Aprameya Engineering IPO subscription starts on Thursday, July 25 and ends on Monday, July 29. The IPO is a book built issue of Rs. 29.23 crores. The issue is fresh issue of up to 50.40 lakh equity shares (including Market Maker portion of 2.54 lakh shares).

Aprameya Engineering IPO price range sets to Rs. 56 to Rs. 58 per equity shares with a face value of Rs. 10 each. The minimum order quantity of the issue is 2,000 equity shares. The minimum amount of investment required for Retail is ₹1,16,000. The minimum bid size for sHNI is 2 lots aggregating to ₹2,32,000. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.

The allotment for the Aprameya Engineering IPO is expected to be finalized on Tuesday, July 30, 2024. Aprameya Engineering IPO will list on NSE SME (small and medium enterprises) with tempting listing date fixed as Thursday, August 1, 2024.

Hem Securities Limited is book running lead manager of the IPO. Axis Bank Limited is sponsor bank to the issue. Link Intime India Private Limited is registrar to the Aprameya Engineering IPO.

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Aprameya Engineering Limited Financial Information –

Risk Factors –

• The Company has a total debt of Rs. 42.04 crores which is 12 times more than its PAT (profit after tax.)
• The Company has faced negative net cash flows in the past years.
• The Company profits and revenues are decreasing from past 2 years.

Objects of the issue –

The Company proposes to utilize the Net Proceeds of the issue to meet the following objects:-

1. To meet incremental working capital requirements
2. General corporate purpose

About Aprameya Engineering Limited – (https://www.aelhealth.com/)

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. The Company aims to leverage the most intuitive and innovative products and medical solutions to the least ordinary person.