Aprameya Engineering IPO Day 3: Issue subscribed over 59 times so far; check timeline, issue size and more

The initial public offering (IPO) of Aprameya Engineering has received over 59 times subscription so far on the final day of bidding on Monday, July 29.

The public issue has received bids for 19.97 crore shares against 36 lakh shares on offer. The retail portion received 75.4 times the subscription, whereas the non-institutional investors (NIIs) quota was subscribed 72.9 times.

The qualified institutional buyers (QIBs) category was booked 21.8 times.

The ₹29.23-crore issue is entirely a fresh issuance of 5,040,000 shares without any offer for sale (OFS) component.

The company has reserved 50% of the issue for QIBs, 35% for retail investors and 15% for NIIs.

The fresh IPO proceeds will be used to meet working capital requirements as well as general corporate purposes.

The book running lead manager for the issue is Hem Securities Limited, and the registrar is Link Intime India Pvt Ltd.

The company's shares will be listed on the Emerge platform of the National Stock Exchange (NSE).

Aprameya Engineering: Key dates

• Bidding dates: July 25-July 29
• Finalisation of allotment: July 30
• Initiation of refund: July 31
• Demat transfer: July 31
• Listing: August 1

About Aprameya Engineering

Aprameya Engineering is involved in setting up, installing, and maintaining critical healthcare infrastructure across medical care centres and hospitals in India. It mainly focuses on neonatal intensive care units (NICUs), pediatric intensive care units (PICUs), intensive care units (ICUs), prefabricated structure wards, and operation theatres.

The company also supplies healthcare and diagnostic equipment to government and private hospitals and individual medical practitioners.

Aprameya Engineering is an authorised dealer of medical equipment manufacturers like Johnson & Johnson Private Ltd and Stryker India Private Ltd.