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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 ₹52.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,02,000 (2000 shares). The minimum lot size investment for 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 Date | July 17, 2023 to July 19, 2023 |
| Listing Date | July 26, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹52 per share |
| Issue Price Final | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,80,000 shares (aggregating up to ₹26.94 Cr) |
| Reserved for Market Maker | 2,60,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.35 Cr) |
| Net Offered to Public | 49,20,000 shares (aggregating up to ₹25.58 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,44,97,300 shares |
| Share Holding Post Issue | 1,96,77,300 shares |
Asarfi Hospital IPO offers total 51,80,000 shares. Out of which 24,60,000 (47.49%) allocated to QIB, 9,84,000 (19.00%) allocated to QIB, 7,38,000 (14.25%) allocated to NII, 17,22,000 (33.24%) allocated to RII and 14,76,000 (28.49%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,60,000 (5.02%) |
| QIB Shares Offered | 24,60,000 (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 (14.25%) |
| Retail Shares Offered | 17,22,000 (33.24%) |
| Total Shares Offered | 51,80,000 (100.00%) |
Asarfi Hospital IPO raises ₹7.68 crore from anchor investors. Asarfi Hospital IPO Anchor bid date is July 14, 2023. Asarfi Hospital IPO Anchor Investors list
| Bid Date | July 14, 2023 |
| Shares Offered | 14,76,000 |
| Anchor Portion Size (In Cr.) | 7.68 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 23, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 22, 2023 |
Asarfi Hospital IPO opens on July 17, 2023, and closes on July 19, 2023.
| IPO Open Date | Mon, Jul 17, 2023 |
| IPO Close Date | Wed, Jul 19, 2023 |
| Tentative Allotment | Mon, Jul 24, 2023 |
| Initiation of Refunds | Tue, Jul 25, 2023 |
| Credit of Shares to Demat | Wed, Jul 26, 2023 |
| Tentative Listing Date | Wed, Jul 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 19, 2023 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,04,000 |
| Retail (Max) | 1 | 2,000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 3,729.45 | 5,439.90 | 353.43 | 1,689.90 | 1,564.95 | 713.36 |
| 31-Mar-22 | 6,270.24 | 6,619.54 | 572.84 | 2,262.73 | 2,137.78 | 1,163.31 |
| 31-Mar-23 | 9,342.71 | 7,303.26 | 801.53 | 4,184.26 | 2,734.53 | 1,720.20 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Asarfi Hospital IPO is ₹102.32 Cr.
| KPI | Values |
|---|---|
| ROE | 19.16% |
| ROCE | 19.91% |
| Debt/Equity | 0.41 |
| RoNW | 19.16 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. It has posted growth in its financial performance for the reported periods. It is on an expansion spree with a cancer hospital, educational and healthcare management institute establishment. Based on its FY23 performance, the issue appears reasonably priced. This segment is witnessing market fancy. Investors may consider investment for the medium to long-term rewards. Read detail review...
| Listing Date | July 26, 2023 |
| BSE Script Code | 543943 |
| NSE Symbol | |
| ISIN | INE0DN001027 |
| Final Issue Price | ₹52 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹98.80 |
| Low | ₹98.80 |
| High | ₹103.74 |
| Last Trade | ₹103.74 |
Asarfi Hospital Ltd.
Baramuri,
Bishunpur Polytechnic,
Dhanbad - 828130
Dhanbad, Jharkhand
Phone: +91 96088 33708
Email: cs@asarfihospital.com
Website: http://www.asarfi.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Asarfi Hospital IPO is a SME IPO of 51,80,000 equity shares of the face value of ₹10 aggregating up to ₹26.94 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on July 17, 2023, and closes on July 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 July 17, 2023 and closes on July 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 Wednesday, July 26, 2023. Check the Asarfi Hospital IPO allotment status.
The Asarfi Hospital IPO listing date is on Wednesday, July 26, 2023.
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