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Aprameya Engineering Limited

SME

Issue Price

₹56- ₹58

per equity share

Issue Size

50.4 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

2000

equity share

Please note

Listing at NSE

Aprameya Engineering Limited

Important Dates

IPO Open Date

25 Jul 2024

IPO Close Date

29 Jul 2024

Allotment Date

30 Jul 2024

Initiation of Refunds

31 Jul 2024

Credit of Shares to Demat Account

31 Jul 2024

IPO Listing Date

01 Aug 2024

UPI Mandate Expiry Date

29 Jul 2024

IPO Details

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. 

About Aprameya Engineering Limited

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.

Parent Organisation

-

Founded

2003

Managing Director

Saurabh Kishorbhai Bhatt

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. 

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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