Aprameya Engineering IPO is a book-built issue of Rs 29.23 crore. The issue is entirely a new set of 50.4 lakh shares. Aprameya Engineering Limited IPO begins its subscription on July 25, 2024 and ends on July 29, 2024. The value of the Aprameya Engineering IPO announcement is proposed for confirmation on Tuesday, July 30, 2024. Aprameya Engineering Ltd.’s IPO will be listed on the NSE SME. The tentative date of listing as planned is Thursday, August 1, 2024.
Aprameya Engineering IPO price band is managed at ₹56 to ₹58 per share. The minimum quantity of shares for an application is 2000 Shares. In addition, retail investors must invest a minimum of ₹116,000. For HNI trading, the minimum lot size investment is 2 lots, which equals 4,000 shares and costs ₹232,000.
Table of Contents
Company Overview: Aprameya Engineering Limited
Aprameya Engineering Limited was incorporated in September 2003 to provide the installation and maintenance of ICUs, NICUs, PICUs, operation theaters and prefabricated structure wards in hospitals/medical care centre. They offer it on a turnkey basis and also offer healthcare and diagnostic equipment to private hospitals, government hospitals and clinics.
The company’s products can be segregated into two categories:
- Development of healthcare system in the hospitals and medical care facilities.
- Specialises in medical equipment of high value.
From the year 2020 onwards, they are setting up ICUs and Operation theatres, and we have approx 2000 critical care beds including ICUs, NICUs, and PICUs, Modular operation theatres are being set up in all over Rajasthan.
The company has four warehouses: Two centers is in Memnagar, Ahmedabad, one in Prahladnagar, Ahmedabad and the last one is situated at Ashram Road, Ahmedabad.
These include the Electrosurgical Generator, Electrosurgical Unit, CO2 Insufflator, LED Surgery Light, Surgical & medical Examination Light, ICU Respiratory Monitoring System, ICU Ventilation System, Anesthesia Workstation, Jaundice Meter, Anesthesia Machine, and the Harmonic Scale by the company.
At the date of August 31, 2023 the company has forty-four permanent employees managing different aspects of the day-to-day business, advertising, and financials. Such as business operations, marketing, and accounting functions among others.
Aprameya Engineering Limited IPO Details (Offer closed)
| IPO Date | July 25, 2024, to July 29, 2024 |
| Listing Date | Thursday, August 1, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹58 per share |
| Overall Subscription | 5.84x |
| 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 GMP Today
On it first day of offering the overall subscription rate of Aprameya’s IPO surge to 3.48 times. By the second day, the overall subscription rate is at 5.84x. It is generally a low but a positive indicator for the investors. The expected Grey Market Premium of the Aprameya Engineering Ltd. IPO is ₹10. The estimated listing price of the Aprameya Engineering Limited IPO is ₹56-₹58 per share. This price combines the cap price and today’s GMP. This table shows the Aprameya Engineering IPO’s GMP trend from the previous days.
The expected listing share price range of Aprameya Engineering Ltd.'s IPO is ₹58 to ₹70.
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| GMP Date | IPO Price | GMP Price |
| July 30, 2024 | ₹56-₹58 | ₹16 |
| July 29, 2024 | ₹56-₹58 | ₹15 |
| July 28, 2024 | ₹56-₹58 | ₹10 |
| July 27, 2024 | ₹56-₹58 | ₹10 |
| July 26, 2024 | ₹56-₹58 | ₹12 |
| July 25, 2024 | ₹56-₹58 | ₹20 |
| July 24, 2024 | ₹56-₹58 | ₹20 |
| July 23, 2024 | ₹56 to ₹58 | ₹18 |
| July 22, 2024 | ₹56 to ₹58 | ₹18 |
Aprameya Engineering IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Aprameya Engineering IPO Timeline (Tentative Schedule)
Aprameya Engineering IPO opens from July 25, 2024, to July 29, 2024.
Highlights: Important date for Aprameya IPO
| 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 Ltd IPO Lot Size
It allows the investors to offer a minimum of 2000 shares and in lots of such shares. The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| 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)
The revenue growth of Aprameya Engineering Limited declined by – 16. % and profit after tax (PAT) dropped by 35%. 62 % between the financial year ending with 31 March, 2024 and 31 March, 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 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
The market capitalization of Aprameya Engineering Limited IPO is Rs 110.43 crore.
KPI as of 31st March 2024.
| KPI | Values |
| ROE | 15.97% |
| ROCE | 9.60% |
| Debt/Equity | 1.8 |
| RoNW | 14.79% |
| P/BV | 0 |
| PAT Margin (%) | 5.3 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.84 | 2.82 |
| P/E (x) | 15.12 | 20.57 |
Note:
- The Pre IPO EPS is calculated using its Pre issue shareholding as on date of RHP and latest FY from RHP which is March 31, 2023.
- The post-issue EPS is arrived at with the help of post-issue shareholding and annualized FY earnings of March 31, 2023 as disclosed in RHP.
Objects of the Issue (Aprameya Engineering IPO Objectives)
The company intends to utilize the proceeds of the issue to meet the following objectives:
- To meet incremental working capital requirements, including augmentation of long-term working capital.
- General corporate purpose
Investment Rationale
1. Strong Market Position
Aprameya Engineering possesses competitive advantages at its current market stage and focuses on offering clients only the best engineering solutions. This adds strength to the company’s competitiveness through experience and a diversified project portfolio.
2. Growth Potential
The IPO proceeds will be used for expansion, such as the opening of new offices, improving technology, and venturing into new markets. This strategic investment in growth initiatives is expected to create future revenue and greater profitability.
3. Industry Trends
The engineering sector is expected to grow due to enhancement of infrastructure and more industrial projects. The trends in the industry forecasted are positive and are thus favorable for Aprameya Engineering.
Risks and Considerations
1. Market Risks
Like any investment, the IPO is not without its risks, but these are some of the minor issues that might emerge with the IPO. Any fluctuations in markets and times of economic instability or change can affect the performance of the company as well as the stock.
2. Operational Risks
Due to operational issues such as project delays, high costs, and interruptions in supply chain processes, the firm’s profitability and the value of its shares could be impacted.
Aprameya Engineering Limited Contact Details
Aprameya Engineering Limited
908, 9th Floor, Venus Atlantis Corporate Park
Anandnagar, Prahladnagar,
Ahmedabad-380015
Phone: +91-7940068827
Email: [email protected]
Website: https://www.aelhealth.com/
Conclusion
The Aprameya Engineering IPO has all the ingredients of a good investment opportunity, which includes a robust market position, good financials and prospects for growth. However, investors should beware of related risks while also conducting adequate research before investing. Like any IPO, some factors that investors should consider before investing are usually related to the company’s performance, industry, and financial stability.
To get more information and regular updates about the Aprameya Engineering Ltd. IPO, keep in touch with The Invest Advisory.