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Aatmaj Healthcare Limited IPO (Aatmaj Healthcare IPO) Detail

June 19, 2023 - June 21, 2023

Aatmaj Healthcare IPO is a fixed price issue of Rs 38.40 crores. The issue is entirely a fresh issue of 64 lakh shares.

Aatmaj Healthcare IPO bidding started from June 19, 2023 and ended on June 21, 2023. The allotment for Aatmaj Healthcare IPO was finalized on Monday, June 26, 2023. The shares got listed on NSE SME on June 30, 2023.

Aatmaj Healthcare IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹240,000.

Nirbhay Capital Services Private Limited is the book running lead manager of the Aatmaj Healthcare IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Aatmaj Healthcare IPO is Rikhav Securities.

Refer to Aatmaj Healthcare IPO RHP for detailed information.

Aatmaj Healthcare IPO Details

IPO Date June 19, 2023 to June 21, 2023
Listing Date June 30, 2023
Face Value ₹5 per share
Price ₹60 per share
Lot Size 2000 Shares
Total Issue Size6,400,000 shares
(aggregating up to ₹38.40 Cr)
Fresh Issue6,400,000 shares
(aggregating up to ₹38.40 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue16,200,000
Share holding post issue22,600,000
Market Maker portion322,000 shares
Rikhav Securities

Aatmaj Healthcare IPO Reservation

Aatmaj Healthcare IPO offers 6,401,000 shares. 3,039,500 (47.48%) to NII, 3,039,500 (47.48%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered322,000 (5.03%)
Other Shares Offered3,039,500 (47.48%)
Retail Shares Offered3,039,500 (47.48%)
Total Shares Offered6,401,000 (100%)

Aatmaj Healthcare IPO Timeline (Tentative Schedule)

Aatmaj Healthcare IPO opens on June 19, 2023, and closes on June 21, 2023.

IPO Open Date Monday, June 19, 2023
IPO Close Date Wednesday, June 21, 2023
Basis of Allotment Monday, June 26, 2023
Initiation of Refunds Tuesday, June 27, 2023
Credit of Shares to Demat Thursday, June 29, 2023
Listing Date Friday, June 30, 2023
Cut-off time for UPI mandate confirmation 5 PM on June 21, 2023

Aatmaj Healthcare IPO Lot Size

Investors can bid for a minimum of 2000 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 2000 ₹120,000
Retail (Max) 1 2000 ₹120,000
HNI (Min) 2 4,000 ₹240,000
Lot Size Calculator

Aatmaj Healthcare IPO Promoter Holding

Dr. Tushar Suvagiya, Dr. Subhash Padmani, and Dr. Ravi Apte are the company promoters.

Share Holding Pre Issue 88.89%
Share Holding Post Issue 63.72%

About Aatmaj Healthcare Limited

Incorporated in 2014, Aatmaj Healthcare Limited runs multi-specialty hospitals, under the name Jupiter Hospitals, offering medical care at affordable rates.

The company provides inpatient and outpatient healthcare services through its hospitals in Vadodara, Gujarat with an aggregate bed capacity of 130 beds extendable up to 175 beds. As on December 31, 2022, they have conducted an aggregate healthcare treatment, including surgeries, of over 17,000 patients, consisting of more than 4,000 patients and more than 13,000 OPD patients including Covid-19 Patients.

The company's primary check-up services include hemoglobin check, lipid profile, general tests, renal profile, blood sugar, MCV, ESR, MCH, MCHC, liver profile, and lipid profile.

Aatmaj Healthcare specializes in Nephrology and Uro surgery/Vascular surgery, Orthopedics, Joint replacement, Polytrauma care, Obstetric, Gynaecology, ENT, Ophthalmology, Plastic Surgery, and Neuro Surgery.

The company is a part of Ayushman Bharat-Pradhan Mantri Jan ArogyaYojana, a flagship scheme of the Government of India which was launched and recommended by the National Health Policy 2017, to achieve the vision of universal health coverage (UHC).

Company Financials

Aatmaj Healthcare Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20932.82436.82-27.03-93.34-228.34876.26
31-Mar-21979.971,726.25412.19318.85183.85433.39
31-Mar-221,719.322,180.88492.07810.62675.62517.52
30-Sep-222,323.491,344.83290.931,101.85561.85893.61
31-Dec-223,031.942,047.73577.491,388.40578.401,218.40
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Aatmaj Healthcare IPO is Rs 135.6 Cr.

KPI Values
ROE0.42
ROCE44.13
Debt/Equity0.14
RoNW53.67%
Pre IPO Post IPO
EPS (Rs) 5.41
P/E (x) 17.6

Objects of the Issue (Aatmaj Healthcare IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Repayment/Prepayment in full or part of the existing secured debt of the company,
  2. Working Capital Requirements,
  3. Purchase of medical equipment for hospitals of the company and/or newly acquired or set-up hospitals,
  4. Acquisitions and other strategic initiatives,
  5. General Corporate Expenses and Issue expenses.

Aatmaj Healthcare IPO Review (May apply)

[Dilip Davda]  The company operates in a highly competitive and fragmented segment with many players. It has posted steady growth in its top and bottom lines and the management is confident of maintaining the trends. It has plans of expansion via acquisition mode in surrounding regions. Based on its financial performance so far, the issue appears fully priced. Well-informed investors may park funds for medium to long-term rewards. Read detail review...


Aatmaj Healthcare IPO Subscription Status (Bidding Detail)

The Aatmaj Healthcare IPO is subscribed 33.60 times on June 21, 2023 7:30:00 PM. The public issue subscribed 30.27 times in the retail category, times in the QIB category, and 36.78 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other36.78
Retail30.27
Total33.60

Total Application : 46,009 (30.27 times)

Aatmaj Healthcare IPO Prospectus

Aatmaj Healthcare IPO Rating

16
3.7
Rating:Rated 3.7 stars
Vote Here ...

Aatmaj Healthcare IPO Listing Details

Listing Date June 30, 2023
BSE Script Code
NSE Symbol AATMAJ
ISIN INE0OB201016
Final Issue Price ₹60 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹60.00
₹56.00
₹53.20
₹56.00
₹53.20

Check IPO Performance…

Aatmaj Healthcare Limited Contact Details

Aatmaj Healthcare Limited
Jupiter Hospital, Opp. ICAI Bhavan,
Sunpharma Ataladra Road,
Vadodara - 390012
Phone: +91 9714059465
Email: cs@jupiterhospitalvadodara.com
Website: https://www.jupiterhospitalvadodara.com/

Aatmaj Healthcare IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: aatmajhealthcare.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Aatmaj Healthcare IPO - Buy or Not

Aatmaj Healthcare IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 2 0 0

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Aatmaj Healthcare IPO FAQs

Aatmaj Healthcare IPO is a SME IPO of 6,400,000 equity shares of the face value of ₹5 aggregating up to ₹38.40 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000 Shares.

The IPO opens on June 19, 2023, and closes on June 21, 2023.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

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

Steps to apply in Aatmaj Healthcare 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 'Aatmaj Healthcare 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 Aatmaj Healthcare IPO opens on June 19, 2023 and closes on June 21, 2023.

Aatmaj Healthcare IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.

You can apply in Aatmaj Healthcare 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 Aatmaj Healthcare IPO will be done on Monday, June 26, 2023, and the allotted shares will be credited to your demat account by Thursday, June 29, 2023. Check the Aatmaj Healthcare IPO allotment status.

The Aatmaj Healthcare IPO listing date is on June 30, 2023.
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Aatmaj Healthcare IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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949 Comments

396. Ipoaspire |   Link |  Bookmark |July 25, 2023 10:35:16 PM (300+ Posts)
Hold tight , tomorrow aasarfi listing.eventually aatmaj will skyrocket .hold untill sept for best returns.
396.3. Sanchit Jain |   Link |  Bookmark |July 26, 2023 2:50:57 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Wow what a move today. Dont know if Aatmaj is due for its results also for FY 22-23.
396.4. ipostudy |   Link |  Bookmark |July 27, 2023 10:08:42 AM
today down again ..it will play 39rs to 45rs
395. Dharmendra Adroja |   Link |  Bookmark |July 24, 2023 10:38:24 PM
Out of topic
What say experts about aatmaj healthcare hold or sell
395.1. ipostudy |   Link |  Bookmark |July 25, 2023 10:35:51 AM
today more down..it will go more down till 39 rs . take your decision
394. Ipoaspire |   Link |  Bookmark |July 20, 2023 8:51:56 PM (300+ Posts)
Holding tight and buying more.this will skyrocket after ashrafi listing..this is a very good company with bright future prospects
393. ervrsn |   Link |  Bookmark |July 20, 2023 4:48:44 PM
Is stock ne toh htyar dal diye.
392. Anand gandhi |   Link |  Bookmark |July 17, 2023 6:30:19 PM
axis bank unblock sbi still not unblock
391. BrownAngrez |   Link |  Bookmark |July 17, 2023 1:07:07 PM
रे आत्मज आईपीओ,
तू ही मिला था पहली बार एसएमई आईपीओ... और तन्ने ही लूट लियो!

सुखी रहियो!!
390. BullsEyee |   Link |  Bookmark |July 15, 2023 12:38:07 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
....
390.1. enthuIPO |   Link |  Bookmark |July 15, 2023 1:28:04 PM
Bhai what is the meaning of these dots?
389. Sanchit Jain |   Link |  Bookmark |July 13, 2023 3:33:19 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Get ready for 20% bracket tomorrow..
389.2. Sanchit Jain |   Link |  Bookmark |July 13, 2023 8:02:48 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Bhai sahab, wo toh aapka punya hai ki 20% upar ya neeche. Cell point was a big disappointment today. Fingers crossed for this one tomorrow..
389.3. Gatla |   Link |  Bookmark |July 14, 2023 7:29:42 AM
Hope for the best 🤞
388. IPO Reddy |   Link |  Bookmark |July 13, 2023 11:07:47 AM
@MRavichandran @lokes 
1st time seeing more than 50k loss with 2 alloted SMEs😭, AATMAJ was my 2nd SME allotment
We are trusting ur analysis more than company's fundamentals🥹
388.2. Takamichi |   Link |  Bookmark |July 13, 2023 12:36:35 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Had sold one at 56 ..... Bought one today ....
Circuit will revise soon......
Good buying at this price....
Will see how it behaves as circuit changes.....
Some downside possible but good investment at this price....
I hope everyone recovers soon
388.3. DHARMENDRA SHARMA |   Link |  Bookmark |July 13, 2023 2:44:34 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Dear lokes,
Once again lower circuit At Rs. 46.55 /56,000 seller.
Capital stuck in the above sme Ipo.
Thanks
387. IPO guro |   Link |  Bookmark |July 12, 2023 3:50:16 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Ab chalna bahut mushkil hai.
386. ipostudy |   Link |  Bookmark |July 11, 2023 9:43:59 AM
when its results ? should we buy more here
386.1. Gaurav DD dimer |   Link |  Bookmark |July 11, 2023 11:00:16 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
No information yet, but soon.
386.2. ओम |   Link |  Bookmark |July 12, 2023 5:49:27 PM
Any update quarterly result infollion reasurch
385. G profit |   Link |  Bookmark |July 7, 2023 11:15:33 AM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
@lokes @MRavichandran Any idea about AATMAJ? Can we hold or exit?
385.1. ipostudy |   Link |  Bookmark |July 7, 2023 12:59:18 PM
new lead manager ..what we should do ? exit or hold
385.2. lokes |   Link |  Bookmark |July 13, 2023 12:38:58 AM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
Better to hold if no funds issue, booking loss at current levels is not right....i was expecting it to consolidate around 55 to 58 but it has gone down again....in my view it can be added more around 47-48 levels to average and then 1 lot can be sold around 55-56 levels once it will move up again...company looks strong with current financials and is expected to perform well in future as per expansion plans....
384. enthuIPO |   Link |  Bookmark |July 6, 2023 10:43:19 PM
Why it started again towards south?
384.1. Logij Kumar |   Link |  Bookmark |July 6, 2023 11:20:33 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Neglected due to bombardment and listing of other IPOs.
383. Ipoaspire |   Link |  Bookmark |July 5, 2023 5:31:43 AM (300+ Posts)
Bought 3 lots ,this has bright future prospects and company will deliver good results in the coming days.hold tightly . expecting 100 levels by sept 23...
382. Safe Bet |   Link |  Bookmark |July 4, 2023 9:32:00 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
What is the deadline for SMEs to announce annual results.
Aatmaj fy23 results are awaited...
381. IPO APPLIER |   Link |  Bookmark |July 4, 2023 10:01:38 AM
Hope another UC today and gets close to issue price. :)
381.4. IPO APPLIER |   Link |  Bookmark |July 4, 2023 3:44:33 PM
day 1 - 18Lakhs
day 2 - 8.5Lakhs
day 3 (today) - 4.8Lakhs
and 1.5 lakhs shares buy order with no seller at the end of day

Total share were about - 64lakhs

you can see the volumes at(historical data)
https://www.nseindia.com/get-quotes/equity?symbol=AATMAJ
381.5. IPO APPLIER |   Link |  Bookmark |July 4, 2023 3:48:15 PM
@ratna ratna 
I am not an expert to advise but can disclose I am also holding 2 allotted lots.
The volume figures are much better to spectrum where I am again holding 2 lots.
380. IPO APPLIER |   Link |  Bookmark |July 4, 2023 2:38:11 PM
UC !!! 58.60
Hope for 1 more tomorrow
379. RisingStar |   Link |  Bookmark |July 4, 2023 11:28:44 AM
Sold 1 alloted lot @58
378. MRavichandran |   Link |  Bookmark |July 3, 2023 10:11:59 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Bought 13 lots so far, will add more
Thanks
378.26. IPOKnight |   Link |  Bookmark |July 3, 2023 9:00:49 PM
@MRavichandran Could you also through some light on Innokaiz? It did move up in last two trading days.
378.27. rkv |   Link |  Bookmark |July 3, 2023 10:54:22 PM
Dear MRavi Sir,
Pls. Continue doing good work.
377. SANJEEV SOOD |   Link |  Bookmark |July 3, 2023 12:21:06 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@PBRGV 
You got lesson of lifetime , take all comments on free service board with an eye of suspecision. Most of US do not have excess to Grey trades , so all grey premiums to be taken with a pinch of salt.

If you ask for 2 most genuine Boarders it would be Lokes and Ravichandran. The letter specially have deep pockets and hunger for risk along with shock bearing capacity. A retailer should not attempt to replicate his trades.

In conclusion your money , your decision , your profit /loss . No point blaming anybody else for your trades.
377.2. MRavichandran |   Link |  Bookmark |July 3, 2023 8:11:47 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@SANJEEV SOOD 
Thanks for those kind words, however in my opinion, there are so many genuine members in this great forum, either new or seasoned members where i could take few learnings every day 

PBRGV 
Please continue in the forum. I wish you all the best to recover your losses soon. 

Thanks
377.3. PKRAJ |   Link |  Bookmark |July 3, 2023 9:35:14 PM
@SANJEEV SOOD One lesson cannot make you understand for life time. At every stage of life different lessons come and go. Learn at all level. In one of my posts I had written the words of one of the biggest Industrialist: **WO INSAAN JO DOOSARO KI NAKAK KARTA HAI THODE TIME KE LIYE SAFAL HO SAKTA HAI BUT JIWAN ME BAHUT AAGE NAHI BADH SAKTA**.
Take it in a positive way. The members like @M Ravichandran, @Lokes and some others are totally different. It is difficult to match them. Their appetite of investing, profit and loss is beyond my imagination. Understand them. Time of their holding and other things, always great. They are investing in a big way.
This is my personal way of thinking and don't take otherwise.