Aatmaj Healthcare Limited IPO Detail
Incorporated in 2014, Aatmaj Healthcare Limited runs multi-specialty hospitals, under the name Jupiter Hospitals, offering medical care at affordable rates.
The company provides inpatient and outpatient healthcare services through its hospitals in Vadodara, Gujarat with an aggregate bed capacity of 130 beds extendable up to 175 beds. As on December 31, 2022, they have conducted an aggregate healthcare treatment, including surgeries, of over 17,000 patients, consisting of more than 4,000 patients and more than 13,000 OPD patients including Covid-19 Patients.
The company's primary check-up services include hemoglobin check, lipid profile, general tests, renal profile, blood sugar, MCV, ESR, MCH, MCHC, liver profile, and lipid profile.
Aatmaj Healthcare specializes in Nephrology and Uro surgery/Vascular surgery, Orthopedics, Joint replacement, Polytrauma care, Obstetric, Gynaecology, ENT, Ophthalmology, Plastic Surgery, and Neuro Surgery.
The company is a part of Ayushman Bharat-Pradhan Mantri Jan ArogyaYojana, a flagship scheme of the Government of India which was launched and recommended by the National Health Policy 2017, to achieve the vision of universal health coverage (UHC).
Company Promoters
Dr. Tushar Suvagiya, Dr. Subhash Padmani, and Dr. Ravi Apte are the company promoters.IPO Details
| IPO Opening Date | Jun 19, 2023 |
| IPO Closing Date | Jun 21, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹60 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹38.40 Cr |
| Fresh Issue | 6,400,000 shares (aggregating up to ₹38.40 Cr) |
| Offer for Sale | - |
| Retail Portion | 47.49% |
IPO Tentative Timetable
The Aatmaj Healthcare Limited IPO open date is Jun 19, 2023, and the close date is Jun 21, 2023. The issue may list on Jun 30, 2023.
| IPO Open Date | Jun 19, 2023 |
| IPO Close Date | Jun 21, 2023 |
| Basis of Allotment Date | Jun 26, 2023 |
| Initiation of Refunds | Jun 27, 2023 |
| Credit of Shares to Demat Account | Jun 29, 2023 |
| IPO Listing Date | Jun 30, 2023 |
IPO Lot Size
The Aatmaj Healthcare Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹120000 |
| Maximum | 1 | 2000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 88.89% |
| Post Issue Share Holding | 63.72% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 1719.32 | 2180.88 | 492.07 |
| 30-Sep-22 | 2323.49 | 1344.83 | 290.93 |
| 31-Dec-22 | 3031.94 | 2047.73 | 577.49 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment/Prepayment in full or part of the existing secured debt of the company,
- Working Capital Requirements,
- Purchase of medical equipment for hospitals of the company and/or newly acquired or set-up hospitals,
- Acquisitions and other strategic initiatives,
- General Corporate Expenses and Issue expenses.
Aatmaj Healthcare Limited IPO Registrar:
Link Intime India Private Ltd
Aatmaj Healthcare Limited IPO Lead Manager(s):
Nirbhay Capital Services Private Limited
Company Contact Information:
Aatmaj Healthcare Limited
Jupiter Hospital, Opp. ICAI Bhavan, Sunpharma Ataladra Road
Vadodara
Gujarat
