Aprameya Engineering IPO: Price Band, Lot Size, Financials & Review
Aprameya Engineering IPO listed on NSE on Thu, 1 Aug 2024. The issue was subscribed 192.57x overall.
- Open Date
- 25 Jul 2024
- Close Date
- 29 Jul 2024
Last updated
- Price band
- ₹56 – ₹58
- Lot size
- 2,000 shares
- Min. investment
- ₹2,32,000
- Issue size
- ₹29.23 Cr
- Last GMP
- +₹23
- Subscribed
- 🔥 192.57x
Aprameya Engineering IPO details
Aprameya Engineering IPO is a ₹29.23 Cr iPO on the SME segment, listing on NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Thu, 25 Jul 2024 to Mon, 29 Jul 2024. Allotment was finalised on Tue, 30 Jul 2024, and the shares listed on NSE on Thu, 1 Aug 2024.
The price band is ₹56 to ₹58 per share and the lot size is 2000 shares, so the minimum retail application is ₹2,32,000. Retail investors can apply for up to 1 lots (2,000 shares, ₹1,16,000).
MUFG Intime India Pvt Ltd is the registrar.
Grey market premium (GMP)
Day-wise GMP →The last Aprameya Engineering IPO GMP before listing was +₹23 (+39.66% against the upper price band of ₹58), implying an estimated listing price of ₹81.
| Last GMP | +₹23 |
|---|---|
| GMP vs upper band | +39.66% |
| Estimated listing price | ₹81 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Aprameya Engineering IPO day-wise GMP.
Subscription
Day-wise subscription →Aprameya Engineering IPO was subscribed 192.57x overall: QIB 90.29x, NII 339.99x and retail 187.88x.
| Category | Subscribed |
|---|---|
| QIB | 90.29x |
| NII | 339.99x |
| Retail | 187.88x |
| Total | 192.57x |
Final figures at the close of bidding on 29 Jul 2024. Category-wise bids, application-wise breakup and allotment chances are on the Aprameya Engineering IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 14,34,000 | 28.45% |
| Market Maker | 2,54,000 | 5.04% |
| Qualified Institutions | 9,58,000 | 19.01% |
| Non-Institutional | 7,18,000 | 14.25% |
| Retail Investors | 16,76,000 | 33.25% |
| Total | 50,40,000 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Aprameya Engineering IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,16,000 |
| Retail (Max) | 1 | 2,000 | ₹1,16,000 |
| S-HNI (Min) | 2 | 4,000 | ₹2,32,000 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹58, the issue is priced at 23.49x pre-issue earnings and 31.95x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Promoter holding falls from 100.00% before the issue to 73.53% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹2.47 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 23.49x |
| EPS (post-issue) EPS on the enlarged share capital | ₹1.82 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 31.95x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 73.53% |
Aprameya Engineering Limited financials
| Period ended | 31 Mar 2024 |
|---|---|
| Assets | 7,560.42 |
| Total Income | 6,562.22 |
| Profit After Tax | 345.67 |
| Net Worth | 2,336.76 |
| Reserve & Surplus | 936.76 |
| Total Borrowings | 4,204.83 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | The market capitalization of Aprameya Engineering IPO is Rs 110.43 Cr. |
|---|---|
| ROE % | 15.97 |
| ROCE % | 9.60 |
| Debt / Equity | 1.80 |
| RoNW % | 14.79 |
| PbW | 3.48 |
| Pat Margin % | 5.30 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | To meet incremental working capital requirements (including augmentation on Long Term Working Capital) |
| 2 | General corporate purpose |
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.
The company's products can be segregated into two categories:-
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.
Promoters
Saurabh Kishorbhai Bhatt
Chetan Mohan Joshi.
Contact details
Aprameya Engineering Limited
908, 9th Floor, Venus Atlantis Corporate Park
Anandnagar, Prahladnagar,
Ahmedabad-380015
Phone: + 079-40068827
Email: cs@aelhealth.com
Website: https://www.aelhealth.com/
Aprameya Engineering IPO FAQs
- What is the Aprameya Engineering IPO price band?
- The Aprameya Engineering IPO price band is ₹56 to ₹58 per share.
- What is the Aprameya Engineering IPO lot size and minimum investment?
- The Aprameya Engineering IPO lot size is 2000 shares. The minimum retail investment is ₹2,32,000 for one lot at the upper price band. Retail investors can apply for up to 1 lots (2,000 shares), costing ₹1,16,000.
- When was Aprameya Engineering IPO open for subscription?
- Aprameya Engineering IPO was open for subscription from Thu, 25 Jul 2024 to Mon, 29 Jul 2024.
- What is the Aprameya Engineering IPO subscription status?
- Aprameya Engineering IPO was subscribed 192.57x overall: QIB 90.29x, NII 339.99x and retail 187.88x. Day-wise and category-wise figures are on the subscription page.
- What was the Aprameya Engineering IPO GMP before listing?
- The last Aprameya Engineering IPO GMP before listing was +₹23 (+39.66% against the upper price band of ₹58), implying an estimated listing price of ₹81. GMP is an unofficial grey market indicator and can change quickly.
- What is the Aprameya Engineering IPO allotment date?
- The Aprameya Engineering IPO basis of allotment was finalised on Tue, 30 Jul 2024. You can check your allotment status on the MUFG Intime India Pvt Ltd website.
- What is the Aprameya Engineering IPO listing date?
- Aprameya Engineering IPO listed on NSE on Thu, 1 Aug 2024.
- Is the Aprameya Engineering IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Aprameya Engineering IPO?
- The registrar for the Aprameya Engineering IPO is MUFG Intime India Pvt Ltd.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.