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 Date | May 24, 2023 |
IPO Closing Date | May 26, 2023 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹85 - 90 per equity share |
Market Lot | 1600 Shares |
Min Order Quantity | 1600 Shares |
Listing At | BSE SME |
Issue Size | ₹24.84 Cr |
Fresh Issue | 2,760,000 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 Date | May 24, 2023 |
IPO Close Date | May 26, 2023 |
Basis of Allotment Date | May 31, 2023 |
Initiation of Refunds | Jun 01, 2023 |
Credit of Shares to Demat Account | Jun 02, 2023 |
IPO Listing Date | Jun 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 1600 | ₹144000 |
Maximum | 1 | 1600 | ₹144000 |
IPO Promoter Holding
Pre Issue Share Holding | 100.00% |
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:
- Funding Capital Expenditure towards the installation of additional plant and machinery
- Funding to meet working capital requirements
- General Corporate Purpose
- 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