Fixed Price IPO | ₹38 Cr | Listed at NSE SME | Mon, Jun 19, 2023 - Wed, Jun 21, 2023
Aatmaj Healthcare IPO is a fixed price issue of ₹38.40 crores. The issue is entirely a fresh issue of 0.64 crore shares of ₹38.40 crore.
Aatmaj Healthcare IPO bidding started from Jun 19, 2023 and ended on Jun 21, 2023. The allotment for Aatmaj Healthcare IPO was finalized on Jun 26, 2023. The shares got listed on NSE SME on Jun 30, 2023.
Aatmaj Healthcare IPO price is ₹60 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Nirbhay Capital Services Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Aatmaj Healthcare IPO RHP for detailed Information.
IPO Open
Mon, Jun 19, 2023
IPO Close
Wed, Jun 21, 2023
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹135.60 Cr
| IPO Date | 19 to 21 Jun, 2023 |
| Listed on | Fri, Jun 30, 2023 |
| Face Value | ₹5 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 64,00,000 shares (agg. up to ₹38 Cr) |
| Reserved for Market Maker | 3,22,000 shares Rikhav Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 60,78,000 shares (agg. up to ₹36 Cr) |
| Net Offered to Public | 60,78,000 shares (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 1,62,00,000 shares |
| Share Holding Post Issue | 2,26,00,000 shares |
| NSE Symbol | AATMAJ |
| ISIN | INE0OB201016 |
Aatmaj Healthcare IPO comprises a total issue size of 64,01,000 shares. The net offer to the public is 60,79,000 shares, after excluding 3,22,000 shares allotted on a firm basis. Of the Net offer 30,39,500 (50.00%) allocated to NII 30,39,500 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,39,500 | 50.00% | 47.48% |
| Retail Shares Offered | 30,39,500 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,22,000 | 5.03% | |
| Total Shares Offered | 64,01,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Incorporated in 2014, Aatmaj Healthcare Limited runs multi-specialty hospitals, under the name Jupiter Hospitals, offering medical care at affordable rates.
The company provides inpatient and outpatient healthcare services through its hospitals in Vadodara, Gujarat with an aggregate bed capacity of 130 beds extendable up to 175 beds. As on December 31, 2022, they have conducted an aggregate healthcare treatment, including surgeries, of over 17,000 patients, consisting of more than 4,000 patients and more than 13,000 OPD patients including Covid-19 Patients.
The company's primary check-up services include hemoglobin check, lipid profile, general tests, renal profile, blood sugar, MCV, ESR, MCH, MCHC, liver profile, and lipid profile.
Aatmaj Healthcare specializes in Nephrology and Uro surgery/Vascular surgery, Orthopedics, Joint replacement, Polytrauma care, Obstetric, Gynaecology, ENT, Ophthalmology, Plastic Surgery, and Neuro Surgery.
The company is a part of Ayushman Bharat-Pradhan Mantri Jan ArogyaYojana, a flagship scheme of the Government of India which was launched and recommended by the National Health Policy 2017, to achieve the vision of universal health coverage (UHC).
| Period Ended | 31 Dec 2022 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|---|
| Assets | 30.32 | 23.23 | 17.19 | 9.80 | 9.33 |
| Total Income | 20.48 | 13.45 | 21.81 | 17.26 | 4.37 |
| Profit After Tax | 5.77 | 2.91 | 4.92 | 4.12 | -0.27 |
| NET Worth | 13.88 | 11.02 | 8.11 | 3.19 | -0.93 |
| Reserves and Surplus | 5.78 | 5.62 | 6.76 | 1.84 | -2.28 |
| Total Borrowing | 12.18 | 8.94 | 5.18 | 4.33 | 8.76 |
| 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 existing secured debt of the Company | 9.00 |
| 2 | Funding the Working Capital Requirements of the Company | 6.00 |
| 3 | Purchase of medical equipments for hospitals of our Company and/or newly acquired or set up hospitals | 9.13 |
| 4 | Our inorganic growth initiatives through acquisitions and other strategic initiatives | 6.20 |
| 5 | General Corporate Expenses | 4.97 |
| KPI | Mar 31, 2022 |
|---|---|
| ROE | 61 |
| ROCE | 69.84 |
| Debt/Equity | 0.14 |
| RoNW | 60.68 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.41 | |
| P/E (x) | 17.6 | |
| Promoter Holding | 88.89% | 63.72% |
| Market Cap | ₹135.60 Cr. |
The Aatmaj Healthcare IPO is subscribed 33.60 times on June 21, 2023 7:30:00 PM (Day 3). The public issue subscribed 30.27 times in the retail category, [.] times in the QIB category, and 36.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 36.78 | 30,39,500 | 11,18,05,000 |
| Retail | 30.27 | 30,39,500 | 9,20,18,000 |
| Total | 33.60 | 60,79,000 | 20,38,23,000 |
Total Applications: 46,009
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 7.60 |
| 2 | Brokerage, Selling commission, processing fees, and upload charges | 0.13 |
| 3 | Fees to Market Maker for first year of Listing | 0.75 |
| 4 | Fees Payable to Registrar to the Issue | 0.10 |
| 5 | Fees payable to Legal Advisor and professional charges to the consultants | 4.00 |
| 6 | Advertising and Marketing Expenses | 0.15 |
| 7 | Fees Payable to Regulators including Stock Exchanges | 0.70 |
| 8 | Expenses of Printing and Stationery, Distribution, Postage, etc. | 0.08 |
| 9 | Others (Fees Payable to , peer review auditor, statutory auditor, advisors to the Company, stamp duty, out of pocket expenses and other miscellaneous expenses) | 17.50 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹56.00 |
| Low | ₹53.20 |
| High | ₹56.00 |
| Last Trade | ₹53.20 |
Lead Manager Reports
Aatmaj Healthcare IPO is a SME IPO of 64,00,000 equity shares of the face value of ₹5 aggregating up to ₹38 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jun 19, 2023, and closes on Wed, Jun 21, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Aatmaj Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in Aatmaj Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aatmaj Healthcare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aatmaj Healthcare IPO opens on Mon, Jun 19, 2023 and closes on Wed, Jun 21, 2023.
Aatmaj Healthcare IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Aatmaj Healthcare 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 Aatmaj Healthcare IPO will be done on Monday, June 26, 2023, and the allotted shares will be credited to your demat account by Thu, Jun 29, 2023. Check the Aatmaj Healthcare IPO allotment status.
The Aatmaj Healthcare IPO listing date is on Fri, Jun 30, 2023.
