Aprameya Engineering was incorporated on December 28, 2021. The company is engaged in the business of installation, set up, and maintenance of Intensive Care Units, Neonatal Intensive Care Units, Pediatric Intensive Care Units, Operation Theatre, and prefabricated structure wards in hospitals and medical care centres on a turnkey basis along with a supply of high-value healthcare equipment and diagnostic equipment to private hospitals, Government hospitals and medical practitioners.
| Bidding Dates |
|---|
| 25 Jul 2024 - 29 Jul 2024 |
| Subscription |
|---|
| 179.08x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,12,000 | 1 | 1 | 2000 | 5.0 M | ₹56 - ₹58 | 73.53 % | ₹282.2 M - ₹292.3 M | RHP DOC |
Aprameya Engineering IPO SUBSCRIPTION STATUS
29 Jul '24Aprameya Engineering IPO overall subscription rate was 179.08 times the total available shares
Aprameya Engineering IPO retail subscription rate was 249.49 times in the retail segment
Aprameya Engineering IPO non-institutional investor subscription rate was 451.77 times in the non-institutional investor category
Aprameya Engineering IPO Qualified Institutional Bidder subscription rate was 47.97 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 Jul 2024 (Day 3) | 249.49x | 451.77x | 47.97x |
26 Jul 2024 (Day 2) | 7.98x | 4.79x | 3.98x |
25 Jul 2024 (Day 1) | 2.68x | 1.92x | 3.98x |
Aprameya Engineering FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 34.6 | 651.6 | -99.8 | -105.9 | 9.1% |
| FY23 | 53.7 | 781.2 | -134.9 | -135.2 | 12.1% |
| FY22 | 166.2 | 1,999.9 | -3.7 | -14.2 | 12.4% |
Aprameya Engineering IPO SUBSCRIPTION STATUS DETAILS
Aprameya Engineering had 5.0 M shares on offer
Aprameya Engineering IPO offer price was in the range ₹56 - ₹58
Aprameya Engineering IPO minimum Investment was ₹112000
Aprameya Engineering IPO issue size was ₹ 282.2 M - ₹ 292.3 M
Aprameya Engineering had a minimum lot size of 2000 Shares per application
Aprameya Engineering NUMBER OF SHARES ON OFFER
Aprameya Engineering IPO IMPORTANT DATES
| Issue Open Date | 25 Jul 2024 |
| Issue close Date | 29 Jul 2024 |
| Allotment Date | 30 Jul 2024 |
| Refund Date | 31 Jul 2024 |
| Demat Account Credit Date | 31 Jul 2024 |
| Listing Date | 01 Aug 2024 |
| Listing on Exchange(s) | NSE |
| Aprameya Engineering Allotment Status | Exchange |
Aprameya Engineering IPO subscription opened on 25 Jul 2024, and closed on 29 Jul 2024
IPO allotment for Aprameya Engineering was finalized on Tuesday, 30 Jul 2024
IPO listing for Aprameya Engineering was on NSE on Thursday, 01 Aug 2024
Aprameya Engineering IPO LISTING GAINS
| Issue Price (adjusted) | 58.0 |
| Listing Open Price | 72.0 |
| Listing Close Price | 75.6 |
| Listing Gain% | 24.1% |
| Current Gain% | 145.9% |
Aprameya Engineering Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aprameya Engineering Ltd. | 142.6 | 271.5 | 53.2 | -0.8 | 4.9 | 7.4 | 6.2 | 55.6 | -59.2 | 5.1 | -68.3 | 2.7 | -68.3 |
| Tarsons Products Ltd. | 312.3 | 1661.6 | 116 | -2.2 | 3.9 | 2.2 | 1.2 | 446.7 | 9.4 | 14.3 | -51.9 | 2.7 | -51.9 |
| Fabtech Technologies Cleanrooms Ltd. | 385 | 474.3 | 30 | 15.2 | 8.5 | 221.7 | 46.9 | 15.8 | 19 | 12.8 | |||
| Hemant Surgical Industries Ltd. | 356.2 | 464.5 | 24.2 | 13.9 | 7 | 237.7 | 112.7 | 19.2 | 138.7 | 14.7 | |||
| Prevest Denpro Ltd. | 380.8 | 457.1 | 22.3 | 1.7 | 6.4 | 16.4 | 15.4 | 76.7 | 14.4 | 20.5 | 12.9 | 17.1 | 12.9 |
| QMS Medical Allied Services Ltd. | 113.3 | 219.1 | 18.4 | -0.2 | 1.3 | 11.4 | 5.6 | 173.9 | 10.3 | 11.9 | -1.5 | 6.2 | -73.8 |
Aprameya Engineering INFORMATION ON IPO ISSUE
About Aprameya Engineering
Aprameya Engineering was incorporated on December 28, 2021. The company is engaged in the business of installation, set up, and maintenance of Intensive Care Units, Neonatal Intensive Care Units, Pediatric Intensive Care Units, Operation Theatre, and prefabricated structure wards in hospitals and medical care centres on a turnkey basis along with a supply of high-value healthcare equipment and diagnostic equipment to private hospitals, Government hospitals and medical practitioners.
Object of the Issue
- To meet incremental working capital requirements (including augmentation on long-term working capital)
- General corporate purpose
- To meet issue expenses
Aprameya Engineering - PROMOTERS
| Name |
|---|
| Saurabh Kishorbhai Bhatt |
| Chetan Mohan Joshi |
Aprameya Engineering Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Aprameya Engineering Registrar to the Issue
Link Intime India Private Limited
aprameya.ipo@linkintime.co.in
Aprameya Engineering Strengths
Rapid growth
The company has rapid growth in the business with a focus on setting up healthcare infrastructure
Track record of execution capabilities
The company has a track record of execution capabilities of setting up ICUs, NICUs, PICUs as well as operation theatre
Firm arrangement with suppliers
The company has a firm arrangement with many medical equipment suppliers and manufacturers
Aprameya Engineering Risks
Dependent on state governments
The company is dependent on State governments in India and related agencies for a part of its business, which is awarded primarily through competitive bidding processes
Sources equipment from third party
The company faces risks relating to sourcing medical equipment from third parties
IPO FAQs
The promoters of the company are Saurabh Kishorbhai Bhatt and Chetan Mohan Joshi.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 56.0 - 58.0.
The IPO application opens on Jul 25, 2024 and closes on Jul 29, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 112,000.0, the maximum value for this IPO is Rs 116,000.0.
This IPO will be allotted on Jul 30, 2024.
The refund will be credited to your account on Jul 31, 2024.
The allotted shares will be credited to your demat on Jul 31, 2024.
Aprameya Engineering Ltd.’s shares listed on the stock exchanges on Aug 01, 2024.