Asarfi Hospital was incorporated on October 04, 2005. It has been serving the community of Dhanbad, Jharkhand for over one and a half decades, providing comprehensive healthcare services. The hospital is equipped with 250 beds and offers multi-speciality care to its patients.
| Bidding Dates |
|---|
| 17 Jul 2023 - 19 Jul 2023 |
| Subscription |
|---|
| 181.51x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,04,000 | 1 | 1 | 2000 | 5.2 M | ₹51 - ₹52 | 73.68 % | ₹264.2 M - ₹269.4 M | RHP DOC |
Asarfi Hospital IPO SUBSCRIPTION STATUS
19 Jul '23Asarfi Hospital IPO overall subscription rate was 181.51 times the total available shares
Asarfi Hospital IPO retail subscription rate was 167.81 times in the retail segment
Asarfi Hospital IPO non-institutional investor subscription rate was 334.22 times in the non-institutional investor category
Asarfi Hospital IPO Qualified Institutional Bidder subscription rate was 50.6 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 Jul 2023 (Day 3) | 167.81x | 334.22x | 50.6x |
18 Jul 2023 (Day 2) | 29.45x | 8.49x | 3.15x |
17 Jul 2023 (Day 1) | 2.96x | 0.74x | 3.14x |
Asarfi Hospital FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 80.2 | 707.0 | -20.7 | -222.1 | 19.5% |
| FY22 | 57.3 | 652.1 | 92.6 | -102.5 | 16.5% |
| FY21 | 35.3 | 541.2 | 102.9 | 19.3 | 14.9% |
Asarfi Hospital IPO SUBSCRIPTION STATUS DETAILS
Asarfi Hospital had 5.2 M shares on offer
Asarfi Hospital IPO offer price was in the range ₹51 - ₹52
Asarfi Hospital IPO minimum Investment was ₹104000
Asarfi Hospital IPO issue size was ₹ 264.2 M - ₹ 269.4 M
Asarfi Hospital had a minimum lot size of 2000 Shares per application
Asarfi Hospital NUMBER OF SHARES ON OFFER
Asarfi Hospital IPO IMPORTANT DATES
| Issue Open Date | 17 Jul 2023 |
| Issue close Date | 19 Jul 2023 |
| Allotment Date | 24 Jul 2023 |
| Refund Date | 25 Jul 2023 |
| Demat Account Credit Date | 26 Jul 2023 |
| Listing Date | 26 Jul 2023 |
| Listing on Exchange(s) | BSE |
| Asarfi Hospital Allotment Status | Exchange |
Asarfi Hospital IPO subscription opened on 17 Jul 2023, and closed on 19 Jul 2023
IPO allotment for Asarfi Hospital was finalized on Monday, 24 Jul 2023
IPO listing for Asarfi Hospital was on BSE on Wednesday, 26 Jul 2023
Asarfi Hospital IPO LISTING GAINS
| Issue Price (adjusted) | 52.0 |
| Listing Open Price | 98.8 |
| Listing Close Price | 103.7 |
| Listing Gain% | 90.0% |
| Current Gain% | 346.8% |
Asarfi Hospital Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asarfi Hospital Ltd. | 232.4 | 457.2 | 27.4 | 0.6 | 2.5 | 17.1 | 8.6 | 176.2 | 37.6 | 16.7 | 57.5 | 8.5 | 45.4 |
| Apollo Hospitals Enterprise Ltd. | 8854 | 127307 | 60.9 | 1.9 | 4.8 | 20.5 | 8.7 | 25420.1 | 15.6 | 1941.7 | 34.3 | 145.3 | 32.8 |
| Max Healthcare Institute Ltd. | 1004.9 | 97804.2 | 67.1 | 2.5 | 11.2 | 13.4 | 8.4 | 8536.1 | 18.8 | 1442.4 | 34.1 | 15 | 27 |
| Manipal Health Enterprises Ltd. | 699.9 | 92063.3 | 10.6 | 3.6 | 10520.5 | 25.8 | 892.3 | -16.2 | |||||
| Fortis Healthcare Ltd. | 913.7 | 68980.5 | 65.8 | 3.2 | 7.3 | 10.5 | 6.5 | 9178.5 | 16.9 | 1041.8 | 34.6 | 13.9 | 20.7 |
| Aster DM Quality Care Ltd. | 827.6 | 42882.3 | 134.6 | 839.5 | 8.8 | 8.5 | 4.8 | 4768.8 | 11.2 | 388.1 | -92.8 | 6.2 | 0.2 |
Asarfi Hospital INFORMATION ON IPO ISSUE
About Asarfi Hospital
Asarfi Hospital was incorporated on October 04, 2005. It has been serving the community of Dhanbad, Jharkhand for over one and a half decades, providing comprehensive healthcare services. The hospital is equipped with 250 beds and offers multi-speciality care to its patients.
Object of the Issue
- Part Funding of capital expenditure of cancer hospital at Ranguni, Jharkhand
- Acquiring land on a leasehold basis for health management and research institute at Ranchi, Jharkhand
- General corporate purpose
Asarfi Hospital - PROMOTERS
| Name |
|---|
| Harendra Singh |
| Nayan Prakash Singh |
| Udai Pratap Singh |
| Madhuri Singh |
| Nitu Singh |
Asarfi Hospital Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Asarfi Hospital Registrar to the issue
Cameo Corporate Services Limited
cameo@cameoindia.com
Asarfi Hospital Strengths
Well-diversified and specialty service offerings
The hospital's operations encompass a comprehensive range of healthcare services, spanning from primary to tertiary care. This positions it as a one-stop destination for patients' healthcare needs. Alongside core medical, surgical, and emergency services, the hospital also specializes in advanced surgical treatments across various specialties
Track record of financial performance
The hospital has demonstrated stable operating and financial performance and growth over the past three fiscals. Its growth in revenue and profitability can be credited to the strong operational efficiency
Quality healthcare services
The hospital maintains strict adherence to well-defined quality and patient safety protocols in the handling and care of patients. Moreover, it provides a comprehensive range of advanced medical care and emergency services to meet the diverse healthcare needs of its patients
Asarfi Hospital Risks
Certain legal proceedings
The company, its directors, and promoters are currently involved in various legal proceedings. Any unfavourable outcome in these proceedings could significantly impact the company's business, financial condition, and operational results
Dependent on tie-up arrangements
The hospital relies heavily on tie-up arrangements with governmental organizations, insurance companies, third-party administrators, and corporations for a substantial portion of its revenue. The loss of any major customer or a significant decline in these tie-up arrangements could have a significant impact on the hospital's business operations and profitability
IPO FAQs
The promoters of the company are Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh, Madhuri Singh and Nitu Singh.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 51.0 - 52.0.
The IPO application opens on Jul 17, 2023 and closes on Jul 19, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 104,000.0, the maximum value for this IPO is Rs 104,000.0.
This IPO will be allotted on Jul 24, 2023.
The refund will be credited to your account on Jul 25, 2023.
The allotted shares will be credited to your demat on Jul 26, 2023.
Asarfi Hospital Ltd.’s shares listed on the stock exchanges on Jul 26, 2023.