Aashka Hospitals was incorporated on November 09, 2012. It is an integrated healthcare service provider, committed to delivering quality healthcare services to patients in modern facilities that include prevention, best treatment and proper rehabilitation
| Bidding Dates |
|---|
| 10 Aug 2021 - 24 Aug 2021 |
| Subscription |
|---|
| 1.3x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,000 | 1 | 1 | 1000 | 8.4 M | ₹121 | 64.1 % | ₹1016.4 M | RHP DOC |
Aashka Hospitals IPO SUBSCRIPTION STATUS
24 Aug '21Aashka Hospitals IPO overall subscription rate was 1.3 times the total available shares
Aashka Hospitals IPO retail subscription rate was 0.75 times in the retail segment
Aashka Hospitals IPO non-institutional investor subscription rate was 2.02 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
23 Aug 2021 (Day 10) | 0.72x | 1.39x | - |
24 Aug 2021 (Day 11) | 0.75x | 2.02x | - |
17 Aug 2021 (Day 6) | 0.63x | 0.67x | - |
18 Aug 2021 (Day 7) | 0.73x | 0.76x | - |
20 Aug 2021 (Day 8) | 0.74x | 0.93x | - |
21 Aug 2021 (Day 9) | 0.74x | 0.93x | - |
12 Aug 2021 (Day 3) | 0.36x | 0.17x | - |
13 Aug 2021 (Day 4) | 0.55x | 0.24x | - |
16 Aug 2021 (Day 5) | 0.55x | 0.65x | - |
10 Aug 2021 (Day 1) | 0.12x | 0.14x | - |
11 Aug 2021 (Day 2) | 0.23x | 0.15x | - |
Aashka Hospitals 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) |
| FY21 | 41.1 | 406.9 | 145.0 | 65.2 |
| FY20 | 13.8 | 272.3 | -9.6 | -12.0 |
| FY19 | 13.6 | 276.7 | 101.2 | 98.1 |
Aashka Hospitals IPO SUBSCRIPTION STATUS DETAILS
Aashka Hospitals had 8.4 M shares on offer
Aashka Hospitals IPO offer price was ₹121
Aashka Hospitals IPO minimum Investment was ₹121000
Aashka Hospitals IPO issue size was ₹ 1016.4 M
Aashka Hospitals had a minimum lot size of 1000 Shares per application
Aashka Hospitals NUMBER OF SHARES ON OFFER
Aashka Hospitals IPO IMPORTANT DATES
| Issue Open Date | 10 Aug 2021 |
| Issue close Date | 24 Aug 2021 |
| Allotment Date | 30 Aug 2021 |
| Refund Date | 31 Aug 2021 |
| Demat Account Credit Date | 31 Aug 2021 |
| Listing Date | 01 Sep 2021 |
| Listing on Exchange(s) | BSE |
| Aashka Hospitals Allotment Status | Exchange |
Aashka Hospitals IPO subscription opened on 10 Aug 2021, and closed on 24 Aug 2021
IPO allotment for Aashka Hospitals was finalized on Monday, 30 Aug 2021
IPO listing for Aashka Hospitals was on BSE on Wednesday, 01 Sep 2021
Aashka Hospitals IPO LISTING GAINS
| Issue Price (adjusted) | 121.0 |
| Listing Open Price | 76.5 |
| Listing Close Price | 115.0 |
| Listing Gain% | -36.8% |
| Current Gain% | -40.5% |
Aashka Hospitals 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aashka Hospitals Ltd. | 72 | 168.5 | 50.5 | 22.6 | 6.7 | 3.2 | 2.9 | 25.3 | -2.7 | 3.3 | 2.2 | 1.4 | 2.2 |
| Apollo Hospitals Enterprise Ltd. | 8912 | 128140.9 | 66 | 1.9 | 5.1 | 20.5 | 8.7 | 25420.1 | 15.6 | 1941.7 | 34.3 | 135 | 34.3 |
| Max Healthcare Institute Ltd. | 1069 | 104042.9 | 72.1 | 2.1 | 12.4 | 13.4 | 8.4 | 8536.1 | 18.8 | 1442.4 | 34.1 | 14.8 | 34.1 |
| Manipal Health Enterprises Ltd. | 686.4 | 90280.9 | 10.6 | 3.6 | 10520.5 | 25.8 | 892.3 | -16.2 | |||||
| Fortis Healthcare Ltd. | 945.2 | 71354.9 | 68.1 | 3.3 | 7.5 | 10.5 | 6.5 | 9178.5 | 16.9 | 1041.8 | 34.6 | 13.9 | 20.7 |
| Aster DM Quality Care Ltd. | 867.2 | 44928.9 | 141 | 879.5 | 9.2 | 8.5 | 4.8 | 4768.8 | 11.2 | 388.1 | -92.8 | 6.2 | 0.2 |
Aashka Hospitals INFORMATION ON IPO ISSUE
About Aashka Hospitals
Aashka Hospitals was incorporated on November 09, 2012. It is an integrated healthcare service provider, committed to delivering quality healthcare services to patients in modern facilities that include prevention, best treatment and proper rehabilitation
Object of the Issue
- Repayment/ prepayment of company's borrowings fully or partially
- Funding inorganic growth initiatives
- General corporate purposes
Aashka Hospitals - PROMOTERS
| Name |
|---|
| Bipinchandra Shah |
Aashka Hospitals Lead Manager
Fedex Securities Private Limited
mb@fedsec.in
Aashka Hospitals Registrar to the Offer
Accurate Securites and Registry Private Limited
investor@accuratesecurites.com
Aashka Hospitals Strengths
Well diversified and specialty service offerings
The company's operations encompass various levels of healthcare services from primary to tertiary and position it to be a one-stop destination for patients
Provision of quality healthcare services
The company has been focused on providing quality healthcare service
Staff and team
The company has the ability to attract, train and retain quality doctors, consultants and medical support staff
Aashka Hospitals Risks
Dependent on professionals
The company is highly dependent on doctors, nurses and other healthcare professionals
Dependent on the government
The company generates revenue from the arrangements with government-sponsored health schemes
IPO FAQs
Aashka Hospitals Ltd. IPO listing opened at Rs 76.50 while the issue price was Rs 121.00 giving -36.78% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 121.00 giving -40.50% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 36.3 crore, of 3,000,000 shares. It also consists of a fresh issue of Rs 65.3 crore.
The promoter of the company is Bipinchandra Shah.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 121.0 - 121.0.
The IPO application opens on Aug 10, 2021 and closes on Aug 24, 2021.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 121,000.0, the maximum value for this IPO is Rs 121,000.0.
This IPO will be allotted on Aug 30, 2021.
The refund will be credited to your account on Aug 31, 2021.
The allotted shares will be credited to your demat on Aug 31, 2021.
Aashka Hospitals Ltd.’s shares listed on the stock exchanges on Sep 01, 2021.