Medical device manufacturer Aprameya Engineering has submitted preliminary documents to SEBI, the capital markets regulator, to raise funds through an initial public offering (IPO).
The IPO includes the sale of a new issue of up to 50 lakh shares of the company and there is no offer-for-sale (OFS) component, it was revealed on Thursday.
Funds will be used to meet working capital requirements and for general corporate purposes.
The company is engaged in healthcare infrastructure such as installation, setup and maintenance of ICU, operating room and prefabricated structure department on a turnkey basis along with the supply of high quality medical equipment and diagnostic equipment to hospitals.
Hem Securities Ltd is the only book-running lead managers for this matter. The company’s shares will be listed on the BSE and NSE.