Aprameya Engineering IPO Allotment Finalized Today: Check Your Status Now!

The IPO for Aprameya Engineering Limited saw huge interest and was fully subscribed. With the bidding period over, investors are waiting for the allotment results, which are expected to be finalized today.

The SME IPO, worth ₹29.23 crore, was open from July 25 to July 29, with shares priced between ₹56 and ₹58 each.

Here’s how to check your IPO allotment status online:

1. Visit the IPO registrar’s website: Link Intime India.
2. Find the IPO from the list once the allotment is complete.
3. Enter your PAN, demat account, or application number to check your status.
4. Select whether you applied through ASBA or non-ASBA.
5. Enter the details based on your choice in Step 3.
6. Click ‘submit’ after completing the captcha.

Shares will be credited to successful investors’ demat accounts on July 31. If your application is not successful, you’ll get a refund on the same day. The IPO is expected to list on NSE SME on August 1, 2024.

About the IPO:

• The Aprameya IPO was a fresh issue of 50.4 lakh shares, with a minimum lot size of 2,000 shares and an investment of ₹1.16 lakh for retail investors.
• It was heavily subscribed, with the issue receiving bids for 64.54 crore shares against the 33.52 lakh shares available. The Qualified Institutional Buyers (QIBs) segment was subscribed 90.29 times, the retail category 187.88 times, and the Non-Institutional Investors (NII) segment 339.99 times.
• The funds will be used for working capital and general corporate needs. The IPO allocation includes 50% for QIBs, 35% for retail investors, and 15% for NII.

Company Overview:

Aprameya Engineering, founded in September 2003, installs and maintains critical care units in hospitals and supplies high-value medical equipment. It generates ₹65.62 crore in annual revenue, with 71% coming from healthcare infrastructure projects.

Grey Market Premium:

The grey market premium (GMP) for the IPO is ₹30 per share, indicating an expected listing price of ₹88, which is 51.72% higher than the issue price of ₹58. The GMP has been steady at ₹30 since July 26, after increasing from ₹15 on July 25.