Bookbuilding IPO | ₹27 Cr | Listed at BSE SME | Mon, Jul 17, 2023 - Wed, Jul 19, 2023
Asarfi Hospital IPO is a book build issue of ₹26.94 crores. The issue is entirely a fresh issue of 0.52 crore shares of ₹26.94 crore.
Asarfi Hospital IPO bidding started from Jul 17, 2023 and ended on Jul 19, 2023. The allotment for Asarfi Hospital IPO was finalized on Jul 24, 2023. The shares got listed on BSE SME on Jul 26, 2023.
Asarfi Hospital IPO price band is set at ₹52 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,04,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,08,000.
Hem Securities Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Asarfi Hospital IPO RHP for detailed Information.
IPO Open
Mon, Jul 17, 2023
IPO Close
Wed, Jul 19, 2023
Issue Price
₹52 per share
Market Cap (Pre-IPO)
₹102.32 Cr
| IPO Date | 17 to 19 Jul, 2023 |
| Listed on | Wed, Jul 26, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹52 |
| Issue Price | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 51,80,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 2,60,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 49,20,000 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 49,20,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 1,44,97,300 shares |
| Share Holding Post Issue | 1,96,77,300 shares |
| BSE Script Code | 543943 |
| ISIN | INE0DN001027 |
Asarfi Hospital IPO comprises a total issue size of 51,80,000 shares. The net offer to the public is 49,20,000 shares, after excluding 2,60,000 shares allotted on a firm basis. Of the Net offer 24,60,000 (50.00%) are allocated to QIB, 7,38,000 (15.00%) allocated to NII 17,22,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 24,60,000 | 50.00% | 47.49% |
| − Anchor Investor Shares Offered | 14,76,000 | 28.49% | |
| − QIB (Ex. Anchor) Shares Offered | 9,84,000 | 19.00% | |
| NII (HNI) Shares Offered | 7,38,000 | 15.00% | 14.25% |
| Retail Shares Offered | 17,22,000 | 35.00% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,60,000 | 5.02% | |
| Total Shares Offered | 51,80,000 | 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 | ₹1,04,000 |
| Retail (Max) | 1 | 2,000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
Asarfi Hospital IPO raises ₹7.68 crore from anchor investors. Asarfi Hospital IPO Anchor bid date is July 14, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jul 14, 2023 |
| Shares Offered | 14,76,000 |
| Anchor Portion (₹ Cr.) | 7.68 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Aug 23, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Oct 22, 2023 |
Incorporated in 2005, Asarfi Hospital Limited provides healthcare facilities to the people of Jharkhand. The company was started by Nayan Prakash Singh and Harendra Singh in the name of their mother Asarfi Devi.
Asarfi Hospital is a 250 bedded multi-specialty hospital offering healthcare facilities to people for nearly two decades in Dhanbad, Jharkhand. The entity is Accredited by National Accreditation Board for Testing and Calibration Laboratories (NABL Accredited).
Asarfi Hospital operates with a dedicated team of doctors who are committed to offering their expert discretion and skills. As an integrated healthcare service provider, the company is committed towards delivering valued healthcare services to patients that include prevention, treatment, and proper rehabilitation.
To further the operations of the hospital, they are impaneled with several Government Agencies, Insurance and TPA providers, and Corporate Organizations for providing regular healthcare facilities to their employees.
Asarfi Hospital Limited has departments like Cardiology, General Medicine, Day Care Services, Paediatrics & Neonatology, Obstetrics & Gynaecology, Neurosciences, General Surgery, Gastroenterology, Pulmonology, Orthopaedics Plastic Surgery & Cosmetics, Nutrition & Dietetics, Oncology, Urology, Ophthalmology, Radiology, ENT, Dental, Nephrology, Physiotherapy, Emergency, Anaesthesiology & Critical Care, Pain Management and so on.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 93.43 | 62.70 | 37.29 |
| Total Income | 73.03 | 66.20 | 54.40 |
| Profit After Tax | 8.02 | 5.73 | 3.53 |
| NET Worth | 41.84 | 22.63 | 16.90 |
| Reserves and Surplus | 27.35 | 21.38 | 15.65 |
| Total Borrowing | 17.20 | 11.63 | 7.13 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part Funding of Capital Expenditure of Cancer Hospital at Ranguni, Jharkhand. | 12.22 |
| 2 | Acquiring Land on Leasehold basis for Health Management and Research Institute at Ranchi, Jharkhand | 7.65 |
| 3 | General corporate purposes | 3.23 |
| KPI | |
|---|---|
| ROE | 19.16% |
| ROCE | 19.91% |
| Debt/Equity | 0.41 |
| RoNW | 19.16 |
| PAT Margin | 11.34% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.58 | |
| P/E (x) | 12.78 | |
| Promoter Holding | 83.03% | 61.17% |
| Market Cap | ₹102.32 Cr. |
The Asarfi Hospital IPO is subscribed 195.14 times on July 19, 2023 7:02:00 PM (Day 3). The public issue subscribed 167.81 times in the retail category, 50.6 times in the QIB category, and 451.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 50.6 | 9,84,000 | 4,97,88,000 |
| NII* | 451.62 | 7,38,000 | 33,32,94,000 |
| Retail | 167.81 | 17,22,000 | 28,89,70,000 |
| Total | 195.14 | 34,44,000 | 67,20,52,000 |
Total Application : 1,62,507
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.79 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable to Regulators including Stock Exchanges | 0.12 |
| 4 | Fees Payable to Legal Advisors | 0.01 |
| 5 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 2.89 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹98.80 |
| Low | ₹98.80 |
| High | ₹103.74 |
| Last Trade | ₹103.74 |
Lead Manager Reports
Asarfi Hospital IPO is a SME IPO of 51,80,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jul 17, 2023, and closes on Wed, Jul 19, 2023.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Asarfi Hospital IPO using UPI as a payment gateway. Zerodha customers can apply in Asarfi Hospital IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Asarfi Hospital IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Asarfi Hospital IPO opens on Mon, Jul 17, 2023 and closes on Wed, Jul 19, 2023.
Asarfi Hospital IPO lot size is 2000, and the minimum amount required for application is ₹1,04,000.
You can apply in Asarfi Hospital 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 Asarfi Hospital IPO will be done on Monday, July 24, 2023, and the allotted shares will be credited to your demat account by Wed, Jul 26, 2023. Check the Asarfi Hospital IPO allotment status.
The Asarfi Hospital IPO listing date is on Wed, Jul 26, 2023.
