Aprameya Engineering Ltd’s initial public offering (IPO) will open for subscription on Thursday, July 25, and close on Monday, July 29. The price range for the shares is set at ₹56 to ₹58 each, with a face value of ₹10 per share. Investors can bid for a minimum of 2,000 shares, and in multiples thereafter.
Allocation
The IPO allocates 50% of the net issue for Qualified Institutional Buyers (QIB), 35% for retail investors, and 15% for Non-Institutional Investors (NII).
Retail investors need to invest at least ₹1.16 lakh for the minimum lot size of 2,000 shares. High Net-worth Individuals (HNIs) need to bid for at least two lots, or 4,000 shares, totaling ₹2.32 lakh at the higher price band.
Background
Founded in September 2003, Aprameya Engineering Limited specializes in providing high-value medical equipment and healthcare infrastructure. Their services include setting up and maintaining operating theaters, intensive care units (ICUs), neonatal ICUs, pediatric ICUs, and prefabricated wards in hospitals.
From FY21 to FY24, the company earned about ₹235 crore from hospital infrastructure projects and set up over 2,000 critical care beds since 2020. They serve clients across India, including private hospitals, government hospitals, AIIMS, medical professionals, and diagnostic centers. In FY23, they successfully set up 175 dialysis centers in government hospitals across Rajasthan with a project value of ₹31.43 crore.
According to their Red Herring Prospectus (RHP), no other listed companies in India have a similar business model.
Aprameya Engineering reported ₹65.62 crore in revenue from operations with 5.30% PAT margins and 10.07% EBITDA margins. In fiscal year 2024, 71% of their revenue came from healthcare infrastructure projects.
IPO Details:
- Total IPO size: ₹29.23 crore
- Fresh issue: 5,040,000 equity shares with a face value of ₹10 each
- No “offer for sale” component
The funds from the IPO will be used for general corporate purposes and to meet working capital requirements.
Link Intime India Private Ltd is the registrar, and Hem Securities Limited is the book-running lead manager for the IPO.
Aprameya Engineering IPO Grey Market Premium (GMP) Today: The grey market premium for Aprameya Engineering IPO is ₹0, meaning shares are trading at their issue price of ₹58 without any premium or discount.
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