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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 ₹121.00 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). The minimum lot size investment for 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 Date | August 10, 2021 to August 24, 2021 |
| Listing Date | September 1, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 84,00,000 shares (aggregating up to ₹101.64 Cr) |
| Reserved for Market Maker | 4,80,000 shares Rikhav Securities Ltd. (aggregating up to ₹5.81 Cr) |
| Fresh Issue (Ex Market Maker) | 49,20,000 shares (aggregating up to ₹59.53 Cr) |
| Offer for Sale | 30,00,000 shares of ₹10 (aggregating up to ₹36.30 Cr) |
| Net Offered to Public | 79,20,000 shares (aggregating up to ₹95.83 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,80,00,000 shares |
| Share Holding Post Issue | 2,34,00,000 shares |
Aashka Hospitals IPO offers total 84,00,000 shares. Out of which 39,60,000 (47.14%) allocated to NII, 39,60,000 (47.14%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,80,000 (5.71%) |
| NII (HNI) Shares Offered | 39,60,000 (47.14%) |
| Retail Shares Offered | 39,60,000 (47.14%) |
| Total Shares Offered | 84,00,000 (100.00%) |
Aashka Hospitals IPO opens on August 10, 2021, and closes on August 24, 2021.
| IPO Open Date | Tue, Aug 10, 2021 |
| IPO Close Date | Tue, Aug 24, 2021 |
| Tentative Allotment | Mon, Aug 30, 2021 |
| Initiation of Refunds | Tue, Aug 31, 2021 |
| Credit of Shares to Demat | Tue, Aug 31, 2021 |
| Tentative Listing Date | Wed, Sep 1, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 24, 2021 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 6,508.14 | 6,004.73 | 5,405.18 | ||
| Total Revenue | 4,069.23 | 2,725.14 | 2,772.55 | ||
| Profit After Tax | 411.39 | 137.91 | 136.27 | ||
The Company Aashka Hospitals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] This mega SME issue is aggressively priced despite super performance for FY21. Gujarat is becoming the most preferred destination for health-related treatments and the management is emphasizing a low-cost operation model with ultramodern equipment and facility. Considering the base of equity, chances for migration to the mainboard in the near future, post listing, is most likely. Hence, cash surplus/risk seekers may consider parking of their funds. Read detail review...
Aashka Hospitals IPO closing date was earlier extended to 18 August and now, it is further extended till 24 August, 2021.
| Listing Date | September 1, 2021 |
| BSE Script Code | 543346 |
| NSE Symbol | |
| ISIN | INE0EAX01014 |
| Final Issue Price | ₹121 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹121.10 |
| Low | ₹115.05 |
| High | ₹121.10 |
| Last Trade | ₹115.05 |
Aashka Hospitals Ltd.
Between Sargasan & Reliance Cross Road,
Sargasan,
Gandhinagar, Gujarat, 382421
Phone: +91-7575009000
Email: cs@aashkahospitals.in
Website: http://www.aashkahospitals.in/
Accurate Securities & Registry Pvt.Ltd.
Phone: +91-79-48000319
Email: investor@accuratesecurities.com
Website: https://www.accuratesecurities.com/ipo-details.php
Aashka Hospitals IPO is a SME IPO of 84,00,000 equity shares of the face value of ₹10 aggregating up to ₹101.64 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on August 10, 2021, and closes on August 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 August 10, 2021 and closes on August 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 Tuesday, August 31, 2021. Check the Aashka Hospitals IPO allotment status.
The Aashka Hospitals IPO listing date is on Wednesday, September 1, 2021.
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