Aashka Hospitals IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 15, 2022Let’s have a detailed review of the company and analytics of the Aashka Hospitals IPO release date, IPO offer price, subscription, Aashka Hospitals Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs 121 |
| Listing At | BSE SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | NA |
| Offer for Sale | Rs 3,630 Lakh |
| Fresh Issue | Rs 6,534 Lakh |
| IPO Size | Rs 10,164 Lakh |
| Tick Size | 1 |
Aashka Hospitals IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Aashka Hospitals Share Price |
Aashka Hospitals IPO – Summary
Their Company was originally incorporated as Private Limited Company in the name of “Aashka Hospitals Private Limited” under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated November 09, 2012, bearing Corporate Identification Number U85110GJ2012PTC072647 issued by the Registrar of Companies, Gujarat, Dadra, and Nagar Havelli.
Subsequently, their Company was converted into a Public Limited Company pursuant to the special resolution passed by the shareholders at the Extra-Ordinary General Meeting of their Company held on June 25, 2018.
The Promoter of this company is BIPINCHANDRA SHAH. The lead manager to the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar to this issue is ACCURATE SECURITIES & REGISTRY PRIVATE LIMITED.
Aashka Hospitals IPO Date
The opening and the closing date of Aashka Hospitals IPO are Aug 10, 2021, and Aug 13, 2021, respectively.
Aashka Hospitals IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 10 August | 0.14x | 0.12x | 0.12x |
| 2nd Day – 11 August | 0.15x | 0.23x | 0.18x |
| 3rd Day – 12 August | 0.17x | 0.36x | 0.25x |
| 4th Day – 13 August | 0.24x | 0.55x | 0.37x |
| 5th Day – 16 August | 0.65x | 0.55x | 0.57x |
| 6th Day – 17 August | 0.67x | 0.63x | 0.61x |
| 7th Day – 18 August | 0.76x | 0.73x | 0.70x |
| 8th Day – 20 August | 0.93x | 0.74x | 0.79x |
| 9th Day – 21 August | 0.93x | 0.74x | 0.79x |
| 10th Day – 23 August | 1.39x | 0.72x | 0.99x |
| 11th Day – 24 August | 2.02x | 0.75x | 1.30x |
| Shares Offered or Net Issue | 3,960,000 | 3,960,000 | 8,400,000 |
The shares subscribed by the public will be updated here.
Check Aashka Hospitals IPO LIVE Subscription
- Aashka Hospitals IPO LIVE Bid details on BSE
- Aashka Hospitals IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Aashka Hospitals IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Aashka Hospitals Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Aashka Hospitals IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.121
Aashka Hospitals IPO Equity Size
This Initial Public Issue of 84,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.121 per equity share aggregating to Rs.10,164 Lakh.
Aashka Hospitals IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 84,00,000 Equity Shares of Rs.10 each, aggregating to Rs.10,164 Lakh
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Aashka Hospitals IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Aashka Hospitals Share Price |
Aashka Hospitals IPO Grey Market Premium
The Aashka Hospitals Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Aashka Hospitals IPO – Company Overview
Their Company is promoted by Bipinchandra Shah is a Civil engineer and a technocrat, who is currently serving as the Chairman and Managing Director of the Company. With a view to providing healthcare facilities to the people of Gujarat, he started a hospital in the year 2015 and roped in renowned doctors.
His experience and understanding of business have been instrumental in the growth of their Company’s performance. For further details, please refer to chapters titled “Their Promoter and Promoter Group” and “Their Management” beginning on pages 173 and 159 of this Draft Prospectus.
Their Company decided to step up its support in the fight against COVID-19 and was a designated COVID19 treatment hospital. With the support of their doctors and staff, they have treated more than 2000 COVID-19 patients. Their Company is a growing organization that aims at strengthening and establishing ourselves as the foremost healthcare services provider. They strive to serve with their ultra-modern medicinal practices and state-of-the-art infrastructure for medical as well as surgical care solutions.
Aashka Hospitals IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 6508.14 | 6004.73 | 5405.18 |
| *Total Revenue | 4069.23 | 2725.14 | 2772.55 |
| Total Expense | 3657.84 | 2587.23 | 2636.28 |
| Profit After Tax | 411.39 | 137.91 | 136.27 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 2.29 | 0.78 | 0.80 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 411.39 Lakh, Rs. 137.91 Lakh, and Rs. 136.27 Lakh respectively.
Aashka Hospitals IPO – Promoters
The Promoter of this company is:
- BIPINCHANDRA SHAH
List of Related Parties (Key Managerial Personnel)
- Bipinchandra Shah, Managing Director
- Shreyarthi Shah, Non-Executive Director
- Dr. Parag Thaker, Executive Director
- Kalpeshkumar Patel, Independent Director
- Hiteshkumar Shah, Independent Director
- Hetang Shah, Independent Director
Aashka Hospitals IPO – Promoters Holding
- Pre Issue Share Holding – 91.67%
- Pos Issue Share Holding – 61.24%
Aashka Hospitals IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 84,00,000 Equity Shares aggregating up to Rs.10,164 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 4,80,000 Equity Shares aggregating up to Rs.580.80 Lakh |
| Net Issue to the Public | Up to 79,20,000 Equity Shares aggregating up to Rs.9,583.20 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,80,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 2,34,00,000 Equity Shares |
Aashka Hospitals IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment/prepayment, in full or part, of certain borrowings availed by their Company; and
2. Funding of their inorganic growth initiatives
3. General corporate purposes
Aashka Hospitals IPO – Business Strategy
- Move to an asset-light model
- Increasing efficiencies across their healthcare facilities through integration and supply chain management
- Increase outpatient income by focusing on their ongoing daycare products and introducing new daycare offering
- Attract and retain prominent, skilled doctors
- Strengthen hospital presence
Aashka Hospitals IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Well-diversified and specialty service offerings.
- Provision of quality healthcare services
- Ability to attract, train and retain quality doctors, consultants, and medical support staff
- An experienced player with longstanding presence and brand recal
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.29 | 14.07 | 16.25 |
| 31-Mar-20 | 0.78 | 5.70 | – |
| Mar-19 | 0.80 | 8.87 | – |
Aashka Hospitals IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Aashka Hospitals Limited | 10 | 52.84 | 2.29 | 14.07 | 4069.23 |
| Listed Peers | |||||
| Narayana Hrudayalaya Limited | 10 | NA | (3.88) | (7.05) | 173042.80 |
| KMC Speciality Hospitals (India) Limited | 1 | 46.52 | 0.78 | 20.18 | 10456.36 |
| Fortis Malar Hospitals Limited | 10 | NA | (4.28) | (9.25) | 7,732.53 |
| Shalby Limited | 10 | 42.05 | 3.97 | 5.05 | 42,828.50 |
Aashka Hospitals IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India. Tel No: +91 81049 85249 Fax No.: 022 2618 6966 E-mail: mb@fedsec.in Website: www.fedsec.in Contact Person: Yash Kadakia SEBI Registration Number: INM000010163 Investor Grievance E-mail: mb@fedsec.in |
Aashka Hospitals IPO Registrar to offer
| Registrar to the Offer |
| ACCURATE SECURITIES & REGISTRY PRIVATE LIMITED 203, Shangrila Arcade, Above Samsung Showroom, Near Shyamal Cross Road, Satellite, Ahmedabad – 380015, Gujarat, India. Tel No: 079 – 48000319 Website: www.accuratesecurities.com Email Id: investor@accuratesecurities.com Investor Grievance Email: investor@accuratesecurities.com Contact Person: Ankur Shah SEBI Registration Number: INR000004173 |
Aashka Hospitals IPO – Other Details
- Statutory Auditor – M/s Singhi & Co, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Aashka Hospitals IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Aashka Hospitals Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Aashka Hospitals IPO Review FAQs
Ques – What is the Issue Size of Aashka Hospitals IPO?
Answer – The Company is making an initial public offer of 84,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Aashka Hospitals IPO?
Answer – The price band for this particular IPO ranges Rs. 121. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Aashka Hospitals IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 10, 2021, while the closing date is set at Aug 13, 2021.
Ques – What is the Aashka Hospitals IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Aashka Hospitals IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Aashka Hospitals IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. ACCURATE SECURITIES & REGISTRY PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Aashka Hospitals IPO?
Answer – Here are the promoters of this IPO – BIPINCHANDRA SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Aashka Hospitals IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Aashka Hospitals IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Aashka Hospitals Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 411.39, 2020 is 137.91, 2019 is 136.27.
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