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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:
| IPO Date | Feb 10, 2022 to Feb 15, 2022 |
| Listing Date | Feb 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 |
| NII (HNI) Shares Offered | 1315200 |
| Retail Shares Offered | 1315200 |
| Market Maker portion | 140,800 shares |
| Total Shares Offered | 2,630,400 |
Madhavbaug IPO opens on Feb 10, 2022, and closes on Feb 15, 2022.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 10, 2022 |
| Closing Date | Feb 15, 2022 |
| Basis of Allotment | Feb 18, 2022 |
| Initiation of Refunds | Feb 21, 2022 |
| Credit of Shares to Demat | Feb 22, 2022 |
| Listing Date | Feb 23, 2022 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Madhavbaug IPO lot size is 1600 shares.
| 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.
| Pre Issue Share Holding | 90.08% |
| Post Issue Share Holding | 66.34% |
| 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 | ||
[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 Feb 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 | Feb 23, 2022 |
| BSE Script Code | |
| NSE Symbol | MADHAVBAUG |
| ISIN | INE0JR301013 |
| IPO Price | ₹73 per share |
| Price Details |
|---|
| IPO 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://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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 Feb 10, 2022, and closes on Feb 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 Feb 10, 2022 and closes on Feb 15, 2022.
Madhavbaug IPO lot size is 1600 Shares and the minimum order quantity is .
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 Feb 18, 2022, and the allotted shares will be credited to your demat account by Feb 22, 2022. Check the Madhavbaug IPO allotment status.
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