Fixed Price IPO | ₹9 Cr | Listed at BSE SME | Fri, Oct 27, 2023 - Tue, Oct 31, 2023
KK Shah Hospitals IPO is a fixed price issue of ₹8.78 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹8.78 crore.
KK Shah Hospitals IPO bidding started from Oct 27, 2023 and ended on Oct 31, 2023. The allotment for KK Shah Hospitals IPO was finalized on Nov 3, 2023. The shares got listed on BSE SME on Nov 6, 2023.
KK Shah Hospitals IPO price is ₹45 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Shreni Shares 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 Rikhav Securities Ltd..
Refer to KK Shah Hospitals IPO RHP for detailed Information.
IPO Open
Fri, Oct 27, 2023
IPO Close
Tue, Oct 31, 2023
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹30.64 Cr
| IPO Date | 27 to 31 Oct, 2023 |
| Listed on | Mon, Nov 6, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 19,50,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 1,02,000 shares Rikhav Securities Ltd. (agg. up to ₹0.4590 Cr) |
| Fresh Issue (Ex Market Maker) | 18,48,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 18,48,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 48,58,542 shares |
| Share Holding Post Issue | 68,08,542 shares |
| BSE Script Code | 544013 |
| ISIN | INE0OH401016 |
KK Shah Hospitals IPO comprises a total issue size of 19,50,000 shares. The net offer to the public is 18,48,000 shares, after excluding 1,02,000 shares allotted on a firm basis. Of the Net offer 9,24,000 (50.00%) allocated to NII 9,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,24,000 | 50.00% | 47.38% |
| Retail Shares Offered | 9,24,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,02,000 | 5.23% | |
| Total Shares Offered | 19,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Incorporated in 2022, KK Shah Hospitals Limited, previously known as Jeevan Parv Healthcare Limited, provides inpatient and outpatient healthcare services through its hospital in Ratlam, Madhya Pradesh.
Dr. Kirti Kumar Shah, one of the promoters of the company, started a clinic in 1976 in Ratlam. Subsequently, a nursing home in 1991 under the name Shah Maternity and Nursing Home. After that, Dr. Kirti Kumar Shah expanded his services by setting up a hospital named Shah Hospital and roped in renowned doctors. In December 2022, KK Shah Hospitals acquired M/s Shah Hospital (formerly known as Shah Maternity and Nursing Home), vide Business Transfer Agreement.
KK Shah Hospital has over 26 beds for in-patient and out-patient treatment and is equipped with diagnostic devices such as CT scans, DEXA scans, BMD, sonography, and X-ray machines. The company conducted over 75-80 surgeries per month (consisting of over 30 orthopedics, 15 gynecologists, 25 general surgery, 10 dental & other branches) during the FY 2021-22 and also during the period starting from 1st April 2022 to 15th February, 2023 and provided healthcare services to an aggregate of approx. 2,200-2,350 patients per month, consisting of approx. 200-250 Indoor Patients per month and approx. 2000-2100 Outpatient per month. The hospital has recorded a bed occupancy ratio of approx. 27.67% in the month of December 2022 and an average IPD of approx. 7.19 patients per day in the month of December 2022.
On January 28, 2023, the company entered into an agreement with M/s. Life Care Diet Service to provide food services to its patients and a cafeteria for the attendants in the hospital.
The company is a member of the Biomedical Waste Management System, Ratlam for the disposal of biomedical waste. It is also certified by the National Accreditation Board for Hospitals and Healthcare Providers (NABH Accredited) as a primary-level small healthcare organization in Madhya Pradesh.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 5.73 | 5.61 |
| Total Income | 1.62 | 2.14 |
| Profit After Tax | 0.10 | 0.22 |
| NET Worth | 5.19 | 5.09 |
| Reserves and Surplus | 0.33 | 0.23 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of medical equipment | 7.29 |
| 2 | General corporate purposes | 1.00 |
| 3 | Public Issue Expenses | 0.49 |
| KPI | |
|---|---|
| ROE | 8.56% |
| ROCE | 5.72% |
| RoNW | 4.28% |
| PAT Margin | 10.29% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.45 | |
| P/E (x) | 100 | 8.04 |
| Promoter Holding | 100% | 71.36% |
| Market Cap | ₹30.64 Cr. |
The KK Shah Hospitals IPO is subscribed 13.58 times on October 31, 2023 7:02:00 PM (Day 3). The public issue subscribed 9.41 times in the retail category, [.] times in the QIB category, and 17.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 17.75 | 9,24,000 | 1,64,04,000 |
| Retail | 9.41 | 9,24,000 | 86,94,000 |
| Total | 13.58 | 18,48,000 | 2,50,98,000 |
Total Application : 3,162
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Managers Fees | 0.13 |
| 2 | Registrar to the Issue | 0.02 |
| 3 | Legal Advisors | 0.01 |
| 4 | Advertising and marketing Expenses | 0.10 |
| 5 | Regulators including Stock Exchange | 0.03 |
| 6 | Printing and Distribution of issue stationery | 0.02 |
| 7 | Others fees payable to Marketing & Distribution expenses, Selling Commission, Brokerage, Underwriter, Market Maker, Processing fees, etc and other miscellaneous expenses | 0.18 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹56.10 |
| Low | ₹53.30 |
| High | ₹58.90 |
| Last Trade | ₹58.90 |
Lead Manager Reports
KK Shah Hospitals IPO is a SME IPO of 19,50,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Oct 27, 2023, and closes on Tue, Oct 31, 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 KK Shah Hospitals IPO using UPI as a payment gateway. Zerodha customers can apply in KK Shah Hospitals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KK Shah Hospitals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KK Shah Hospitals IPO opens on Fri, Oct 27, 2023 and closes on Tue, Oct 31, 2023.
KK Shah Hospitals IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in KK Shah Hospitals 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 KK Shah Hospitals IPO will be done on Friday, November 3, 2023, and the allotted shares will be credited to your demat account by Mon, Nov 6, 2023. Check the KK Shah Hospitals IPO allotment status.
The KK Shah Hospitals IPO listing date is on Mon, Nov 6, 2023.
