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Aashka Hospitals Limited IPO (Aashka Hospitals IPO) Detail

August 10, 2021 - August 24, 2021

Aashka Hospitals IPO is a fixed price issue of Rs 101.64 crores. The issue is a combination of fresh issue of 54 lakh shares aggregating to Rs 65.34 crores and offer for sale of 30 lakh shares aggregating to Rs 36.30 crores.

Aashka Hospitals IPO bidding started from August 10, 2021 and ended on August 24, 2021. The allotment for Aashka Hospitals IPO was finalized on Monday, August 30, 2021. The shares got listed on BSE SME on September 1, 2021.

Aashka Hospitals IPO price is ₹121 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹121,000.

Fedex Securities Pvt Ltd is the book running lead manager of the Aashka Hospitals IPO, while Accurate Securities & Registry Private Limited is the registrar for the issue.

Refer to Aashka Hospitals IPO RHP for detailed information.

Aashka Hospitals IPO Details

IPO Date August 10, 2021 to August 24, 2021
Listing Date September 1, 2021
Face Value ₹10 per share
Price ₹121 per share
Lot Size 1000 Shares
Total Issue Size8,400,000 shares
(aggregating up to ₹101.64 Cr)
Fresh Issue5,400,000 shares
(aggregating up to ₹65.34 Cr)
Offer for Sale3,000,000 shares of ₹10
(aggregating up to ₹36.30 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion480,000 shares

Aashka Hospitals IPO Reservation

Aashka Hospitals IPO offers 8,880,000 shares. 3,960,000 (44.59%) to NII, 3,960,000 (44.59%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered480,000 (5.41%)
Other Shares Offered3,960,000 (44.59%)
Retail Shares Offered3,960,000 (44.59%)
Total Shares Offered8,880,000 (100%)

Aashka Hospitals IPO Timeline (Tentative Schedule)

Aashka Hospitals IPO opens on August 10, 2021, and closes on August 24, 2021.

IPO Open Date Tuesday, August 10, 2021
IPO Close Date Tuesday, August 24, 2021
Basis of Allotment Monday, August 30, 2021
Initiation of Refunds Tuesday, August 31, 2021
Credit of Shares to Demat Tuesday, August 31, 2021
Listing Date Wednesday, September 1, 2021
Cut-off time for UPI mandate confirmation 5 PM on August 24, 2021

Aashka Hospitals IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹121,000
Retail (Max) 1 1000 ₹121,000
Lot Size Calculator

Aashka Hospitals IPO Promoter Holding

Bipinchandra Shah is the promoter of the company.

Share Holding Pre Issue 91.67%
Share Holding Post Issue 61.24%

About Aashka Hospitals Limited

Incorporated in 2012, Aashka Hospital, the Gujarat-based hospital is an integrated healthcare service provider that offers the best quality of healthcare facilities including prevention, best treatment, and rehabilitation.It serves a range of healthcare services i.e. Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more.

It serves patients with ultra-modern medicinal practices and state-of-the-art infrastructure for medical as well as surgical care solutions. Amid COVID-19, it has set up a designated COVID-19 Treatment hospital and treated 2,000+ patients.

Competitive strengths

  • Longstanding market presence and strong brand equity.
  • A comprehensive range of well-diversified and specialty service offerings.
  • A team of best quality medical practitioners to provide quality services.
  • Certified by National Accreditation Board for Hospitals and Healthcare Providers and a part of Ayushman Bharat.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 6,508.14 6,004.73 5,405.18
Total Revenue 4,069.23 2,725.14 2,772.55
Profit After Tax 411.39 137.91 136.27

Objects of the Issue (Aashka Hospitals IPO Objectives)

  • Repayment/ prepayment of company's borrowings fully or partially.
  • Funding inorganic growth initiatives.
  • General corporate purposes.

Aashka Hospitals IPO Review (May apply)

[Dilip Davda]  This mega SME issue is aggressively priced despite super performance for FY21. Gujarat is becoming the most preferred destination for health-related treatments and the management is emphasizing a low-cost operation model with ultramodern equipment and facility. Considering the base of equity, chances for migration to the mainboard in the near future, post listing, is most likely. Hence, cash surplus/risk seekers may consider parking of their funds. Read detail review...

Aashka Hospitals IPO Subscription Status (Bidding Detail)

The Aashka Hospitals IPO is subscribed 1.30 times on August 24, 2021 6:52:00 AM. The public issue subscribed 0.75 times in the retail category, times in the QIB category, and 2.02 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

IPO Notices

External Link

Issue Close Date Extended

Aashka Hospitals IPO closing date was earlier extended to 18 August and now, it is further extended till 24 August, 2021.

Aashka Hospitals IPO Prospectus

Aashka Hospitals IPO Rating

Rating:Rated 3.7 stars
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Aashka Hospitals IPO Listing Details

Listing Date September 1, 2021
BSE Script Code 543346
NSE Symbol
Final Issue Price ₹121 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Aashka Hospitals Limited Contact Details

Aashka Hospitals Limited
Between Sargasan & Reliance Cross Road, Sargasan,
Gandhinagar - 382421

Phone: +91-7575009000

Aashka Hospitals IPO Registrar

Accurate Securities & Registry Private Limited

Phone: +91-79-48000319

Aashka Hospitals IPO - Buy or Not

Aashka Hospitals IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Aashka Hospitals IPO FAQs

Aashka Hospitals IPO is a SME IPO of 8,400,000 equity shares of the face value of ₹10 aggregating up to ₹101.64 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000 Shares.

The IPO opens on August 10, 2021, and closes on August 24, 2021.

Accurate Securities & Registry Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Aashka Hospitals IPO using UPI as a payment gateway. Zerodha customers can apply in Aashka Hospitals IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Aashka Hospitals IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Aashka Hospitals IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Aashka Hospitals IPO opens on August 10, 2021 and closes on August 24, 2021.

Aashka Hospitals IPO lot size is 1000 Shares, and the minimum amount required is ₹121,000.

You can apply in Aashka Hospitals IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Aashka Hospitals IPO will be done on Monday, August 30, 2021, and the allotted shares will be credited to your demat account by Tuesday, August 31, 2021. Check the Aashka Hospitals IPO allotment status.

The Aashka Hospitals IPO listing date is on September 1, 2021.
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Aashka Hospitals IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



103. ReTel Investor |   Link |September 8, 2021 5:59:49 PM
For your kind information( particularly, for who lost money):

A single investor NII has invested Rs.15,15,86,493/-(yes, Rs.15 Cr), got allotted 1282533 nos. shares of Aashka Hospital. With in week he/she lost Rs.4,02,71,536.2/-(approx Rs 4 Cr).

I am thinking who guided him/her?

103.1. ONLY LONG TERM |   Link |September 17, 2021 2:09:22 PM
I think that investor was promotor of company and invested such amount to save the IPO otherwise IPO was not a success. Once IPO is withdrawn it is not easy to come again in a company like this. In this way the promotors was sucessful in sailing through the IPO and collected whatever money they were able to collect from the public

102. Hitesh Gilhotra |   Link |September 14, 2021 11:59:11 AM
Received IPO of Aashka hospitals … Earlier it was showing 1000 shares @ 121 and now 2000 Shares @ 60.50

But unable to do trading … please let me know it is live or not for trading ?
Amount got deducted from account but it’s useless … unable to do anything

Please advice
102.1. ReTel Investor |   Link |September 14, 2021 2:27:24 PM
Wait for some time.

You will have 4000 share @ Rs. 30.25.

If you wait further.

You will have 8000 shares @ Rs. 15.13
101. Aashka is a fraud IPO |   Link |September 10, 2021 4:45:56 PM
Thank God For Ganesh Chaturti.. will not lose 5% of my hard earned money.. absolute fraud.
100. Srikanth Kumar Guntuboina |   Link |September 6, 2021 9:53:17 PM
I applied and got allotted 1 lot of shares. After down ceiling daily after listing. I am thinking to sell these shares and buy useful shares which benefits me. What shall I do?
100.2. Srikanth Kumar Guntuboina |   Link |September 7, 2021 10:04:00 PM
Long term ke liye invest kiya tha lekin bahuth bada disaster lagtha hai.
100.3. ReTel Investor |   Link |September 8, 2021 11:14:18 AM
Dear Srikanth Sir,

Thanks for reply. SME is very very risky in terms of IPOs. It may reduce your value to Zero or make you Lakhpati.

I personally not agree for the Retailer category term for SME IPO.As minimum amount for Retail category is more than 1 Lakh. Only HNI can bear sudden loss.

I hope you learnt big lesson from experience. As i can see you are a New Member for Chittorgarh, few of the members are giving very helpful information. You can take risk as per your appetite.

Aashka''s fall will continue, I don''t know up to which extent( even I know final destination of each fall is Zero).

I repeat "Don''t forget this experience."
99. Srikanth Kumar Guntuboina |   Link |September 7, 2021 10:01:45 PM
Shall I book loss in this stock bought this during IPO and got allotment but not at all satisfied. Fully frustrated on this IPO.
98. Jaipur investor of IPOs |   Link |September 2, 2021 5:11:58 PM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
97. Srikanth Kumar Guntuboina |   Link |September 2, 2021 2:28:57 PM
I am disappointed with the listing of Aashka Hospitals , yesterday and today lower ceiling of 5% each. Dilip Davda - I don’t know what to say you. He suggested may apply. I am thinking whether to apply vijaya and ami organic or not. Already disappointed with suryoday’s today’s rate and IPO listing and etc
97.1. dcpatan |   Link |September 2, 2021 4:19:05 PM
I have warned many many times now inocent investor should pay for it
96. ReTel Investor |   Link |September 1, 2021 12:35:33 PM
Finally Listed as per our expectation of Negative Listing & Lower Circuit. Approximately 30 lucky investors found space to escape. Now No buyers are available. This pace shall continue for next coming days.

Those who applied for this stock, ignoring views of IPO Gurus & Top contributor, shall learn the lesson. Hard to believe that people are irresponsibly allowing hard earned money to let go easily.

Thanks, Chittorgarh for providing wonderful platform for expressing view.

96.1. Srikanth Kumar Guntuboina |   Link |September 2, 2021 2:33:13 PM
My hardcore money is vanished by these types of IPO’s (Aashka, Suryoday and etc)
95. Srikanth Kumar Guntuboina |   Link |August 31, 2021 9:00:57 PM
I got my shares allotted. But need to confirm from broking company. But eagerly waiting for listing which is on 2nd
95.1. ReTel Investor |   Link |September 1, 2021 12:55:50 PM
Dear Sir,
Please help me.

Let me know on what basis you applied for this company?
This will help me and others of this forum to help other retail or new investors in future.
94. Mohit Bhatnagar |   Link |August 31, 2021 1:50:16 PM
Same here, waiting for allotment confirmation....
94.1. ReTel Investor |   Link |September 2, 2021 10:35:14 AM
Dear Sir,
Please help me.

Let me know on what basis you applied for this company?
This will help me and others of this forum to help other retail or new investors in future.
93. Srikanth Kumar Guntuboina |   Link |August 31, 2021 10:43:39 AM
Still the date of allotment or allotment process not yet done. Worried for the same.
92. Srikanth Kumar Guntuboina |   Link |August 24, 2021 12:55:11 PM
I would like to see the allotment status. I applied for this IPO.
92.3. Srikanth Kumar Guntuboina |   Link |August 26, 2021 3:52:27 PM
Mint bhai already bhogath raha huu for suryoday ipo. Abhi 157 hai lekin 305 ko apply kiya. Ye sab long term investment hai. Not for profit or selling
92.4. MintIndian |   Link |August 26, 2021 10:30:40 PM
@Srikant Bhai, No offence, BUT In the long term everyone is dead including most stocks.
91. Chalak lomdi |   Link |August 24, 2021 3:42:34 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Aashka sme

Normal 2000 /-
90. IPOANALYSIS |   Link |August 24, 2021 11:21:17 AM
Those applied get ready for confirmed allotment and confirmed listing at discount.
90.1. IPOANALYSIS |   Link |September 2, 2021 10:31:37 AM
As told earlier only fools applied for confirm loss
90.2. IPO Ultimate Guru |   Link |September 2, 2021 11:27:30 AM
2 Lower Circuits...........

Out of 84,00,000 shares
14,00,000+ sale orders
89. RaviKumar Gudapati |   Link |August 24, 2021 10:05:07 AM
Hello All,

Can anyone share the link where I can see pre listing session in NSE or BSE


Ravi Kumar Gudapati
88. Ravi Makkar |   Link |August 23, 2021 7:10:35 PM
Badhai ho badhai Mangment ko. IPO Full ho gya after 2 times extend the date, Very risky IPO. wish Investor ke Pase dubne se bach Jye. Price will come down Like Party cruiser IPO from 51 to 16.55 rs.
87. ManuKiChinta |   Link |August 23, 2021 12:09:23 PM
Thanks I was able to exit today from Aashka hospital ipo, great relief and thankful to all of you here . Thanks IPO guru
87.3. ReTel Investor |   Link |September 3, 2021 10:35:39 AM
Dear Jaipur Investor of IPOs,

When did you warned for Ashka hospital IPO?
87.4. MintIndian |   Link |September 3, 2021 5:26:28 PM
He DID warned you all. Never go against masses. Public sentiments is gods will atleast in stock market.
86. ManuKiChinta |   Link |August 22, 2021 10:34:02 PM
Hi friends just new to Chittorgarh, happy to see so many good comments on IPO analysis
Unfortunately I bought into Aashka hospital IPO, not able to exit, pls advise how to exit, the in app option to cancel isn''t working
86.1. The Angel Investor |   Link |August 23, 2021 10:36:12 AM
Hope you applied from SBI bank.

In SBI bank the demet section is their, where did you applied IPO.
from Deemet section "EDIT IPO" Tab,
Click on tab and click on "Ashka hospital ipo" which you applied.
in end on page the delete application tab .
Click on that and Approve/submit it.

you IPO application is deleted from server and your blocked money will release in same time when you delete the IPO.

enjoy the inveting.
86.2. IPOANALYSIS |   Link |August 23, 2021 10:38:46 AM
You have an option to cancel application when you clicl.on application.
85. Adp |   Link |August 21, 2021 11:26:37 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Don''t Apply
84. IPOANALYSIS |   Link |August 20, 2021 12:17:44 PM
This stock will list below 80 rs. Company and LN are greedy and we all know what happens to such company post listing. Fair value is 20 rs which will be reached in few months