Ameya Precision Engineers Ltd IPO (Ameya Engineers IPO) Details
Incorporated in 2012, Ameya Engineers is engaged in the manufacturing of high-end precision components (shafts, and other trim components) for the general engineering industry. The company also offers specialized processes like hard-facing and overlay of wear and corrosion-resistant alloys in line with ASME procedures. The company has a manufacturing facility situated in Pune.
Ameya Engineers’ major customers are valve and pump manufacturers. Over 95% of revenue comes from export. The company exports its products to the United States of America, United Kingdom, Germany, Singapore, Slovenija, Austria, and Brazil.
Ameya Engineers manufacture shafts/stems such as Gate Valves, Butterfly valves, Pumps, Flanges such as Valve Bonnets, Seats/ Discs, Plugs, and Hard Facing and Corrosion Resistant Overlays such as Stellite /Colmonoy, Valve Seats /Discs / Plugs and Pump Wear Rings.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 2235.2 | 2347.76 | 180.04 | 925.9 | 825.9 |
| 31-Mar-21 | 2011.8 | 2488.58 | 272.64 | 1198.54 | 998.54 |
| 31-Mar-22 | 1998.07 | 2396.36 | 152.97 | 1350.51 | 750.51 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Issue comprises Fresh Issue of Equity Share by the Company and an Offer for Sale by the selling shareholder. The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To Meet the Capital Expenditure Requirements
- Funding working capital requirements; and
- General corporate purposes.
Ameya Engineers IPO Details
| Ameya Engineers IPO Date | Aug 25, 2022 to Aug 30, 2022 |
| Ameya Engineers IPO Face Value | ₹10 per share |
| Ameya Engineers IPO Price | ₹34 per share |
| Ameya Engineers IPO Lot Size | 4000 Shares |
| Issue Size | 2,100,000 shares of ₹10 (aggregating up to ₹7.14 Cr) |
| Fresh Issue | 1,500,000 shares of ₹10 (aggregating up to ₹5.10 Cr) |
| Offer for Sale | 600,000 shares of ₹10 (aggregating up to ₹2.04 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | The promoters of the company are: 1. Bipin Shirish Pande 2. Nikhil Shirish Pande |
Ameya Engineers IPO Timeline (Tentative Timetable)
Ameya Engineers IPO opens on Aug 25, 2022, and closes on Aug 30, 2022. The Ameya Engineers IPO bid date is from Aug 25, 2022 10.00 A.M. to Aug 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Ameya Engineers IPO Opening Date | Aug 25, 2022 |
| Ameya Engineers IPO Closing Date | Aug 30, 2022 |
| Basis of Allotment | Sep 5, 2022 |
| Initiation of Refunds | Sep 6, 2022 |
| Credit of Shares to Demat | Sep 7, 2022 |
| Ameya Engineers IPO Listing Date | Sep 8, 2022 |
Ameya Engineers IPO Lot Size
The Ameya Engineers IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹136,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹136,000 |
| Retail (Max) | 1 | 4000 | ₹136,000 |
Ameya Engineers IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 71.9960% |
Ameya Engineers IPO Review
The company is in precision components for the engineering industry and has reported a static top line for the last three fiscals. Its bottom line however marked inconsistency. Based on its FY22 earnings, the issue appears fully priced. Cash surplus/risk seekers may consider an investment with a medium to long-term perspective.
