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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.
| 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 Size | 2,771,200 shares (aggregating up to ₹20.23 Cr) |
| Fresh Issue | 2,771,200 shares (aggregating up to ₹20.23 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 140,800 shares |
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 Offered | 140,800 (5.08%) |
| Other Shares Offered | 1,315,200 (47.46%) |
| Retail Shares Offered | 1,315,200 (47.46%) |
| Total Shares Offered | 2,771,200 (100%) |
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 |
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 | |||
Dr. Rohit Madhav Sane is the company promoter.
| Share Holding Pre Issue | 90.08% |
| Share Holding Post Issue | 66.34% |
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:
| 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 | ||
The market capitalization of Madhavbaug IPO is Rs 76.75 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 28.29 |
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 2.66 |
| Retail | 2.98 |
| Total | 2.82 |
| Listing Date | February 23, 2022 |
| BSE Script Code | |
| NSE Symbol | MADHAVBAUG |
| ISIN | INE0JR301013 |
| Final Issue Price | ₹73 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹73.00 |
| ₹102.00 |
| ₹98.00 |
| ₹107.10 |
| ₹105.40 |
Vaidya Sane Ayurved Laboratories Limited
Fl. 5, 1047, Shriram Bhawan,
Shukrawar Peth, Pune – 411002,
Maharashtra, India
Phone: +91 7738070019
Email: cs@madhavbaug.com
Website: https://madhavbaug.org/
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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Check our SME IPO Guide 
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
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.
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