Aashka Hospitals Limited IPO Detail
Incorporated in 2012, Aashka Hospital, the Gujarat-based hospital is an integrated healthcare service provider that offers the best quality of healthcare facilities including prevention, best treatment, and rehabilitation.It serves a range of healthcare services i.e. Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more.
It serves patients with ultra-modern medicinal practices and state-of-the-art infrastructure for medical as well as surgical care solutions. Amid COVID-19, it has set up a designated COVID-19 Treatment hospital and treated 2,000+ patients.
Competitive strengths
- Longstanding market presence and strong brand equity.
- A comprehensive range of well-diversified and specialty service offerings.
- A team of best quality medical practitioners to provide quality services.
- Certified by National Accreditation Board for Hospitals and Healthcare Providers and a part of Ayushman Bharat.
Company Promoters
Bipinchandra ShahIPO Details
| IPO Opening Date | Aug 10, 2021 |
| IPO Closing Date | Aug 13, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹101.64 Cr |
| Fresh Issue | 5,400,000 Eq Shares of ₹10 (aggregating up to ₹65.34 Cr) |
| Offer for Sale | 3,000,000 Eq Shares of ₹10 (aggregating up to ₹36.30 Cr) |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.14x | 0.12x | 0.12x | |
| Day 2 | - | - | 0.15x | 0.23x | 0.18x | |
| Day 3 | - | - | 0.17x | 0.36x | 0.25x |
IPO Tentative Timetable
The Aashka Hospitals Limited IPO open date is Aug 10, 2021, and the close date is Aug 13, 2021. The issue may list on Aug 24, 2021.
| IPO Open Date | Aug 10, 2021 |
| IPO Close Date | Aug 13, 2021 |
| Basis of Allotment Date | Aug 18, 2021 |
| Initiation of Refunds | Aug 20, 2021 |
| Credit of Shares to Demat Account | Aug 23, 2021 |
| IPO Listing Date | Aug 24, 2021 |
IPO Lot Size
The Aashka Hospitals Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹121000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹121000 |
| Maximum | 1 | 1000 | ₹121000 |
IPO Promoter Holding
| Pre Issue Share Holding | 91.67% |
| Post Issue Share Holding | 61.24% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 65.08 | 40.69 | 4.11 |
| 31-Mar-20 | 60.04 | 27.25 | 1.38 |
| 31-Mar-19 | 54.05 | 27.72 | 1.36 |
Objects of the Issue:
- Repayment/ prepayment of company's borrowings fully or partially.
- Funding inorganic growth initiatives.
- General corporate purposes.
