July 26, 2023
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Asarfi Hospital IPO GMP, Details to Watch, Guidance & Subscription Status at Chanakyanipothi.com, the Oldest & the most Trusted Investment Website in India for coming up IPOs. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
Asarfi Hospital IPO Listing Review:
The scrip listed at Rs. 98.80 as compared to issue price of Rs. 52 and GMP prior to listing of Rs. 37. So even grey market buyers also earned short term profit of Rs. 9.80.
Asarfi Hospital IPO Review:
Solid growing healthcare business. Profitability is also good. The offer price is reasonably valued and leaves scope for listing gains. May Apply.
What is the GMP of Asarfi Hospital IPO?
Click for latest GMP
Asarfi Hospital IPO Subscription
On 19 July 2023 @ 5.00 (Day 3) (Closed)
QIB: 984000 Shares 50.60 T
NII: 738000 Shares 451.62 T
RII: 1722000 Shares 167.81 T
Total: 3444000 Shares 195.14T
Asarfi Hospital IPO GMP, Details, Guidance, Subscription
About the business
Asarfi Hospital Limited was incorporated in the year 2005 by Nayan Prakash Singh and Harendra Singh in the name of their mother “Asarfi Devi” to provide healthcare facilities to the people of Jharkhand.
Asarfi Hospital Limited, is a 250 bedded multi-speciality hospital, which is serving people for over one and half decade by providing healthcare services in Dhanbad, Jharkhand. Accredited by National Accreditation Board for Testing and Calibration Laboratories (“NABL Accredited”), it is an integrated healthcare service provider, committed to deliver valued healthcare services to its patients that includes prevention, treatment and proper rehabilitation. It is empanelled with several Government Agencies,
Corporate Organizations for providing regular health care facilities to their employees and their dependants. It is also empanelled with the several Insurance and TPA providers.
The hospital located at Dhanbad, Jharkhand is having departments/services like Cardiology, Neurosciences, General Medicine, Paediatrics & Neonatology, Obstetrics & Gynaecology, General Surgery, Gastroenterology, Orthopaedics Plastic Surgery & Cosmetics, Oncology, Nephrology, Urology, Ophthalmology, ENT, Day Care Services, Dental, Physiotherapy, Emergency, Nutrition & Dietetics, Anaesthesiology & Critical Care, Radiology, Pulmonology, Pain Management etc. among other healthcare services.
The hospital has a full-fledged high dependency unit, Emergency Department, Outpatient consultation, CCU, ICU, NICU, SICU, Labor room, Endoscopy room, Neurosurgery and Cardiac unit. The Diagnostic Centre features laboratory and imaging equipment like the Open X-Ray, Ultrasound, CT scan. The Hospital offers both inpatient and outpatient care which covers a wide range of Medical and Surgical specialties.
Get more information about the company @ http://www.asarfi.in/
| Asarfi Hospital IPO Details to watch. | |
| IPO opens on Tentative | 17 July 2023 |
| IPO closes on | 19 July 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5180000 Sh /Rs 26.94 Cr |
| * Fresh Issue | 3086000 Sh /Rs 26.94 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 260000 Sh. |
| Net offer to Public | 4920000 Sh./Rs.25.58 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 51-52 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 2460000 | 12.79 |
| NII (15%) | 439500 | 3.84 |
| RII (35%) | 1722000 | 8.95 |
| Total Shares | 4920000 | 25.58 |
| Retail portion will be oversubscribed by | 861 | |
| Forms | ||
| How much Shares to Apply in Asarfi Hospital IPO? | ||
| Min Retail Application | 2000 Sh | Rs. 104000 |
| Min HNI Application | 4000 Sh | Rs.208000 |
Who are the Promoters of Asarfi Hospital IPO?
Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh, Madhuri Singh, and Nitu Singh
What are the Objects of Asarfi Hospital IPO?
The Company proposes to utilize the Net Proceeds from the Issue for
1. Part Funding of Capital Expenditure of Cancer Hospital at Ranguni, Jharkhand.
2. Acquiring Land on Leasehold basis for Health Management and Research Institute at Ranchi, Jharkhand
3. General Corporate Purpose
| IPO Tentative timetable | |
| IPO opens on | 17 July 2023 |
| IPO Closes on | 19 July 2023 |
| IPO Allotment on | 24 July 2023 |
| Refund initiation | 25 July 2023 |
| Credit of Shares | 26 July 2023 |
| Listing on | 27 July 2023 |
| Registered Office of the Company Baramuri, Bishunpur Polytechnic, Dhanbad – 828130 |
| Who are the Lead Managers of Service Care IPO? |
| Hem Securities Ltd |
| Who is the Registrar to IPO? |
| Cameo Corporate Services Limited |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 54.12 | 1.36 | 4.71 | 20.91 |
| 2021-22 | 65.21 | 0.23 | 7.64 | 25.32 |
| 2022-23 | 70.70 | 1.74 | 7.58 | 19.16 |
| Book Value of the Share on | 31.03.2023 | Rs.28.86 | ||
| BV of the Share at cap price | after the IPO | Rs.34.95 | ||
| Offer Price/upper band | Rs. 52 | |||
| Service Care Key Performance indicators |
|
| Upper Price/last EPS | 6.86 |
| Upper price/BV Ratio | 1.80 |
| Upper price/BV after IPO | 1.49 |
IPO Particulars & Guidance
Peer Comparison:
| As on date of DRHP | FV | Total Income | PE |
| Rs. | Rs. In Cr | Ratio of | |
| The IPO company | 10 | 73 | 6.86 |
| Shalby Ltd | 10 | 727 | 24.23 |
| Global Health ltd | 2 | 2759 | 54.98 |
| KMC Speciality | 1 | 138 | 41.10 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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