Fixed Price IPO | ₹56 Cr | Listed at NSE SME | Wed, Mar 30, 2022 - Thu, Apr 7, 2022
Jeena Sikho Lifecare IPO is a fixed price issue of ₹55.50 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹55.50 crore.
Jeena Sikho Lifecare IPO bidding started from Mar 30, 2022 and ended on Apr 7, 2022. The shares got listed on NSE SME on Apr 19, 2022.
Jeena Sikho Lifecare IPO price is ₹150 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹3,00,000.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd..
Refer to Jeena Sikho Lifecare IPO RHP for detailed Information.
IPO Open
Wed, Mar 30, 2022
IPO Close
Thu, Apr 7, 2022
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹207.17 Cr
| IPO Date | 30 Mar to 7 Apr, 2022 |
| Listed on | Tue, Apr 19, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 37,00,000 shares (agg. up to ₹56 Cr) |
| Reserved for Market Maker | 1,86,000 shares Prabhat Financial Services Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 35,14,000 shares (agg. up to ₹53 Cr) |
| Net Offered to Public | 35,14,000 shares (agg. up to ₹53 Cr) |
| Share Holding Pre Issue | 1,01,11,192 shares |
| Share Holding Post Issue | 1,38,11,192 shares |
| NSE Symbol | JSLL |
| ISIN | INE0J5801011 |
Jeena Sikho Lifecare IPO comprises a total issue size of 37,00,000 shares. The net offer to the public is 35,14,000 shares, after excluding 1,86,000 shares allotted on a firm basis. Of the Net offer 17,57,000 (50.00%) allocated to NII 17,57,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,57,000 | 50.00% | 47.49% |
| Retail Shares Offered | 17,57,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,86,000 | 5.03% | |
| Total Shares Offered | 37,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,50,000 |
| Retail (Max) | 1 | 1,000 | ₹1,50,000 |
| HNI (Min) | 2 | 2,000 | ₹3,00,000 |
Incorporated in 2017 by Acharya Manish Ji, Jeena Sikho Lifecare Limited provides ayurvedic healthcare products & services. The company engages in conducting health check-up camps, free yoga sessions to make people aware of health problems. It offers a wide range of Ayurvedic products such as Dr. Shuddhi Package (Shuddhi Kit)-40 Day Detox Package, Shuddhi 32 Herbs Tea, Shuddhi Addiction Free Kit, Shuddhi BP Package, Shuddhi Diabetes Care Package, and Shuddhi Divya Sanjeevani-Anti-Viral Package.
The business has its own unit namely Shuddhi Ayurveda Panchkarma Hospital (HIIMS) which offers treatments for Cancer, Diabetes, Liver problems, Arthritis, Cholesterol, Thyroid, Leukoderma, Joint pain, and many more through different methods such as Ayurveda, Allopathy, Homeopathy, and Naturopathy without leaving any side effects. Jeena Sikho Lifecare operates 150+ Ayurvedic clinics in 23 states.
Competitive Strengths:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Marketing & Sales Promotion of brand “Shuddhi | 15.00 |
| 2 | Repayment of short-term borrowing | 6.35 |
| 3 | Working capital requirement | 23.10 |
| 4 | General Corporate Purposes | 10.45 |
| 5 | Issue Expenses | 0.60 |
| KPI | |
|---|---|
| ROE | 42% |
| ROCE | 42% |
| Debt/Equity | 0.33 |
| RoNW | 19.66% |
| PAT Margin | 7.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.05 | |
| P/E (x) | 16.67 | |
| Promoter Holding | 90% | 65.86% |
| Market Cap | ₹207.17 Cr. |
The Jeena Sikho IPO is subscribed 2.25 times on April 7, 2022 5:00:00 PM (Day 7). The public issue subscribed 1.69 times in the retail category, [.] times in the QIB category, and 2.8 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.8 | 17,57,000 | 49,13,000 |
| Retail | 1.69 | 17,57,000 | 29,77,000 |
| Total | 2.25 | 35,14,000 | 78,90,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission. | 0.20 |
| 2 | Brokerage, selling commission and upload fees. | 0.02 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Printing, advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.08 |
| 7 | Others, if any (Advisors to the company, Peer Review Auditors, and other misc. expenses like printing & stationery etc.) | 0.27 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹165.10 |
| Low | ₹162.25 |
| High | ₹173.35 |
| Last Trade | ₹173.35 |
Lead Manager Reports
Jeena Sikho Lifecare IPO is a SME IPO of 37,00,000 equity shares of the face value of ₹10 aggregating up to ₹56 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on Wed, Mar 30, 2022, and closes on Thu, Apr 7, 2022.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jeena Sikho Lifecare IPO using UPI as a payment gateway. Zerodha customers can apply in Jeena Sikho Lifecare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jeena Sikho Lifecare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jeena Sikho Lifecare IPO opens on Wed, Mar 30, 2022 and closes on Thu, Apr 7, 2022.
Jeena Sikho Lifecare IPO lot size is 1000, and the minimum amount required for application is ₹1,50,000.
You can apply in Jeena Sikho Lifecare 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 Jeena Sikho Lifecare IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Jeena Sikho Lifecare IPO allotment status.
The Jeena Sikho Lifecare IPO listing date is on Tue, Apr 19, 2022.
