The issue is entirely a fresh issue of 50.4 lakh shares. Aprameya Engineering IPO is a book built issue of Rs 29.23 crores.
Aprameya Engineering IPO bidding started from July 25, 2024 and ended on July 29, 2024. The allotment for the Aprameya Engineering IPO is expected to be finalized on Tuesday, July 30, 2024. Aprameya Engineering IPO will list on NSE SME with tentative listing date fixed as Thursday, August 1, 2024.
Aprameya Engineering IPO price band is set at ₹56 to ₹58 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹116,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹232,000.
Hem Securities Limited is the book running lead manager of the Aprameya Engineering IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Aprameya Engineering IPO is Hem Finlease.
About Aprameya Engineering Limited
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.
- Establishing healthcare infrastructure within hospitals and medical care centers.
- 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.
Refer to Aprameya Engineering IPO RHP for detailed information.
Aprameya Engineering IPO Details
| IPO Date | July 25, 2024 to July 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹58 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,040,000 shares(aggregating up to ₹29.23 Cr) |
| Fresh Issue | 5,040,000 shares(aggregating up to ₹29.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,000,000 |
| Share holding post issue | 19,040,000 |
| Market Maker portion | 254,000 shares |
Aprameya Engineering IPO Reservation
Aprameya Engineering IPO offers 5,040,000 shares. 958,000 (19.01%) to QIB, 718,000 (14.25%) to NII, 1,676,000 (33.25%) to RII and 1,434,000 (28.45%) to Anchor investors.| 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 IPO Anchor Investors Details
Aprameya Engineering IPO raises Rs 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 | 1,434,000 |
| 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 Timeline (Tentative Schedule)
Aprameya Engineering IPO opens on July 25, 2024, and closes on July 29, 2024.| IPO Open Date | Thursday, July 25, 2024 |
| IPO Close Date | Monday, July 29, 2024 |
| Basis of Allotment | Tuesday, July 30, 2024 |
| Initiation of Refunds | Wednesday, July 31, 2024 |
| Credit of Shares to Demat | Wednesday, July 31, 2024 |
| Listing Date | Thursday, August 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 29, 2024 |
Aprameya Engineering IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.| 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 IPO Promoter Holding
The promoters of the company are Saurabh Kishorbhai Bhatt and Chetan Mohan Joshi.| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.53% |
Aprameya Engineering Limited Financial Information (Restated)
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 |
| Revenue | 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 |
Key Performance Indicator
The market capitalization of Aprameya Engineering IPO is Rs 110.43 Cr.KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 15.97% |
| ROCE | 9.60% |
| Debt/Equity | 1.8 |
| RoNW | 14.79% |
| P/BV | 3.48 |
| PAT Margin (%) | 5.3 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.47 | 1.82 |
| P/E (x) | 23.49 | 31.95 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Aprameya Engineering IPO Objectives)
The company intend to utilize the proceeds of the Issue to meet the following objects:-
- To meet incremental working capital requirements (including augmentation on Long Term Working Capital)
- General corporate purpose
Aprameya Engineering Limited Contact Details
908, 9th Floor, Venus Atlantis Corporate Park
Anandnagar, Prahladnagar,
Ahmedabad-380015
Phone: + 079-40068827
Email: cs@aelhealth.com
Website: https://www.aelhealth.com/
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