Aprameya Engineering IPO opens today: Check issue size, price band, GMP and other details

The SME IPO of Aprameya Engineering has opened for subscription today and will close on July 29. The company aims to raise about Rs 29.23 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

1) Aprameya Engineering IPO size

The IPO is entirely a fresh equity issue of 50.4 lakh shares and through the issue, the company plans to raise Rs 29.23 crore.


2) Aprameya Engineering IPO price band

The company is offering its shares at Rs 56-58 apiece, and investors can bid for 2000 shares in 1 lot.

3) Aprameya Engineering GMP

In the unlisted market, the company's shares had no GMP ahead of the issue opening.

4) About Aprameya Engineering

The company is engaged in the business of installation, set up and maintenance of intensive care units, neonatal intensive care units, pediatric intensive care units, operation theatre, dialysis centres and prefabricated structure ward in the hospitals and medical care centres on turnkey basis along with supply of high value healthcare equipment and diagnostic equipment to private hospitals, government hospitals and medical practitioners.

5) Industry overview

Between 2016–22, the market is expected to record a CAGR of 22.52%. The total industry size is estimated to have reached $372 billion by 2022. The e-health market size is estimated to reach $10.6 billion by 2025.

Also Read: Track these 2 SME IPOs commanding over 100% GMP in unlisted market

6) Aprameya Engineering financial performance

For the year ended March 2024, the company clocked total revenues of Rs 65.16 crore and net profit of Rs 3.45 crore.

7) Objects of the offer

The net proceeds from the public offer will be used for funding incremental working capital requirements and general corporate purposes.

8) Lead managers and Registrar

Hem Securities is acting as the lead manager to the issue and Link Intime India is the registrar.

9) Issue structure

About 50% of the offer is reserved for QIB investors, 35% for retail investors, and the rest 15% for non-institutional investors.

10) Important dates

The IPO opened on July 25 and will close on July 29. The final allotment will likely be made on July 30. The company's shares will likely get listed on August 1.