The IPO of Ameya Precision Engineering Limited is open for subscription and investors will be able to bid for it till August 30. This IPO opened on 25 August.
It was subscribed 15.70 times after the first day’s bid. At the same time, the share reserved for retail investors has been subscribed 27.55 times.
The company has fixed the price of this IPO at Rs 34 per share. Investors are allowed to buy only one lot. Let us tell that there are 4,000 shares of the company in one lot. The company will be listed on the SME exchange of NSE. The company aims to raise Rs 7.14 crore through IPO, of which Rs 2.04 crore will be raised through offer for sale.
details related to IPO
Since investors will be able to bid for only one lot, they will get an opportunity to invest only Rs 1,36,000 in the IPO. The company is likely to allot the shares on 5th September. These shares will be listed on NSE’s SME (Small and Medium Enterprises). The official registrar of this IPO is Skyline Financial Services Private Limited. At present, the promoters of this company hold 99.99 percent stake in the company, which will come down to 71.99 percent after the IPO. The names of the promoters of the company are Bipin Shirish Pandey and Nikhil Shirish Pandey.
What is the company
According to the information available on the company’s website, it is an engineering consultancy company and is in this business for the last 20 years. The company’s clients include companies like Asian Paints, Godrej Industries Limited, Lupine Laboratories and Deepak Nitrite. The company provides mechanical, civil, structural and electrical engineering services.