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Achyut Healthcare Limited IPO (achyut-healthcare-ipo) Detail

March 17, 2022 - March 22, 2022

achyut-healthcare-ipo is a fixed price issue of Rs 3.60 crores. The issue is entirely a fresh issue of 18 lakh shares.

achyut-healthcare-ipo bidding started from March 17, 2022 and ended on March 22, 2022. The allotment for achyut-healthcare-ipo was finalized on Friday, March 25, 2022. The shares got listed on BSE SME on March 30, 2022.

achyut-healthcare-ipo price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

GYR Capital Advisors Private Limited is the book running lead manager of the achyut-healthcare-ipo, while Kfin Technologies Limited is the registrar for the issue.

Refer to achyut-healthcare-ipo RHP for detailed information.

achyut-healthcare-ipo Details

IPO Date March 17, 2022 to March 22, 2022
Listing Date March 30, 2022
Face Value ₹10 per share
Price ₹20 per share
Lot Size 6000 Shares
Total Issue Size1,800,000 shares
(aggregating up to ₹3.60 Cr)
Fresh Issue1,800,000 shares
(aggregating up to ₹3.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion96,000 shares

achyut-healthcare-ipo Reservation

achyut-healthcare-ipo offers 1,800,000 shares. 852,000 (47.33%) to NII, 852,000 (47.33%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered96,000 (5.33%)
Other Shares Offered852,000 (47.33%)
Retail Shares Offered852,000 (47.33%)
Total Shares Offered1,800,000 (100%)

achyut-healthcare-ipo Timeline (Tentative Schedule)

achyut-healthcare-ipo opens on March 17, 2022, and closes on March 22, 2022.

IPO Open Date Thursday, March 17, 2022
IPO Close Date Tuesday, March 22, 2022
Basis of Allotment Friday, March 25, 2022
Initiation of Refunds Monday, March 28, 2022
Credit of Shares to Demat Tuesday, March 29, 2022
Listing Date Wednesday, March 30, 2022
Cut-off time for UPI mandate confirmation 5 PM on March 22, 2022

achyut-healthcare-ipo Lot Size

Investors can bid for a minimum of 6000 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 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000
Lot Size Calculator

achyut-healthcare-ipo Promoter Holding

Mahendra Chatrabhuj Raycha and Akshit Mahendra Raycha are the company promoters.

Share Holding Pre Issue 90.28%
Share Holding Post Issue 66.18%

About Achyut Healthcare Limited

Incorporated in 1996, Achyut Healthcare Limited is engaged in the trading of Pharmaceutical Products. The company has business operations in both domestic and international markets in the countries namely UAE, Kenya, and Nigeria. The company is located in Ahmedabad, Gujarat.

The company involves in the trading of Cenzure, Arpimune, Azathioprine IP, Everomimus, Mycophenolate Mofetil USP, Mycophenolate Sodium USP, Sirolimus, Tacrolimus USP, Infrared thermometer, Ascorbic Acid Coated Vitamin C, Calcium carbonate oyster, Cellulose acetate Phthalate, Chlorthalidone IP, Cross Carmalose Sod IP/USP, DI Basic Calcium Phosphate IP, DI Ethyl Phthlate, Diltiazem Hydrochloride IP, Easy Coat Fc Titanium Dioxide, Escitalopram IP, Escitalopram Oxalate, Favipiravir among many other products.

Competitive Strengths:

  1. Pan India and Global market presence.
  2. Long-standing relationship with our customers having an exponentially strong rise and reach.
  3. Experienced management team with proven project management and implementation skills.
  4. Multi-location facilities have aided in market penetration and developing a strong presence in India and abroad.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakhs)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 588.68 47.13 27.26 23.73
Total Revenue 272.54 27.43 34.56 66.78
Profit After Tax 12.63 0.74 1.40 (1.46)

Key Performance Indicator

The market capitalization of achyut-healthcare-ipo is Rs 13.48 Cr.

Pre IPO Post IPO
P/E (x) 54.05

Objects of the Issue (achyut-healthcare-ipo Objectives)

The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:

  1. Funding purchases of machinery and equipment.
  2. General Corporate Purposes.

achyut-healthcare-ipo Review (Avoid)

[Dilip Davda]  The company has posted minuscule financial performances till FY21 and has marked bumper top and bottom line for the first half of the current fiscal. Since the company is having third party trading activity, sustainability of such performance going forward is a major concern. Even with this super current earning, its asking price is at a P/E of 54 making it a costly bet. There is no harm in ignoring this pricy offer. Read detail review...


achyut-healthcare-ipo Subscription Status (Bidding Detail)

The achyut-healthcare-ipo is subscribed 4.35 times on March 22, 2022 6:48:00 PM. The public issue subscribed 6.75 times in the retail category, times in the QIB category, and 1.95 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.95
Retail6.75
Total4.35

achyut-healthcare-ipo Prospectus

achyut-healthcare-ipo Rating

274
1.8
Rating:Rated 1.8 stars
Vote Here ...

achyut-healthcare-ipo Listing Details

Listing Date March 30, 2022
BSE Script Code 543499
NSE Symbol
ISIN INE0K1401012
Final Issue Price ₹20 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹20.15
₹20.00
₹21.15
₹21.15

Check IPO Performance…

Achyut Healthcare Limited Contact Details

Achyut Healthcare Limited
610 Colonade, B/H Iscon Temple,
Opposite Iscon, BRTS Bus Stand,
Iscon – Ambali Road, Ahmedabad- 380 058,
Phone: 07948982691
Email: compliance@achyuthealthcare.com
Website: http://achyuthealthcare.com/

achyut-healthcare-ipo Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: achyut.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

achyut-healthcare-ipo - Buy or Not

achyut-healthcare-ipo Recommendation Summary

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

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achyut-healthcare-ipo FAQs

achyut-healthcare-ipo is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹3.60 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.

The IPO opens on March 17, 2022, and closes on March 22, 2022.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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

Steps to apply in achyut-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 'achyut-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 achyut-healthcare-ipo opens on March 17, 2022 and closes on March 22, 2022.

achyut-healthcare-ipo lot size is 6000 Shares, and the minimum amount required is ₹120,000.

You can apply in achyut-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 achyut-healthcare-ipo will be done on Friday, March 25, 2022, and the allotted shares will be credited to your demat account by Tuesday, March 29, 2022. Check the achyut-healthcare-ipo allotment status.

The achyut-healthcare-ipo listing date is on March 30, 2022.
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achyut-healthcare-ipo Message Board

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13 Comments

11. Nusrat Gafoor |   Link |  Bookmark |April 10, 2022 1:44:19 PM
and finally WHOSE GMP it is. LOL
10. Kanwarjit |   Link |  Bookmark |March 22, 2022 3:04:00 PM (200+ Posts)
@MR RAVICHANDRAN. THANKS A LOT. GOD BLESS U
9. Kanwarjit |   Link |  Bookmark |March 22, 2022 12:05:00 PM (200+ Posts)
@MR RAVICHANDRAN. GOOD MORNING SIR. IS IT OK TO APPLY IF TOTAL SUB IS ABOUT 8 TO 10 TIMES. AND YOUR GUESS ON LISTING PRICE. THANKS.
9.1. MRavichandran |   Link |  Bookmark |March 22, 2022 2:22:49 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@Kanwarjit,
May be if it goes more than 10 X, you may try to applying small lots or retails, depends on your risk appetite. (But I would suggest to consider applying PE and Krishna instead of 'Achyut'.)

Thanks
8. SHEKHAWAT T |   Link |  Bookmark |March 21, 2022 8:48:15 PM
M Ravi sir are you applying this ipo ??
8.1. MRavichandran |   Link |  Bookmark |March 22, 2022 10:42:31 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@SHEKHAWAT T,
Not applying. (seems good subscriptions so far, I would have applied in small lots, if the money was not locked in Swaraj Suiting's. )

Thanks
7. IPO Mitr |   Link |  Bookmark |March 20, 2022 12:56:43 AM
Too small. Can easily subscribe heavily by operators. Company became profitable (SURPRISE !!!!!) only in IPO year. Can still give some listing gains due to very small size.............One should be very careful in transacting in such smaller companies. Though may give some listing gains but can also be stuck with the stock for very long term due to very very low liquidity.

6. AMIT IND |   Link |  Bookmark |March 18, 2022 6:58:10 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Another issue named EMPYREAN CASHEWS LIMITED is announced from 21 to 23 march on nse sme @ 37. I hope it appears in list soon with analysis.
5. BhavyaDhiman |   Link |  Bookmark |March 17, 2022 6:33:41 PM
better to apply for evoqu remedies. same field but better clientele & performance. Paan wala zyada revenue bana leta hai iss company se!
4. bAAz |   Link |  Bookmark |March 16, 2022 1:14:25 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Small size ipo may surprise on listing day.
3. Srikanth Kumar Guntuboina |   Link |  Bookmark |March 15, 2022 12:04:55 PM
“AVOID” - I simply say to avoid. Profit for 1 lakh for Mar’20, Mar’21 - 74 K & for 6 months got 12 Lakhs, you need to think about this. I am a good example for Aashka hospital, so please be alert. Thank you.
2. antarix |   Link |  Bookmark |March 14, 2022 4:42:41 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Rs. 74,000 profit in one year? By selling pharma products? Chatwala near my office earns more than that in a month (in winter). Profit declining till 2021 and then suddenly jumps in first 5 months of FY 22? In the name of SME IPO, every gully has created this or that company. Be careful.
1. Aaj Khush to bohot hoge |   Link |  Bookmark |March 14, 2022 11:46:03 AM
Priced irrationally and assuming the lower limit is Rs 10, the price could never be rational. Also, in crude language, the annual profits is what local pan shops in India earn in a quarter. Avoid