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Hemant Surgical Industries Limited IPO Detail

Hemant Surgical Industries Limited IPO Detail

Incorporated in 1989, Hemant Surgical Industries Limited is engaged in the business of manufacturing, importing, assembling, and they market a comprehensive portfolio of medical equipments and disposables.

The wide spectrum of equipments and disposables offered by the company includes:

  • Renal Care
  • Cardiovascular disease
  • Respiratory disease
  • Critical Care and Radiology
  • Surgical disposables

The products processed in the assembly units of the company are imported from countries like: Japan, China France, and Australia.

Hemant Surgical Industries presently has one manufacturing unit and two assembly units. The first Manufacturing Unit is situated at Achad Industrial Estate. The company started its operations of importing and marketing of medical disposables through this unit in 1999. The other two assembling units are located at Atgaon and Bhiwandi, respectively. These two assembling units undertake the assembling of medical products and devices.

The company's facilities are ISO 9001:2015 and ISO 13485:2016 certified. They have a fully equipped quality control department with experienced and qualified staff to facilitate smooth manufacturing and assembly line processes.

Company Promoters

Hanskumar Shamji Shah, Kaushik Hanskumar Shah, and Hemant Praful Shah are the Promoters of the company.

IPO Details

IPO Opening DateMay 24, 2023
IPO Closing DateMay 26, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹85 - 90 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtBSE SME
Issue Size₹24.84 Cr
Fresh Issue2,760,000 shares
Offer for Sale-
Retail Portion 35%

IPO Tentative Timetable

The Hemant Surgical Industries Limited IPO open date is May 24, 2023, and the close date is May 26, 2023. The issue may list on Jun 05, 2023.

IPO Open DateMay 24, 2023
IPO Close DateMay 26, 2023
Basis of Allotment DateMay 31, 2023
Initiation of RefundsJun 01, 2023
Credit of Shares to Demat AccountJun 02, 2023
IPO Listing DateJun 05, 2023

IPO Lot Size

The Hemant Surgical Industries Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144000).

ApplicationLotsSharesAmount (Cut-off)
Minimum11600₹144000
Maximum11600₹144000

IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 4289.84 6065.19 114.53
31-Mar-22 5437.59 10577.02 461.40
31-Mar-23 6490.79 11149.68 765.11

Objects of the Issue:

The Company intends to utilize the proceeds of the Issue to meet the following objectives:

  1. Funding Capital Expenditure towards the installation of additional plant and machinery
  2. Funding to meet working capital requirements
  3. General Corporate Purpose
  4. Issue expenses

Hemant Surgical Industries Limited IPO Registrar:

Bigshare Services Pvt Ltd

Hemant Surgical Industries Limited IPO Lead Manager(s):

Hem Securities Limited

Company Contact Information:

Hemant Surgical Industries Limited

502, 5th Floor, Ecstacy Business Park, Co-Op Society Limited, J.S.D. Road, Mulund (West)

Mumbai

Mumbai