Aprameya Engineering IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Aprameya Engineering is a medical equipment manufacturer and has been in business for almost two decades. The company’s operations include manufacturing, delivery, and service offering to its customers.
After operating as a private company for a long time, Aprameya Engineering is ready to make its appearance on the stock exchanges with the upcoming Initial Public Offering (IPO).
As per the filed DRHP, the Aprameya Engineering IPO will be entirely a Fresh Issue of Equity Shares. We will be studying more about it in the Aprameya Engineering IPO Review.
| Face Value | Rs 10 |
| Price Band | Rs.X to Rs.X |
| Listing At | BSE, NSE |
| Min. Order Quantity | X Shares |
| Listing Date | Not available |
| Offer for Sale | Rs.NA Crore |
| Fresh Issue | Rs.NA Crore |
| IPO Size | Rs.NA Crore |
| Tick Size | 1 |
Aprameya Engineering IPO Overview
Aprameya Engineering IPO is purely a Fresh Issue of Equity Shares aggregating up to 50,00,000 equity shares having a face value of Rs. 10 each. The IPO does not consist of any Offer for Sale component; thus, no promoter or other shareholder will be offloading their shares in the offering.
The company is not looking for any pre-IPO placement of shares before filing the Red Herring Prospectus with the Registrar.
Aprameya Engineering IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Available |
| IPO Closing Date | Not Available |
| Basis of Allotment Finalization | Not Available |
| Refunds Initiation | Not Available |
| Credit of Shares to Demat Account | Not Available |
| Share Listing Date | Not Available |
Aprameya Engineering filed the Draft Red Herring Prospectus with SEBI in early September. It will take a while for the company to receive approval from the authority.
The company, post-approval, will decide on Aprameya Engineering IPO Dates. The IPO dates are set due to the market situation and conditions. A sluggish market can lead to the failure of the IPO, whereas a growing market can assist the IPO in a good way.
Aprameya Engineering IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs.X to Rs.X |
| Offer for Sale | Rs.NA Crore |
| Fresh Issue | Rs.NA Crore |
| IPO Size | Rs.NA Crore |
Aprameya Engineering IPO Price will be determined through the bidding process. The company will determine the issue price band and a minimum lot size of the equity shares. The face value of the shares is Rs. 10 each.
Aprameya Engineering IPO Size consists of 50,00,000 equity shares, and the value of the IPO will be determined after the IPO.
Aprameya Engineering IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
Aprameya Engineering IPO GMP levels will be reflected in the above table once they are available. You will get information and updates from everyday GMP changes from the table.
Grey Market Premium fluctuates daily with the quantum of shares trading. GMP acts as an estimated listing price, and numerous investors bid in the IPO according to the GMP levels. Therefore, GMP is an important factor in an IPO.
Aprameya Engineering IPO Subscription Status
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – | |||||
| 2nd Day – | |||||
| 3rd Day – | |||||
| Shares Offered or Net Issue |
An IPO opens for a pre-decided period, within which interested investors are required to place their bids in order to get the allotment of the shares. As the price is not fixed in a Book Built Issue, the bidders bid at different prices within the price band provided by the company.
Aprameya Engineering IPO Subscription will be based on the market’s demand for shares.
Aprameya Engineering IPO Allotment Status
Allotment of shares comes after the subscription process. First, investors apply for shares in the subscription, and after that, the company allots equity shares to the successful bidders.
The shares are transferred to the Demat accounts of the shareholders, and later on, the listing of the same shares takes place.
Shares are freely transferrable assets, and shareholders can trade them on the stock market platforms. Aprameya Engineering IPO Allotment will be available soon.
Aprameya Engineering IPO Live Performance
Find out the Aprameya Engineering IPO Price and trade with the latest information at the latest price levels. You get all information about the share price from one place anytime.
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Aprameya Engineering – Company Review
Aprameya Engineering Limited set its cornerstone in 2003 in the form of a partnership, and today the entity has risen to immense heights. And was recently when it was incorporated as a private limited company in December 2021, which too has been converted to a public limited company. Now, the company is branded as Aprameya Engineering Limited.
It operates as an Electrosurgical Generator Supplier & Distributor. The product portfolio of this company contains various medical equipment and other material and serves in the medical industry.
Products or Services
Aprameya Engineering offers a wide range of products and facilities to its customers. The company closely works with its clients in order to cater to their requirements completely.
The products of the company include Electrosurgical Generator, LED Surgery light, Trilogy EV300, Alair System, Anaesthesia Machine, Anaesthesia Workstation, Everflo Concentrators, Service of ESU, Rotablator, BIPAS AVAPS, Jaundice Meter, ICU Ventilation System, Surgical & Medical Examination, Electrosurgical Unit, Patient Return Electrodes, etc. These are just a few of its offerings.
The company is well known for its research work and the quality it maintains in every product. The medical equipments are designed keeping international standards and norms in mind.
Promoters and Holding
The Promoters of Aprameya Engineering Limited are:
- Saurabh Kishorbhai Bhatt
- Chetan Mohan Joshi
The management of the company consists of:
- Saurabh Kishorbhai Bhatt, in the position of Chairman and Joint Managing Director
- Chetan Mohan Joshi, in the position of Managing Director
- Archana Chetan Joshi, in the position of Non-Executive Director
- Pooja Saurabh Bhatt, in the position of Non-Executive Director
- Suresh Kumar Verma, in the position of Independent Director
- Raina Singh, in the position of Independent Director
- Heena Hareshbhai Jaichandani, in the position of Independent Director
- Shalini Hitesh Jalan, in the position of Independent Director
- Jignesh Suthar, in the position of Chief Financial Officer
- Vijaykumar K Jotani, in the position of Company Secretary
Is Aprameya Engineering good for Investment?
Set up in 2003, Aprameya Engineering Limited is catering to the demands of an essential and critical industry, i.e., medical. Their equipment has made them one of the prominent suppliers who assure satisfaction with high-quality products.
The entity has evolved into a fast-growing company in the market and is among the Top 5 Electrosurgical Generator suppliers & Distributors in Ahmedabad, India. With an extensive range of products, they serve large corporations and establishments.
The company started as a partnership among two individuals, Saurabh Bhatt and Mr. Chetan Joshi, who are now managing the affairs as the Directors of this well-established venture.
Aprameya Engineering Financial Statements
| Amount (in INR & Lakhs) | |||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Assets | 4,874.21 | 1,090.99 | 1,398.30 |
| Revenue | 20,026.19 | 2,601.23 | 1,232.51 |
| Expense | 17,614.89 | 2,448.29 | 1,161.08 |
| Profit After Tax | 1,661.29 | 86.00 | 65.42 |
Recently converted to a public company, Aprameya Engineering Limited is operating in profits. The company’s earnings have whopping increased in the preceding financial year.
The company’s total income for the year 2022 is Rs. 20,026.19 lakhs, and its profit for the same period stands at Rs. 1,661.29 lakhs, respectively.
The company’s total revenue for 2021 and 2020 was Rs. 2,601.23 lakhs and Rs. 1,232.51 lakhs.
The company’s net profit for 2021 and 2020 was Rs. 86.00 lakhs and Rs. 65.42 lakhs.
| Earnings per Equity Share (in Million) | |||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Basic & Diluted | 11.87 | 0.61 | 0.47 |
The EPS of Aprameya Engineering jumped to Rs. 11.87 in March 2022, which was Rs. 0.61 in March 2021. The company has grown massively in financial terms over the last year.
Aprameya Engineering IPO Review
Aprameya Engineering IPO is set to floor on the market as soon as SEBI approves it. The Fresh Issue IPO aims to raise funds from the public to fund its working capital requirements and for other general corporate purposes.
None of the promoters or other shareholders is seeking an exit from the company through the IPO.
The company’s team of professionals carries in-depth knowledge and experience in the segment and pays attention to details. They strive to offer up top quality in every product they have.
Aprameya Engineering IPO Details
Here are few more details you need to know before investing in Aprameya Engineering IPO –
Aprameya Engineering IPO Issue Object
The Aprameya Engineering has proposed diverse objectives for making the IPO offer and some of the objectives are:
- To meet incremental working capital requirements (including augmentation on Long Term Working Capital)
- General corporate purpose
- To meet issue expenses
Aprameya Engineering IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Rapid growth in the business with focus on setting up of healthcare infrastructure.
- Track record of execution capabilities of setting up ICUs NICUs PICUs as well as Operation Theatre.
- Firm arrangement with many medical equipment suppliers and manufacturers.
- Wide customer base including many Private and Government Hospital /Medical college.
- Experienced Promoters with technical team having domain knowledge.
- Asset light scalable business model.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 11.86 | 17.48 | 10.40 |
| 31-Mar-21 | 0.61 | 19.82 | 3.10 |
| Mar-20 | 0.47 | -52.63 | 2.67 |
Aprameya Engineering IPO Lead Managers
Here are the list of Lead managers –
- Hem Securities Limited
Aprameya Engineering IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
Address – C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India
Tel: +91 22 4918 6200
E-mail: Aprameya Engineering.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance E-mail: Aprameya Engineering.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Aprameya Engineering IPO – Other Details
- Statutory Auditor – CNK & ASSOCIATES LLP
- Legal Counsel to the Company – Kanga and Co.,
- Bankers to the Company – Punjab National Bank
Aprameya Engineering IPO – Conclusion
The Aprameya Engineering IPO is an entirely Fresh Issue of Equity shares where the company is offering 50,00,000 shares. The company is close to completing two decades in the industry and is delivering quality products to its customers.
Aprameya Engineering operates from Ahmedabad and is supplying its offerings in different parts of the country on a large scale.
The company’s EPS has also grown high in the past financial year and has a high potential to deliver positive returns to investors.
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Aprameya Engineering IPO Review FAQs
Check out the FAQs on Aprameya Engineering IPO –
What is the Issue Size of Aprameya Engineering IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Aprameya Engineering IPO?
The price band for this particular IPO ranges between Rs.X to Rs.X. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Aprameya Engineering IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Aprameya Engineering IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Aprameya Engineering IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Aprameya Engineering IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Aprameya Engineering IPO?
Here are the promoters of this IPO – SAURABH KISHORBHAI BHATT AND CHETAN MOHAN JOSHI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Aprameya Engineering IPO?
They have obtained the GMP of this IPO and it is (Rs.X. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Aprameya Engineering IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Aprameya Engineering Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2022 in Lakhs is Rs. 1,661.29, 2021 is Rs. 86.00, and for 2020 is Rs. 65.42.
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