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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.
| 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 Size | 8,400,000 shares (aggregating up to ₹101.64 Cr) |
| Fresh Issue | 5,400,000 shares (aggregating up to ₹65.34 Cr) |
| Offer for Sale | 3,000,000 shares of ₹10 (aggregating up to ₹36.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 18,000,000 |
| Share holding post issue | 23,400,000 |
| Market Maker portion | 480,000 shares |
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 Offered | 480,000 (5.41%) |
| Other Shares Offered | 3,960,000 (44.59%) |
| Retail Shares Offered | 3,960,000 (44.59%) |
| Total Shares Offered | 8,880,000 (100%) |
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 |
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 | |||
Bipinchandra Shah is the promoter of the company.
| Share Holding Pre Issue | 91.67% |
| Share Holding Post Issue | 61.24% |
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
| 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 | ||
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 2.02 |
| Retail | 0.75 |
| Total | 1.30 |
Aashka Hospitals IPO closing date was earlier extended to 18 August and now, it is further extended till 24 August, 2021.
| Listing Date | September 1, 2021 |
| BSE Script Code | 543346 |
| NSE Symbol | |
| ISIN | INE0EAX01014 |
| Final Issue Price | ₹121 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹121.00 |
| ₹121.10 |
| ₹115.05 |
| ₹121.10 |
| ₹115.05 |
Aashka Hospitals Limited
Between Sargasan & Reliance Cross Road, Sargasan,
Gandhinagar - 382421
Phone: +91-7575009000
Email: cs@aashkahospitals.in
Website: http://www.aashkahospitals.in/
Accurate Securities & Registry Private Limited
Phone: +91-79-48000319
Email: investor@accuratesecurities.com
Website: https://www.accuratesecurities.com/ipo-details.php
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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
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.
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RHP
IPO Guru (2200+ Posts, 1100+ Likes)
Top Contributor (500+ Posts, 100+ Likes)
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?