June 5, 2023
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Hemant Surgical Industries IPO Details & Review 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.
Hemant Surgical Industries IPO Listed:
The scrip got listed at RS. 171 on 5 June 2023 as compared to issue price of Rs. 90 (GMP prior to the listing day: Rs. 51/51). So, the listing has been much above the expectation of GM players.
Hemant Surgical Industries IPO Review:
The company has comprehensive portfolio of medical equipments and disposables. Good profitability and the offer price is also reasonable. At present, Grey market subject to rates show strong rise. One may subscribe to the IPO.
What is the GMP of Hemant Surgical Industries IPO?
Prior to the Listing day
GMP: Rs. 51
Allotted Applications Rs. 80000
Hemant Surgical Industries IPO Subscription Status
On 26 May 2023 @ 5.00 (Closed)
QIB: 523200 Shares 41.05 T
NII: 537600 Shares 203.26 T
RII: 916800 Shares 153.73 T
Total: 1977600 Shares 139.70T
Hemant Surgical Industries IPO Particulars & Guidance:
About the business
The company manufactures, imports, assembles and markets a comprehensive portfolio of medical equipments and disposables. Its product offerings cover a wide spectrum of equipments and disposables required for (i) Renal Care, (ii) cardiovascular disease (iii) respiratory disease, (iv) Critical Care and Radiology and (v) Surgical disposables. Its wide range of products include some of the
indigenously manufactured products along with some other products that are imported from countries like: Japan, China France and Australia and are further processed in its assembly units. In addition it it also providing services for maintenance and running of dialysis centres.
The company started its operations with importing and marketing of medical disposables like: meditapes, all over India from JMS Co Ltd. Japan. Later in the year 1999 the company started its manufacturing operations with one Manufacturing unit and over the years expanded its manufacturing and assembly operations to two more additional units.
Get more information about the company @ www.hemantsurgical.com
| Hemant Surgical Industries IPO Details | |
| IPO opens on Tentative | 24 May 2023 |
| IPO closes on | 26 May 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2760000 Sh /Rs 24.84Cr |
| * Fresh Issue | 2760000 Sh /Rs 24.84 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.85-90 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE SME |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 1308000 | 11.77 |
| NII (15%) | 392400 | 03.53 |
| RII (35%) | 915600 | 08.24 |
| Total Shares | 2616000 | 23.54 |
| Retail portion will be oversubscribed by | 572 | |
| Forms | ||
| How much Shares to Apply in Remus Pharmaceuticals IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 144000 |
| Min HNI Application | 3200 Sh | Rs. 288000 |
Who are the Promoters of Hemant Surgical Industries IPO?
Hanskumar Shamji Shah, Kaushik Hanskumar Shah, and Hemant Praful Shah
What are the Objects of Spectrum Talent Management IPO?
The Company proposes to utilize the Net Proceeds from the Issue
1. Funding Capital Expenditure towards the installation of additional plant and machinery
2. Funding to meet working capital requirements
| IPO Tentative timetable | |
| IPO opens on | 24 May 2023 |
| IPO Closes on | 26 May 2023 |
| IPO Allotment on | 31 May 2023 |
| Unblocking of ASBA | 1 June 2023 |
| Credit of Shares | 2 June 2023 |
| Listing on | 5 June 2023 |
| Registered Office of the Company 502, 5th Floor, Ecstacy Business Park, Co-Op Society Limited, J.S.D. Road, Mulund (West), Mumbai – 400 080, India. |
| Who are the Lead Managers of Hemant Surgical Industries IPO? |
| HEM SECURITIES Ltd |
| Who is the Registrar to IPO? |
| BIGSHARE SERVICES Pvt. Ltd |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 60.65 | 1.15 | 2.22 | 13.42 |
| 2021-22 | 105.77 | 4.61 | 8.96 | 35.09 |
| 2022-23 | 111.50 | 7.65 | 10.28 | 32.42 |
| Book Value of the Share on | 31.03.2023 | Rs.31.70 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 90 | |||
| Hemant Surgical Industries Key Performance indicators |
|
| Upper Price/last EPS | 11.76 |
| Upper price/BV Ratio | 2.84 |
| Upper price/BV after IPO | – |
–
IPO Particulars & Guidance
Peer Comparison:
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| The IPO Company | 10 | 109.15 | 11.76 |
| Poly Medicure | 5 | 960.97 | 64.34 |
# 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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