IPO : Ameya Precision Engineers Ltd

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.

Objectives 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:

  1. To Meet the Capital Expenditure Requirements.
  2. Funding working capital requirements.
  3. General corporate purposes.

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