Vaidya Sane Ayurved Laboratories Limited (Madhavbaug) IPO Detail
Madhavbaug is a medical service institution engaged in the treatment of chronic ailments like cardiac disease, diabetes, hypertension, and obesity by combining modern technology with the traditional Ayurveda practices. It uses non-invasive, multidisciplinary, and innovative therapies for treating chronic ailments. The company mainly offers treatment for (i) Health disease reversal, (ii) Diabetes Reversal, (iii) BP Management, (iv) Obesity management, Knee pain relief.
As of November 30, 2021, the company operates 274 clinics across Maharashtra, Madhya Pradesh, Gujarat, Uttar Pradesh, Goa, Karnataka, Delhi, and Chhattisgarh. Out of these 52 are company-owned and 222 are franchise clinics. The company also operates two cardiac prevention and rehabilitation hospitals in Khopoli and Nagpur respectively.
The company offers several wellness products through their online portal Madhavbaug Wellness, and has an online app called MIB Pulse App which helps heart patients.
Competitive Strengths:
- The amalgamation of modern and ancient methods for curing diseases
- Affordable and non-invasive treatments
- Experienced leadership and well-trained team
- In-house IT platform for operational efficiency and innovations
- MIS system for better management
Company Promoters
Dr. Rohit Madhav SaneIPO Details
| IPO Opening Date | Feb 10, 2022 |
| IPO Closing Date | Feb 15, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹73 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹20.23 Cr |
| Fresh Issue | ₹20.23 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.40x | 0.59x | 0.49x | |
| Day 2 | - | - | 0.95x | 1.01x | 0.98x | |
| Day 3 | - | - | 1.61x | 1.49x | 1.55x | |
| Day 4 | - | - | 2.66x | 2.98x | 2.82x |
IPO Tentative Timetable
The Vaidya Sane Ayurved Laboratories Limited (Madhavbaug) IPO open date is Feb 10, 2022, and the close date is Feb 15, 2022. The issue may list on Feb 23, 2022.
| IPO Open Date | Feb 10, 2022 |
| IPO Close Date | Feb 15, 2022 |
| Basis of Allotment Date | Feb 18, 2022 |
| Initiation of Refunds | Feb 21, 2022 |
| Credit of Shares to Demat Account | Feb 22, 2022 |
| IPO Listing Date | Feb 23, 2022 |
IPO Lot Size
The Vaidya Sane Ayurved Laboratories Limited (Madhavbaug) IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹116800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹116800 |
| Maximum | 1 | 1600 | ₹116800 |
IPO Promoter Holding
| Pre Issue Share Holding | 90.08% |
| Post Issue Share Holding | 66.34% |
Company Financials:
For the year/period ended (₹ in Millions)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-21 | 257.80 | 315.65 | 13.54 |
| 31-Mar-21 | 258.06 | 522.79 | 15.47 |
| 31-Mar-20 | 291.11 | 752.97 | -5.57 |
Objects of the Issue:
- Funding Branding and Advertising expenses
- General corporate purpose
Vaidya Sane Ayurved Laboratories Limited (Madhavbaug) IPO Registrar:
Bigshare Services Pvt Ltd
Vaidya Sane Ayurved Laboratories Limited (Madhavbaug) IPO Lead Manager(s):
First Overseas Capital Limited
Company Contact Information:
Vaidya Sane Ayurved Laboratories Limited (Madhavbaug)
Fl. 5, 1047, Shriram Bhawan,
Shukrawar Peth
Pune
