Tejnaksh Healthcare SME IPO Review (Subscribe)

Review By Dilip Davda on Sep 25, 2015

Tejnaksh Healthcare Ltd (THL) is running an Institute of Urology - an ISO certified the international level Urology hospital, located in the heart of Dhule city, Maharashtra, India. It provides a comprehensive range of services from consultations and investigations to treatment for Urology. As the institute is equipped with all latest equipment and provides the whole range of services, the patients from local area do not feel the need to go to metropolitan areas for urological problems. The institute is recognized by National board of examinations for DNB (Urology). The institute boasts of 150 research publications and 23 innovations. For various achievements and innovations in urology Dr Ashish Patil, the director of the institute is listed in Guinness World Records, Ripley’s believe it or not, Limca book of records, India book of records (multiple records), Asia book of records, World amazing records and World record academy.

Urological Problems are quite common in our part of country and newer modalities are constantly developing for the treatment of these problems. THL is making available all these recent modalities of treatment at an affordable rate. 

To meet expansion and development of its hospital and raise working funds, the company is coming out with a maiden IPO of 304000 equity share of Rs. 10 each at a fixed price of Rs. 80 per share to mobilize Rs. 2.43 crore. Issue opens for subscription on 30.09.15 and will close on 12.10.15. Minimum application is to be made for 1600 shares and in multiples thereon, thereafter. Issue is lead managed by First Overseas Capital Ltd and Cameo Corporate Services Ltd it the registrar to the issue. Post allotment, shares will be listed on BSE SME. After initial at par issue of equity, it issued bonus shares in the ratio of 79 for 1 in January 2015. Its current paid up equity capital of Rs. 0.80 crore will stand enhanced to Rs. 1.10 crore post issue.

On performance front, as per draft prospectus, for last three fiscals it has posted an average EPS of Rs. 6.77. It suffered a setback in FY 13. For FY15 it has earned net profit of Rs. 0.60 crore on a turnover of Rs. 2.05 crore. If we attribute this earnings that will translate into EPS of Rs. 7.63 on pre IPO capital and Rs.5.55 on post IPO capital. Thus asking price is at a P/E of around 14 plus that augurs well for health care IPO. As claimed by the company there is no listed peer based on activities carried out by it.

On merchant banker’s front, this is 8th SME IPO from its stable. It has poor track record.


Conclusion / Investment Strategy

Risk avers fund surplus investors may consider investment for medium to long term.

Reviewer recommends Subscribing to the issue.

Review By Dilip Davda on Sep 25, 2015

Review Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here. With entry barriers, SEBI wants only well-informed investors to participate in such offers. With crazy listings in the past, SME IPOs drew the attention of investors across the board. However, as SME issues have entry barriers and continued low preference from the broking community, any reader taking decisions based on any information published here does so entirely at own risk. The above information is based on information available as on date coupled with market perceptions. The Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).


About Dilip Davda

Dilip Davda

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com

Tejnaksh Healthcare IPO FAQs

  1. 1. Why Tejnaksh Healthcare IPO?

    The initial public offer (IPO) of Tejnaksh Healthcare Ltd offers an early investment opportunity in Tejnaksh Healthcare Ltd. A stock market investor can buy Tejnaksh Healthcare IPO shares by applying in IPO before Tejnaksh Healthcare Ltd shares get listed at the stock exchanges. An investor could invest in Tejnaksh Healthcare IPO for short term listing gain or a long term.

  2. 2. How is Tejnaksh Healthcare IPO?

    Read the Tejnaksh Healthcare IPO recommendations by the leading analyst and leading stock brokers.

  3. 3. Tejnaksh Healthcare IPO what should investors do?

    Tejnaksh Healthcare IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Tejnaksh Healthcare IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts in the above answer.

  4. 4. Is Tejnaksh Healthcare IPO good?

    Our recommendation for Tejnaksh Healthcare IPO is to subscribe.

  5. 5. Is Tejnaksh Healthcare IPO worth Investing?

    As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to subscribe to the Tejnaksh Healthcare IPO.

  6. 6. When will Tejnaksh Healthcare IPO allotment status?

    The Tejnaksh Healthcare IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Tejnaksh Healthcare IPO allotment status to check.

  7. 7. When will Tejnaksh Healthcare IPO list?

    The Tejnaksh Healthcare IPO will list on Tuesday, October 27, 2015, at BSE SME.








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