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Let’s have a detailed review of the company and analytics of the Aatmaj Healthcare IPO release date, IPO offer price, subscription, Aatmaj Healthcare 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 5
Price Band Rs 60
Listing At NSE, SME
Min. Order Quantity 2000 Shares
Listing Date 30 June 2023
Offer for Sale Rs Lakh
Fresh Issue Rs 3,840 Lakh
IPO Size Rs 3,840 Lakh
Tick Size 1

Aatmaj Healthcare IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Aatmaj Healthcare Share Price

Aatmaj Healthcare IPO – Summary

Aatmaj Healthcare IPOTheir Company was originally incorporated as Aatmaj Healthcare Private Limited as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 10, 2014, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli.

Their Company was converted into a public limited Company pursuant to a special resolution passed by their shareholders at the Extra Ordinary General Meeting held on November 16, 2022, and consequently, the name of their Company was changed to Aatmaj Healthcare Limited.

The Promoter of this company is DR. TUSHAR SUVAGIYA, DR. SUBHASH PADMANI & DR. RAVI APTE. The lead manager of the issue is Nirbhay Capital Services Private Limited, and the Registrar of this issue is Link Intime India Private Limited.

Aatmaj Healthcare IPO Date

The opening and closing dates of Aatmaj Healthcare IPO are 19 June 2023 and 21 June 2023 respectively.

Aatmaj Healthcare IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 19th Jun 0.10x 0.73x 0.36x
2nd Day – 20th Jun 1.25x 5.35x 3.31x
3rd Day – 21st Jun 36.78x 30.27x 33.60x
Shares Offered or Net Issue 3,039,500 3,039,500 6,400,000

The shares subscribed by the public will be updated here.

Aatmaj Healthcare IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares are 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.

Aatmaj Healthcare Limited IPO Listing Date

Find the dates below on the basis of allotment, refund, listing, and more:

Basis of Allotment Finalization 26 June 2023
Refunds Initiation 27 June 2023
Credit of Shares to Demat Account 29 June 2023
Share Listing Date 30 June 2023

Aatmaj Healthcare IPO Price Band

The face value of each share is Rs.5, but the price band of the IPO is Rs.60 

Aatmaj Healthcare IPO Equity Size

This Initial Public Issue of 6,400,000 Equity Shares of Rs.5 each for cash at a price of Rs.60 per equity share aggregating to Rs.3,840 Lakh.

Aatmaj Healthcare IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,400,000 Equity Shares of Rs.5/ each.

Issue Size: 6,400,000 Equity Shares of Rs.5 each, aggregating to Rs.3,840 Lakh

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    Aatmaj Healthcare IPO – Live Performance

    The listing date of this IPO is 30 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Aatmaj Healthcare Share Price

    Aatmaj Healthcare IPO Grey Market Premium

    The Aatmaj Healthcare Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Aatmaj Healthcare IPO – Company Overview

    Their Company is a growing organization that aims at strengthening and establishing itself 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.

    Also, they aim towards continuous improvement of their healthcare facilities and to achieve the level of care and quality, they have constituted committees such as Quality Assurance and Safety Committee, Infection Control Committee, CPR Committee, Pharmacy and Therapeutic Committee, Blood Transfusion Committee, Committee for Medical Records and Women’s Safety Committee.

    They have a team of medical practitioners who ensures that patients get quality healthcare services. Their dedicated team is trained to take care of the patients and handle health-related emergencies.

    Their healthcare staff members comprise of Unit Head, Consultant Doctors, Clinical pharmacists, X-Ray Technicians, Microbiologists, Medical Officers, Clinical Assistants, Medical Executives, OT Assistants, Infection Control Nurses, Other Nursing Staff etc.

    Aatmaj Healthcare 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-Dec-22 31-Mar-22 Mar-21 31-Mar-20
    Total Assets 3,031.94 1,719.62 979.97 932.82
    *Total Revenue 2,047.73 2,180.88 1,726.25 436.82
    Total Expense 1,248.55 1,496.28 1,280.53 454.64
    Profit After Tax 577.49 492.07 412.19 (27.03)

    Earnings per Equity Share (in Lakh)

    31-Dec-22 31-Mar-22 Mar-21 31-Mar-20
    Basic & Diluted 3.56 9.11 7.63 (0.50)

    Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 577.49 Lakh, Rs. 492.07 Lakh, Rs. 412.19 Lakh and Rs. (27.03) Lakh respectively.

    Aatmaj Healthcare IPO – Promoters

    The Promoter of this company is:

    3. DR. RAVI APTE

    List of Related Parties (Key Managerial Personnel)

    • Tushar Suvagiya, Managing Director
    • Jignasa Suvagiya, Whole Time Director
    • Ravi Apte, Professional Non-Executive Director
    • Jigneshkumar Gandhi, Non-Executive Independent Director
    • Nirajkumar Lila, Non-Executive Independent Director

    Aatmaj Healthcare IPO – Promoters Holding

    • Pre-Issue Share Holding – 88.89%
    • Post-Issue Share Holding – %

    Aatmaj Healthcare IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 6,400,000 Equity Shares aggregating up to Rs.3,840 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 3,21,000 Equity Shares aggregating up to Rs. 192.60
    Net Issue to the Public Up to 60,79,000 Equity Shares aggregating up to Rs. 3,647.40
    Of which:
    Retail Investors Portion Not less than 30,39,500 Equity Shares
    Other than Retail Individual Investors Not more than 30,39,500 Equity Shares
     Equity Shares outstanding prior to the Issue 1,62,00,000 Equity Shares
     Equity Shares outstanding after the Issue 2,26,00,000 Equity Shares

    Aatmaj Healthcare IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Repayment/Prepayment in full or part of the existing secured debt of the Company
    2. Funding the Working Capital Requirements of the Company
    3. Purchase of medical equipment for hospitals of their Company and/or newly acquired or set up hospitals
    4. Their inorganic growth initiatives through acquisitions and other strategic initiatives
    5. General Corporate Expenses
    6. Issue Expenses

    Aatmaj Healthcare IPO – Business Strategy

    • Ultra-Modern Medicinal Practices
    • 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 offerings.
    • Attract and retain prominent, skilled doctors
    • Strengthen hospital presence

    Aatmaj Healthcare 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:

    • The experienced Management team of Medical Practitioners;
    • Provision of quality healthcare services;
    • Ability to attract, train and retain quality doctors, consultants and medical support staff;
    • Clinical excellence and affordable health care;
    • Ability to grow their presence in adjacent Markets;
    • Improving operational efficiency.

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-22 9.11 60.68 60.07
    31-Mar-21 7.63 129.28 23.62
    Mar-20 (0.50) (28.96) (6.91)

    Aatmaj Healthcare IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Crores)
    Aatmaj Healthcare Limited 5 6.59 9.11 60.68 2,180.88
    Listed Peers
    Krishna Institute of Medical
    Sciences Ltd
    10 44.88 35.04 20.22 1,14,337.60
    Kovai Medical Center and
    Hospital Ltd
    10 23.57 95.28 17.11 90,599.66
    KMC Speciality Hospitals
    (India) Limited
    1 45.61 1.45 27.64 13,607.28

    Aatmaj Healthcare IPO Lead Managers

    Lead Managers
    Nirbhay Capital Services Private Limited
    CIN: U67120GJ2006PTC047985
    Address: 201, Maruti Crystal, Opp. Rajpath Club, S.G. Highway, Bodakdev, Ahmedabad380054, Gujarat, India.
    Tel. No.: +91 79 48970649, M. No.: +91 9727734956
    Fax No.: N.A.
    Email: akshesh@nirbhaycapital.com
    Investor Grievance Email: ipo@nirbhaycapital.com
    Website: www.nirbhaycapital.com
    Contact Person: Mr Akshesh Dave
    SEBI Registration No.: INM000011393

    Aatmaj Healthcare IPO Registrar to offer

    Registrar to the Offer
    Link Intime India Private Limited
    CIN: U67190MH1999PTC118368
    Address: C-101, 247 Park, 1st Floor, L.B.S. Marg,Vikhroli West, Mumbai – 400083,
    Maharashtra, India.
    Tel: +91 22 49186200
    Fax No.: N.A.
    Email: aatmajhealthcare.smeipo@linkintime.co.in
    Investor grievance E-mail: aatmajhealthcare.smeipo@linkintime.co.in
    Website: www.linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    SEBI Registration No. : INR000004058

    Aatmaj Healthcare IPO – Other Details

    • Statutory Auditor – M/s. Bela Mehta & Associates, Chartered Accountants
    • Legal Counsel to the Company – Rigal H Kathiriya
    • Bankers to the Company – Axis Bank Limited and HDFC Bank Limited

    Aatmaj Healthcare 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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      Aatmaj Healthcare Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Aatmaj Healthcare IPO Review FAQs

      Check out various FAQs related to Aatmaj Healthcare IPO:

      What is the Issue Size of Aatmaj Healthcare IPO?

      The Company is making an initial public offer of 6,400,000 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.

      What is the Price band of Aatmaj Healthcare IPO?

      The price band for this particular IPO ranges between Rs 60. As far as the face value of the share is of concern, it is Rs. 5 per share.

      What is the Aatmaj Healthcare IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on 19 June 2023, while the closing date is set for 21 June 2023.

      What is the Aatmaj Healthcare IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 26 June 2023, refund initiation is on 27 June 2023, credit of shares is on 29 June 2023, and share listing date is on 30 June 2023.

      What is the Aatmaj Healthcare IPO Listing Date?

      Shares of this company shall be listed in the exchanges on 30 June 2023. The date, when the listing would be done, is stagnant on 30 June 2023.

      Who is the Registrar of Aatmaj Healthcare IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Aatmaj Healthcare IPO?

      Here are the promoters of this IPO – DR. TUSHAR SUVAGIYA, DR. SUBHASH PADMANI & DR. RAVI APTE. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Aatmaj Healthcare IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Aatmaj Healthcare IPO Good for Investment?

      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.

      What is the PAT of Aatmaj Healthcare Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 492.07, 2021 is 412.19, and 2020 is (27.03). PAT from Dec 2022 is 577.49.

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