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. The allotment for the Aprameya Engineering IPO is expected to be finalized on Tuesday, July 30, 2024. Aprameya Engineering IPO will be listed on NSE SME with a tentative listing date fixed as Thursday, August 1, 2024.
- Hem Securities Limited is the book-running lead manager.
- Link Intime India Private Ltd is the registrar for the issue.
- Hem Finlease are market maker for Aprameya Engineering IPO.
Below are the details of Aprameya Engineering IPO 2024 Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Aprameya Engineering IPO 2024 Details
| Attribute | Details |
|---|---|
| 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 | 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 Hem Finlease |
Aprameya Engineering IPO Timeline
| Events | 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 |
Aprameya Engineering IPO Lot Size
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,434,000 (28.45%) |
| Market Maker Shares Offered | 254,000 (5.04%) |
| QIB Shares Offered | 958,000 (19.01%) |
| NII (HNI) Shares Offered | 718,000 (14.25%) |
| Retail Shares Offered | 1,676,000 (33.25%) |
| Total Shares Offered | 5,040,000 (100%) |
Aprameya Engineering Anchor Investors
| Details | Timeline |
|---|---|
| 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 |
Aprameya Engineering IPO Promoters Holdings
The promoters of the company are Saurabh Kishorbhai Bhatt and Chetan Mohan Joshi.
| Share Holding Status | Shares |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.53% |
Aprameya Engineering Ltd. Financial Information (Restated)
| Period Ended | 31 March 2024 | 31 March 2023 | 31 March 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 |
As per experts, the company is facing a lot of competition due to its nature of business. This company deals in health care services and related equipment. Also after looking at FY24, the issue seems a bit priced.
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