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KK Shah Hospitals Limited IPO Detail

KK Shah Hospitals Limited IPO Detail

Incorporated in 2022, KK Shah Hospitals Limited, previously known as Jeevan Parv Healthcare Limited, provides inpatient and outpatient healthcare services through its hospital in Ratlam, Madhya Pradesh.

Dr. Kirti Kumar Shah, one of the promoters of the company, started a clinic in 1976 in Ratlam. Subsequently, a nursing home in 1991 under the name Shah Maternity and Nursing Home. After that, Dr. Kirti Kumar Shah expanded his services by setting up a hospital named Shah Hospital and roped in renowned doctors. In December 2022, KK Shah Hospitals acquired M/s Shah Hospital (formerly known as Shah Maternity and Nursing Home), vide Business Transfer Agreement.

KK Shah Hospital has over 26 beds for in-patient and out-patient treatment and is equipped with diagnostic devices such as CT scans, DEXA scans, BMD, sonography, and X-ray machines. The company conducted over 75-80 surgeries per month (consisting of over 30 orthopedics, 15 gynecologists, 25 general surgery, 10 dental & other branches) during the FY 2021-22 and also during the period starting from 1st April 2022 to 15th February, 2023 and provided healthcare services to an aggregate of approx. 2,200-2,350 patients per month, consisting of approx. 200-250 Indoor Patients per month and approx. 2000-2100 Outpatient per month. The hospital has recorded a bed occupancy ratio of approx. 27.67% in the month of December 2022 and an average IPD of approx. 7.19 patients per day in the month of December 2022.

On January 28, 2023, the company entered into an agreement with M/s. Life Care Diet Service to provide food services to its patients and a cafeteria for the attendants in the hospital.

The company is a member of the Biomedical Waste Management System, Ratlam for the disposal of biomedical waste. It is also certified by the National Accreditation Board for Hospitals and Healthcare Providers (NABH Accredited) as a primary-level small healthcare organization in Madhya Pradesh.

Company Promoters

Dr. Amit Shah and Dr. Kirti Kumar Shah

IPO Details

IPO Opening DateOct 27, 2023
IPO Closing DateOct 31, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹45 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME
Issue Size₹8.78 Cr
Fresh Issue₹8.78 Cr
Offer for Sale-
Retail Portion 50%

IPO Subscription (Bidding Detail)

Day 1 1.99x 1.00x - 1.49x
Day 2 2.98x 2.91x - 2.94x
Day 3 17.75x 9.41x - 13.58x

IPO Tentative Timetable

The KK Shah Hospitals Limited IPO open date is Oct 27, 2023, and the close date is Oct 31, 2023. The issue may list on Nov 08, 2023.

IPO Open DateOct 27, 2023
IPO Close DateOct 31, 2023
Basis of Allotment DateNov 03, 2023
Initiation of RefundsNov 06, 2023
Credit of Shares to Demat AccountNov 07, 2023
IPO Listing DateNov 08, 2023

IPO Lot Size

The KK Shah Hospitals Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135000).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding71.36%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
15-Feb-23 535.09 118.37 15.79

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Purchase of medical equipment.
  2. General corporate purposes.

KK Shah Hospitals Limited IPO Registrar:

Bigshare Services Pvt Ltd

KK Shah Hospitals Limited IPO Lead Manager(s):

Fedex Securities Pvt Ltd Shreni Shares Private Limited

Company Contact Information:

KK Shah Hospitals Limited

124, Katju Nagar,

Swastik APP.,