Aprameya Engineering IPO Subscription Status

Aprameya Engineering IPO Subscription - Day-3 Subscription at 191.38 times

Aprameya Engineering IPO will close on 29 July. Shares of Aprameya Engineering are likely to be listed on August 1. Shares of Aprameya Engineering  will make trading debut on NSE SME platform

On 29 July 2024, Aprameya Engineering IPO received bids for 64,15,12,000 shares, much more than the 33,52,000 shares available. It means Aprameya Engineering IPO was oversubscribed by 191.38 times by the end of day 3
Here are the subscription details for Aprameya Engineering IPO as of Day 3:

Aprameya Engineering IPO saw strong interest primarily from HNI / NI investors, followed by retail investors and then QIB Investors. QIBs and HNIs/NIIs typically increase their subscriptions in the final hours of the last day. The overall subscription figures do not include the anchor portion or the market making segment of the IPO.

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Aprameya Engineering IPO for Days 1, 2, and 3

On day 1, Aprameya Engineering IPO was subscribed 3.51 times. By day 2, the subscription status had risen to 5.92 times and on day 3, it reached 191.38 times.

Here are the subscription details for Aprameya Engineering IPO by category as of Day 3:

Data Source: NSE

The IPO saw a varied response across investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 90.29 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 339.69 times and Retail Investors at 185.63 times. Overall, Aprameya Engineering IPO was subscribed 191.38 times.

Aprameya Engineering IPO Subscription - Day-2 Subscription at 5.92 Times

Aprameya Engineering IPO will close on 29 July. Shares of Aprameya Engineering are likely to be listed on August 1. Shares of Aprameya Engineering  will make trading debut on NSE SME platform
 

On 26 July 2024, Aprameya Engineering IPO received bids for 1,98,58,000 shares, much more than the 33,52,000 shares available. This means that Aprameya Engineering IPO was oversubscribed by 5.92 times by the end of Day 2.

Here are the subscription details for Aprameya Engineering IPO as of Day 2:

Aprameya Engineering IPO saw strong interest primarily from QIB investors, followed by retail investors and then HNIs/NIIs. QIBs and HNIs/NIIs typically increase their subscriptions in the final hours of the last day. The overall subscription figures do not include the anchor portion or the market-making segment of the IPO.

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the complete subscription details for the Aprameya Engineering IPO as of Day 2:

On day 1, Aprameya Engineering IPO was subscribed 3.51 times. By day 2, the subscription status had risen to 5.92 times final status will be clear after the end of day 3. The IPO saw a varied response across investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 7.49 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 3.28 times, and Retail Investors at 6.16 times. Overall, the IPO was subscribed 5.92 times.

Aprameya Engineering IPO Subscription - Day-1 Subscription at 3.51 times

On July 25, 2024, the Aprameya Engineering IPO received bids for 1,17,64,000 shares, significantly higher than the 33,52,000 shares available. This means the Aprameya Engineering IPO was subscribed 3.51 times by the end of the first day.

Here are the subscription details for Day 1:

The IPO subscriptions were mainly driven by QIB investors, with retail investors and then HNIs/NIIs following. Usually, QIB and HNI/NII subscriptions increase in the second half of the final day. These numbers will change by the end of the second and third days and the final status will be clear on the last day. The Overall subscription ratio does not include anchor portion or market making segment of the IPO.

Here are the subscription details by category:

Aprameya Engineering IPO opens for subscription on July 25, 2024 and closes on July 29, 2024. The shares have a face value of ₹10 each and are offered in a price range of ₹56 to ₹58 per share. The company will issue 50.40 lakh shares, aiming to raise ₹29.23 crore at the upper price band of ₹58 per share. Since there is no OFS total IPO size is also ₹29.23 crore.

Hem Securities Ltd is the lead manager, Link Intime India Private is the registrar, and Hem Finlease Private Ltd is the market maker. Aprameya Engineering IPO will list on NSE SME segment.

Retail investors must buy a minimum of 2,000 shares, which costs ₹1,16,000 (2,000 shares x ₹58 per share), and this is also the maximum investment for them. High Net Worth Individuals (HNIs) need to invest in at least 2 lots (4,000 shares), costing ₹2,32,000.

Aprameya Engineering Limited, founded in September 2003, installs and maintains ICUs, NICUs, PICUs, operation theatres, and prefabricated structure wards in hospitals. They offer these services on a turnkey basis and supply high value healthcare and diagnostic equipment to private and government hospitals and medical practitioners.