Aprameya Engineering makes strong debut on NSE SME, lists at 24% premium

Aprameya Engineering supplies high-value healthcare and diagnostic equipment to private and government hospitals, as well as medical practitioners.

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26 Aug, 2025 12:21

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The Aprameya Engineering IPO made a strong debut on the NSE SME platform, with shares listing at Rs 72, over 24 percent higher than the issue price of Rs 58.

The IPO was a book-built issue with a total issue size of Rs 29.23 crore. The IPO, which involves issuing 50.4 lakh fresh shares, began bidding on July 25 and concluded on July 29.

The IPO's price band was set between Rs 56 and Rs 58 per share. For retail investors, the minimum investment required was Rs 1.16 lakh for a lot size of 2,000 shares. High networth individuals (HNIs) needed to invest a minimum of Rs 2.32 lakh for 4,000 shares. The issue was managed by Hem Securities Ltd as the book-running lead manager, with Link Intime India Private Ltd serving as the registrar.

The IPO successfully raised Rs 8.32 crore from anchor investors on July 24.

The IPO saw an overwhelming response, with the issue subscribed 192.57 times by the close of bidding on July 29. Specifically, the retail category was subscribed 187.88 times, the QIB category 90.29 times, and the NII category 339.99 times.

The proceeds from the IPO are intended to address the company's incremental working capital requirements and for general corporate purposes.

Incorporated in September 2003, Aprameya Engineering specialises in installing and maintaining Intensive Care Units (ICUs), Neonatal Intensive Care Units (NICUs), Pediatric Intensive Care Units (PICUs), and operation theatres in hospitals and medical care centers. The company also supplies high-value healthcare and diagnostic equipment to private and government hospitals, as well as medical practitioners.

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