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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 ₹73.00 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). The minimum lot size investment for 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 Date | February 10, 2022 to February 15, 2022 |
| Listing Date | February 23, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,71,200 shares (aggregating up to ₹20.23 Cr) |
| Reserved for Market Maker | 1,40,800 shares Bhh Securities Pvt.Ltd. (aggregating up to ₹1.03 Cr) |
| Net Offered to Public | 26,30,400 shares (aggregating up to ₹19.20 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 77,42,250 shares |
| Share Holding Post Issue | 1,05,13,450 shares |
Madhavbaug IPO offers total 27,71,200 shares. Out of which 13,15,200 (47.46%) allocated to NII, 13,15,200 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,40,800 (5.08%) |
| NII (HNI) Shares Offered | 13,15,200 (47.46%) |
| Retail Shares Offered | 13,15,200 (47.46%) |
| Total Shares Offered | 27,71,200 (100.00%) |
Vaidya Sane Ayurved Laboratories IPO opens on February 10, 2022, and closes on February 15, 2022.
| IPO Open Date | Thu, Feb 10, 2022 |
| IPO Close Date | Tue, Feb 15, 2022 |
| Tentative Allotment | Fri, Feb 18, 2022 |
| Initiation of Refunds | Mon, Feb 21, 2022 |
| Credit of Shares to Demat | Tue, Feb 22, 2022 |
| Tentative Listing Date | Wed, Feb 23, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 15, 2022 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,16,800 |
| Retail (Max) | 1 | 1,600 | ₹1,16,800 |
| HNI (Min) | 2 | 3,200 | ₹2,33,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 257.80 | 258.06 | 291.11 | ||
| Total Revenue | 315.65 | 522.79 | 752.97 | ||
| Profit After Tax | 13.54 | 15.47 | -5.57 | ||
The market capitalization of Vaidya Sane Ayurved Laboratories IPO is ₹76.75 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 28.29 |
[Dilip Davda] VSAL has posted erratic financial performance so far. It is priced exorbitantly based on its latest performance with super-profits. It is going to spend nearly 80% of IPO proceeds on advertising and branding which raises concern. There is no harm in ignoring this IPO. Read detail review...
| Listing Date | February 23, 2022 |
| BSE Script Code | |
| NSE Symbol | MADHAVBAUG |
| ISIN | INE0JR301013 |
| Final Issue Price | ₹73 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹73.00 |
| Open | ₹102.00 |
| Low | ₹98.00 |
| High | ₹107.10 |
| Last Trade | ₹105.40 |
Vaidya Sane Ayurved Laboratories Ltd.
Fl. 5, 1047,
Shriram Bhawan,
Shukrawar Peth,
Pune, Maharashtra, 411002
Phone: +91 7738070019
Email: cs@madhavbaug.com
Website: https://madhavbaug.org/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Vaidya Sane Ayurved Laboratories IPO is a SME IPO of 27,71,200 equity shares of the face value of ₹10 aggregating up to ₹20.23 Crores. The issue is priced at ₹73 per share. The minimum order quantity is 1600.
The IPO opens on February 10, 2022, and closes on February 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 February 10, 2022 and closes on February 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 Tuesday, February 22, 2022. Check the Vaidya Sane Ayurved Laboratories IPO allotment status.
The Vaidya Sane Ayurved Laboratories IPO listing date is on Wednesday, February 23, 2022.
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