Achyut Healthcare IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 15, 2022With the BSE SME Platform proposed issue, Achyut Healthcare Limited is preparing to raise funds from the public with a Fresh Issue IPO.
In this article, we will acknowledge the essential elements of the company from its background to its product and service range to promoters and the management of the company.
From the Achyut Healthcare IPO perspective, we will study the IPO dates, its subscription and allotment status, GMP, pros, and cons of IPO, reviews given by the different stock brokers.
Achyut Healthcare IPO Review will assist you in arriving at the right decision.
| Face Value | Rs 10 |
| Price Band | Rs 20 |
| Listing At | BSE, SME |
| Min. Order Quantity | 6000 Shares |
| Listing Date | March 30, 2022 |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs 3.60 Crore |
| IPO Size | Rs 3.60 Crore |
| Tick Size | 1 |
Achyut Healthcare IPO Overview
Achyut Healthcare Limited is all set to garner funds of Rs. 2.75 crore from the General Public. Achyut Healthcare IPO will help the company to raise funds for upscaling the operations of the company to a new extent.
The company will be offering in aggregate 20,00,000 equity shares through a Fresh Issue. The issue is completely a Fresh Issue and no promoters are offering their shares through the offer.
Achyut Healthcare IPO Important Dates
| Events | Date |
| IPO Opening Date | Mar 17, 2022 |
| IPO Closing Date | Mar 22, 2022 |
| Basis of Allotment Finalization | Mar 25, 2022 |
| Refunds Initiation | Mar 28, 2022 |
| Credit of Shares to Demat Account | Mar 29, 2022 |
| Share Listing Date | Mar 30, 2022 |
Achyut Healthcare Limited approved the proposal of IPO on November 30, 2021, in the extraordinary general meeting where the shareholders gave their consent via special resolution.
In pursuance of the IPO, the company converted its status from a private company to a public company in November 2021, and subsequently, the name of the company was changed from Achyut Healthcare Private Limited to Achyut Healthcare Limited.
In late December 2021, the company filed the DRHP with the market regulator to process the IPO in the market. The Achyut Healthcare IPO Date is not determined yet. The company will soon provide information in this regard.
Achyut Healthcare IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs 20 |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs 3.60 Crore |
| IPO Size | Rs 3.60 Crore |
Achyut Healthcare IPO will be a Fixed Price Issue and the Achyut Healthcare IPO Price will be determined by the company in consultation with the Book Running Lead Managers (BRLM).
Achyut Healthcare IPO Size is 20,00,000 equity shares offered via Fresh Issue. The issue is made for at least 25% of the post-Issue paid-up capital of the company.
A minimum of 50% of the offer will be reserved for allocation to Retail Individual Investors and the remaining portion will be allocated to other categories of investors including Qualified Institutional Buyers and Non-Institutional Buyers.
Also, in case the demand received from the retail category is below 50%, the remaining part of the retail applicant will be added to QIBs and NIIs portion.
Achyut Healthcare IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Trading in Grey Market yet | |||
Achyut Healthcare IPO GMP is not available right now. Right now the company is waiting for the SEBI nod for the DRHP. Thereafter, Achyut Healthcare will take measures towards floating the IPO in the market.
Grey Market Premium is dependent upon the demand of the issuer company in the market. Though Grey Market is unofficial and affects the IPO in an indirect manner, IPO investors observe the activities of the Grey Market closely.
The Grey Market trends and the activities on the stock exchange may vary from each other.
Achyut Healthcare IPO Subscription Status
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 17th March | 0.36x | 0.63x | 0.49x |
| 2nd Day – 21st March | 1.34x | 2.39x | 1.86x |
| 3rd Day – 22nd March | 1.95x | 6.75x | 4.35x |
| Shares Offered or Net Issue | 852,000 | 852,000 | 1,704,000 |
Achyut Healthcare IPO Subscription is open for the public now.
The 20,00,000 equity shares IPO of Achyut Healthcare Limited is being offered to the public on the BSE SME Platform.
The platform is an innovative initiative of BSE where the emerging entities can get their securities listed. Also, this offers an appealing opportunity to the investor to join the incredible journeys of blossoming companies.
Also, the companies listed on the BSE SME Platform can migrate to the Main Board at a later stage according to the rules and regulations of SEBI and BSE.
.The Lead Manager of the issue is:
- GYR CAPITAL ADVISORS PRIVATE LIMITED
The details in respect of the price band and subscription will be made available in a short time.
Achyut Healthcare IPO Allotment Status
The basis of Achyut Healthcare IPO Allotment will be determined by the company according to the demand received from the investors. The face value of the shares offered in the IPO is Rs. 10 each.
The Registrar of the respective issue is Kfin Technologies Private Limited.
Achyut Healthcare IPO Live Performance
Achyut Healthcare IPO Performance will be available through the below-given link. From the link, investors will be able to remark the movement of Achyut Healthcare IPO Price changes.
Subscribe to Achyut Healthcare IPO – Open Free Demat Account Now!
Achyut Healthcare – Company Review
The company set its foot in the industry in the year 1996 as Achyut Securities Private Limited. Thereafter it changed its name to Achyut Healthcare Private Limited in 2002.
The company is registered in Gujarat and majorly operates from there. The company operates in the Pharmaceutical sector and caters to the domestic and international demands of its customers.
Apart from India, Achyut Healthcare has marked its presence in UAE, Kenya, and Nigeria. Presently, the company is trading in 6 to 7 products tailored according to the customized demand of its customers.
With the operations, Achyut Healthcare has been keenly focused towards the pharmaceutical business and proffer products of accomplished quality.
Products or Services
The more than two-decade-old Achyut Healthcare engaged in the trading of Pharmaceutical products in 2015. It procures goods from third parties and delivers it has to its customers situated in different nationalities.
The company deals in various products and each product having its trading areas and specialty. The company not only caters to the domestic it has requirements but has also engraved its prominence in some parts of UAE, Kenya, and Nigeria.
Achyut Healthcare Limited engaged in the trading of Cenzure, Arpimune, Azathioprine IP, Everomimus, Mycophenolate Mofetil USP, Mycophenolate Sodium USP, Sirolimus, Tacrolimus USP, Infrared thermometer, Ascorbic Acid Coated Vitamin C, Calcium carbonate oyster, Cellulose acetate Phthalate, Chlorthalidone IP, Cross Carmalose Sod IP/USP, DI Basic Calcium Phosphate IP, DI Ethyl Phthlate, Diltiazem Hydrochloride IP, Easy Coat Fc Titanium Dioxide, Escitalopram IP, Escitalopram Oxalate, Favipiravir among many other products.
Promoters and Holding
The Promoter of Achyut Healthcare Limited are Mahendra Chatrabhuj Raycha and Akshit Mahendra Raycha.
The management of the company includes:
- Mahendra Chatrabhuj Raycha holds the position of Chairman and Non-Executive Director
- Jigen Jagdishbhai Modi holds the position of Managing Director and Chief Financial Officer
- Akshit Mahendra Raycha holds the position of Non-Executive Director
- Amisha Jigen Modi holds the position of Executive Director
- Rutvik Sanjaykumar Thakkar holds the position of Independent Director
- Sonu Lalitkumar Jain holds the position of Independent Director
- Paragkumar Sandipkumar Dave holds the position of Company Secretary and Compliance Officer
Is Achyut Healthcare good for Investment?
Achyut Healthcare dedicatedly strives towards offering superior quality products to its customers as per their customized requirements.
The company offers high-caliber commodities and pivots on pharmaceutical products and the same is enshrined in its vision statement.
With the aspiration of expansion, now the company is aiming to embark on a new expedition in the field of manufacturing with Achyut IPO.
With the continuous efforts towards efficiency, the company’s operational expenses are so insignificant that the annual top-line revenue of the company has crossed 1 crore.
Currently, the company has 6 to 7 products in its product portfolio and each of the products is specialized and has a significant base area in terms of supply.
Achyut Healthcare Financial Statements
| Amount (in INR & Lakhs) | ||||
| 30-Aug-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Assets | 114.43 | 47.13 | 27.26 | 23.73 |
| Revenue | 158.65 | 27.43 | 34.56 | 66.78 |
| Expense | 149.94 | 26.41 | 32.67 | 65.44 |
| Profit After Tax | 6.30 | 0.74 | 1.40 | (1.46) |
Achyut Healthcare has set its pace and enlarged itself whether it is in terms of operations or assets. The company’s assets have expanded to a great extent in just five months in the financial year 2021-22 from Rs. 47.13 lakhs to Rs. 114.43 lakhs.
The total revenues of the company for the fiscal 2019, 2020, and 2021 were Rs. 66.78 lakhs, Rs. 34.56 lakhs and Rs. 27.43 lakhs. A drastic dive can be examined from the above.
After incurring a loss of Rs. 1.46 lakhs in the year 2019, the company has been able to draw a surplus of Rs. 1.40 lakh in 2020 and of Rs. 0.74 lakh.
Interestingly, the company has surpassed its previous years’ revenues and profits in just months of 2021 ended August 2021. Total Revenue for the period was Rs. 158.65 lakh and profit for the same period was Rs. 6.30 lakhs.
The EPS of Achyut Healthcare as on August 31st, 2021 was recorded at Rs. 2.52.
Achyut IPO is a prosperous opportunity for the company to attain the advantages of listing and will be a good source to urge funds for its future operations.
| Earnings per Equity Share (in Lakhs) | ||||
| 30-Aug-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 2.52 | 0.30 | 0.56 | (0.58) |
Achyut Healthcare IPO Review
Achyut Healthcare IPO will be of 20,00,000 equity shares to be offered by means of a Fresh Issue. The company will be raising about Rs. 275.82 lakhs from the IPO.
The company does not have any significant operational expenses as it is engaged in the business of trading of pharmaceutical products giving it the advantage of making higher annual top-line sales.
The company will be utilizing the proceeds towards funding purchases of machineries and equipment. Achyut Healthcare is having expansion and future growth plans in place and is now preparing to enter into the manufacturing business.
The shares of the company will be listed on the BSE SME Platform. The company can later on migrate into the main board according to the rules and regulations of the stock exchange.
Achyut Healthcare IPO Details
Here are a few more details you need to know before investing in Achyut Healthcare IPO –
Achyut Healthcare IPO Issue Object
Achyut Healthcare has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Funding purchases of machineries and equipment;
- General Corporate Purposes
Achyut 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:
- PAN India and Global presence
- Long-standing relationships with customers
- Experienced management
- Efficient Marketing team
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 0.30 | 3.41 | 8.68 |
| 31-Mar-20 | 0.56 | 6.68 | – |
| Mar-19 | (0.58) | (7.46) | – |
Achyut Healthcare IPO Lead Managers
Here are the list of Lead managers –
- GYR CAPITAL ADVISORS PRIVATE LIMITED
Achyut Healthcare IPO Registrar to offer
Check out the details of the registrar here –
KFIN TECHNOLOGIES PRIVATE LIMITED
(Formerly known as Karvy Fintech Private Limited)
KFin Technologies Private Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Contact Person: M Murali Krishna
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: achyut.ipo@kfintech.com
Investor grievance e-mail:einward.ris@kfintech.com
Website: www.kfintech.com
SEBI Registration No. : INR000000221
Achyut Healthcare IPO – Other Details
- Statutory Auditor – M/s. Piyush Kothari & Associates
- Legal Counsel to the Company – T&S Law
- Bankers to the Company – HDFC Bank Limited.
Achyut Healthcare IPO – Conclusion
The Achyut Healthcare IPO is completely a Fresh Issue based on the Fixed Price Issue Method where some extent of the offer will be reserved for the Market Maker.
The investors looking to invest in a pharmaceutical sector company can contemplate and examine the key factors of the IPO and consider the investment.
The IPO objects are also growth driven which is another factor towards a positive outlook for the IPO.
To Subscribe to Achyut Healthcare IPO – Open Demat Account Now!
Achyut Healthcare IPO Review FAQs
Check out the FAQs on Achyut Healthcare IPO –
What is the Issue Size of Achyut Healthcare IPO?
The Company is making an initial public offer of 20,00,000 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.
What is the Price band of Achyut Healthcare IPO?
The price band for this particular IPO ranges between Rs 20. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Achyut Healthcare IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 17, 2022, while the closing date is set at Mar 22, 2022.
What is the Achyut Healthcare IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on Mar 25, 2022, refund initiation is on Mar 28, 2022, credit of shares is on Mar 29, 2022, and share listing date is on Mar 30, 2022.
What is the Achyut Healthcare IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 30, 2022. The date, when the listing would be done, is stagnant on Mar 30, 2022.
Who is the Registrar of Achyut Healthcare IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Achyut Healthcare IPO?
Here are the promoters of this IPO – MAHENDRA CHATRABHUJ RAYCHA AND AKSHIT MAHENDRA RAYCHA. 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 Achyut IPO?
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.
Is Achyut 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 Achyut Healthcare Company?
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 Lakhs is 0.74, 2020 is 1.40, 2019 is (1.46). PAT from Aug 2021 is 6.30.
Featured Topics