Star Health Sciences IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Star Health Sciences Limited is engaged in the business of Healthcare Clinical services in the field of Ayurveda and Homeopathy. The Company, acquired the running business of a partnership firm in the name and style of M/s. Star Health Sciences in the year 2014. The said acquisition enabled their Company to pursue its vision to provide the best medical treatment in the most advanced way with the use of latest clinical knowledge and medical diagnostic avenues . Star Health Sciences IPO comprises of 12,48,000 Equity shares face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Star Health Sciences IPO release date, IPO offer price, subscription, Star Health Sciences IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Star Health Sciences IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Star Health Sciences IPO
Star Health Sciences India Limited is engaged in the business of Healthcare Clinical services in the field of Ayurveda and Homeopathy. The Company, acquired the running business of a partnership firm in the name and style of M/s. Star Health Sciences in the year 2014. The said acquisition enabled their Company to pursue its vision to provide the best medical treatment in the most advanced way with the use of latest clinical knowledge and medical diagnostic avenues . The Issue comprises of a Public Issue of 12,48,000 Equity shares of face value of Rs.10.00 each fully paid up.
From FY 2014-15 to FY 2017-2018, as per the Restated Financial Statements,
From fiscal 2018 to 2017, net profit has increased at a growth rate of 483%, respectively.
For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 1,702.21 Lakhs, Rs. 1,849.84 Lakhs and Rs. 1,941.90 Lakhs, respectively . For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 our net profit was Rs. 59.24 Lakhs, Rs. 10.16 Lakhs and Rs.18.80 Lakhs, respectively, representing a growth of 483 % from the FY 2018-17 to FY 2017-16.
Company’s Net Profit after tax for the year 2018-17 is Rs.70.35 Lakhs from the year 2017-16 of Rs. 4.32 Lakhs .
The Promoter of this company are Dr. Amda Ramakrishna, Mrs. Ratnamala Kandula, Dr. Srinivasa Gupta Kandula, Mr. Satyavarapu Syamasundara Rao and Mr. Venkatesh Satyavarapu . The lead manager to the issue is Aryaman Financial Services Limited and the Registrar to this issue is Bigshare Services Private Limited .
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Star Health Sciences IPO Date
The opening and the closing date of Star Health Sciences India Limited IPO is not known yet.
Star Health Sciences IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 | ||||
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| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Star Health Sciences IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Star Health Sciences IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Star Health Sciences IPO Equity Share Offering
12,48,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .
Star Health Sciences India Limited – Company Overview
Star Health Sciences India Limited is engaged in the business of Healthcare Clinical services in the field of Ayurveda and Homeopathy. The Company, acquired the running business of a partnership firm in the name and style of M/s. Star Health Sciences in the year 2014. The said acquisition enabled their Company to pursue its vision to provide the best medical treatment in the most advanced way with the use of latest clinical knowledge and medical diagnostic avenues.
The Company currently have 13 specialty homeopathic and ayurveda clinics / branches located in different cities of Telangana, Andhra Pradesh and Karnataka. Further the Company have a team of more than 55 doctors and 145-150 well trained staff working to give best services to our existing and new patients. They operate a wide network of clinics / branches in South-India region and they believe their brands Star Homeopathy and Star Ayurveda are strongly associated with their mission to deliver high quality healthcare services which are result oriented. The Company stand to cure, care, comfort, and last to improve quality of life.
The Company is promoted by Dr. Amda Ramakrishna, Mrs. Ratnamala Kandula, Dr. Srinivasa Gupta Kandula, Mr. Satyavarapu Syamasundara Rao and Mr. Venkatesh Satyavarapu and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Star Health Sciences India Limited :
- Experienced healthcare services provider with established presence and recognition in South India
- Ability to attract high quality doctors and medical support staff
- Customized packages for service development for individual patients
- Centralised Software for accurate documentation of case history records
- Well experienced management team with proven project management and implementation skills
Business strategies of Star Health Sciences India Limited :
- Brand Building through increased presence
- Strengthen our existing clinics / branches for increased efficiency
- Engage in R & D activities for improved treatment
- Further enhance service quality
Star Health Sciences India Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 584.93 | 496.88 | 579.17 | 464.27 | 0.63 |
| Total Revenue | 1,702.21 | 1,849.84 | 1,941.90 | 1,844.92 | – |
| Total Expense | 1,642.97 | 1,839.68 | 1,923.10 | 1,825.27 | 0.46 |
| Profit After Tax | 70.35 | 4.32 | 12.98 | 13.58 | (0.46) |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 7.04 | 0.43 | 1.30 |
From the above statements, one could find that the Star Health Sciences India Limited may perform well.
Star Health Sciences IPO – Promoters
The Promoter of this company are:
- Dr. Amda Ramakrishna
- Mrs. Ratnamala Kandula
- Dr. Srinivasa Gupta Kandula
- Mr. Satyavarapu Syamasundara Rao
- Mr. Venkatesh Satyavarapu
List of Related Parties (Key Managerial Personnel)
- Mr. Manish Kumar Shukla
- P. S. Rao and Associate
- Mr. Akkala Naveen Kumar
- Mr. Gopu Krishna Murthy
- Mr. Satyavarapu Syamasundara Rao
- Mrs. Arrk Kalyani
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Star Health Sciences IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 12,48,000 Equity Shares of Rs.10 each for cash at a price of Rs. [●] per share aggregating Rs. [●] lakhs. |
| Of which: | |
| Reserved for Market Makers | Up to 66,000 Equity Shares of Rs. 10 each for cash at a price of Rs. [●] per share aggregating Rs. [●] lakhs |
| Net Issue to the Public | Up to 11,82,000 Equity Shares of Rs.10 each for cash at a price of Rs. [●] per share aggregating Rs. [●] lakhs |
| Of which- | |
| Up to 5,91,000 Equity Shares of Rs.10 each at a price of Rs. [●] per Equity Share will be available for allocation for Investors of up to Rs.2.00 lakhs | |
| Up to 5,91,000 Equity Shares of Rs.10 each at a price of Rs. [●] per Equity Share will be available for allocation for Investors of up to Rs.2.00 lakhs | |
| Equity Shares outstanding prior to the Issue | 27,50,000 Equity Shares |
| Equity Shares outstanding after the Issue | 39,98,000 Equity Shares |
Star Health Sciences IPO Issue Object
These are the IPO Issue Objects of the company-
- Renovation and upgradation of existing Branches
- Setting up Ten new Branches in South India in the state of Telangana, Andhra Pradesh and Karnataka
- To Collaborate with Research and Development centre for R&D in Homeopathy Medicines.
- General Corporate Purpose
- Issue Related Expenses.
Star Health Sciences IPO – Basis of the 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:
- Experienced healthcare services provider with established presence and recognition in South India
- Ability to attract high quality doctors and medical support staff
- Customized packages for service development for individual patients
- Centralised Software for accurate documentation of case history records
- Transparency in the Treatment Process from inquiry stage to cure
- Well experienced management team with proven project management and implementation skills
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 7.04 | 47.90 | 1017.6 |
| 31-Mar-17 | 0.43 | 13.75 | – |
| 31-Mar-18 | 1.30 | 69.13 | – |
Star Health Sciences IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001 Tel No.: +91 – 22 – 6216 6999 Fax No.: +91 – 22 – 2263 0434 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Mr. Sumit Gupta/ Ms. Kruti Bhatt SEBI Registration No. INM000011344 |
Star Health Sciences IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel No.: +91 – 22 – 6263 8200 Fax No.: +91 – 22 – 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Srinivas Dornala SEBI Registration No.: INR000001385 |
Other Details:
- Statutory Auditor – M/s. Ramasamy Koteswara Rao & Co. LLP
- Legal Counsel to the Issue- V. V. VINOD KUMAR (ADVOCATE).
Star Health Sciences IPO Review by Top 10 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 |
Star Health Sciences IPO Grey Market Premium
The Star Health Sciences IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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