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Incorporated in 1989, Hemant Surgical Industries Limited is engaged in the business of manufacturing, importing, and assembling. Also, the company markets a comprehensive portfolio of medical equipments and disposables.
The wide spectrum of equipments and disposables offered by the company includes:
The products processed in the assembly units of the company are imported from countries like: Japan, China France, and Australia.
Hemant Surgical Industries presently has one manufacturing unit and two assembly units. The first Manufacturing Unit is situated at Achad Industrial Estate. The company started its operations of importing and marketing of medical disposables through this unit in 1999. The other two assembling units are located at Atgaon and Bhiwandi, respectively. These two assembling units undertake the assembling of medical products and devices.
The company's facilities are ISO 9001:2015 and ISO 13485:2016 certified. They have a fully equipped quality control department with experienced and qualified staff to facilitate smooth manufacturing and assembly line processes.
| IPO Date | May 24, 2023 to May 26, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹85 to ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,760,000 shares (aggregating up to ₹24.84 Cr) |
| Fresh Issue | 2,760,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,680,000 |
| Share holding post issue | 10,440,000 |
| Market Maker portion | 144,000 shares (Hem Finlease) |
| QIB Shares Offered | 523,200 (26.46%) |
| NII (HNI) Shares Offered | 537,600 (27.18%) |
| Retail Shares Offered | 916,800 (46.36%) |
| Total Shares Offered | 1,977,600 |
Note:
Hemant Surgical Industries IPO opens on May 24, 2023, and closes on May 26, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Wednesday, 24 May 2023 |
| Closing Date | Friday, 26 May 2023 |
| Basis of Allotment | Wednesday, 31 May 2023 |
| Initiation of Refunds | Thursday, 1 June 2023 |
| Credit of Shares to Demat | Friday, 2 June 2023 |
| Listing Date | Monday, 5 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 26, 2023 |
The Hemant Surgical Industries IPO lot size is 1600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
| Lot Size Calculator | |||
Hanskumar Shamji Shah, Kaushik Hanskumar Shah, and Hemant Praful Shah are the Promoters of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.56% |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 4,289.84 | 6,065.19 | 114.53 | 836.61 | 653.38 | 1,446.35 |
| 31-Mar-22 | 5,437.59 | 10,577.02 | 461.40 | 1,298.01 | 1,114.78 | 973.80 |
| 31-Mar-23 | 6,490.79 | 11,149.68 | 765.11 | 2,359.90 | 1,591.90 | 711.92 |
| Amount in ₹ Lakhs | ||||||
| KPI | Values |
|---|---|
| P/E (x) | 12.28 |
| Market Cap (₹ Cr.) | 93.96 |
| ROE | 32.42 |
| ROCE | 37.98 |
| Debt/Equity | 0.3 |
| EPS (Rs) | 10.26 |
| RoNW (%) | 32.42 |
The Company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is in the business of medical equipment/disposable manufacturing and marketing. It has reported steady growth in its top and bottom lines in recent years. Based on FY23 earnings, the issue appears reasonably priced. Investors may consider investment for the medium to long-term rewards. Read detail review...
The Hemant Surgical Industries IPO is subscribed 139.70 times on May 26, 2023 7:02:00 PM. The public issue subscribed 158.73 times in the retail category, 41.05 times in the QIB category, and 203.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 41.05 |
| NII | 203.26 |
| Retail | 158.73 |
| Total | 139.70 |
Total Application : 6,844 (11.94 times)
Hemant Surgical Industries Limited
502, 5th Floor, Ecstacy Business Park,
Co-Op Society Limited, J.S.D. Road,
Mulund (West), Mumbai – 400 080
Phone: 022-25915289/ 022- 259127
Email: cs@hemantsurgical.com
Website: http://www.hemantsurgical.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
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Check our SME IPO Guide 
Hemant Surgical Industries IPO is a SME IPO of 2,760,000 equity shares of the face value of ₹10 aggregating up to ₹24.84 Crores. The issue is priced at ₹85 to ₹90 per share. The minimum order quantity is 1600 Shares.
The IPO opens on May 24, 2023, and closes on May 26, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Hemant Surgical Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Hemant Surgical Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hemant Surgical Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hemant Surgical Industries IPO opens on May 24, 2023 and closes on May 26, 2023.
Hemant Surgical Industries IPO lot size is 1600 Shares and the minimum order quantity is .
You can apply in Hemant Surgical Industries 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 Hemant Surgical Industries IPO will be done on Wednesday, 31 May 2023, and the allotted shares will be credited to your demat account by Friday, 2 June 2023. Check the Hemant Surgical Industries IPO allotment status.
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