Jeena Sikho Lifecare Limited IPO Detail
Incorporated in 2017 by Acharya Manish Ji, Jeena Sikho Lifecare Limited provides ayurvedic healthcare products & services. The company engages in conducting health check-up camps, free yoga sessions to make people aware of health problems. It offers a wide range of Ayurvedic products such as Dr. Shuddhi Package (Shuddhi Kit)-40 Day Detox Package, Shuddhi 32 Herbs Tea, Shuddhi Addiction Free Kit, Shuddhi BP Package, Shuddhi Diabetes Care Package, and Shuddhi Divya Sanjeevani-Anti-Viral Package.
The business has its own unit namely Shuddhi Ayurveda Panchkarma Hospital (HIIMS) which offers treatments for Cancer, Diabetes, Liver problems, Arthritis, Cholesterol, Thyroid, Leukoderma, Joint pain, and many more through different methods such as Ayurveda, Allopathy, Homeopathy, and Naturopathy without leaving any side effects. Jeena Sikho Lifecare operates 150+ Ayurvedic clinics in 23 states.
Competitive Strengths:
- Strong franchise partner network.
- Excellent network management & logistics.
- Highly experienced and Professional Team.
- Strong financials of the Company.
Company Promoters
Mr. Manish Grover & Mrs. Bhavna Grover are the company promoters.Expected Gray Market Premium(GMP):
| GMP | Kostak | Subject |
|---|---|---|
| - | - | - |
IPO Details
| IPO Opening Date | Mar 30, 2022 |
| IPO Closing Date | Apr 07, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹150 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹55.50 Cr |
| Fresh Issue | ₹55.50 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.00x | 0.11x | 0.06x | |
| Day 2 | - | - | 0.01x | 0.24x | 0.12x | |
| Day 3 | - | - | 0.01x | 0.30x | 0.15x | |
| Day 4 | - | - | 0.08x | 0.45x | 0.26x | |
| Day 5 | - | - | 0.46x | 0.63x | 0.54x | |
| Day 6 | - | - | 1.32x | 0.90x | 1.11x | |
| Day 7 | - | - | 2.80x | 1.69x | 2.25x |
IPO Tentative Timetable
The Jeena Sikho Lifecare Limited IPO open date is Mar 30, 2022, and the close date is Apr 07, 2022. The issue may list on TBA.
| IPO Open Date | Mar 30, 2022 |
| IPO Close Date | Apr 07, 2022 |
| Basis of Allotment Date | TBA |
| Initiation of Refunds | TBA |
| Credit of Shares to Demat Account | TBA |
| IPO Listing Date | TBA |
IPO Lot Size
The Jeena Sikho Lifecare Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹150000 |
| Maximum | 1 | 1000 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | 90% |
| Post Issue Share Holding | 65.86% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-21 | 5713.88 | 7251.91 | 621.53 |
| 31-Mar-21 | 4914.88 | 13687.45 | 1,015.57 |
| 31-Mar-20 | 3803.66 | 9517.44 | 572.58 |
| 31-Mar-19 | 3603.21 | 10588.10 | 599.73 |
Objects of the Issue:
The objects of the Issue are:-
- To undertake marketing and sales promotion.
- To repay the short-term loan.
- To meet the Working Capital requirements of the Company.
- To meet out the General Corporate Purposes.
- To meet out the Issue Expenses.
Jeena Sikho Lifecare Limited IPO Registrar:
Skyline Financial Services Private Ltd
Jeena Sikho Lifecare Limited IPO Lead Manager(s):
Fast Track Finsec Pvt Ltd
Company Contact Information:
Jeena Sikho Lifecare Limited
SCO 11 First Floor, Kalgidhar Enclave, Zirakpur,
Mohali
Punjab
