Aprameya Engineering Ltd

Aprameya Engineering IPO

Aprameya Engineering Ltd

₹1,12,000 /2000 sharesMinimum investment

IPO details

Minimum investment
₹1,12,000
Price range
₹56 - ₹58
Lot size
2,000
Issue size
29.23 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

25 Jul 2024
IPO open date
29 Jul 2024
IPO close date
30 Jul 2024
Allotment date
30 Jul 2024
Funds unblock or debit
1 Aug 2024
Tentative listing date

About

Aprameya Engineering operates in the critical healthcare infrastructure sector. It provides installation, setup, and maintenance services for intensive care units (ICUs), neonatal intensive care units (NICUs), paediatric intensive care units (PICU), and operation theatres (OTs), as well as prefabricated structure wards. The company works on a turnkey basis, primarily serving hospitals and medical care centres. It supplies high-value healthcare and diagnostic equipment to both private and government hospitals, as well as medical practitioners. Aprameya Engineering is also a dealer of medical equipment manufacturers and suppliers, such as Johnson & Johnson Private Limited and Stryker India Private Limited, among others. Aprameya Engineering's product and service portfolio is divided into two main segments: healthcare infrastructure development within medical facilities and the distribution of high-value medical equipment. This includes patient monitoring systems, cardiology devices, respiratory management systems, and radiology/imaging systems. ;
Founded in
2003
MD/CEO
Mr. Chetan Mohan Joshi
Parent organisation
Aprameya Engineering Ltd

Aprameya Engineering Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
25.9320078.12202120222023

Strengths & Risks

Strengths
Risks
The company’s portfolio includes high-value and fast-moving medical equipment and solutions like electrosurgical generators, electrosurgical units, CO2 insufflators, LED surgery lights, surgical and medical examination lights, ICU respiratory monitoring systems, ICU ventilation systems, anesthesia workstations, jaundice meters, anesthesia machines, and harmonic scalpels, among others.
It has distributorship agreements with suppliers like Johnson & Johnson Private Limited and Stryker India Private Limited. The company also maintains relations with other companies in the medical devices industry, such as Draeger Medical India Private Limited, Siemens Healthcare Private Limited, Schiller Healthcare India Private Limited, Epsilon, and Resmed.
Since 2020, the company has installed approximately 2,000 critical care beds, including in ICUs, NICUs, PICUs, and OTs. Revenue from these healthcare infrastructure projects rose from Rs 11.65 crore in FY21 to Rs 64.60 crore in FY23.
The company’s diversified client base consists of private and government hospitals, medical practitioners, medical colleges like AIIMS, and diagnostic centres nationwide.
The company has executed several turnkey projects, leading to partnerships with several governmental medical institutions in Rajasthan, including Dr. S N Medical College in Jodhpur, Government Medical College in Kota, RMSCL in Jaipur, RNT Medical College in Udaipur, and SMS Medical College in Jaipur.
Aprameya Engineering's top 10 clients accounted for 81%, 93%, and 82% of revenues in FY23, FY22, and FY21, respectively. Loss of, or slowdown in demand from any of these clients \could negatively impact the company's financial results.
A large portion of Aprameya Engineering's income is derived from operations within the state of Rajasthan. Any negative developments in this state could pose a risk to the company's overall business health.
There are ongoing legal proceedings involving both the company and its directors. Any unfavourable judgments could negatively affect the company’s business prospects.
As of March 31, 2023, Aprameya Engineering had total indebtedness of Rs 28.74 crore. Any inability to service or repay this debt could adversely impact the company’s business.

Application details

For Aprameya Engineering IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹56 - ₹58₹2 - ₹5 Lakhs2000
High Networth Individual₹56 - ₹58₹2 - ₹5 Lakhs2000

Frequently Asked Questions