Asarfi Hospital Limited IPO Detail
Incorporated in 2005, Asarfi Hospital Limited provides healthcare facilities to the people of Jharkhand. The company was started by Nayan Prakash Singh and Harendra Singh in the name of their mother Asarfi Devi.
Asarfi Hospital is a 250 bedded multi-specialty hospital offering healthcare facilities to people for nearly two decades in Dhanbad, Jharkhand. The entity is Accredited by National Accreditation Board for Testing and Calibration Laboratories (NABL Accredited).
Asarfi Hospital operates with a dedicated team of doctors who are committed to offering their expert discretion and skills. As an integrated healthcare service provider, the company is committed towards delivering valued healthcare services to patients that include prevention, treatment, and proper rehabilitation.
To further the operations of the hospital, they are impaneled with several Government Agencies, Insurance and TPA providers, and Corporate Organizations for providing regular healthcare facilities to their employees.
Asarfi Hospital Limited has departments like Cardiology, General Medicine, Day Care Services, Paediatrics & Neonatology, Obstetrics & Gynaecology, Neurosciences, General Surgery, Gastroenterology, Pulmonology, Orthopaedics Plastic Surgery & Cosmetics, Nutrition & Dietetics, Oncology, Urology, Ophthalmology, Radiology, ENT, Dental, Nephrology, Physiotherapy, Emergency, Anaesthesiology & Critical Care, Pain Management and so on.
Company Promoters
Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh, Madhuri Singh, and Nitu Singh are the Promoters of the company.IPO Details
| IPO Opening Date | Jul 17, 2023 |
| IPO Closing Date | Jul 19, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 - 52 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹26.94 Cr |
| Fresh Issue | 5,180,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 2 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 3 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 4 | 3.14x | - | - | 0.64x | 2.96x | 2.52x |
| Day 5 | 3.15x | - | - | 11.13x | 29.45x | 18.01x |
| Day 6 | 50.60x | - | - | 451.62x | 167.81x | 195.14x |
IPO Tentative Timetable
The Asarfi Hospital Limited IPO open date is Jul 17, 2023, and the close date is Jul 19, 2023. The issue may list on Jul 27, 2023.
| IPO Open Date | Jul 17, 2023 |
| IPO Close Date | Jul 19, 2023 |
| Basis of Allotment Date | Jul 24, 2023 |
| Initiation of Refunds | Jul 25, 2023 |
| Credit of Shares to Demat Account | Jul 26, 2023 |
| IPO Listing Date | Jul 27, 2023 |
IPO Lot Size
The Asarfi Hospital Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹104000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹104000 |
| Maximum | 1 | 2000 | ₹104000 |
IPO Promoter Holding
| Pre Issue Share Holding | 83.03% |
| Post Issue Share Holding | 61.17% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 6270.24 | 6619.54 | 572.84 |
| 31-Mar-23 | 9342.71 | 7303.26 | 801.53 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- Part Funding of Capital Expenditure of Cancer Hospital at Ranguni, Jharkhand.
- Acquiring Land on Leasehold basis for Health Management and Research Institute at Ranchi, Jharkhand
- General Corporate Purpose
Asarfi Hospital Limited IPO Registrar:
Cameo Corporate Services Limited
Asarfi Hospital Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Asarfi Hospital Limited
Baramuri, Bishunpur Polytechnic, Dhanbad
Dhanbad
Dhanbad
