Fixed Price IPO | ₹102 Cr | Listed at BSE SME | Tue, Aug 10, 2021 - Tue, Aug 24, 2021
Aashka Hospitals IPO is a fixed price issue of ₹101.64 crores. The issue is a combination of fresh issue of 0.54 crore shares aggregating to ₹65.34 crores and offer for sale of 0.30 crore shares aggregating to ₹36.30 crores.
Aashka Hospitals IPO bidding started from Aug 10, 2021 and ended on Aug 24, 2021. The allotment for Aashka Hospitals IPO was finalized on Aug 30, 2021. The shares got listed on BSE SME on Sep 1, 2021.
Aashka Hospitals IPO price is ₹121 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,21,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,42,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Accurate Securities & Registry Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Aashka Hospitals IPO RHP for detailed Information.
IPO Open
Tue, Aug 10, 2021
IPO Close
Tue, Aug 24, 2021
Issue Price
₹121 per share
Market Cap (Pre-IPO)
₹283.14 Cr
| IPO Date | 10 to 24 Aug, 2021 |
| Listed on | Wed, Sep 1, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 84,00,000 shares (agg. up to ₹102 Cr) |
| Reserved for Market Maker | 4,80,000 shares Rikhav Securities Ltd. (agg. up to ₹6 Cr) |
| Fresh Issue (Ex Market Maker) | 49,20,000 shares (agg. up to ₹60 Cr) |
| Offer for Sale | 30,00,000 shares of ₹10 (agg. up to ₹36 Cr) |
| Net Offered to Public | 79,20,000 shares (agg. up to ₹96 Cr) |
| Share Holding Pre Issue | 1,80,00,000 shares |
| Share Holding Post Issue | 2,34,00,000 shares |
| BSE Script Code | 543346 |
| ISIN | INE0EAX01014 |
Aashka Hospitals IPO comprises a total issue size of 84,00,000 shares. The net offer to the public is 79,20,000 shares, after excluding 4,80,000 shares allotted on a firm basis. Of the Net offer 39,60,000 (50.00%) allocated to NII 39,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 39,60,000 | 50.00% | 47.14% |
| Retail Shares Offered | 39,60,000 | 50.00% | 47.14% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,80,000 | 5.71% | |
| Total Shares Offered | 84,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,21,000 |
| Retail (Max) | 1 | 1,000 | ₹1,21,000 |
| HNI (Min) | 2 | 2,000 | ₹2,42,000 |
Incorporated in 2012, Aashka Hospital, the Gujarat-based hospital is an integrated healthcare service provider that offers the best quality of healthcare facilities including prevention, best treatment, and rehabilitation.It serves a range of healthcare services i.e. Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more.
It serves patients with ultra-modern medicinal practices and state-of-the-art infrastructure for medical as well as surgical care solutions. Amid COVID-19, it has set up a designated COVID-19 Treatment hospital and treated 2,000+ patients.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment / prepayment, in full or part, of certain borrowings availed by thr Company; | 20.00 |
| 2 | Funding of our inorganic growth initiatives | 28.54 |
| 3 | General corporate purposes | 15.00 |
The Aashka Hospitals IPO is subscribed 1.3 times on August 24, 2021 6:52:00 AM (Day 11). The public issue subscribed 0.75 times in the retail category, [.] times in the QIB category, and 2.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.02 | 39,60,000 | 79,81,000 |
| Retail | 0.75 | 39,60,000 | 29,74,000 |
| Total | 1.3 | 84,00,000 | 1,09,55,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 0.50 |
| 2 | Brokerage, Selling, Commission and upload fees | 0.25 |
| 3 | Registrar to the Issue | 0.00 |
| 4 | Legal and Other Advisory Services | 0.01 |
| 5 | Advertising and marketing Expenses | 1.85 |
| 6 | Regulators including Stock Exchange | 0.06 |
| 7 | Printing and Distribution of issue stationery | 0.01 |
| 8 | Others, if any (Market making, depositories, marketing fees, secretarial, peer reviewed auditors etc.) | 0.13 |
Aashka Hospitals IPO closing date was earlier extended to 18 August and now, it is further extended till 24 August, 2021.
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹121.10 |
| Low | ₹115.05 |
| High | ₹121.10 |
| Last Trade | ₹115.05 |
Accurate Securities & Registry Pvt.Ltd.
Lead Manager Reports
Aashka Hospitals IPO is a SME IPO of 84,00,000 equity shares of the face value of ₹10 aggregating up to ₹102 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Aug 10, 2021, and closes on Tue, Aug 24, 2021.
Accurate Securities & Registry Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Aashka Hospitals IPO using UPI as a payment gateway. Zerodha customers can apply in Aashka Hospitals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aashka Hospitals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aashka Hospitals IPO opens on Tue, Aug 10, 2021 and closes on Tue, Aug 24, 2021.
Aashka Hospitals IPO lot size is 1000, and the minimum amount required for application is ₹1,21,000.
You can apply in Aashka Hospitals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aashka Hospitals IPO will be done on Monday, August 30, 2021, and the allotted shares will be credited to your demat account by Tue, Aug 31, 2021. Check the Aashka Hospitals IPO allotment status.
The Aashka Hospitals IPO listing date is on Wed, Sep 1, 2021.
