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Let’s have a detailed review of the company and analytics of the KK Shah Hospitals IPO release date, IPO offer price, subscription, KK Shah Hospitals 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 45
Listing At BSE, SME
Min. Order Quantity 3000 Shares
Listing Date November 8, 2023
Offer for Sale Rs Lakh
Fresh Issue Rs 878 Lakh
IPO Size Rs 878 Lakh
Tick Size 1

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

Live Performance – KK Shah Hospitals Share Price

KK Shah Hospitals IPO – Summary

KK Shah Hospitals IPOTheir Company was originally incorporated under the name “Jeevan Parv Healthcare Limited” on August 25, 2022, under the provisions of the Companies Act, 2013, and a certificate of incorporation was issued by the Central Registration Center on September 06, 2022.

Subsequently, the Company has changed its name from “Jeevan Parv Healthcare Limited” to “KK Shah Hospitals Limited” pursuant to a special resolution passed at the Extra-Ordinary General Meeting of their Company held on September 30, 2022.

The Promoter of this company is DR. AMIT SHAH AND DR. KIRTI KUMAR SHAH. The lead manager of the issue is FEDEX SECURITIES PRIVATE LIMITED and SHRENI SHARES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.

KK Shah Hospitals IPO Date

The opening and closing dates of KK Shah Hospitals IPO are October 27, 2023 and October 31, 2023, respectively.

KK Shah Hospitals IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 27th Oct 1.99x 1.00x 1.49x
2nd Day – 30th Oct 2.98x 2.91x 2.94x
3rd Day – 31st Oct 17.75x 9.41x 13.58x
Shares Offered or Net Issue 924,000 924,000 1,950,000

The shares subscribed by the public will be updated here.

KK Shah Hospitals 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.

KK Shah Hospitals Limited IPO Listing Date

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

Basis of Allotment Finalization November 3, 2023
Refunds Initiation November 6, 2023
Credit of Shares to Demat Account November 7, 2023
Share Listing Date November 8, 2023

KK Shah Hospitals IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.45

KK Shah Hospitals IPO Equity Size

This Initial Public Issue of 1,950,000 Equity Shares of Rs.10 each for cash at a price of Rs.45 per equity share aggregating to Rs.878 Lakh.

KK Shah Hospitals IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,950,000 Equity Shares of Rs.10/ each.

Issue Size: 1,950,000 Equity Shares of Rs.10 each, aggregating to Rs.878 Lakh

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    KK Shah Hospitals IPO – Live Performance

    The listing date of this IPO is November 8, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – KK Shah Hospitals Share Price

    KK Shah Hospitals IPO Grey Market Premium

    The KK Shah Hospitals Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    KK Shah Hospitals IPO – Company Overview

    They believe that their success is attributable to what they have created over the period led by the cost-effective quality services of their Promoters as medical professionals themselves and their personal interaction with their patients.

    Over the years, they believe that they have connected with the patients and strived to establish a reputation for providing quality medical services at competitive prices.

    Their Company is a growing organization that aims at strengthening and establishing ourselves as the foremost healthcare services provider. They aim towards continuous improvement of their healthcare facilities and to achieve a level of care and quality.

    KK Shah Hospitals 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)
    30-Jun-23 31-Mar-23
    Total Assets 573.32 561.32
    *Total Revenue 162.21 214.11
    Total Expense 149.48 184.97
    Profit After Tax 9.53 21.81

    Earnings per Equity Share (in Lakh)

    30-Jun-23 31-Mar-23
    Basic & Diluted 0.20 0.45

    Further, their PAT for the period ended on Jun 30, 2023, and March 31, 2023, were Rs. 9.53 Lakh and Rs. 21.81 Lakh respectively.

    KK Shah Hospitals IPO – Promoters

    The Promoter of this company is:

    1. DR. AMIT SHAH

    List of Related Parties (Key Managerial Personnel)

    • Amit Shah, Chairman and Managing Director
    • Kirti Kumar Shah, Whole Time Director
    • Hansa Shah, Executive Director
    • Milli Shah, Executive Director

    KK Shah Hospitals IPO – Promoters Holding

    • Pre-Issue Share Holding – 100%
    • Post-Issue Share Holding – 71.36%

    KK Shah Hospitals IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 1,950,000 Equity Shares aggregating up to Rs.877.50 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 1,02,000 Equity Shares aggregating up to Rs.45.90
    Net Issue to the Public Up to 18,48,000 Equity Shares aggregating up to Rs.831.60
    Of which:
    Retail Investors Portion Not less than 9,24,000 Equity Shares
    Other than Retail Individual Investors Not more than 9,24,000 Equity Shares
     Equity Shares outstanding prior to the Issue 48,58,542 Equity Shares
     Equity Shares outstanding after the Issue 68,08,542 Equity Shares

    KK Shah Hospitals IPO Issue Object

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

    1. Purchase of medical equipment; and
    2. General corporate purposes.

    KK Shah Hospitals IPO – Business Strategy

    • Increasing efficiencies across their healthcare facilities through integration and supply chain management
    • A diverse portfolio of outpatient offerings
    • Continue to Attract and retain prominent and skilled doctors
    • Focus on Expansion of their Network

    KK Shah Hospitals 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:

    • Clinical Excellence and Affordable Healthcare;
    • Ability to attract and retain high-quality doctors, consultants and medical support staff;
    • Experienced management team with a strong execution track record; and
    • Experienced player with longstanding presence and brand recall.

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 0.45 4.28% 10.48

    KK Shah Hospitals IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    KK Shah Hospitals Limited 10 [●] 0.45 4.28% 214.11
    Listed Peers

    KK Shah Hospitals IPO Lead Managers

    Lead Managers

    KK Shah Hospitals IPO Registrar to offer

    Registrar to the Offer
    Address:-1st Floor, Bharat Tin Works Building,
    Opp. Vasant Oasis, Makwana Road,
    Marol, Andheri East, Mumbai – 400059
    Tel No.:+91-022-62638200
    Fax No.: +91-022-62638299
    Investor Grievance Email: investor@bigshareonline.com

    KK Shah Hospitals – Other Details

    • Statutory Auditor – M/s. A Y & Company, Chartered Accountants
    • Legal Counsel to the Company – M/S. ASHA AGARWAL & ASSOCIATES
    • Bankers to the Company – HDFC BANK LIMITED

    KK Shah Hospitals 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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      KK Shah Hospitals Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      KK Shah Hospitals IPO Review FAQs

      Check out various FAQs related to KK Shah Hospital:

      What is the Issue Size of KK Shah Hospitals?

      The Company is making an initial public offer of 1,950,000 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 KK Shah Hospitals?

      The price band for this particular IPO ranges between Rs 45. As far as the face value of the share is concerned, it is Rs. 10 per share.

      What is the KK Shah Hospitals IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on October 27, 2023, while the closing date is set at October 31, 2023.

      What is the KK Shah Hospitals IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 3, 2023, refund initiation is on November 6, 2023, credit of shares is on November 7, 2023, and share listing date is on November 8, 2023.

      What is the KK Shah Hospitals IPO Listing Date?

      Shares of this company shall be listed in the exchanges on November 8, 2023. The date, when the listing would be done, is stagnant on November 8, 2023.

      Who is the Registrar of KK Shah Hospitals?

      One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PVT LTD. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of KK Shah Hospitals?

      Here are the promoters of this IPO – DR. AMIT SHAH AND DR. KIRTI KUMAR 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 KK Shah Hospitals?

      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 also included in this report.

      Is KK Shah Hospitals 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 KK Shah Hospitals 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 21.81. PAT from Jun 2023 is 9.53.

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