Aprameya Engineering IPO opens today: Check issue size, price band, key dates & more

Aprameya Engineering IPO will open for subscription on Thursday, July 25. The initial public offering, which will conclude on July 29, has set a price band of ₹56 to ₹58 per share.

The ₹29.23-crore IPO is solely a fresh issue of 5,040,000 equity shares. There is no offer for sale (OFS) component.

Half of the net issue is set aside for qualified institutional buyers (QIBs), 35% for retail individual investors (RIIs) and 15% for non-institutional investors (NIIs).

The company plans to use the fresh issue proceeds to meet working capital requirements and general corporate purposes.

Hem Securities Limited is the booking running lead manager for the issue, and Link Intime India Private Ltd is the registrar.

Shares of the company will be listed on the National Stock Exchange (NSE) SME Platform, Emerge.

Aprameya Engineering: Timeline

• Bidding period: July 25-July 29
• Allotment finalisation: July 30
• Refund initiation: July 31
• Demat transfer: July 31
• Listing on NSE Emerge: August 1

About Aprameya Engineering

The company specialises in the setup, installation and maintenance of crucial healthcare infrastructure across medical care centers and hospitals in India. Aprameya Engineering primarily focuses on neonatal intensive care units (NICU), intensive care units (ICUs), pediatric intensive care units (PICU), prefabricated structure wards, and operation theaters.

In addition to maintenance and installation services, the company supplies healthcare and diagnostic equipment to private and government hospitals and individual medical practitioners.

Aprameya Engineering serves as an authorised dealer of renowned medical equipment manufacturers like Stryker India Private LTD and Johnson & Johnson Private Ltd. It has also completed the installation of 2,000 critical care beds across Rajasthan. These projects were undertaken for well-known government hospitals such as Dr SN Medical College in Jodhpur, SMS Medical College in Jaipur and Government Medical College in Kota.