Jeena Sikho Lifecare IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Jeena Sikho Lifecare IPO release date, IPO offer price, subscription, Jeena Sikho Lifecare 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 150 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | NA |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 5550 Lakh |
| IPO Size | Rs 5550 Lakh |
| Tick Size | 1 |
Jeena Sikho Lifecare IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Jeena Sikho Lifecare IPO – Summary
Jeena Sikho Life Care Private Limited is a renowned healthcare company headquartered in Zirakpur, Punjab. Founded by Acharya Manish Ji in the year 2017, the main motive of the Company is to build a healthy India. To achieve this motive, the company is working regressively day & night.
The Company is well known for its ayurvedic branch “Shuddhi” & “Shuddhi Clinics”. Jeena Sikho Life Care is one of the leading ayurvedic healthcare system providers in India. The company is providing healthcare services for the last ten years.
The Promoter of this company is MR. MANISH GROVER & MRS. BHAVNA GROVER. The lead manager to the issue is FAST TRACK FINSEC PRIVATE LIMITED, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Jeena Sikho Lifecare IPO Date
The opening and the closing date of Jeena Sikho Lifecare IPO are Mar 30, 2022 and Apr 7, 2022.
Jeena Sikho Lifecare IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th March | 0.00x | 0.11x | 0.06x |
| 2nd Day – 31st March | 0.01x | 0.24x | 0.12x |
| 3rd Day – 1st April | 0.01x | 0.30x | 0.15x |
| 4th Day – 4th April | 0.08x | 0.45x | 0.26x |
| 5th Dy – 5th April | 0.46x | 0.63x | 0.54x |
| 6th Day – 6th April | 1.32x | 0.90x | 1.11x |
| 7th Day – 7th April | 2.80x | 1.69x | 2.25x |
| Shares Offered or Net Issue | 1,757,000 | 1,757,000 | 3,514,000 |
The shares subscribed by the public will be updated here.
Check Jeena Sikho Lifecare IPO LIVE Subscription
- Jeena Sikho Lifecare IPO LIVE Bid details on BSE
- Jeena Sikho Lifecare IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Jeena Sikho Lifecare 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.
Jeena Sikho Lifecare 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 | – |
Jeena Sikho Lifecare IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.150
Jeena Sikho Lifecare IPO Equity Size
This Initial Public Issue of 37,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.150 per equity share aggregating to Rs.5550 Lakh.
Jeena Sikho Lifecare IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 37,00,000 Equity Shares of Rs.10 each, aggregating to Rs.5550 Lakh
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Jeena Sikho Lifecare 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 – Jeena Sikho Lifecare Share Price |
Jeena Sikho Lifecare IPO Grey Market Premium
The Jeena Sikho Lifecare Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Jeena Sikho Lifecare IPO – Company Overview
Jeena Sikho Lifecare is the leading health care services provider in India. The company is also a world leader in Ayurveda with a portfolio of over 250 Herbal/Ayurvedic products.
The company also conducts various health checkup camps, yoga sessions to make people aware of their health problems.
Initially, in 2009, it was started as a “God Grace Foundation”. As the company grew, they develop a brand name called Divya Upchar. In the year 2018, they came up with their dream project i.e. Shuddhi Ayurveda. In the year 2020, for the betterment of people, they opened the first ayurvedic Panchkarma hospital in India.
The main objective of the Company is to bring Ayurveda in line with the main health care stream, picture its scientific approach in a modern & authentic manner to the world, and develop faith in its efficacy globally. The main motive behind this project was to make everyone aware of the use of Ayurveda and its products.
Jeena Sikho Lifecare 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 | 31-Mar-20 | Mar-19 | |
| Total Assets | 4,914.93 | 3,803.72 | 3,603.23 |
| *Total Revenue | 13,687.44 | 9,517.44 | 10,588.09 |
| Total Expense | 12,289.04 | 8,745.91 | 9,754.65 |
| Profit After Tax | 1,015.56 | 572.63 | 599.71 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 10.05 | 5.67 | 5.94 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 1,015.56 Lakh, Rs. 572.63 Lakh, and Rs. 599.71 Lakh respectively.
Jeena Sikho Lifecare IPO – Promoters
The Promoter of this company is:
- MR. MANISH GROVER
- MRS. BHAVNA GROVER
List of Related Parties (Key Managerial Personnel)
- Manish Grover, Managing Director
- Bhavna Grover, Whole Time Director
- Shreya Grover, Director
- Suraj Prakash Choudhary, Independent Director
- Karan Vir Bindra, Independent Director
Jeena Sikho Lifecare IPO – Promoters Holding
- Pre Issue Share Holding – 90%
- Pos Issue Share Holding – 65.86%
Jeena Sikho Lifecare IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 37,00,000 Equity Shares aggregating up to Rs.5550 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,86,000 Equity Shares aggregating up to Rs.279 Lakh |
| Net Issue to the Public | Up to 1,86,000 Equity Shares aggregating up to Rs.5271 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 17,57,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 17,57,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,01,11,192 Equity Shares |
| Equity Shares outstanding after the Issue | 1,38,11,192 Equity Shares |
Jeena Sikho Lifecare IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To repayment of the short-term loan;
2. To meet out the Working Capital requirements of the Company;
3. To meet out the General Corporate Purposes; and
4. To meet out the Issue Expenses
Jeena Sikho Lifecare – Business Strategy
- Expansion of Domestic Market
- Promotion of their brand recognition
- Moving up the Value Chain
- Further widening of their customer base
- Focus on cost management
- Focus on a cordial relationship with their customers and employees
- Experienced Promoter and Management Expertise
Jeena Sikho Lifecare 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:
- Company‟s core business
- Qualified & Experienced Team
- Customers Base
- Geographic exposure
- Competitive Advantage
- Corporate Governance
- Industry Growth Trends
- Wide Product Range
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 10.04 | 42.18 | 23.81 |
| 31-Mar-20 | 5.66 | 41.71 | 13.78 |
| Mar-19 | 5.93 | 74.95 | 7.91 |
Jeena Sikho IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | PAT (Rs. in Lakhs) | |
| Jeena Sikho Lifecare Limited | 10 | 14.43 | 10.04 | 42.18 | 1015.56 |
| Listed Peers | |||||
| Kerala Ayurveda Ltd | 10 | (14.67) | (3.50) | (142.31) | -484.40 |
Jeena Sikho Lifecare IPO Lead Managers
| Lead Managers |
| FAST TRACK FINSEC PRIVATE LIMITED SEBI Registration No.INM000012500 B-502, Statesman House, 148, Barakhambha Road, New Delhi – 110 001 Tel No.:+91 – 011-43029809 Contact Person: Mr. Vikas Kumar Verma Email: vikasverma@ftfinsec.com; investor@ftfinsec.com Website: www.ftfinsec.com |
Jeena Sikho IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED SEBI Registration No.: INR000003241 D-153 A, 1st Floor, Okhla Industrial Area, Phase – I , New Delhi-110020 Tel No: +91- 11-40450193-97; Fax No: +91-11-26812683 Contact Person: Ms. Sarita Singh Email: compliances@skylinerta.com Website: www.skylinerta.com |
Jeena Sikho IPO – Other Details
- Statutory Auditor – M/s A A Garg & Associate Chartered Accountants
- Legal Counsel to the Company – Adv. Parvindra Nautiyal
- Bankers to the Company – NA
Jeena Sikho Lifecare 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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Jeena Sikho Lifecare Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Jeena Sikho Lifecare IPO Review FAQs
Ques – What is the Issue Size of Jeena Sikho IPO?
Answer – The Company is making an initial public offer of 37,00,000 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 Jeena Sikho IPO?
Answer – The price band for this particular IPO ranges between Rs 150. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Jeena Sikho IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Jeena Sikho 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 Jeena Sikho 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 Jeena Sikho IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Jeena Sikho IPO?
Answer – Here are the promoters of this IPO – MR. MANISH GROVER & MRS. BHAVNA GROVER. 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 Jeena Sikho Lifecare 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 Jeena Sikho Lifecare 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 Jeena Sikho Lifecare 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 1,015.56, 2020 is 572.63, 2019 is 599.71.
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