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Asarfi Hospital IPO is a book built issue of Rs 26.94 crores. The issue is entirely a fresh issue of 51.8 lakh shares.
Asarfi Hospital IPO bidding started from July 17, 2023 and ended on July 19, 2023. The allotment for Asarfi Hospital IPO was finalized on Monday, July 24, 2023. The shares got listed on BSE SME on July 26, 2023.
Asarfi Hospital IPO price band is set at ₹51 to ₹52 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹104,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹208,000.
Hem Securities Limited is the book running lead manager of the Asarfi Hospital IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Asarfi Hospital IPO is Hem Finlease.
Refer to Asarfi Hospital IPO RHP for detailed information.
| IPO Date | July 17, 2023 to July 19, 2023 |
| Listing Date | July 26, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,180,000 shares (aggregating up to ₹26.94 Cr) |
| Fresh Issue | 5,180,000 shares (aggregating up to ₹26.94 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 14,497,300 |
| Share holding post issue | 19,677,300 |
| Market Maker portion | 260,000 shares Hem Finlease |
Asarfi Hospital IPO offers 5,180,000 shares. 984,000 (19.00%) to QIB, 738,000 (14.25%) to NII, 1,722,000 (33.24%) to RII 1,476,000 (28.49%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,476,000 (28.49%) |
| Market Maker Shares Offered | 260,000 (5.02%) |
| QIB Shares Offered | 984,000 (19.00%) |
| NII (HNI) Shares Offered | 738,000 (14.25%) |
| Retail Shares Offered | 1,722,000 (33.24%) |
| Total Shares Offered | 5,180,000 (100%) |
Asarfi Hospital IPO raises Rs 7.68 crore from anchor investors. Asarfi Hospital IPO Anchor bid date is July 14, 2023. Asarfi Hospital IPO Anchor Investors list
| Bid Date | July 14, 2023 |
| Shares Offered | 1,476,000 |
| Anchor Portion Size (In Cr.) | 7.68 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 23, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 22, 2023 |
Asarfi Hospital IPO opens on July 17, 2023, and closes on July 19, 2023.
| IPO Open Date | Monday, July 17, 2023 |
| IPO Close Date | Wednesday, July 19, 2023 |
| Basis of Allotment | Monday, July 24, 2023 |
| Initiation of Refunds | Tuesday, July 25, 2023 |
| Credit of Shares to Demat | Wednesday, July 26, 2023 |
| Listing Date | Wednesday, July 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 19, 2023 |
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 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
| Lot Size Calculator | |||
Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh, Madhuri Singh, and Nitu Singh are the Promoters of the company.
| Share Holding Pre Issue | 83.03% |
| Share Holding Post Issue | 61.17% |
Incorporated in 2005, Asarfi Hospital Limited provides healthcare facilities to the people of Jharkhand. The company was started by Nayan Prakash Singh and Harendra Singh in the name of their mother Asarfi Devi.
Asarfi Hospital is a 250 bedded multi-specialty hospital offering healthcare facilities to people for nearly two decades in Dhanbad, Jharkhand. The entity is Accredited by National Accreditation Board for Testing and Calibration Laboratories (NABL Accredited).
Asarfi Hospital operates with a dedicated team of doctors who are committed to offering their expert discretion and skills. As an integrated healthcare service provider, the company is committed towards delivering valued healthcare services to patients that include prevention, treatment, and proper rehabilitation.
To further the operations of the hospital, they are impaneled with several Government Agencies, Insurance and TPA providers, and Corporate Organizations for providing regular healthcare facilities to their employees.
Asarfi Hospital Limited has departments like Cardiology, General Medicine, Day Care Services, Paediatrics & Neonatology, Obstetrics & Gynaecology, Neurosciences, General Surgery, Gastroenterology, Pulmonology, Orthopaedics Plastic Surgery & Cosmetics, Nutrition & Dietetics, Oncology, Urology, Ophthalmology, Radiology, ENT, Dental, Nephrology, Physiotherapy, Emergency, Anaesthesiology & Critical Care, Pain Management and so on.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 3,729.45 | 5,439.90 | 353.43 | 1,689.90 | 1,564.95 | 713.36 |
| 31-Mar-22 | 6,270.24 | 6,619.54 | 572.84 | 2,262.73 | 2,137.78 | 1,163.31 |
| 31-Mar-23 | 9,342.71 | 7,303.26 | 801.53 | 4,184.26 | 2,734.53 | 1,720.20 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Asarfi Hospital IPO is Rs 102.32 Cr.
| KPI | Values |
|---|---|
| ROE | 19.16% |
| ROCE | 19.91% |
| Debt/Equity | 0.41 |
| RoNW | 19.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.58 | |
| P/E (x) | 12.78 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. It has posted growth in its financial performance for the reported periods. It is on an expansion spree with a cancer hospital, educational and healthcare management institute establishment. Based on its FY23 performance, the issue appears reasonably priced. This segment is witnessing market fancy. Investors may consider investment for the medium to long-term rewards. Read detail review...
The Asarfi Hospital IPO is subscribed 195.14 times on July 19, 2023 7:02:00 PM. The public issue subscribed 167.81 times in the retail category, 50.60 times in the QIB category, and 451.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 50.60 |
| NII | 451.62 |
| Retail | 167.81 |
| Total | 195.14 |
Total Application : 162,507 (188.74 times)
| Listing Date | July 26, 2023 |
| BSE Script Code | 543943 |
| NSE Symbol | |
| ISIN | INE0DN001027 |
| Final Issue Price | ₹52 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹52.00 |
| ₹98.80 |
| ₹98.80 |
| ₹103.74 |
| ₹103.74 |
Asarfi Hospital Limited
Baramuri,
Bishunpur Polytechnic,
Dhanbad - 828130
Phone: +91 96088 33708
Email: cs@asarfihospital.com
Website: http://www.asarfi.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
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Asarfi Hospital IPO is a SME IPO of 5,180,000 equity shares of the face value of ₹10 aggregating up to ₹26.94 Crores. The issue is priced at ₹51 to ₹52 per share. The minimum order quantity is 2000 Shares.
The IPO opens on July 17, 2023, and closes on July 19, 2023.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Asarfi Hospital IPO using UPI as a payment gateway. Zerodha customers can apply in Asarfi Hospital IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Asarfi Hospital IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Asarfi Hospital IPO opens on July 17, 2023 and closes on July 19, 2023.
Asarfi Hospital IPO lot size is 2000 Shares, and the minimum amount required is ₹104,000.
You can apply in Asarfi Hospital 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 Asarfi Hospital IPO will be done on Monday, July 24, 2023, and the allotted shares will be credited to your demat account by Wednesday, July 26, 2023. Check the Asarfi Hospital IPO allotment status.
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