Asarfi Hospital IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jul 19, 2023Let’s have a detailed review of the company and analytics of the Asarfi Hospital IPO release date, IPO offer price, subscription, Asarfi Hospital 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 |
| Price Band | Rs 51 to Rs 52 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 2000 Shares |
| Listing Date | 27 July 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2,694 Lakh |
| IPO Size | Rs 2,694 Lakh |
| Tick Size | 1 |
Asarfi Hospital IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Asarfi Hospital Share Price |
Asarfi Hospital IPO – Summary
Asarfi Hospital Limited was incorporated in the year 2005 by Nayan Prakash Singh and Harendra Singh in the name of their mother “Asarfi Devi” to provide healthcare facilities to the people of Jharkhand.
Thus, Asarfi Hospital Limited is a 250 bedded multi-speciality hospital, which is serving people for over one and half decades by providing healthcare services in Dhanbad, Jharkhand.
The Promoter of this company is Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh, Madhuri Singh and Nitu Singh. The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is CAMEO CORPORATE SERVICES LIMITED.
Asarfi Hospital IPO Date
The opening and closing dates of the Asarfi Hospital IPO are 17 July 2023 and 19 July 2023 respectively.
Asarfi Hospital IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 17th Jul | 3.14x | 0.64x | 2.96x | 2.52x |
| 2nd Day – 18th Jul | 3.15x | 11.13x | 29.45x | 18.01x |
| 3rd Day – 19th Jul | 50.60x | 451.62x | 167.81x | 195.14x |
| Shares Offered or Net Issue | 984,000 | 738,000 | 1,722,000 | 5,180,000 |
The shares subscribed by the public will be updated here.
Asarfi Hospital 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.
Asarfi Hospital Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 24 July 2023 |
| Refunds Initiation | 25 July 2023 |
| Credit of Shares to Demat Account | 26 July 2023 |
| Share Listing Date | 27 July 2023 |
Asarfi Hospital IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 51 to Rs 52
Asarfi Hospital IPO Equity Size
This Initial Public Issue of 5,180,000 Equity Shares of Rs.10 each for cash at a price of Rs 51 to Rs 52 per equity share aggregating to Rs.2,694 Lakh.
Asarfi Hospital IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,180,000 Equity Shares of Rs.10/ each.
Issue Size: 5,180,000 Equity Shares of Rs.10 each, aggregating to Rs.2,694 Lakh
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Asarfi Hospital IPO – Live Performance
The listing date of this IPO is 27 July 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Asarfi Hospital Share Price |
Asarfi Hospital IPO Grey Market Premium
The Asarfi Hospital Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Asarfi Hospital IPO – Company Overview
Their hospital located at Dhanbad, Jharkhand is having departments/services like Cardiology, Neurosciences, General Medicine, Paediatrics & Neonatology, Obstetrics & Gynaecology, General Surgery, Gastroenterology, Orthopaedics Plastic Surgery & Cosmetics, Oncology, Nephrology, Urology, Ophthalmology, ENT, Day Care Services, Dental, Physiotherapy, Emergency, Nutrition & Dietetics, Anaesthesiology & Critical Care, Radiology, Pulmonology, Pain Management etc. among other healthcare services.
The hospital has a full-fledged high-dependency unit, Emergency Department, Outpatient consultation, CCU, ICU, NICU, SICU, Labor room, Endoscopy room, Neurosurgery and Cardiac unit.
The Diagnostic Centre features laboratory and imaging equipment like Open X-Ray, Ultrasound, and CT scans. The Hospital offers both inpatient and outpatient care which covers a wide range of Medical and Surgical specialities.
Asarfi Hospital 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-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 9,342.71 | 6,270.24 | 3,729.45 |
| *Total Revenue | 7,303.26 | 6,619.54 | 5,439.90 |
| Total Expense | 6,214.41 | 5,847.86 | 4,962.54 |
| Profit After Tax | 801.53 | 572.84 | 353.43 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 7.58 | 7.64 | 4.71 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 801.53 Lakh, Rs. 572.84 Lakh and Rs. 353.43 Lakh respectively.
Asarfi Hospital IPO – Promoters
The Promoter of this company is:
- : Harendra Singh,
- Nayan Prakash Singh,
- Udai Pratap Singh, Madhuri Singh
- Nitu Singh
List of Related Parties (Key Managerial Personnel)
- Udai Pratap Singh, Managing Director
- Madhuri Singh, Executive Director
- Sukanti Kumar Das, Non-Executive Director
- Amit Kumar Barnwal, Independent Director
- Rajkumari Sharma, Independent Director
Asarfi Hospital IPO – Promoters Holding
- Pre-Issue Share Holding – 83.03%
- Post-Issue Share Holding – 61.17%
Asarfi Hospital IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 51,80,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,60,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 49,20,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 7,38,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 17,22,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,44,97,300 Equity Shares |
| Equity Shares outstanding after the Issue | 1,96,77,300 Equity Shares |
Asarfi Hospital IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Part Funding of Capital Expenditure of Cancer Hospital at Ranguni, Jharkhand.
- Acquiring Land on Leasehold basis for Health Management and Research Institute at Ranchi, Jharkhand
- General Corporate Purpose
Asarfi Hospital IPO – Business Strategy
- Expand their healthcare services through the development of a new cancer hospital
- Expand operations in the field of educational institutions
- Continue to recruit and retain skilled healthcare professionals
- Continue to improve the quality of care and invest in and employ the latest technology
- Enhance clinical capabilities and improve operating efficiencies
Asarfi Hospital 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 speciality service offerings;
- Quality healthcare services;
- Ability to attract, train and retain quality doctors, consultants and medical support staff;
- Track record of stable operating and financial performance and growth;
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 7.58 | 19.16% | 28.86 |
| 31-Mar-22 | 7.64 | 25.32% | 30.18 |
| Mar-21 | 4.71 | 20.91% | 22.54 |
Asarfi Hospital IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Asarfi Hospital Limited | 10 | [●] | 7.58 | 19.16% | 7,303.26 |
| Listed Peers | |||||
| Shalby Limited | 10 | 24.23 | 7.48 | 7.30% | 72,738.2 |
| Global Health Limited | 2 | 54.98 | 12.57 | 13.43% | 2,75,916.31 |
| KMC Speciality Hospitals (India) Ltd. | 1 | 41.10 | 1.64 | 23.51% | 13,821.97 |
Asarfi Hospital IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000; Fax No.: +91- 022- 22625991 Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Website: www.hemsecurities.com Contact Person: Mr. Akun Goyal SEBI Registration Number. INM000010981 |
Asarfi Hospital IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED Address: No.1 Club House Road Chennai-600002 Tamil Nadu, India. Tel No.: +91-44-40020700 Email: priya@cameoindia.com Investor Grievance Email: investor@cameoindia.com Contact Person: K. Sreepriya Vice President & Company Secretary Website: www.cameoindia.com SEBI Registration Number: INR000003753 |
Asarfi Hospital IPO – Other Details
- Statutory Auditor – M/s. D. N. Dokania & Associates
- Legal Counsel to the Company – J MUKHERJEE & ASSOCIATES
- Bankers to the Company – HDFC Bank Limited
Asarfi Hospital 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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Asarfi Hospital Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Asarfi Hospital IPO Review FAQs
Check out various FAQs related to the Asarfi Hospital IPO:
What is the Issue Size of Asarfi Hospital IPO?
The Company is making an initial public offer of 5,180,000 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 the Asarfi Hospital IPO?
The price band for this particular IPO ranges between Rs 51 to Rs 52. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Asarfi Hospital IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 17 July 2023, while the closing date is set for 19 July 2023.
What is the Asarfi Hospital IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 24 July 2023, refund initiation is on 25 July 2023, credit of shares is on 26 July 2023, and share listing date is on 27 July 2023.
What is the Asarfi Hospital IPO Listing Date?
Shares of this company shall be listed in the exchanges on 27 July 2023. The date, when the listing would be done, is stagnant on 27 July 2023.
Who is the Registrar of Asarfi Hospital IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Asarfi Hospital IPO?
Here are the promoters of this IPO -: Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh, Madhuri Singh and Nitu Singh. 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 Asarfi Hospital 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 Asarfi Hospital 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 Asarfi Hospital 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 2023 in Lakh is 801.53, 2022 is 572.84, and 2021 is 353.43.
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