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

Ahmedabad (Gujarat) [India] July 20 : Incorporated in September 2003, Aprameya Engineering Limited is engaged in Healthcare Infrastructure & supply of need based high value medical equipment like installation, set up & maintenance of Intensive Care Units (ICU), Neonatal Intensive Care Units (NICU), Pediatric Intensive Care Units (PICU), Operation Theatres, and prefabricated structure wards in hospitals and medical care centres. The company is poised for its initial public offering (IPO), with plans to raise INR 29.23 crores through the issuance of 50.4 lakh new shares.

For its SME Initial Public Offering (IPO), Aprameya Engineering Limited has established a price band of Rs 56 to Rs 58 per share. The company’s shares will open for subscription on Thursday, July 25, 2024 and closes on Monday, July 29, 2024. These will be listed on the NSE SME, with a projected listing date of Thursday, August 1, 2024.
 
 Company has revenue from operation of Rs. 65.62 Crores with 10.07% EBITDA Margin and 5.30% PAT Margin. 71% Revenue contribution from healthcare infra projects for the period FY 2024.

 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.