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Aprameya Engineering Ltd IPO: Review, Valuation, Date & GMP
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Table of Contents
- Aprameya Engineering Limited IPO - Complete Overview
- Aprameya Engineering Limited IPO Overview
- Company Financial
- The Objective Of The Issue
- Peers of Aprameya Engineering Limited
- Evaluation
- IPO's Strengths
- IPO’s Weaknesses
- IPO GMP Today
- Promoters And Management Of Aprameya Engineering Limited IPO
- Aprameya Engineering Limited IPO Lead Managers
- Dividend Policy
- Conclusion
Aprameya Engineering Limited IPO - Complete Overview
Aprameya Engineering Limited IPO is an SME book-built issue IPO of Rs.29.23 crores by Aprameya Engineering Limited that was founded in September 2003, maintains prefabricated structure wards, operation theaters, newborn intensive care units (NICU), pediatric intensive care units (PICU), and intensive care units (ICU) in hospitals and medical facilities. They offer these services turnkey and also supply high-quality healthcare and diagnostic equipment to private hospitals, government institutions, and medical practitioners.
The goods manufactured by the company can be divided into two categories:
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Developing healthcare infrastructure for hospitals and medical care institutions.
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Dealing with high-value medical equipment
The e-health market is predicted to grow to $10.6 billion by 2025. In November 2021, the Government of India, the Government of Meghalaya, and the World Bank signed a $40 million health project for Meghalaya. Healthcare has risen to become one of India's most profitable and employment-generating businesses.
Since 2020, the firm has been establishing ICUs and operating theatres and has installed over 2000 critical care beds, including ICUs, NICUs, and PICUs. Modular operating theatres are being built throughout Rajasthan.
The company offers a variety of medical equipment and solutions, including an electrosurgical generator, an electrosurgical unit, a CO2 insufflator, an LED surgery light, a surgical and medical examination light, an ICU respiratory monitoring system, an ICU ventilation system, an anesthesia workstation, a jaundice meter, an anesthesia machine, and a harmonic scale.
As of August 31, 2023, the company had 44 permanent employees in charge of day-to-day operations, marketing, and accounting. Functions include business operations, marketing, and accountancy.
Dear readers, we are pleased to provide details about the approaching SME IPO. The company plans to launch its IPO on July 25, 2024. Let's take a closer look at the IPO's offerings below.
Aprameya Engineering Limited IPO Overview
Aprameya Engineering IPO of Rs.29.23 crore comprises a wholly Fresh Issue of 50.4 lac Shares (amounting to Rs.29.23 crores) out of which 35% is allocated to retail investors, 50% to institutional investors, and 15% to non-institutional-investors.
This SME IPO will be available to investors on July 25, 2024, and conclude on July 29, 2024. The anticipated listing date for the IPO is Thursday, August 1, 2024, and will be held on the NSE and SME. The price range of each Share is Rs.56 to Rs.58.
If you want to apply for the IPO, Click Here to Open a Demat Account.
Company Financial
The company's revenue decreased by 16.23%, while profit after tax (PAT) decreased by 35.62% during the financial years ending March 31, 2024, and March 31, 2023.
Below is the synopsis of the company's financial data for the financial year ending March 31, 2024.
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The total revenue of the company is Rs.6,562.22 lac.
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The net worth of the company is Rs.2,336.76 lac.
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The company's EBITDA is Rs.593.07 lac.
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The total assets of the company are Rs.7,560.42 lac.
(Amount in lac)
Period |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
Total Assets |
7,560.42 |
6,189.03 |
4,870.84 |
Total Revenue |
6,562.22 |
7,833.35 |
20,026.16 |
PAT |
345.67 |
536.92 |
1,661.91 |
Net Worth |
2,336.76 |
1,992.49 |
1,452.94 |
Reserve & Surplus |
936.76 |
592.49 |
752.94 |
Borrowing |
4,204.83 |
2,873.95 |
1,368.28 |
Revenue Bifurcation
Below is the revenue breakdown for various activities:
(Amount in lac)
Net Cash Flow In Multiple Activities |
FY 2024 |
FY 2023 |
FY 2022 |
Net Cash Flow Operating Activities |
-997.50 |
-1,349.04 |
-36.80 |
Net Cash Flow Investing Activities |
-99.82 |
-182.86 |
-264.85 |
Net Cash Flow Financing Activities |
1110.84 |
1,304.09 |
549.94 |
Segment-wise Revenue Breakdown For The Last Three FYs
(Values in Lac)
Business |
Mar 31, 2024 |
Mar 31, 2023 |
Mar 31, 2022 |
Healthcare Infrastructure |
4578.76 |
6460.55 |
11505.29 |
High-Value Medical Equipment |
1802.69 |
1277.16 |
8383.50 |
Operating |
134.78 |
74.20 |
110.67 |
The Objective Of The Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
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To fulfill incremental working capital requirements (including augmentation of Long-Term Working Capital).
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Corporate Purposes.
Peers of Aprameya Engineering Limited
No listed peer as per the data provided in the DRHP.
Evaluation
The price of this IPO is Rs.56 to Rs.58 for each Share.
Evaluation Of P/E Ratio
Considering the FY 2023-2024, with EPS of Rs.2.47 from the last year, the resulting P/E ratio is 23.48x.
Considering the weighted EPS of Rs.4.49 for the last three years, the P/E ratio is 12.91x.
Comparative Analysis With Listed Peers
The average P/E Ratio of the industry is NA as there are no similar listed companies engaged in similar businesses of similar size. Hence comparison is not possible.
IPO's Strengths
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The company is rapidly expanding, with a focus on developing healthcare infrastructure.
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Successfully established ICUs, NICUs, PICUs, and Operation Theatres.
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Firm relationships with a number of medical equipment vendors and manufacturers.
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A large customer base, including various private and public hospitals/medical colleges.
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Skilled promoters with a technical staff that understands the issue.
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Asset-light and scalable business model.
IPO’s Weaknesses
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The company had negative cash flows in previous years. Future negative cash flows Loss of important customers or decreased demand might significantly impact its business and financial success.
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Its business and profitability rely heavily on customer spending in the healthcare infrastructure industry. A decrease in spending in India could harm this.
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The company recently expanded into the installation, setup, and maintenance of ICU, NICU, PICU, Dialysis centers, and Operation Theatre services. However, they face risks connected with new business models and may not be effective in implementing them.
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Failure to obtain, renew, or maintain necessary permissions and approvals might negatively impact its business, financial conditions, performance, and cash flows.
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They rely heavily on the state of Rajasthan for revenue, therefore any market changes could harm the company.
IPO GMP Today
The Latest GMP of Aprameya Engineering Limited IPO is Rs.30.
Aprameya Engineering Limited IPO Timetable (Tentative)
The IPO is scheduled from July 25 to July 29, 2024, with allotment on July 30, refund initiation on July 31, and listing on August 1, 2024.
Events |
Date |
IPO Opening Date |
July 25, 2024 |
IPO Closing Date |
July 29, 2024 |
IPO Allotment Date |
July 30, 2024 |
Refund Initiation |
July 31, 2024 |
IPO Listing Date |
August 1, 2024 |
Aprameya Engineering Limited IPO Details
The IPO with a Face Value of Rs.10 per Share is set to start on July 25, close on 29 July, and offer a total issue size of 5,040,000 Shares (aggregating up to Rs.29.23 Cr) comprising a whole fresh issue size of 5,040,000 Shares (totaling up to Rs.29.23 Cr).
IPO Opening & Closing date |
July 25, 2024 to July 29, 2024 |
Face Value |
Rs.10 per Share |
Issue Size |
5,040,000 Shares (aggregating up to Rs.29.23 Cr. |
Offer For Sale |
NA |
Fresh Issue |
5,040,000 Shares (aggregating up to Rs.29.23 Cr. |
Listing At |
NSE, SME |
Issue Type |
Book Built Issue IPO |
Registrar |
Link Intime India Private Ltd |
Aprameya Engineering Limited IPO Lot Details
The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (2000 Shares) amounting to Rs.116000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (4000 Shares) amounting to Rs.232000.
Minimum Lot Investment (Retail) |
1 Lot |
Maximum Lot Investment (Retail) |
1 Lot |
HNI (Min) |
2 Lots |
Aprameya Engineering Limited IPO Reservation
Institutional Portion |
50% |
Retail Portion |
35% |
Non-Institutional Portion |
15% |
Promoters And Management Of Aprameya Engineering Limited IPO
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Saurabh Kishorbhai Bhatt
-
Chetan Mohan Josh
Pre-Issue Promoter Shareholding |
100% |
Post-Issue Promoter Shareholding |
73.53% |
Aprameya Engineering Limited IPO Lead Managers
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Hem Securities Limited
Dividend Policy
No dividends have been declared by the company yet.
Conclusion
The company has experienced negative cash flow in operating activities and investing activities throughout the last few fiscal years. To achieve its goals, the company is currently launching an IPO for the general public.
We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable information about the company's, insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company Click Here to Download the DRHP.
We believe this blog would be very beneficial to you if you are looking for such information related to this upcoming IPO since this blog would provide you with accurate information about the company's, insights, financials, and past performance. If this informative blog matches your interest, you might be interested in reading our other related useful blogs on our website.
Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.
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Frequently Asked Questions
The IPO will start accepting applications on July 25, 2024.
This IPO is valued at Rs.56 to Rs.58 for each offer.
The IPO's total issue size is 5,040,000 Shares (aggregating up to Rs.29.23 Cr).
The IPO closing date is July 29, 2024.
The money from the IPO is to be used to fulfill incremental working capital requirements (including augmentation of Long-Term Working Capital) and Corporate Purposes.