat, 380015
Phone: + 079-40068827
Email: cs@aelhealth.com
Website: https://www.aelhealth.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: aprameya.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Aprameya Engineering IPO is a SME IPO of 50,40,000 equity shares of the face value of ₹10 aggregating up to ₹29.23 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 2000.
The IPO opens on July 25, 2024, and closes on July 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 July 25, 2024 and closes on July 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 Wednesday, July 31, 2024. Check the Aprameya Engineering IPO allotment status.
The Aprameya Engineering IPO listing date is on Thursday, August 1, 2024.
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