KK Shah Hospitals IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Oct 31, 2023Let’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
Their 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:
- DR. AMIT SHAH
- DR. KIRTI KUMAR 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 Lakh |
| Net Issue to the Public | Up to 18,48,000 Equity Shares aggregating up to Rs.831.60 Lakh |
| 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:
- Purchase of medical equipment; and
- 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 |
| 31-Mar-22 | – | – | – |
| Mar-21 | – | – | – |
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 | |||||
| NA | – | – | – | – | – |
KK Shah Hospitals IPO Lead Managers
| Lead Managers |
|
FEDEX SECURITIES PRIVATE LIMITED
SHRENI SHARES LIMITED
|
KK Shah Hospitals IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 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 Website:www.bigshareonline.com Email:ipo@bigshareonline.com 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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