Aprameya Engineering is all set to launch its Initial Public Offering (IPO) today, July 25th. The company has decided to offer its shares at a price between ₹56 and ₹58 per share. This means that if you want to buy shares of Aprameya Engineering, you will have to pay at least ₹56 for each share and at most ₹58.
The IPO will remain open for subscription until Monday, July 29th. This gives investors a week to decide if they want to invest in the company.
Key Details of the IPO
- Price Band: ₹56 to ₹58 per share
- IPO Open Date: July 25, 2024
- IPO Close Date: July 29, 2024
- Total Issue Size: ₹29.23 crore
The company plans to use the money raised from the IPO for general corporate purposes and to meet its working capital needs. This means the money will be used for various business activities and to ensure the company has enough money to operate smoothly.
Deciding whether to invest in an IPO is a big decision. It’s important to do your own research and understand the company’s business, financial performance, and future prospects. You can look at the company’s financial statements, read analyst reports, and consider the overall market conditions before making a decision.
Investing in shares always comes with risks. The share price can go up or down, and there is no guarantee that you will make a profit. It’s essential to invest only the money you can afford to lose.
Additional Information
- The minimum number of shares you can apply for is 2,000.
- The registrar for the IPO is Link Intime India Private Limited.
- The lead manager for the IPO is Hem Securities Limited.
For more details about the IPO, you can visit the website of the lead manager or the registrar.