Aprameya Engineering IPO To Open On 25th July, Sets Price Band at Rs 56 to Rs 58 Per Share

 It has earned Rs. 235 Cr+ from healthcare infrastructure projects during FY21 to FY24 and installed 2000+ Critical Care beds since 2020. It has PAN India customer reach including Private Hospitals, AIIMS, Government Hospitals, Medical practitioners, Diagnostic centers etc. In FY-23, Company has successfully set up, installed, and commissioned 175 dialysis centers across Rajasthan in government run hospitals, with a project value of INR 31.43 crores.

Since 2020, the company has been setting up ICUs and operation theatres and has installed around 2000 critical care beds, including ICUs, NICUs, and PICUs, Modular operation theatres are being established throughout the state of Rajasthan. The company has four warehouses: two in Memnagar, Ahmedabad, one in Prahladnagar, Ahmedabad and the fourth one on Ashram Road, Ahmedabad.

Hem Securities Limited is the book running lead manager of the Aprameya Engineering IPO, while Link Intime India Private Ltd is the registrar for the issue.

The issue proceeds will be utilized to meet working capital requirements (including augmentation on Long-Term Working Capital) and general corporate purposes.

On Tuesday, July 30, 2024, the shares for the Aprameya Engineering IPO are anticipated to be allotted, and on Wednesday, July 31, 2024, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.

Retail investors need to contribute a minimum of Rs 1.16 lakh considering the minimum lot size for an application is 2000 shares. For HNIs, the minimum bidding size is two lots, or 4000 shares, for a total investment of Rs 2.32 lakh at the upper price band.

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