SME IPO of Jeena Sikho Lifecare ltd

Grey Market Trend News :
On 6 April 2022
Subject to Rates# :  –
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Past Trend details at the bottom

Subscription Trend on 6.4.2022 @ 5.00 pm

NII (50%) 17,57,000 Sh : 0.46 T
RII (50%) 17,57,000 Sh : 0.63 T
Tot 35,14,000 Sh : 0.54 T

IPO Opens on 30 March 2022
IPO Closes on 07 April 2022
Allotment tentatively on  13 April 2022
Listing tentatively on : 18  April 2022
Listing on NSE SME
Net Issue to the Public : 35,14,000 Shares
( net of Market Maker portion)
IPO size  Rs. 55.50 Crore
Retail Quota : 50 %  eg 1757000 Shares
Retail one time  : 1757 Applications
Price Band ( FV Rs. 10) of Rs. 150 ( Tentative)
Min Order Quantity : 1000 Shares ( Tentative)
Retail Min Application : 1000 Shares/ Rs. 150,000 

Business :

Jeena Sikho Lifecare Limited is ayurvedic healthcare company headquartered in Zirakpur, Punjab.
Founded by Mr. Manish Grover (popularly known as Acharya Manish) in the year 2017, the main motive
of the Company is to build a healthy India through preventive measures by providing authentic and good
quality ayurvedic products.

Ayurveda is an alternative medical system with historical roots in Indian subcontinent. The origin
of Ayurveda dates back to the Vedic era. It was developed more than 3,000 years ago in India.
The promoters of the company have been engaged in ayurvedic healthcare product & services since last
ten years.
Jeena Sikho Lifecare is a developing health care product & services providers in India. The company has
portfolio of over a wide range of Ayurvedic products. The company also conducts various health checkup
camps, yoga sessions free of cost to make people aware of their health problems.

Shuddhi Ayurveda Panchkarma Hospital is a unit of Jeena Sikho Lifecare Limited. It is accredited by
NABH, a constituent Board of Quality Council of India. It is established to deliver effective traditional
treatments that not only improve the health but also the quality of life.
It is an integrated hospital and has taken the task of providing superior treatment in a variety of ways to
reduce the disease’s fundamental causes. It develops natural remedies for health-related problems.
Furthermore, our specialised medical team, comprising of twelve (12) doctors, provides the best care
facilities, medications, therapies, and nutritional meals to ensure that the patient has a positive vibe to
help them overcome their negative feelings.
It provides treatment by different methods such as Ayurveda, Allopathy, Homeopathy and Naturopathy.

Promoters:

Mr. Manish Grover & Mrs. Bhavna Grover

Objects of the Issue:

1. To undertake marketing and sales promotion;
2. To repay short-term loan;
3. To meet out the Working Capital requirements of the Company

Registered office :

SCO 11 First Floor, Kalgidhar Enclave, Zirakpur Mohali Punjab-140604
Company Secretary and Compliance Officer: Ms. Nikita Juneja

Lead Manager:

Fast Track Finsec Pvt Ltd

Observations & Guidance by Paresh Gordhandas ( Research Analyst) : 

Jeena Sikho Lifecare SME IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 5.67
Earnings per Share 2020-21,Rs 10.05
Earnings per Share 2021-22 6 M Rs 6.15
Return on Net Worth: 19-20 41.71 %
Return on Net Worth: 20-21: 42.19 %
Return on Net Worth: 21-22 6 M : 19.66 %
Book Value of the Share as on 30.9.21 Rs 31.27
Book Value of the Share after the IPO Rs ?
Equity shares prior to the IPO : 1,01,11,192 Shares
Equity shares after the IPO : 1,38,11,192 Shares

IPO Peer Comparison:
Kerala Ayurveda @ PE Multiple of (11.72)

Observation by Paresh Gordhandas ( Research Analyst )
Will be updated soon.

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