Aprameya Engineering IPO allotment likely to be decided on July 30: Steps to check status on NSE, Link Intime India

Aprameya Engineering Limited's IPO share allotment status is expected to be finalised on Tuesday, July 30. The healthcare infrastructure provider's initial public offering received a robust response from investors during the subscription period that closed on July 29.

The NSE SME IPO was subscribed more than 192 times.

After finalising the share allotment status, the company will initiate refunds for unsuccessful bidders and credit shares to the Demat accounts of allottees on July 31. Shares of Aprameya Engineering will be listed on the NSE SME platform, Emerge, on August 1.

The investors who applied for IPO shares can check the allotment status on the websites of registrar Link Intime India Pvt ltd and the NSE.

Steps to check Aprameya Engineering IPO share allotment status on registrar website:

• Visit Link Intime India Pvt ltd website at https://www.linkintime.co.in/
• Click on Investor Services and select Public Issues
• Select Aprameya Engineering Ltd
• Enter either your application No, PAN, DP/Client ID or Account No/IFSC
• Click on ‘Submit’ to check the allotment status

Steps to check IPO share allotment on the NSE website

• Go to the NSE IPO allotment status page at https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (Investors need to create username and password on the official website of NSE)
• Select Aprameya Engineering as the issue name
• Verify PAN details
• Enter IPO application number
• Click on ‘Submit’

Aprameya Engineering IPO details

The ₹29.23-crore IPO of Aprameya Engineering Ltd comprised a fresh issue of 50.4 lakh shares and no offer-for-sale component. The company had fixed the price band at ₹56 to ₹58 per share. The minimum lot size was 2,000 shares, aggregating to an investment of ₹1,16,000.

Aprameya Engineering IPO subscription

Aprameya Engineering IPO was booked more than 192 times at the close of bidding on July 29. Total applications for 64,54,92,000 shares worth ₹3,743.85 crore were received against 33,52,000 shares on offer.

Retail Individual Investors’ quota was booked 187.88 times, while the Non-Institutional Investors’ (NIIs) portion was booked 339.99 times. The Qualified Institutional Buyers booked their segment 90 times.

Earlier, the company raised ₹8.32 crore from anchor investors. The company allotted 1,434,000 shares to seven fund schemes at a price of ₹58 per share.

About Aprameya Engineering

Aprameya Engineering installs and maintains crucial healthcare infrastructure in hospitals and medical centres in India. The company focuses on neonatal intensive care units (NICUs), intensive care units (ICUs), pediatric intensive care units (PICUs), and operation theatres.

Aprameya Engineering supplies diagnostic and healthcare equipment to government and private hospitals as well as individual medical practitioners.

The company is also an authorised dealer of renowned medical equipment manufacturers, such as Stryker India Private LTD and Johnson and Johnson Pvt Ltd.