Aprameya Engineering IPO: Checkout the new IPO in Detail

• Aprameya Engineering IPO is a book-built issue of Rs 29.23 crores.
• This upcoming IPO bidding opens on July 25 and closes on July 29, 2024.
• Aprameya Engineering SME IPO price band is set at Rs 56 - Rs 58 per share.
• The minimum investment required Rs 1,16,000.

Aprameya Engineering IPO: Synopsis

Aprameya Engineering IPO is open for subscription starting Thursday, July 25, 2024, and closing on Monday, July 29, 2024. The price of this upcoming IPO is set at Rs 56 to Rs 58 per share. 

The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,16,000 ( 58 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,32,000 (58 x 4000 shares). 

Aprameya Engineering IPO is a book-built issue of Rs 29.23 crores. This upcoming IPO is an entirely fresh issue of Rs 50.40 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, July 30, 2024. 

Aprameya Engineering IPO will be listed on BSE SME on Thursday, August 1, 2024. Hem Securities Limited is the book-running lead manager, Link Intime India Private Limited is the registrar. 

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Aprameya Engineering IPO: About the Company

Aprameya Engineering was incorporated in 2003 and is engaged in installing and maintaining Intensive Care Units, Neonatal Intensive Care Units, Pediatric Intensive Care Units, Operation Theatres, and prefabricated structure wards in hospitals and medical care centres.

Their products can be divided into 2 categories: establishing healthcare infrastructure within hospitals and medical care centres and dealing in high-value medical equipment. 

Aprameya provides these services turnkey and supplies high-value healthcare and diagnostic equipment to private hospitals, government hospitals, and medical practitioners.

They provides a 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. 

The company has four warehouses -  two in Memnagar, Ahmedabad, one in Prahladnagar, Ahmedabad and the fourth one on Ashram Road, Ahmedabad. 

Aprameya Engineering IPO: Objectives

The amount raised through this initial public offer will be used for meeting the day-to-day capital needs for the proper functioning of the business. Additionally, to fulfil the general corporate purposes. 

Aprameya Engineering IPO: Other Important Details

Time-Table of Aprameya Engineering IPO

Aprameya Engineering IPO: Financial Metrics (Amt in Rs Lakhs)

Aprameya Engineering posted revenue of Rs 7,833.35 lakhs and net profit of Rs 536.92 lakhs for the period ending on March 31 2023. The company’s revenue decreased by -60.88% but net profit dropped by -67.69% between the FY ending on 31 March 2023 and 31 Mar 2022. 

Minimum Investment: Lot Size Details

Promoters of Aprameya Engineering Limited and Their Holdings

The promoters of Aprameya Engineering Company are Saurabh Kishorbhai Bhatt and Chetan Mohan Joshi. The promoter's shareholdings before the IPO is 100%, but after the IPO, the shareholding details are unavailable.

Aprameya Engineering: Strength of Company

1.     Aprameya Engineering provides a wide range of medical equipment and solutions. 

2.     The company instals and maintains Intensive Care Units, Neonatal Intensive Care Units, Operation Theatres. 

3.     Aprameya provides turnkey services and supplies high-value healthcare and diagnostic equipment to private hospitals and government hospitals.

FAQs

1. What are the details of the Aprameya Engineering IPO?

Aprameya Engineering IPO is a book-built issue of Rs 29.23 crores. This upcoming IPO is an entirely fresh issue of Rs 50.40 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, July 30, 2024. 

2. Who are the lead managers for the Aprameya Engineering IPO?

Hem Securities Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Link Intime India in this IPO?

Link Intime India Private Limited is the registrar for Aprameya Engineering Limited, handling the IPO's administrative aspects.

4. How can I apply for the Aprameya Engineering IPO?

The public subscription of this new IPO will open on July 25, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The amount raised through this initial public offer will be used for meeting the day-to-day capital needs for the proper functioning of the business. Additionally, to fulfil the general corporate purposes. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Aprameya Engineering Limited IPO by visiting here. For further updates follow Bigul. 

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