Ameya Precision Engineers IPO Guidance & Details

Ameya Precision Engineers IPO Listing on 8 September 2022
Issued at Rs. 34
Listed at Rs. 68.40
Day high Rs. 71.80
Closed at Rs. 65.40

Grey Market News for Ameya Precision Engineers IPO #
On 8 September 2022
Grey Market Premium:  Rs. –

Subscription Trend
On 30 August 2022 @ 5.00 pm
NII (50%) 10,50,0000 Shares: 259.16 T
RII (50%) 10,50,000 Shares: 243.53 T
Tot 21,00,000 Shares: 251.35 T

Ameya Precision Engineers IPO Details
IPO Date August 25, 2022, to August 30, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 34 per share
IPO Lot Size 4000 Shares
Issue Size 21,00,000 shares of Rs 10
(Aggregating up to Rs 7.14 Cr)
Fresh Issue 1500000 shares of Rs 10
(Aggregating up to Rs 5.10 Cr)
OFS 6,00,000 shares of Rs 10
(Aggregating up to Rs 2.04 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered 50% of the net offer
NII (HNI) Shares Offered 50% of the net offer

Retail Quota: 50 % / 1050,000 Shares
Minimum 4000 Rs 136,000
Maximum 4000 Rs 136,000
Retail: 262 Applications required for one-time subscriptions.

Ameya Precision Engineers IPO Timetable 
IPO Opening Date August 25, 2022
IPO Closing Date August 30, 2022
Basis of Allotment Sept 2, 2022
Initiation of Refunds Sept 2, 2022
Credit of Shares to Demat Sept 5, 2022
IPO Listing Date Sept 6, 2022

Ameya Precision Engineers Business 

Ameya Precision Engineers Limited is engaged in manufacturing of high-end precision components
(Shafts, and other trim components) for the general engineering industry, but in particular valve and pump manufacturing. It also offers specialized processes like hard-facing and overlay of wear and corrosion-resistant alloys in line with ASME procedures. It offers an end-to-end solution from procurement of raw material to final dispatch of hard-facing and overlay components.
All its hard-facing and overlay is done to ASME IX qualifications, an international stipulation for doing this kind of work in the high-pressure valve and pump industry (high pressure here is different from low pressure valve and pump side, which does not always need hard-facing and overlay).
Its major customers are valve and pump manufacturers. Though currently, its customer base in these sectors, the set-up of machinery is flexible to cater to any engineering industry, that needs high precision components.

The Company has a manufacturing facility situated at Gat No 345, Pune Satara Road, Village Kasurdi (KB), Village Kasurdi (KB), Bhor, Pune – 412205, Maharashtra, India. The unit exports to the United States of America, United Kingdom, Germany, Singapore, Slovenija, Austria, and Brazil

The customer base is spread across the globe with presence in countries like United States of America United Kingdom, Germany, Singapore, Slovenija, Austria, and Brazil. The majority of its sales are through exports which contributed 98.18%, 96.95%, 95.94% and 94.85% respectively to its total sales for the period ended September 30, 2021, and for the year ended March 31, 2021, 2020 and 2019 respectively.

For more information about the company, Click www.ameyaengineers.com

Promoters of Ameya Precision Engineers

Bipin Shirish Pande & Nikhil Shirish Pande

Ameya Precision Engineers: Objects of the IPO
1. To Meet the Capital Expenditure Requirements
2. Funding working capital requirements

Registered office of Ameya Precision Engineers
Gat No. 345, Kasurdi, Pune Satara Highway,
Pune 412 205, Maharashtra, India.
Company Secretary and Compliance Officer: Aakanksha Rajeev Kelkar

Lead Manager of Ameya Precision Engineers IPO
Beeline Capital Advisors Private Limited

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20 Rs 3.00
Earnings per Share 2020-21 Rs 4.54
Earnings per Share 2021-22 6M Rs 1.52
Return on Net Worth: 19-20: 19.44 %
Return on Net Worth: 20-21: 22.75 %
Return on Net Worth: 21-22 6M: 7.06 %
Book Value of the Share as on 30.9.21 Rs 21.49
NAV after the IPO Rs. (?)
Offer Price Rs. 34

IPO Peer Comparison:
Remsons Industries @ PE Multiple of 22.74
Kranti Industries @ PE Multiple of 197.50
Atam Valves @ PE Multiple of 17.64

Observation by Paresh Gordhandas (Research Analyst)

Guidance: Will be updated soon

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