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Aprameya Engineering Limited IPO Detail

Aprameya Engineering Limited IPO Detail

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.

The company's products can be segregated into two categories:-
  1. Establishing healthcare infrastructure within hospitals and medical care centers.
  2. Dealing in high-value medical equipment

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.

Company Promoters

The promoters of the company are Saurabh Kishorbhai Bhatt and Chetan Mohan Joshi.

IPO Details

IPO Opening DateJul 25, 2024
IPO Closing DateJul 29, 2024
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹56 - 58 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size₹29.23 Cr
Fresh Issue5,040,000 shares (aggregating up to ₹29.23 Cr)
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 7.49x 0.00x 0.00x 1.49x 2.11x 3.51x
Day 2 7.49x 0.00x 0.00x 3.28x 6.16x 5.92x
Day 3 90.29x 0.00x 0.00x 339.99x 187.88x 192.57x

IPO Tentative Timetable

The Aprameya Engineering Limited IPO open date is Jul 25, 2024, and the close date is Jul 29, 2024. The issue may list on Aug 01, 2024.

IPO Open DateJul 25, 2024
IPO Close DateJul 29, 2024
Basis of Allotment DateJul 30, 2024
Initiation of RefundsJul 31, 2024
Credit of Shares to Demat AccountJul 31, 2024
IPO Listing DateAug 01, 2024

IPO Lot Size

The Aprameya Engineering Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹116000).

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹116000
Maximum12000₹116000

IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-23 6189.03 7833.35 536.92
31-Mar-22 4870.84 20026.16 1661.91
31-Mar-21 1087.00 2601.23 102.04

Objects of the Issue:

The company intend to utilize the proceeds of the Issue to meet the following objects:-

  1. To meet incremental working capital requirements (including augmentation on Long Term Working Capital)
  2. General corporate purpose

Aprameya Engineering Limited IPO Registrar:

Link Intime India Private Ltd

Aprameya Engineering Limited IPO Lead Manager(s):

Hem Securities Limited

Company Contact Information:

Aprameya Engineering Limited

908, 9th Floor, Venus Atlantis Corporate Park Anandnagar, Prahladnagar

Ahmedabad

Ahmedabad