Aprameya Engineering IPO will open for subscription from 25 July 2024. The company aims for an issue size of ₹29.23 Cr through this IPO.
Company Overview
| Full name | Aprameya Engineering Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.aelhealth.com/ |
About Company
Aprameya Engineering specializes in installing, setting up, and maintaining 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 on a turnkey basis. It also supplies high-value healthcare and diagnostic equipment to private hospitals, government hospitals, and medical practitioners. The company’s revenue from operations has grown by over 201% between Fiscal Years 2021 and 2023, driven by strong demand for the ICU and Operation Theatre turnkey business.
Aprameya Engineering has an order book of INR 12.22 crore as per the latest information. The company has completed projects that include the installation of around 2,000 critical care beds, including ICUs, NICUs, PICUs, and operation theatres across Rajasthan. As of August 31, 2023, the company employs 44 permanent staff members who manage its day-to-day business operations, marketing, and accounting functions.
The Objectives of the Issue
- To meet incremental working capital requirements (including augmentation on Long Term Working Capital)
- General corporate purpose
Aprameya Engineering IPO Timetable
| IPO Opening date | 25 July 2024 |
| IPO Closing | 29 July 2024 |
| Basis of Allotment | 30 July 2024 |
| Initiation Refund | 31 July 2024 |
| Credit to Demat Account | 31 July 2024 |
| Listing Date | 01 August 2024 |
Aprameya Engineering IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹29.23 Cr – 5,040,000 shares |
| Fresh Issue | ₹29.23 Cr – 5,040,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹56 to ₹58 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 254,000 shares |
| Shareholding pre-issue | 14,000,000 |
| Shareholding post-issue | 19,040,000 |
| Listing Exchange | NSE SME |
Aprameya Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹116,000 |
| Retail (Max) | 1 | 2000 | ₹116,000 |
| HNI (Min) | 2 | 4,000 | ₹232,000 |
Aprameya Engineering Offer Documents
Aprameya Engineering IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,434,000 (28.45%) |
| Market Maker Shares Offered | 254,000 (5.04%) |
| QIB Shares Offered | 958,000 (19.01%) |
| NII (HNI) Shares Offered | 718,000 (14.25%) |
| Retail Shares Offered | 1,676,000 (33.25%) |
| Total Shares Offered | 5,040,000 (100%) |
Aprameya Engineering Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 199.99 | 78.12 | 65.16 |
| Expenses | 176.13 | 70.85 | 61.03 |
| Net income | 16.62 | 5.37 | 3.46 |
Aprameya Engineering Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 11.87 | 3.84 | 2.47 |
| PE ratio | – | – | 22.67 – 23.48 |
| RONW (%) | 114.38 | 26.95 | 14.79 |
| NAV | 10.38 | 14.23 | 16.69 |
| ROCE (%) | 88.78 | 19.64 | 9.60 |
| EBITDA (%) | 12.43 | 12.08 | 9.10 |
| Debt/Equity | 0.94 | 1.44 | 1.80 |
Company Promoters
- Saurabh Kishorbhai Bhatt
- Chetan Mohan Joshi.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.53% |
Aprameya Engineering Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 31 July 2024 | 25 | – | 31,500 |
| 30 July 2024 | 25 | – | 31,500 |
| 29 July 2024 | 20 | – | 25,000 |
| 27 July 2024 | 10 | – | 15,000 |
| 26 July 2024 | 10 | – | 15,000 |
| 25 July 2024 | 10 | – | 15,000 |
| 24 July 2024 | 13 | – | 21,000 |
| 23 July 2024 | 13 | – | 21,000 |
| 22 July 2024 | 20 | – | 28,000 |
| 20 July 2024 | 25 | – | 32,000 |
Aprameya Engineering IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 9,58,000 | 7,18,000 | 16,76,000 | 33,52,000 |
| 29 Jul 2024 | 90.29 | 340.04 | 185.63 | 191.46 |
| 26 Jul 2024 | 7.49 | 3.61 | 6.01 | 5.92 |
| 25 Jul 2024 | 7.49 | 1.45 | 2.02 | 3.46 |
Aprameya Engineering IPO Listing Details
| Listing Date | 01 August 2024 |
| BSE Scrip Code | |
| NSE Symbol | APRAMEYA |
| ISIN | INE0LQG01010 |
| Final Issue Price | ₹58 per share |
Aprameya Engineering IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹58.00 |
| Open | ₹72.00 |
| Low | ₹72.00 |
| High | ₹75.60 |
| Last Trade | ₹75.60 |
Aprameya Engineering IPO Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Aprameya Engineering Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91-022-49186200
Email: aprameya.ipo@linkintime.co.in
Website: www.linkintime.co.in
Aprameya Engineering Contact Details
APRAMEYA ENGINEERING LIMITED
908, 9th Floor, Venus Atlantis Corporate Park,
Anandnagar, Prahladnagar, Ahmedabad, Gujarat-380015
Phone: +91-079-40068827
E-mail: cs@aelhealth.com
Website: www.aelhealth.com
Aprameya Engineering IPO FAQs
What is the Aprameya Engineering offer size?
Aprameya Engineering offer size is ₹ 28.22 – 29.23 crores.
What is the Aprameya Engineering offer price band?
Aprameya Engineering public offer price is ₹ 56 – 58 per share.
What is the lot size of the Aprameya Engineering IPO?
Aprameya Engineering offer a lot size is 2,000 shares.
What is Aprameya Engineering Offer GMP today?
Aprameya Engineering IPO GMP today is ₹ 25 per share.
What is the Aprameya Engineering kostak rate today?
Aprameya Engineering kostak rate today is ₹ NA per application.
What is Aprameya Engineering Subject to the Sauda rate today?
Aprameya Engineering is Subject to the Sauda rate today is ₹ 31,500 per application.
Final thoughts
Aprameya Engineering IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
