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Hemant Surgical Industries Limited IPO (Hemant Surgical Industries IPO) Detail

May 24, 2023 - May 26, 2023

Hemant Surgical Industries IPO is a book built issue of Rs 24.84 crores. The issue is entirely a fresh issue of 27.6 lakh shares.

Hemant Surgical Industries IPO bidding started from May 24, 2023 and ended on May 26, 2023. The allotment for Hemant Surgical Industries IPO was finalized on Wednesday, May 31, 2023. The shares got listed on BSE SME on June 5, 2023.

Hemant Surgical Industries IPO price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹288,000.

Hem Securities Limited is the book running lead manager of the Hemant Surgical Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Hemant Surgical Industries IPO is Hem Finlease.

Refer to Hemant Surgical Industries IPO RHP for detailed information.

Hemant Surgical Industries IPO Details

IPO Date May 24, 2023 to May 26, 2023
Listing Date June 5, 2023
Face Value ₹10 per share
Price Band ₹85 to ₹90 per share
Lot Size 1600 Shares
Total Issue Size2,760,000 shares
(aggregating up to ₹24.84 Cr)
Fresh Issue2,760,000 shares
(aggregating up to ₹24.84 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue7,680,000
Share holding post issue10,440,000
Market Maker portion144,000 shares
Hem Finlease

Hemant Surgical Industries IPO Reservation

Hemant Surgical Industries IPO offers 2,760,000 shares. 523,200 (18.96%) to QIB, 393,600 (14.26%) to NII, 916,800 (33.22%) to RII 782,400 (28.35%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered782,400 (28.35%)
Market Maker Shares Offered144,000 (5.22%)
QIB Shares Offered523,200 (18.96%)
NII (HNI) Shares Offered393,600 (14.26%)
Retail Shares Offered916,800 (33.22%)
Total Shares Offered2,760,000 (100%)

Hemant Surgical Industries IPO Anchor Investors Details

Hemant Surgical Industries IPO raises Rs 7.04 crore from anchor investors. Hemant Surgical Industries IPO Anchor bid date is May 23, 2023. Hemant Surgical Industries IPO Anchor Investors list

Bid Date May 23, 2023
Shares Offered 782,400
Anchor Portion Size (In Cr.) 7.04
Anchor lock-in period end date for 50% shares (30 Days) June 30, 2023
Anchor lock-in period end date for remaining shares (90 Days) August 29, 2023

Hemant Surgical Industries IPO Timeline (Tentative Schedule)

Hemant Surgical Industries IPO opens on May 24, 2023, and closes on May 26, 2023.

IPO Open Date Wednesday, May 24, 2023
IPO Close Date Friday, May 26, 2023
Basis of Allotment Wednesday, May 31, 2023
Initiation of Refunds Thursday, June 1, 2023
Credit of Shares to Demat Friday, June 2, 2023
Listing Date Monday, June 5, 2023
Cut-off time for UPI mandate confirmation 5 PM on May 26, 2023

Hemant Surgical Industries IPO Lot Size

Investors can bid for a minimum of 1600 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 1600 ₹144,000
Retail (Max) 1 1600 ₹144,000
HNI (Min) 2 3,200 ₹288,000
Lot Size Calculator

Hemant Surgical Industries IPO Promoter Holding

Hanskumar Shamji Shah, Kaushik Hanskumar Shah, and Hemant Praful Shah are the Promoters of the company.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 73.56%

About Hemant Surgical Industries Limited

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:

  • Renal Care
  • Cardiovascular disease
  • Respiratory disease
  • Critical Care and Radiology
  • Surgical disposables

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.

Company Financials

Hemant Surgical Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-214,289.846,065.19114.53836.61653.381,446.35
31-Mar-225,437.5910,577.02461.401,298.011,114.78973.80
31-Mar-236,490.7911,149.68765.112,359.901,591.90711.92
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Hemant Surgical Industries IPO is Rs 93.96 Cr.

KPI Values
ROE32.42%
ROCE37.98%
Debt/Equity0.3
RoNW32.42%
Pre IPO Post IPO
EPS (Rs) 10.26
P/E (x) 12.28

Objects of the Issue (Hemant Surgical Industries IPO Objectives)

The Company intends to utilize the proceeds of the Issue to meet the following objectives:

  1. Funding Capital Expenditure towards the installation of additional plant and machinery
  2. Funding to meet working capital requirements
  3. General Corporate Purpose
  4. Issue expenses

Hemant Surgical Industries IPO Review (Apply)

[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...


Hemant Surgical Industries IPO Subscription Status (Bidding Detail)

The Hemant Surgical Industries IPO is subscribed 150.59 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 277.26 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB41.05
NII277.26
Retail158.73
Total150.59

Total Application : 6,844 (11.94 times)

Hemant Surgical Industries IPO Rating

11
4.2
Rating:Rated 4.2 stars
Vote Here ...

Hemant Surgical Industries IPO Listing Details

Listing Date June 5, 2023
BSE Script Code 543916
NSE Symbol
ISIN INE0GYI01028
Final Issue Price ₹90 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹90.00
₹171.00
₹171.00
₹179.55
₹179.55

Check IPO Performance…

Hemant Surgical Industries Limited Contact Details

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/

Hemant Surgical Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Hemant Surgical Industries IPO - Buy or Not

Hemant Surgical Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 4 1 0

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Hemant Surgical Industries IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Hemant Surgical Industries 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 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 amount required is ₹144,000.

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, May 31, 2023, and the allotted shares will be credited to your demat account by Friday, June 2, 2023. Check the Hemant Surgical Industries IPO allotment status.

The Hemant Surgical Industries IPO listing date is on June 5, 2023.
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Hemant Surgical Industries IPO Message Board

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

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467 Comments

225. PLAZA |   Link |  Bookmark |June 27, 2023 9:58:57 PM
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
Accumulating slowly will fire at any time
224. PLAZA |   Link |  Bookmark |June 19, 2023 2:13:25 PM
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
Finally sold@195 and wish all the best who are still holding ...
223. PLAZA |   Link |  Bookmark |June 14, 2023 8:59:47 PM
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
Any prediction for price
222. Noorul |   Link |  Bookmark |June 13, 2023 12:58:49 PM
Bought one lot at 155. Holding tight. Seems will touch 200 near term.
221. PLAZA |   Link |  Bookmark |June 12, 2023 10:17:50 AM
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
Inching towards buyer pack today
220. PLAZA |   Link |  Bookmark |June 11, 2023 7:51:53 PM
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
I hv decided this on the opinion of senior member MRavichandran sir as he is adding the lots on every fall and up .it makes me more confident as this is first time I hold hemant and vasa both allotted lots .
219. SJogi |   Link |  Bookmark |June 11, 2023 12:51:23 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
hemant's operating profit margin is increasing at an double rate every year.
pls read RHP carefully.
company is going to add 1 more plant and machinery with the ipo proceedings which will help them to expand and generate more profit. hemant's current PE is near 21 which is very low for this sector.
Industry PE is 51.
218. PLAZA |   Link |  Bookmark |June 9, 2023 5:34:27 AM
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
IMO hemant will now start upwards .disclaimer holding allotted lot .
218.3. TheNirav |   Link |  Bookmark |June 11, 2023 10:10:58 AM
Thanks What should be the target,
218.4. SJogi |   Link |  Bookmark |June 11, 2023 11:26:13 AM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
@TheNirav 
I will be holding it for next 6 months.
Short term target is 230+.
Long term target is 400+ in next 6-8 months.
Target is according to the growth in this sector.It will be depending on the company to take the maximum benefit of it.
217. SJogi |   Link |  Bookmark |June 9, 2023 9:30:24 AM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
Hemant surgicals works in an ever growing sector. Hemant is growing at a very good rate.
It is available at a very cheap price if compared to its peers and sector companies.

Hold for 6 month for double returns.
It will cross 180 in coming days.
217.1. Logij Kumar |   Link |  Bookmark |June 9, 2023 10:25:05 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Bought one lot for long, will buy more if further correction. Value investment, if didn't rise in short will run after 6 months. Invest only if want to hold for long. In short term, operators may bring it further down.
217.2. SJogi |   Link |  Bookmark |June 9, 2023 12:57:40 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
It has formed a base near 157.
It will rise from now on.
Hold for multibagger returns.
Company is doing great in their sector.
216. Jimit |   Link |  Bookmark |June 9, 2023 10:05:32 AM
When is the circuit limit revision?
215. M Gupta |   Link |  Bookmark |June 8, 2023 9:19:09 AM
IPO Mentor IPO Mentor (900+ Posts, 2500+ Likes)
Hemant

Two lots purchased at lower cercuit
One lot sold later @ 168 (kal wala)

Now holding total two lots
215.1. M Gupta |   Link |  Bookmark |June 13, 2023 7:59:24 PM
IPO Mentor IPO Mentor (900+ Posts, 2500+ Likes)
Getting fruits of decision to buy when everyone else was selling
215.2. Allan Mast |   Link |  Bookmark |June 15, 2023 3:43:51 PM
Well done..
Preopen me kharide hai kya?

If you bought alter listing? Isn't it too risky?
214. TheNirav |   Link |  Bookmark |June 7, 2023 6:07:10 PM
Hi All, My amount is one account is still blocked. I applied through PayTM UPI > ASBA > SBI. Please guide how to get that amount unblocked.
Thanks in advance.
213. Vidyutipo hunt |   Link |  Bookmark |June 7, 2023 2:57:00 PM
still looking overvalued
212. PLAZA |   Link |  Bookmark |June 7, 2023 8:09:25 AM
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
@MRavichandran @PKRAJ @abc xyz Yesterday Multiplier share and brokers services bought 90000 @221 of vasa and simultaneously sold 65600 shares of hemant @175. Seems total adjustment deals of hem.
Comments invited on this pl .
212.1. PKRAJ |   Link |  Bookmark |June 7, 2023 11:26:54 AM
@PLAZA Thanks. To place my name with @MRavichandran for my views is not possible. In any respect I am not so competent. I have no exposure in SMEs. Never received any allotment and never buy from market. Beyond my capacity of investment. So, not able to comment like MRavi and @abc xyz But my preference will be for Vasa. In mainline I prefer Medanta. I have great respect for Dr. Trehan. This hospital is known to me from last 35 years or so. My friend was admitted there before 33 years.
Have a nice health.
212.2. PLAZA |   Link |  Bookmark |June 7, 2023 11:36:18 AM
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
Thank you very much sir for feed up. My father also undergone surgery by Dr trehan in 1993 when he was in escorts . I met him personally and find him genuine and soft spoken gentleman indeed in addition to a very good dr.
211. TheNirav |   Link |  Bookmark |June 7, 2023 7:54:29 AM
Hi All, I am new to forum and SMEs IPO as well. I got 1 allotment of Hemant Surgicals. Can any body guide, that should I keep it or sell it. I can hold upto 6 months. Thanks
211.11. TheNirav |   Link |  Bookmark |June 21, 2023 9:56:49 AM
@MRavichandran Thanks for good advice, fruit is visible, I am still Holding as per your advice. Sir please let me know updates, if any. Again Thanks for advice.
211.12. MRavichandran |   Link |  Bookmark |June 22, 2023 12:17:43 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@TheNirav 
happy that you are holding still. Hemant is a PF stock along with Vasa dental (holding huge in Hemant and no investments in Vasa) for few months or years.
All the best.

Thanks
210. MVP |   Link |  Bookmark |June 6, 2023 2:00:29 PM
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Sold at listing price
210.1. MVP |   Link |  Bookmark |June 6, 2023 2:00:48 PM
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Bye bye Hamant
209. Pawan Leo |   Link |  Bookmark |June 6, 2023 9:46:01 AM
can this hit LC tomorrow also?
208. Takamichi |   Link |  Bookmark |June 6, 2023 9:26:20 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
DAPS Innokaiz and now hemant
207. Vnrao |   Link |  Bookmark |June 5, 2023 9:13:32 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Tomorrow the Nifty and Sensex May open with Negative bias. What will be the position of HSIL. Whether it can continue with UC as was the case of DENTALKART and CRAYONS. Experts can please guide.
206. IPO smart |   Link |  Bookmark |June 5, 2023 8:16:59 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Dear all, What will be circuit limit for tomorrow.