Aprameya Engineering Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 25, 2024 to July 29, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 56 to ₹ 58 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 50,40,000 shares (aggregating up to ₹ 29.23 Cr) |
| Fresh Issue | 50,40,000 shares (aggregating up to ₹ 29.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,40,00,000 |
| Shareholding post issue | 1,90,40,000 |
| Market Maker portion | 2,54,000 shares |
About Aprameya Engineering Limited IPO
Aprameya Engineering started its business to deliver healthcare solutions focused on cost-effectiveness and improved accessibility. They are engaged in selling high-value medical equipment as a dealer of medical equipment manufacturers and suppliers such as Johnson & Johnson Private Limited, Stryker India Private Limited and many other medical equipment manufacturers. With the knowledge and experience of over one & half decades in delivering medical devices for patient care at reasonable outlay, they have during the year 2020 expanded their business activity by providing turnkey healthcare infrastructure solutions by setting up ICU, NICU, PICU, operation theatre projects and prefabricated structure ward on turnkey basis.
Aprameya Engineering IPO is a book-built issue of Rs 29.23 crores. The issue is entirely a fresh issue of 50.4 lakh shares. Aprameya Engineering IPO opens for subscription on July 25, 2024 and closes on July 29, 2024. Aprameya Engineering's IPO price band is set at ₹56 to ₹58 per share. The minimum lot size for an application is 2000 Shares. Hem Securities Limited is the book-running lead manager of the Aprameya Engineering IPO, while Link Intime India Private Ltd is the registrar for the issue.
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 Anchor Investors Details
| Bid Date | July 24, 2024 |
| Shares Offered | 1,434,000 |
| Anchor Portion Size (In Cr.) | 8.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 28, 2024 |
Company & Financials
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:-
- 1. Establishing healthcare infrastructure within hospitals and medical care centres.
- 2. 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.
Objectives of Aprameya Engineering IPO
The company intend to utilize the proceeds of the Issue to meet the following objectives:-
- 1. To meet incremental working capital requirements (including augmentation on Long Term Working Capital).
- 2. General corporate purpose.
Aprameya Engineering IPO Review
The company operates in a highly competitive and fragmented healthcare service segment and provides related equipment. It has posted de-growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears exorbitantly priced. There is no harm in skipping this “High Risk/Low Return” pricey bet.
Aprameya Engineering Limited IPO Financial Information
Latest Revenue
6,562.22
₹ Crore
Profit After Tax
345.67
₹ Crore
Net Worth
2,336.76
₹ Crore
Total Borrowing
4,204.83
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 7,560.42 | 6,562.22 | 345.67 | 2,336.76 | 4,204.83 | ||||
| 31 Mar 2023 | 6,189.03 | 7,833.35 | 536.92 | 1,992.49 | 2,873.95 | ||||
| 31 Mar 2022 | 4,870.84 | 20,026.16 | 1,661.91 | 1,452.94 | 1,368.28 | ||||
| Amount in ₹ Crore | |||||||||
Aprameya Engineering Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 15.97% |
| ROCE | 9.60% |
| Debt/Equity | 1.8 |
| RoNW | 14.79% |
| P/BV | - |
| PAT Margin (%) | 5.3 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.84 | 2.82 |
| P/E (x) | 15.12 | 20.57 |
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Competitive Strengths
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Aprameya Engineering Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹116,000 |
| Retail (Max) | 1 | 2000 | ₹116,000 |
| HNI (Min) | 2 | 4000 | ₹232,000 |