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Vaidya Sane Ayurved Laboratories Limited IPO (Madhavbaug IPO) Detail

February 10, 2022 - February 15, 2022

Madhavbaug IPO is a fixed price issue of Rs 20.23 crores. The issue is entirely a fresh issue of 27.71 lakh shares.

Madhavbaug IPO bidding started from February 10, 2022 and ended on February 15, 2022. The allotment for Madhavbaug IPO was finalized on Friday, February 18, 2022. The shares got listed on NSE SME on February 23, 2022.

Madhavbaug IPO price is ₹73 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹116,800.

First Overseas Capital Limited is the book running lead manager of the Madhavbaug IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Madhavbaug IPO RHP for detailed information.

Madhavbaug IPO Details

IPO Date February 10, 2022 to February 15, 2022
Listing Date February 23, 2022
Face Value ₹10 per share
Price ₹73 per share
Lot Size 1600 Shares
Total Issue Size2,771,200 shares
(aggregating up to ₹20.23 Cr)
Fresh Issue2,771,200 shares
(aggregating up to ₹20.23 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion140,800 shares

Madhavbaug IPO Reservation

Madhavbaug IPO offers 2,771,200 shares. 1,315,200 (47.46%) to NII, 1,315,200 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered140,800 (5.08%)
Other Shares Offered1,315,200 (47.46%)
Retail Shares Offered1,315,200 (47.46%)
Total Shares Offered2,771,200 (100%)

Madhavbaug IPO Timeline (Tentative Schedule)

Madhavbaug IPO opens on February 10, 2022, and closes on February 15, 2022.

IPO Open Date Thursday, February 10, 2022
IPO Close Date Tuesday, February 15, 2022
Basis of Allotment Friday, February 18, 2022
Initiation of Refunds Monday, February 21, 2022
Credit of Shares to Demat Tuesday, February 22, 2022
Listing Date Wednesday, February 23, 2022
Cut-off time for UPI mandate confirmation 5 PM on February 15, 2022

Madhavbaug 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 ₹116,800
Retail (Max) 1 1600 ₹116,800
Lot Size Calculator

Madhavbaug IPO Promoter Holding

Dr. Rohit Madhav Sane is the company promoter.

Share Holding Pre Issue 90.08%
Share Holding Post Issue 66.34%

About Vaidya Sane Ayurved Laboratories Limited

Madhavbaug is a medical service institution engaged in the treatment of chronic ailments like cardiac disease, diabetes, hypertension, and obesity by combining modern technology with the traditional Ayurveda practices. It uses non-invasive, multidisciplinary, and innovative therapies for treating chronic ailments. The company mainly offers treatment for (i) Health disease reversal, (ii) Diabetes Reversal, (iii) BP Management, (iv) Obesity management, Knee pain relief.

As of November 30, 2021, the company operates 274 clinics across Maharashtra, Madhya Pradesh, Gujarat, Uttar Pradesh, Goa, Karnataka, Delhi, and Chhattisgarh. Out of these 52 are company-owned and 222 are franchise clinics. The company also operates two cardiac prevention and rehabilitation hospitals in Khopoli and Nagpur respectively.

The company offers several wellness products through their online portal Madhavbaug Wellness, and has an online app called MIB Pulse App which helps heart patients.

Competitive Strengths:

  • The amalgamation of modern and ancient methods for curing diseases
  • Affordable and non-invasive treatments
  • Experienced leadership and well-trained team
  • In-house IT platform for operational efficiency and innovations
  • MIS system for better management

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20
Total Assets 257.80 258.06 291.11
Total Revenue 315.65 522.79 752.97
Profit After Tax 13.54 15.47 -5.57

Key Performance Indicator

The market capitalization of Madhavbaug IPO is Rs 76.75 Cr.

Pre IPO Post IPO
P/E (x) 28.29

Objects of the Issue (Madhavbaug IPO Objectives)

  • Funding Branding and Advertising expenses
  • General corporate purpose

Madhavbaug IPO Review (Avoid)

[Dilip Davda]  VSAL has posted erratic financial performance so far. It is priced exorbitantly based on its latest performance with super-profits. It is going to spend nearly 80% of IPO proceeds on advertising and branding which raises concern. There is no harm in ignoring this IPO. Read detail review...

Madhavbaug IPO Subscription Status (Bidding Detail)

The Madhavbaug IPO is subscribed 2.82 times on February 15, 2022 4:48:00 PM. The public issue subscribed 2.98 times in the retail category, times in the QIB category, and 2.66 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Madhavbaug IPO Prospectus

Madhavbaug IPO Rating

Rating:Rated 3.4 stars
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Madhavbaug IPO Listing Details

Listing Date February 23, 2022
BSE Script Code
Final Issue Price ₹73 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Vaidya Sane Ayurved Laboratories Limited Contact Details

Vaidya Sane Ayurved Laboratories Limited
Fl. 5, 1047, Shriram Bhawan,
Shukrawar Peth, Pune – 411002,
Maharashtra, India
Phone: +91 7738070019

Madhavbaug IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Madhavbaug IPO - Buy or Not

Madhavbaug IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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Madhavbaug IPO FAQs

Madhavbaug IPO is a SME IPO of 2,771,200 equity shares of the face value of ₹10 aggregating up to ₹20.23 Crores. The issue is priced at ₹73 per share. The minimum order quantity is 1600 Shares.

The IPO opens on February 10, 2022, and closes on February 15, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Madhavbaug IPO using UPI as a payment gateway. Zerodha customers can apply in Madhavbaug IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Madhavbaug 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 'Madhavbaug 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 Madhavbaug IPO opens on February 10, 2022 and closes on February 15, 2022.

Madhavbaug IPO lot size is 1600 Shares, and the minimum amount required is ₹116,800.

You can apply in Madhavbaug 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 Madhavbaug IPO will be done on Friday, February 18, 2022, and the allotted shares will be credited to your demat account by Tuesday, February 22, 2022. Check the Madhavbaug IPO allotment status.

The Madhavbaug IPO listing date is on February 23, 2022.
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Madhavbaug IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



38. BuLLz EyE |   Link |  Bookmark |March 23, 2022 2:00:28 PM
IPO Mentor IPO Mentor (800+ Posts, 1100+ Likes)
Evoq remedies may also repeat the history to prove all chittorgarh experts wrong
38.1. lokes |   Link |  Bookmark |March 30, 2022 11:31:28 AM
IPO Guru IPO Guru (4400 Posts, 5100+ Likes)
everything doesn't go same way always.....hope you have learned it today....
past performance of any ipo cannot say/guide anything about future performance of any other ipo....share market is not so predictable
37. abp invesc |   Link |  Bookmark |March 7, 2022 1:26:21 PM
100 % return since listing what a return it has been for small investors like me.
keep it up :)
36. abp invesc |   Link |  Bookmark |March 3, 2022 11:16:39 AM
god bless management of companies like Vaidya Sane (madhavbaug) we as investors are getting the benefit because they left some value for us. most ipo's fail to deliver as they are richly priced. guys I sincerely advise holding this for few more quarters
35. MehulStk |   Link |  Bookmark |March 2, 2022 11:26:24 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Wow, As its moving upward despite having such a low subscription numbers, this one turningout to be real dark house, Missed the flight. congratulations to everyone who took the right call.
34. SidK |   Link |  Bookmark |March 2, 2022 10:35:09 AM
All the so-called experts here should accept their mistake in initial judgement instead of trying to defend your ill logic. If u can't support a good company at least do not drag it down.
33. abp invesc |   Link |  Bookmark |February 28, 2022 3:07:23 PM
excellent listing had 2 lots allotted in family sold one today holding the rest
32. IPO Mitr |   Link |  Bookmark |February 27, 2022 5:45:10 PM

Shigan and Ekennis SME IPO pages inaccessible for some reason but others are just fine.
31. rsk |   Link |  Bookmark |February 25, 2022 9:18:20 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Bulk Trade yesterday:
24-Feb-22      MADHAVBAUG      Vaidya Sane Ayur Lab Ltd      DHYANAM CAPITAL      BUY      152000      101.9      -

Most retails may have sold
31.1. Maulik Patel Lali |   Link |  Bookmark |February 27, 2022 4:42:51 PM
Now, it can be fly🚀@ 125 to 150 in couple of days.....
30. IPO Mitr |   Link |  Bookmark |February 26, 2022 6:32:12 PM
In the hindsight brutally trolled and bulldozed. .so called Clifford Quadros proved brutally right. Proved once again irrespective of how much we claim to know, market will keep humbling us.

Disclaimer: not supporting un-reliable new IDs anyway
29. rsk |   Link |  Bookmark |February 23, 2022 7:59:57 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
23-Feb-22      MADHAVBAUG      Vaidya Sane Ayur Lab Ltd      DHYANAM CAPITAL      BUY      264000      101.77      -
23-Feb-22      MADHAVBAUG      Vaidya Sane Ayur Lab Ltd      SHARAD HARLALKA      BUY      64000      106.94      - (BHH securities director)
bulk trades
28. rsk |   Link |  Bookmark |February 23, 2022 10:00:42 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
If you look at BOA:
Appro 10 lakh shares have been alloted to 30 HNIs, Market maker 140800
Todays volume 560000 so far.
So out of 2630400 shares almost 15-16 lakh have been accumulated by some HNIs.
Today evening you can see bulk trades.

This IPO was 'sentenced' by some 6-7 HNI Jury bench.
As they say Ignorance is Bliss.
28.1. Noorul |   Link |  Bookmark |February 23, 2022 11:33:50 AM
How many lots did you applied ??
27. Traderjee |   Link |  Bookmark |February 23, 2022 9:46:43 AM
Big slap on all negative rating people. This one is the best return IPO.
26. Dinesh Singh |   Link |  Bookmark |February 23, 2022 8:48:22 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Sold 1 lot @102.
When there is lot of negativity for any IPO, it gives good return.
26.1. MehulStk |   Link |  Bookmark |February 23, 2022 8:52:15 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Congratulation @Dinesh Singh
26.2. Chirag VP |   Link |  Bookmark |February 23, 2022 9:46:26 AM
Sold at 107.10
25. RajuSME |   Link |  Bookmark |February 23, 2022 8:22:07 AM
Looks it is going to list at discount price
25.5. RajuSME |   Link |  Bookmark |February 23, 2022 8:54:02 AM
Awesome ...listing at 102

bumper listing...missed bus :(
25.6. Dinesh Singh |   Link |  Bookmark |February 23, 2022 8:58:00 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
@Thanks eVA..
will keep going like this.
Your input regarding the company share holding info has also raised the confidence.
24. Chirag VP |   Link |  Bookmark |February 21, 2022 10:11:41 AM
Not Allotted, Not Money Release, No mail received.
What does it mean?
24.2. Dinesh Singh |   Link |  Bookmark |February 21, 2022 4:14:42 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
on what basis you have applied?
what is your view on expected listing?
please share.Thanks.
24.3. RajuSME |   Link |  Bookmark |February 23, 2022 8:22:53 AM
Going to list between 70 - 75
23. SUBHASH B |   Link |  Bookmark |February 19, 2022 4:43:01 PM
Expert advise , premium or discount on listing, hold or sell, received mail alloted 1lot
23.1. R.kapoor |   Link |  Bookmark |February 20, 2022 11:22:06 AM
I m also waiting for experts advice...Plz reply @lokesh sir@ Dinesh sir@ @eva sir..
23.2. lokes |   Link |  Bookmark |February 20, 2022 11:42:05 AM
IPO Guru IPO Guru (4400 Posts, 5100+ Likes)
I have given my view here in my below post and my one reply in that same post.
22. Visamp |   Link |  Bookmark |February 20, 2022 10:14:38 AM
I have not received mail. But website sofar not updated. Bank amount not debited.
21. Dinesh Singh |   Link |  Bookmark |February 19, 2022 2:55:20 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Allotment email received.
Alloted 1 lot in HNI.
20. SUBHASH B |   Link |  Bookmark |February 19, 2022 12:44:36 PM
What's the premium or discount listing
19. SUBHASH B |   Link |  Bookmark |February 18, 2022 9:14:41 PM
Still no allotment seen on bigshare ,Issue not much subscribed,hence it should be out till now