Bookbuilding IPO | ₹25 Cr | Listed at BSE SME | Wed, May 24, 2023 - Fri, May 26, 2023
Hemant Surgical Industries IPO is a book build issue of ₹24.84 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹24.84 crore.
Hemant Surgical Industries IPO bidding started from May 24, 2023 and ended on May 26, 2023. The allotment for Hemant Surgical Industries IPO was finalized on May 31, 2023. The shares got listed on BSE SME on Jun 5, 2023.
Hemant Surgical Industries IPO price band is set at ₹90 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,44,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Hemant Surgical Industries IPO RHP for detailed Information.
IPO Open
Wed, May 24, 2023
IPO Close
Fri, May 26, 2023
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹93.96 Cr
| IPO Date | 24 to 26 May, 2023 |
| Listed on | Mon, Jun 5, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,60,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 1,44,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 26,16,000 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 26,16,000 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 76,80,000 shares |
| Share Holding Post Issue | 1,04,40,000 shares |
| BSE Script Code | 543916 |
| ISIN | INE0GYI01028 |
Hemant Surgical Industries IPO comprises a total issue size of 27,60,000 shares. The net offer to the public is 26,16,000 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 13,05,600 (49.91%) are allocated to QIB, 3,93,600 (15.05%) allocated to NII 9,16,800 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,05,600 | 49.91% | 47.30% |
| − Anchor Investor Shares Offered | 7,82,400 | 28.35% | |
| − QIB (Ex. Anchor) Shares Offered | 5,23,200 | 18.96% | |
| NII (HNI) Shares Offered | 3,93,600 | 15.05% | 14.26% |
| Retail Shares Offered | 9,16,800 | 35.05% | 33.22% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.22% | |
| Total Shares Offered | 27,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Hemant Surgical Industries IPO raises ₹7.04 crore from anchor investors. Hemant Surgical Industries IPO Anchor bid date is May 23, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 23, 2023 |
| Shares Offered | 7,82,400 |
| Anchor Portion (₹ Cr.) | 7.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jun 30, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Aug 29, 2023 |
Incorporated in 1989, Hemant Surgical Industries Limited is engaged in the business of manufacturing, importing, and assembling. Also, the company markets a comprehensive portfolio of medical equipments and disposables.
The wide spectrum of equipments and disposables offered by the company includes:
The products processed in the assembly units of the company are imported from countries like: Japan, China France, and Australia.
Hemant Surgical Industries presently has one manufacturing unit and two assembly units. The first Manufacturing Unit is situated at Achad Industrial Estate. The company started its operations of importing and marketing of medical disposables through this unit in 1999. The other two assembling units are located at Atgaon and Bhiwandi, respectively. These two assembling units undertake the assembling of medical products and devices.
The company's facilities are ISO 9001:2015 and ISO 13485:2016 certified. They have a fully equipped quality control department with experienced and qualified staff to facilitate smooth manufacturing and assembly line processes.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 64.91 | 54.38 | 42.90 |
| Total Income | 111.50 | 105.77 | 60.65 |
| Profit After Tax | 7.65 | 4.61 | 1.15 |
| NET Worth | 23.60 | 12.98 | 8.37 |
| Reserves and Surplus | 15.92 | 11.15 | 6.53 |
| Total Borrowing | 7.12 | 9.74 | 14.46 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards installation of additional plant and machinery | 7.51 |
| 2 | Funding to meet working capital requirements | 10.00 |
| 3 | General Corporate Purpose | 3.14 |
| KPI | |
|---|---|
| ROE | 32.42% |
| ROCE | 37.98% |
| Debt/Equity | 0.30 |
| RoNW | 32.42% |
| PAT Margin | 7.01% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.26 | |
| P/E (x) | 12.28 | |
| Promoter Holding | 100.00% | 73.56% |
| Market Cap | ₹93.96 Cr. |
The Hemant Surgical Industries IPO is subscribed 150.59 times on May 26, 2023 7:02:00 PM (Day 3). The public issue subscribed 158.73 times in the retail category, 41.05 times in the QIB category, and 277.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 41.05 | 5,23,200 | 2,14,76,800 |
| NII* | 277.26 | 3,93,600 | 10,91,28,000 |
| Retail | 158.73 | 9,16,800 | 14,55,24,800 |
| Total | 150.59 | 18,33,600 | 27,61,29,600 |
Total Application : 6,844
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.07 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.07 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 2.67 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹171.00 |
| Low | ₹171.00 |
| High | ₹179.55 |
| Last Trade | ₹179.55 |
Lead Manager Reports
Hemant Surgical Industries IPO is a SME IPO of 27,60,000 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Wed, May 24, 2023, and closes on Fri, May 26, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Hemant Surgical Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Hemant Surgical Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hemant Surgical Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hemant Surgical Industries IPO opens on Wed, May 24, 2023 and closes on Fri, May 26, 2023.
Hemant Surgical Industries IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Hemant Surgical Industries 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 Hemant Surgical Industries IPO will be done on Wednesday, May 31, 2023, and the allotted shares will be credited to your demat account by Fri, Jun 2, 2023. Check the Hemant Surgical Industries IPO allotment status.
The Hemant Surgical Industries IPO listing date is on Mon, Jun 5, 2023.
