Hemant Surgical Industries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 26, 2023Let’s have a detailed review of the company and analytics of the Hemant Surgical Industries IPO release date, IPO offer price, subscription, Hemant Surgical Industries 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 85 to Rs 90 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | 5 June 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 2,484 Lakh |
| Tick Size | 1 |
Hemant Surgical Industries IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Hemant Surgical Industries Share Price |
Hemant Surgical Industries IPO – Summary
They manufacture, import, assemble and market a comprehensive portfolio of medical equipments and disposables. Their product offerings cover a wide spectrum of equipments and disposables required for (i) Renal Care, (ii) cardiovascular disease (iii) respiratory disease, (iv) Critical Care and Radiology and (v) Surgical disposables.
Their wide range of products include some of the indigenously manufactured products along with some other products that are imported from countries like: Japan, China France and Australia and are further processed in their assembly units.
The Promoter of this company is Hanskumar Shamji Shah, Kaushik Hanskumar Shah, Hemant Praful Shah. The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Hemant Surgical Industries IPO Date
The opening and closing dates of Hemant Surgical Industries IPO are 24 May 2023 and 26 May 2023 respectively.
Hemant Surgical Industries IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 24th May | 0.00x | 1.14x | 4.90x | 2.58x |
| 2nd Day – 25th May | 2.29x | 20.52x | 46.13x | 27.57x |
| 3rd Day – 26th May | 41.05x | 203.26x | 158.73x | 139.70x |
| Shares Offered or Net Issue | 523,200 | 537,600 | 916,800 | 1,977,600 |
The shares subscribed by the public will be updated here.
Hemant Surgical Industries 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.
Hemant Surgical Industries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 31 May 2023 |
| Refunds Initiation | 1 June 2023 |
| Credit of Shares to Demat Account | 2 June 2023 |
| Share Listing Date | 5 June 2023 |
Hemant Surgical Industries IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 85 to Rs 90
Hemant Surgical Industries IPO Equity Size
This Initial Public Issue of 2,760,000 Equity Shares of Rs.10 each for cash at a price of Rs 85 to Rs 90 per equity share aggregating to Rs.2,484 Lakh.
Hemant Surgical Industries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,760,000 Equity Shares of Rs.10/ each.
Issue Size: 2,760,000 Equity Shares of Rs.10 each, aggregating to Rs.2,484 Lakh
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Hemant Surgical Industries IPO – Live Performance
The listing date of this IPO is 5 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Hemant Surgical Industries Share Price |
Hemant Surgical Industries IPO Grey Market Premium
The Hemant Surgical Industries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Hemant Surgical Industries IPO – Company Overview
They have a diversified product portfolio ofmedical equipments and disposables catering to renal care solution, cardiovascular disease, respiratory disease, Critical Care and Radiologyand surgical disposables.
They deal in a wide range of products, which enables them to cater to a widespread customer base across India and also expand their reach in international locations like Philippines, Bangladesh, Kenya, Bhutan, Burundi, Camaroon, Congo, Nepal, Nigeria, Ivory Coast, France, Seychelles, etc.
The collaboration, agreements or authorizations awarded to their company for equipments or disposables has endowed them with greater exposure and opportunity to benefit from large consumer market in India. They provide advanced medical equipments with latest technology.
Further, they believe that they have necessary resources, experience, and network that can be customized and leveraged to cater to wider range of medical devices as per requirements of the customers. With an operating history of more than three decades, they are primarily known for their wide range of quality products at a competitive price.
Hemant Surgical Industries 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 | 6,490.79 | 5,437.59 | 4,289.84 |
| *Total Revenue | 11,149.68 | 10,577.02 | 6,065.19 |
| Total Expense | 10,143.95 | 9,965.82 | 5,913.15 |
| Profit After Tax | 765.11 | 461.40 | 114.53 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 10.28 | 8.96 | 2.22 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 765.11 Lakh, Rs. 461.40 Lakh, and Rs. 114.53 Lakh respectively.
Hemant Surgical Industries IPO – Promoters
The Promoter of this company is:
- Hanskumar Shamji Shah
- Kaushik Hanskumar Shah
- Hemant Praful Shah
List of Related Parties (Key Managerial Personnel)
- Hanskumar Shamji Shah, Chairman and Managing Director
- Kaushik Hanskumar Shah, Whole Time Director and Chief Financial Officer
- Hemant Praful Shah, Whole Time Director
- Nehal Babu Karelia, Non- Executive Director
- Sourabh Ajmera, Independent Director
Hemant Surgical Industries IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post-Issue Share Holding – 73.56%
Hemant Surgical Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 27,60,000 Equity Shares aggregating up to Rs.2,484 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,44,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 26,16,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 9,16,800 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,93,600 Equity Shares |
| Equity Shares outstanding prior to the Issue | 76,80,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,04,40,000 Equity Shares |
Hemant Surgical Industries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding Capital Expenditure towards installation of additional plant and machinery.
2. Funding to meet working capital requirements
3. General Corporate Purpose.
4. Issue expenses.
Hemant Surgical Industries IPO – Business Strategy
- Capitalise on industry tailwinds
- Focus on consistently meeting quality standards
- Deepen and expand their geographical presence.
- Strengthening up their business through effective branding, promotional and digital activities
- Focus on backward integration
Hemant Surgical Industries 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:
- They offer a diversified range of products
- Existing well established reputation and customer relationships
- Quality Assurance
- Experienced management team with industry expertise and successful track record
- Stable financial performance with improved margins
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 10.28 | 32.42 | 31.70 |
| 31-Mar-22 | 8.96 | 35.09 | 25.54 |
| Mar-21 | 2.22 | 13.42 | 16.58 |
Hemant Surgical Industries IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Hemant Surgical Industries Limited | 10 | [●] | 10.26 | 32.42 | 10,914.82 |
| Listed Peers | |||||
| Poly Medicure Ltd | 5 | 51.65 | 18.69 | 14.44 | 1,15,141.58 |
Hemant Surgical Industries 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 : Mrs. Roshni Lahoti SEBI Regn. No. INM000010981 |
Hemant Surgical Industries IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, India. Tel No.: +91 22 6263 8200 Facsimile: +91 22 6263 8299 Email: ipo@bigshareonline.com Contact Person: Mr. Vinayak Morbale Website: www.bigshareonline.com SEBI Registration Number: MB/INR000001385 |
Hemant Surgical Industries IPO – Other Details
- Statutory Auditor – A D V & Associates, Chartered Accountants
- Legal Counsel to the Company – Samisti Legal LLP
- Bankers to the Company – Bank of Baroda
Hemant Surgical Industries 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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Hemant Surgical Industries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Hemant Surgical Industries IPO Review FAQs
Check out various FAQs related to Hemant Surgical Industries IPO:
What is the Issue Size of Hemant Surgical IPO?
The Company is making an initial public offer of 2,760,000 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 Hemant Surgical IPO?
The price band for this particular IPO ranges between Rs 85 to Rs 90. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Hemant Surgical IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 24 May 2023, while the closing date is set at 26 May 2023.
What is the Hemant Surgical Industries IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 31 May 2023, refund initiation is on 1 June 2023, credit of shares is on 1 June 2023, and share listing date is on 5 June 2023.
What is the Hemant Surgical IPO Listing Date?
Shares of this company shall be listed in the exchanges on 5 June 2023. The date, when the listing would be done, is stagnant on 5 June 2023.
Who is the Registrar of Hemant Surgical IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Hemant Surgical IPO?
Here are the promoters of this IPO – Hanskumar Shamji Shah, Kaushik Hanskumar Shah, and Hemant Praful Shah. 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 Hemant Surgical 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 Hemant Surgical 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 Hemant Surgical Industries 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 765.11, 2022 is 461.40, and 2021 is 114.53.
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