The Aprameya Engineering IPO is a book-built issue worth ₹29.23 crores, consisting entirely of fresh shares totaling 50.4 lakh. Subscription for the IPO opens on July 25, 2024, closing on July 29, 2024. The allotment process is expected to conclude on Tuesday, July 30, 2024. Once listed, the IPO will trade on the NSE SME, with a tentative listing date set for Thursday, August 1, 2024.
Investors can participate by bidding for a minimum of 2000 shares. The price band for each share is ₹56 to ₹58. Retail investors need a minimum investment of ₹116,000, while high-net-worth individuals (HNIs) must invest in 2 lots (4,000 shares), amounting to ₹232,000.
Hem Securities Limited serves as the book running lead manager, and Link Intime India Private Ltd acts as the registrar for this IPO. The company operates in the engineering and infrastructure sector.
Aprameya Engineering IPO Details:
| Company Name | Aprameya Engineering Limited |
| Sector | Engineering and Infrastructure |
| IPO Type | SME |
| IPO Open date | 25th July 2024 |
| IPO Close date | 29th July 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Aprameya Engineering IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,16,000 |
| HNI (Min) | 2 | 4000 | 2,32,000 |
Aprameya Engineering IPO Timeline:
| IPO Open Date | 25th July 2024 |
| IPO Close Date | 29th July 2024 |
| Basis of Allotment | 30th July 2024 |
| Refund Initiation Date | 31st July 2024 |
| Shares Credit to Demat | 31st July 2024 |
| Listing Date | 1st Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Aprameya Engineering’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Engineering and Infrastructure industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Aprameya Engineering and be a part of its growth. We will update our verdict once the IPO application window opens
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
