Aprameya Engineering Limited is launching an IPO with a fresh issue of 50,40,000 shares worth INR 29.23 crores. The company aims to meet incremental working capital requirements (including augmentation on Long Term Working Capital) and general corporate purposes.
Aprameya Engineering IPO – Important Dates
| Aprameya Engineering Limited IPO Date | July 25, 2024 to July 29, 2024 |
| Aprameya Engineering Limited IPO Listing Date | August 1, 2024 |
| Aprameya Engineering Limited IPO Price | INR 56-58 per share |
| Aprameya Engineering Limited IPO Lot Size | 2000 shares |
| Aprameya Engineering Limited IPO Total Issue Size | INR 29.23 crores |
| Aprameya Engineering Limited IPO Basis of Allotment | July 30, 2024 |
| Aprameya Engineering Limited IPO Initiation of Refunds | July 31, 2024 |
| Aprameya Engineering Limited IPO Credit of Shares to Demat | July 31, 2024 |
| Aprameya Engineering Limited IPO Issue Type | Book Built Issue IPO |
| Aprameya Engineering Limited IPO Listing At | NSE SME |
Aprameya Engineering Limited IPO – Company Profile
Aprameya Engineering Limited specializes in installing, setting up, and maintaining ICUs, NICUs, PICUs, operation theaters, and prefabricated wards. It also supplies high-value healthcare and diagnostic equipment to hospitals and medical practitioners.
Specializing in healthcare infrastructure setup and high-value medical equipment, including patient monitoring, cardiology, respiratory, and radiology systems, the company serves a diverse customer base nationwide, ensuring timely, cost-effective delivery.
Since 2020, Aprameya Engineering Limited has installed 2000 critical care beds in Rajasthan’s government hospitals, achieving a 201% revenue growth from 2021 to 2023. This growth was driven by ICU and operation theater projects guided by experienced promoters and management.
Aprameya Engineering Ltd IPO Fundamental Analysis
Aprameya Engineering Limited Technologies’ financial analysis reveals a mixed performance. Revenue increased significantly, with profitability and EPS rising. Equity and liabilities grew, reflecting expansion, despite a higher debt-equity ratio and slightly reduced RoNW. They have improved liquidity and inventory turnover.
- Revenue Trend: The revenue increased from ₹2,593.16 lakhs in March 2021 to ₹19,999.46 lakhs in March 2022. The revenue for the current year’s 12-month period ending March 2023 is INR 7,811.91 lakhs.
- Equity and Liabilities: Both equity and liability has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating risen reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹101.91 lakhs in March 2021 to ₹539.55 lakhs by March 2023. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹0.73 in March 2021 to ₹3.84 by March 2023, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 27.36% to 26.95%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant increase in the Inventory Turnover Ratio, which might suggest strong sales or efficient inventory management.
Aprameya Engineering IPO Financial Analysis
| Particular | As of 31 March 2021 | As of 31 March 2022 | As of 31 March 2023 |
| Revenue (₹ in lakhs) | 2,593.16 | 19,999.46 | 7,811.91 |
| Equity (₹ in lakhs) | 372.96 | 1,452.94 | 1,992.49 |
| Expenses (₹ in lakhs) | 2,446.43 | 17,613.16 | 7,085.32 |
| Profit and Loss After Tax (₹ in lakhs) | 101.91 | 1,660.38 | 539.55 |
| Diluted EPS only (₹) | 0.73 | 11.87 | 3.84 |
| Return on Net Worth (%) | 27.36 | 114.38 | 26.95 |
| NAV per Equity Share (₹) | 2.66 | 10.38 | 14.23 |
| Total Assets (in lakhs) | 1,087.00 | 4,870.84 | 6,189.03 |
| Total Liabilities (in lakhs) | 714.04 | 3,417.9 | 4,196.54 |
| Debt Equity Ratio | 0.40 | 0.94 | 1.44 |
| Current Ratio (in times) | 1.32 | 2.06 | 1.87 |
| Inventory Turnover Ratio | 5.60 | 36.26 | 10.10 |
Aprameya Engineering Limited IPO Peer Comparison
No listed companies in India engage in a business similar to Aprameya Engineering Limited’s. Accordingly, it is impossible to provide an industry comparison for their company.
Aprameya Engineering Ltd IPO Objective
The main objective of Aprameya Engineering Limited is to meet the working capital requirements.
- To Meet incremental Working Capital Requirements (including augmentation on Long-Term Working Capital), the company intends to utilize INR 28.73 crores of total borrowings to meet incremental working capital requirements, enhance profitability, unlock internal accruals, and support growth opportunities to achieve proposed business targets.
- General Corporate Purpose: The company will balance funds towards general corporate purposes, including strategic initiatives, funding growth opportunities, expansion initiatives, meeting exigencies, brand building, and covering operational expenses.
Aprameya Engineering IPO Risks And Challenges
Aprameya Engineering Limited’s risk includes dependence on top customers and government entities, exposing it to revenue fluctuations and payment delays. Additionally, limited experience in healthcare setups and significant upfront investments may impact business stability.
- Dependence on top customers, who contribute significantly to their revenue, poses a risk; losing these customers or reduced demand could adversely impact their business, financial condition, and results, highlighting the need for new customer acquisition.
- Their reliance on healthcare infrastructure customers, primarily government entities, makes it vulnerable to budget fluctuations and payment delays, impacting their cash flows and financial stability, with significant outstanding trade receivables.
- Since diversifying into ICU, NICU, PICU, and Operation Theatre setups in 2020, their limited experience, resource constraints, and significant upfront investments may impact their business and financial stability.
Aprameya Engineering Ltd IPO – Industry & Market Potential
India’s healthcare sector is rapidly growing, with a 22.52% CAGR expected until 2022, when it will reach $372 billion. The e-health market is projected to hit $10.6 billion by 2025, supported by a $40 million health project in Meghalaya.
Rising income, better access to healthcare, increased health insurance, and economic prosperity drive healthcare spending. Government health expenditure grew to 2.2% of GDP in FY22, with plans to reach 2.5% by 2025.
Rising incomes and changing demographics will boost healthcare spending in India. The per capita GDP is projected to reach $3,277.28 by 2024, with an increasing elderly population driving greater healthcare needs.
Aprameya Engineering Limited IPO – Type of Offer
Aprameya Engineering Limited is launching an IPO with a fresh issue of 50,40,000 shares worth INR 29.23 crores. The company aims to meet incremental working capital requirements (including augmentation on Long Term Working Capital) and general corporate purposes.
Aprameya Engineering IPO Offer Size
The offer size of Aprameya Engineering Limited is INR 29.23 crores, consisting of a fresh issue of 50,40,000 shares. The company seeks funds to meet incremental working capital requirements and general corporate purposes.
Aprameya Engineering Limited IPO Allotment Structure
Aprameya Engineering Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 254,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 254,000 shares, are reserved for marker makers.
How to apply for an Aprameya Engineering Limited IPO?
To apply for the Aprameya Engineering Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Aprameya Engineering Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Aprameya Engineering Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Aprameya Engineering Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Aprameya Engineering Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Aprameya Engineering Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Aprameya Engineering Limited IPO:
● Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the Aprameya Engineering Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Aprameya Engineering Limited Ltd IPO Offer Registrar
The registrar for the Aprameya Engineering Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly
Contact information for the registrar:
Link Intime India Private Limited
Address: – C-101, 1 Floor, 247 Park, .B.S. Marg, Vikhroli (West),
Mumbai, Maharashtra, India 400083
Tel No.: +91-022-49186200,
Email: [email protected],
Website: www.linkintime.co.in
Aprameya Engineering Limited Limited IPO – FAQs
1. What is Aprameya Engineering Limited’s allotment date?
The allotment date of the Aprameya Engineering Limited IPO is July 30, 2024.
2. What is the price band of the Aprameya Engineering Limited IPO?
The price band of Aprameya Engineering Limited IPO is INR 56-58 per share.
3. What is the size of the Aprameya Engineering Limited IPO?
The offer size of Aprameya Engineering Limited is INR 29.23 crores, consisting of a fresh issue of 50,40,000 shares. The company seeks funds to meet incremental working capital requirements and general corporate purposes.
4. What is the listing date of the Aprameya Engineering Limited IPO?
The listing date of Aprameya Engineering Limited’s IPO is August 1, 2024.
