August 1, 2024
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Aprameya Engineering IPO listing Review
Aprameya Engineering IPO allotment Link
What is the latest grey market premium of Aprameya Engineering IPO?
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Subscription status of Aprameya Engineering IPO
Aprameya Engineering IPO Subscription StatusPrice Rs. 58, Lot 2000 shares Rs.19.44 Crore |
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| QIB | NII X | RII X | Total X | Applications |
| 90.29 | 339.99 | 187.88 | 192.57 | 157442/187.88x |
| Amount wise bids recd. Rs.3743.56 Crore | ||||
| Note: Strong subscriptions raised | ||||
What is the business of Aprameya Engineering?
Aprameya Engineering specializes in installing and maintaining critical healthcare infrastructure such as Intensive Care Units (ICU), Neonatal Intensive Care Units (NICU), Pediatric Intensive Care Units (PICU), and operation theatres, as well as prefabricated structure wards in hospitals and medical centers. It provides comprehensive turnkey solutions to both private hospitals and government medical facilities across Rajasthan.
As authorized dealers for renowned medical equipment manufacturers like Johnson & Johnson Private Limited and Stryker India Private Limited, it offers a wide range of high-value healthcare and diagnostic equipment. Its expertise, built over more than fifteen years, ensures efficient delivery of medical devices that meet stringent patient care standards at cost-effective prices.
In 2020, it expanded our operations to include turnkey healthcare infrastructure solutions, focusing on setting up ICU, NICU, PICU, and modular operation theatre projects, along with prefabricated structure wards. Since then, it has successfully installed over 2000 critical care beds in collaboration with prominent government hospitals such as Dr. S N Medical College – Jodhpur, Government Medical College – Kota, RMSCL – Jaipur, RNT Medical College – Udaipur, and SMS Medical College – Jaipur.
Its product and service portfolio spans two main areas: healthcare infrastructure setup within medical facilities and the distribution of high-value medical equipment. This dual focus allows it to cater effectively to the evolving needs of healthcare providers across Rajasthan, ensuring superior patient care through state-of-the-art facilities and advanced medical technologies.
Get more information about the company @ https://www.aelhealth.com/
Aprameya Engineering IPO Details |
|
| IPO opens on | 25 July 2024 |
| IPO closes on | 29 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5040000 Shares / Rs 29.23 Crore |
| * Fresh Issue | 5040000 Shares / Rs 29.23 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 254000 Shares |
| Net offer to Public | 4786000 Shares/ Rs.27.76 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.56-58 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 2393000 | 13.88 |
| NII (15%) | 717900 | 4.16 |
| RII (35%) | 1675100 | 9.72 |
| Total Shares | 4786000 | 27.76 |
| Retail portion will be oversubscribed by | 838 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.116000 |
| Min HNI Application | 4000 Shares | Rs.232000 |
Who are the Promoters of Aprameya Engineering IPO?
The promoters of the company are Saurabh Kishorbhai Bhatt and Chetan Mohan Joshi.
What are the Objects of Aprameya Engineering IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
1.To meet incremental working capital requirements (including augmentation on Long Term Working Capital)
2.General corporate purpose
Tentative timetable |
|
| IPO opens on | 25 July 2024 |
| IPO Closes on | 29 July 2024 |
| IPO Allotment on | 30 July 2024 |
| Refund Initiation | 31 July 2024 |
| Credit of Shares | 31 July 2024 |
| Listing on | 1 August 2024 |
| Registered Office of the Company Aprameya Engineering Limited 908, 9th Floor, Venus Atlantis Corporate Park Anandnagar, Prahladnagar, Ahmedabad-380015 |
| Who is the Lead Manager of this IPO? Hem Securities Limited |
| Who is the Registrar to IPO? Link Intime India Private Ltd |
Aprameya Engineering IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 200.26 | 16.62 | 11.87 | 114 |
| 2022-23 | 78.33 | 5.37 | 3.84 | 27 |
| 2023-24 6M | 65.16 | 3.46 | 2.47 | 15 |
| Book Value of the Share on 31.03.2024 | Rs 16.69 | |||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 58 | |||
IPO
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| Price/last EPS of 22-23 | 23.48 |
| Price/BV Ratio | 3.47 |
| Upper price/BV after IPO | – |
How Aprameya Engineering IPO compares with the Peers?
There is no listing company having such type of business.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
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Aprameya Engineering IPO Review
Aprameya Engineering specializes in installing and maintaining critical healthcare infrastructure such as Intensive Care Units (ICU), Neonatal Intensive Care Units (NICU), Pediatric Intensive Care Units (PICU), and operation theatres, as well as prefabricated structure wards in hospitals and medical centers. It provides comprehensive turnkey solutions to both private hospitals and government medical facilities across Rajasthan.
Size: Net size of the IPO is Rs. 27.76 crore, which is not very small, compared to other SME IPOs. The retail portion is Rs. 9.72 Crore and NII portion is Rs.4.16 Crore. Huge oversubscription is possible.
Financial Snapshot: The company has show consistent downtrend in its topline and bottomline since 2021-22 to 2023-24. This is one major negative point in this analysis. Otherwise the shares are offered at reasonable valuation. The track record of Hem Securities is also good.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
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Aprameya Engineering IPO GMP grey market premium
Aprameya Engineering IPO FAQs
What is Aprameya Engineering IPO?
This is a SME IPO of 6582000 equity shares of the face value of Rs. 10 aggregating up to Rs.61.21 Crores. The issue is priced at Rs.91-93 per share. The minimum order quantity is 1200 Shares.
When will Aprameya Engineering IPO subscription open?
The IPO opens on July 23, 2024, and closes on July 25, 2024.
What is the lot size of Aprameya Engineering IPO?
The IPO lot size is 1200 Shares, and the minimum amount required is Rs.111600
How to apply for Aprameya Engineering IPO?
You can apply in this IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Clinitech Laboratory IPO allotment?
The finalization of Basis of Allotment for this IPO will be done on 26 July, 2024, and the allotted shares will be credited to your demat account by July 29, 2024.
When is Aprameya Engineering IPO listing date?
This IPO listing date is July 30, 2024.
