Family Care Hospitals Limited Rights Issue (Family Care Hospitals Rights Issue 2022) Detail

₹48.92 Crores | Listing at BSE | Mon, Jan 23, 2023 - Tue, Feb 21, 2023

Family Care Hospitals Limited Logo

Family Care Hospitals Limited Rights Issue comprises 4.08 Cr equity shares aggregating to ₹48.92 Cr, offered at an issue price of ₹12 per share with a face value of ₹10 per share.

The record date for determining eligible shareholders is Jan 3, 2023.

As per the terms of payment, ₹12 per share payable in full at the time of application.

The Rights Issue opens on Jan 23, 2023 and closes on Feb 21, 2023.

The deemed date of allotment is Feb 15, 2023, following which the equity shares are expected to be credited to demat accounts on Feb 17, 2023 and listed on the BSE on Feb 21, 2023.

Fedex Securities Pvt.Ltd. is the Lead Manager to the issue and Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.

Investors are advised to refer to the Family Care Hospitals Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.

Record Date

Tue, Jan 3, 2023

Entitlement Ratio

:

Open Date

Mon, Jan 23, 2023

Close Date

Tue, Feb 21, 2023

Rights Issue Details

Rights Issue Timetable

Family Care Hospitals Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2013.260.035.019.53
31-Mar-2135.374.079.075.49
31-Mar-2242.385.214.244.35
Amount in ₹ Crore

About Family Care Hospitals Limited

Incorporated in 1994, Family Care Hospitals Limited is currently operating a hospital under the name of "Family Care Hospitals" at Mira Road East, Thane, Maharashtra. The company also has nine operating imaging centers across the Mumbai Metropolitan region where they provide scanning solutions to ENT and Dental healthcare professionals.

Family Care Hospitals is offering quality medical services to all patients. For more convenience, they offer value-added services like home collection of specimens, house calls, and various other service delivery or access modes for tests and thereafter access to reports.

Family Care Hospitals is currently offering its service under the following segments:

  1. Hospitals
  2. Pharmacy
  3. Imaging centers
  4. New Generation Healthcare & Support Services

The company focus to work and establish a credible brand for its service offerings in the Mumbai Metropolitan Region (MMR).

The entity also has a mobile application known as 'Family Care', a website and tele-based communication channels via which they are extending their healthcare services in the Mumbai Metropolitan Region including:

  1. Tele/ Video Consultations
  2. E-Pharmacy
  3. E-Pathology
  4. Home care (nursing support and doctor visits)

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

  1. Business Development, Sales, Branding, and Marketing Expenses;
  2. To meet working capital requirements;
  3. General Corporate Purposes

Rights Issue Review

[Dilip Davda] This company has frequently changed its name and operational activities. As of September 30, 2022, its current paid-up equity capital of Rs. 32.10 cr. had negative reserves of Rs. – (15.10) cr. and thus it has a negative NAV. More than doubled post-RI equity base may pose servicing issues. There is no harm in skipping this RI as it’s a high-risk/low-return bet. Read detail review...

Company Contact Information

Family Care Hospitals Limited
Plot A-357, Road No. 26,
Wagle Industrial Estate, MIDC,
Thane (West) – 400604
Thane, Maharashtra, 400604

Rights Issue Registrar

Purva Sharegistry (India) Pvt.Ltd.

Rights Issue Lead Manager(s)

  1. Fedex Securities Pvt.Ltd.

Rights Issue FAQs

The Family Care Hospitals Rights Issue 2022 opens on Mon, Jan 23, 2023, and closes on Tue, Feb 21, 2023.

Family Care Hospitals Rights Issue 2022 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsWed, Feb 1, 2023
Issue Opening DateMon, Jan 23, 2023
Issue Closing DateTue, Feb 21, 2023
Date of Allotment (on or about)Wed, Feb 15, 2023
Date of Credit (on or about)Fri, Feb 17, 2023
Date of Listing (on or about)Tue, Feb 21, 2023
Family Care Hospitals Rights Issue 2022 price is set at ₹12 per share.
The eligible shareholders are being offered 127 Equity Shares for every 100 Equity Shares held on the record date (Tue, Jan 3, 2023).
The record date for the Family Care Hospitals Rights Issue 2022 is Tue, Jan 3, 2023.
The issue size of Family Care Hospitals Rights Issue 2022 is of 4,07,67,000 equity shares at ₹12 per share aggregating up to ₹48.92 Crores.
The Letter of Offer for Family Care Hospitals Rights Issue 2022 can be downloaded here.

You can apply for Family Care Hospitals Rights Issue 2022 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Family Care Hospitals Rights Issue 2022 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Family Care Hospitals Rights Issue 2022 is available on the list.
  4. Click the Apply button next to the Family Care Hospitals Rights Issue 2022.
  5. Fill and check your information.
  6. Submit the application.

Steps to apply for Family Care Hospitals Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Family Care Hospitals Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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