Fixed Price IPO | ₹20 Cr | Listed at NSE SME | Thu, Feb 10, 2022 - Tue, Feb 15, 2022
Vaidya Sane Ayurved Laboratories IPO is a fixed price issue of ₹20.23 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹20.23 crore.
Vaidya Sane Ayurved Laboratories IPO bidding started from Feb 10, 2022 and ended on Feb 15, 2022. The allotment for Vaidya Sane Ayurved Laboratories IPO was finalized on Feb 18, 2022. The shares got listed on NSE SME on Feb 23, 2022.
Vaidya Sane Ayurved Laboratories IPO price is ₹73 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,16,800 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,33,600.
First Overseas Capital 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 Bhh Securities Pvt.Ltd..
Refer to Vaidya Sane Ayurved Laboratories IPO RHP for detailed Information.
IPO Open
Thu, Feb 10, 2022
IPO Close
Tue, Feb 15, 2022
Issue Price
₹73 per share
Market Cap (Pre-IPO)
₹76.75 Cr
| IPO Date | 10 to 15 Feb, 2022 |
| Listed on | Wed, Feb 23, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,71,200 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,40,800 shares Bhh Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 26,30,400 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 26,30,400 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 77,42,250 shares |
| Share Holding Post Issue | 1,05,13,450 shares |
| NSE Symbol | MADHAVBAUG |
| ISIN | INE0JR301013 |
Vaidya Sane Ayurved Laboratories IPO comprises a total issue size of 27,71,200 shares. The net offer to the public is 26,30,400 shares, after excluding 1,40,800 shares allotted on a firm basis. Of the Net offer 13,15,200 (50.00%) allocated to NII 13,15,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,15,200 | 50.00% | 47.46% |
| Retail Shares Offered | 13,15,200 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,40,800 | 5.08% | |
| Total Shares Offered | 27,71,200 | 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 | ₹1,16,800 |
| Retail (Max) | 1 | 1,600 | ₹1,16,800 |
| HNI (Min) | 2 | 3,200 | ₹2,33,600 |
Madhavbaug is a medical service institution engaged in the treatment of chronic ailments like cardiac disease, diabetes, hypertension, and obesity by combining modern technology with the traditional Ayurveda practices. It uses non-invasive, multidisciplinary, and innovative therapies for treating chronic ailments. The company mainly offers treatment for (i) Health disease reversal, (ii) Diabetes Reversal, (iii) BP Management, (iv) Obesity management, Knee pain relief.
As of November 30, 2021, the company operates 274 clinics across Maharashtra, Madhya Pradesh, Gujarat, Uttar Pradesh, Goa, Karnataka, Delhi, and Chhattisgarh. Out of these 52 are company-owned and 222 are franchise clinics. The company also operates two cardiac prevention and rehabilitation hospitals in Khopoli and Nagpur respectively.
The company offers several wellness products through their online portal Madhavbaug Wellness, and has an online app called MIB Pulse App which helps heart patients.
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 | Expenses on Marketing and Branding | 16.00 |
| 2 | General Corporate Purposes | 3.73 |
| 3 | Issue Related Expenses | 0.50 |
| KPI | |
|---|---|
| RoNW | 15.84% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.22 | |
| P/E (x) | 28.29 | |
| Promoter Holding | 90.08% | 66.34% |
| Market Cap | ₹76.75 Cr. |
The Madhavbaug IPO is subscribed 2.82 times on February 15, 2022 4:48:00 PM (Day 4). The public issue subscribed 2.98 times in the retail category, [.] times in the QIB category, and 2.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.66 | 13,15,200 | 35,04,000 |
| Retail | 2.98 | 13,15,200 | 39,15,200 |
| Total | 2.82 | 26,30,400 | 74,19,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 0.39 |
| 2 | Advertising and marketing expenses | 0.03 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.03 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹73.00 |
| Open | ₹102.00 |
| Low | ₹98.00 |
| High | ₹107.10 |
| Last Trade | ₹105.40 |
Lead Manager Reports
Vaidya Sane Ayurved Laboratories IPO is a SME IPO of 27,71,200 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹73 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Feb 10, 2022, and closes on Tue, Feb 15, 2022.
Bigshare 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 Vaidya Sane Ayurved Laboratories IPO using UPI as a payment gateway. Zerodha customers can apply in Vaidya Sane Ayurved Laboratories IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vaidya Sane Ayurved Laboratories IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vaidya Sane Ayurved Laboratories IPO opens on Thu, Feb 10, 2022 and closes on Tue, Feb 15, 2022.
Vaidya Sane Ayurved Laboratories IPO lot size is 1600, and the minimum amount required for application is ₹1,16,800.
You can apply in Vaidya Sane Ayurved Laboratories 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 Vaidya Sane Ayurved Laboratories IPO will be done on Friday, February 18, 2022, and the allotted shares will be credited to your demat account by Tue, Feb 22, 2022. Check the Vaidya Sane Ayurved Laboratories IPO allotment status.
The Vaidya Sane Ayurved Laboratories IPO listing date is on Wed, Feb 23, 2022.
