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KK Shah Hospitals IPO is a fixed price issue of Rs 8.78 crores. The issue is entirely a fresh issue of 19.5 lakh shares.
KK Shah Hospitals IPO bidding started from October 27, 2023 and ended on October 31, 2023. The allotment for KK Shah Hospitals IPO was finalized on Friday, November 3, 2023. The shares got listed on BSE SME on November 6, 2023.
KK Shah Hospitals IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.
Fedex Securities Pvt Ltd and Shreni Shares Limited are the book running lead managers of the KK Shah Hospitals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for KK Shah Hospitals IPO is Rikhav Securities.
Refer to KK Shah Hospitals IPO RHP for detailed information.
| IPO Date | October 27, 2023 to October 31, 2023 |
| Listing Date | November 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,950,000 shares (aggregating up to ₹8.78 Cr) |
| Fresh Issue | 1,950,000 shares (aggregating up to ₹8.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,858,542 |
| Share holding post issue | 6,808,542 |
| Market Maker portion | 102,000 shares Rikhav Securities |
KK Shah Hospitals IPO offers 1,950,000 shares. 924,000 (47.38%) to NII, 924,000 (47.38%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 102,000 (5.23%) |
| Other Shares Offered | 924,000 (47.38%) |
| Retail Shares Offered | 924,000 (47.38%) |
| Total Shares Offered | 1,950,000 (100%) |
KK Shah Hospitals IPO opens on October 27, 2023, and closes on October 31, 2023.
| IPO Open Date | Friday, October 27, 2023 |
| IPO Close Date | Tuesday, October 31, 2023 |
| Basis of Allotment | Friday, November 3, 2023 |
| Initiation of Refunds | Monday, November 6, 2023 |
| Credit of Shares to Demat | Monday, November 6, 2023 |
| Listing Date | Monday, November 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 31, 2023 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
| Lot Size Calculator | |||
Dr. Amit Shah and Dr. Kirti Kumar Shah are the Promoters of the Company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 71.36% |
Incorporated in 2022, KK Shah Hospitals Limited, previously known as Jeevan Parv Healthcare Limited, provides inpatient and outpatient healthcare services through its hospital in Ratlam, Madhya Pradesh.
Dr. Kirti Kumar Shah, one of the promoters of the company, started a clinic in 1976 in Ratlam. Subsequently, a nursing home in 1991 under the name Shah Maternity and Nursing Home. After that, Dr. Kirti Kumar Shah expanded his services by setting up a hospital named Shah Hospital and roped in renowned doctors. In December 2022, KK Shah Hospitals acquired M/s Shah Hospital (formerly known as Shah Maternity and Nursing Home), vide Business Transfer Agreement.
KK Shah Hospital has over 26 beds for in-patient and out-patient treatment and is equipped with diagnostic devices such as CT scans, DEXA scans, BMD, sonography, and X-ray machines. The company conducted over 75-80 surgeries per month (consisting of over 30 orthopedics, 15 gynecologists, 25 general surgery, 10 dental & other branches) during the FY 2021-22 and also during the period starting from 1st April 2022 to 15th February, 2023 and provided healthcare services to an aggregate of approx. 2,200-2,350 patients per month, consisting of approx. 200-250 Indoor Patients per month and approx. 2000-2100 Outpatient per month. The hospital has recorded a bed occupancy ratio of approx. 27.67% in the month of December 2022 and an average IPD of approx. 7.19 patients per day in the month of December 2022.
On January 28, 2023, the company entered into an agreement with M/s. Life Care Diet Service to provide food services to its patients and a cafeteria for the attendants in the hospital.
The company is a member of the Biomedical Waste Management System, Ratlam for the disposal of biomedical waste. It is also certified by the National Accreditation Board for Hospitals and Healthcare Providers (NABH Accredited) as a primary-level small healthcare organization in Madhya Pradesh.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 |
| Assets | 573.32 | 561.32 |
| Revenue | 162.21 | 214.11 |
| Profit After Tax | 9.53 | 21.81 |
| Net Worth | 518.74 | 509.21 |
| Reserves and Surplus | 32.89 | 23.36 |
| Total Borrowing | ||
| Amount in ₹ Lakhs | ||
The market capitalization of KK Shah Hospitals IPO is Rs 30.64 Cr.
| KPI | Values |
|---|---|
| ROE | 8.56% |
| ROCE | 5.72% |
| RoNW | 4.28% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.45 | |
| P/E (x) | 100 | 8.04 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company runs a small hospital of just 26 beds in Ratlam and its financial data is on a minuscule level. The issue appears fully priced based on its working. In fact, it has just about 10 months working post conversion in a public limited company. The small equity post IPO indicates longer gestation for migration to the mainboard. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
The KK Shah Hospitals IPO is subscribed 13.58 times on October 31, 2023 7:02:00 PM. The public issue subscribed 9.41 times in the retail category, times in the QIB category, and 17.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 17.75 |
| Retail | 9.41 |
| Total | 13.58 |
Total Application : 3,162 (10.27 times)
| Listing Date | November 6, 2023 |
| BSE Script Code | 544013 |
| NSE Symbol | |
| ISIN | INE0OH401016 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹45.00 |
| ₹56.10 |
| ₹53.30 |
| ₹58.90 |
| ₹58.90 |
KK Shah Hospitals Limited
124, Katju Nagar,
Swastik APP.,
Ratlam-457001
Phone: 07412230199
Email: info@shahhospitalratlam.com
Website: http://shahhospitalratlam.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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KK Shah Hospitals IPO is a SME IPO of 1,950,000 equity shares of the face value of ₹10 aggregating up to ₹8.78 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on October 27, 2023, and closes on October 31, 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 KK Shah Hospitals IPO using UPI as a payment gateway. Zerodha customers can apply in KK Shah Hospitals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KK Shah Hospitals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KK Shah Hospitals IPO opens on October 27, 2023 and closes on October 31, 2023.
KK Shah Hospitals IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in KK Shah Hospitals 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 KK Shah Hospitals IPO will be done on Friday, November 3, 2023, and the allotted shares will be credited to your demat account by Monday, November 6, 2023. Check the KK Shah Hospitals IPO allotment status.
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