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

May 24, 2023 - May 26, 2023

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.

Hemant Surgical Industries IPO Details

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 Size2,760,000 shares
(aggregating up to ₹24.84 Cr)
Fresh Issue2,760,000 shares
(aggregating up to ₹[.] 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

QIB Shares Offered523,200 (26.46%)
NII (HNI) Shares Offered537,600 (27.18%)
Retail Shares Offered916,800 (46.36%)
Total Shares Offered1,977,600


  1. Market Maker portion of 144,000 equity shares is added to NII Reservation.
  2. Total Shares offered: QIB+NII+RII.

Hemant Surgical Industries IPO Timetable (Tentative)

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

Hemant Surgical Industries IPO Lot Size

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

Hemant Surgical Industries IPO Promoter Holding

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%

Company Financials

Hemant Surgical Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

KPI Values
P/E (x)12.28
Market Cap (₹ Cr.)93.96
EPS (Rs)10.26
RoNW (%)32.42

Objects of the Issue

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 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)

CategorySubscription (times)

Total Application : 6,844 (11.94 times)

Hemant Surgical Industries IPO Rating

Rating:Rated 4.2 stars
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Company Contact Information

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://www.bigshareonline.com/

Hemant Surgical Industries IPO Analysis

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 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.

The Hemant Surgical Industries IPO listing date is not yet announced. The tentative date of Hemant Surgical Industries IPO listing is Monday, 5 June 2023.
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