IPO Details
Bidding Dates
16 Jul '23 - 18 Jul '23
Minimum Investment
₹104,000 / 1 Lots (2000 Shares)
Price Range
₹51 - ₹52
Maximum Investment
₹104,000 / 1 Lots (2000 Shares)
Retail Discount
Not Applicable
Issue Size
₹26.94 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jul 16, 2023
IPO Closing Date
Jul 18, 2023
Basis of Allotment
Jul 23, 2023
Initiation of Refunds
Jul 24, 2023
Credit of Shares to Demat Account
Jul 25, 2023
IPO Listing Date
Jul 26, 2023
UPI Mandatory Expiry Date
Jul 18, 2023
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Jul 16, 2023 |
3.14 | 0.64 | 2.96 | 2.52 |
Day 2Jul 17, 2023 |
3.15 | 11.13 | 29.45 | 18.01 |
Day 3Jul 18, 2023 |
50.60 | 451.62 | 167.81 | 195.14 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 50.60 |
| Non-Institutional Buyers | 451.62 |
| Retail Investors | 167.81 |
| Total | 195.14 |
About Company
Established in 2005, Asarfi Hospital provides healthcare facilities in Jharkhand. It is a 250 bedded multi-speciality hospital accredited by National Accreditation Board for Testing and Calibration Laboratories (“NABL Accredited”).
Asarfi Hospital, located at Dhanbad, Jharkhand, has several departments like General Surgery, Neurosciences, Oncology, Cardiology, Pulmonology, Paediatrics & Neonatology, Dental, Nephrology, General Medicine, Obstetrics & Gynaecology, Urology, Gastroenterology, Orthopaedics Plastic Surgery & Cosmetics, ENT, Ophthalmology, Day Care Services, Emergency, Nutrition & Dietetics, Physiotherapy, Radiology, Pain Management, Anaesthesiology & Critical Care, etc. among other healthcare services. They also have a full-fledged Emergency Department, high-dependency unit, Outpatient consultation, ICU, CCU, NICU, SICU, Labor room, etc.
Asarfi Hospital is associated with several companies and Government agencies like Coal India, Punjab National Bank, and more to provide medical services. It is also in plans to build a cancer hospital and a Health Management and Research Institute at Ranchi.
Asarfi Hospital Limited IPO Details
Asarfi Hospital is a 100% fresh IPO worth ₹26.94 crore. The issue comprises 51,80,000 shares and is priced at ₹51 to ₹52 per share. Retail investors can bid for the Asarfi Hospital Limited IPO, which will open on July 17, 2023. Asarfi Hospital Limited’s IPO will list on the BSE exchange on July 27, 2023.
Asarfi Hospital Limited IPO Objectives
The objectives of Asarfi Hospital Limited's IPO are listed below:
- To fund the capital expenditure of the Cancer Hospital at Ranguni, Jharkhand.
- To acquire land on lease for the Health Management and Research Institute at Ranchi.
- To meet the general corporate purposes.
Noteworthy Highlights of Asarfi Hospital Ltd
- Asarfi Hospital Ltd is a multi-speciality hospital in Jharkhand that has several departments and has been in service for more than one and a half decades.
- They are associated with Government agencies, companies and organisations for providing healthcare facilities to their employees and their dependents.
Peer Details
Asarfi Hospital faces competition from players operating in the same region and localities. Their main competition is from providers who offer secondary and tertiary healthcare services across specialities.
Company Financials
| Particulars | Period ending on March 31, 2023 (₹ lakh) | Period ending on March 31, 2022 (₹ lakh) | Period ending on March 31, 2021 (₹ lakh) |
|---|---|---|---|
| Total Revenue | 7,303.26 | 6,619.54 | 5,439.90 |
| Profit After Tax (PAT) | 801.53 | 572.83 | 353.43 |
| Net Worth | 4,184.26 | 2,262.73 | 1,689.90 |
| Earnings Per Share | 7.58 | 7.64 | 4.71 |
| Total Borrowings | 1,720.20 | 1,163.31 | 713.36 |
Know before investing
Strengths
2-
The company provides facilities to third-party companies, insurance companies, and Government organisations, which helps them generate a significant portion of revenue.
-
The company has doubled its profit after tax from ₹353.43 on March 31, 2021, to ₹801.53 on March 31, 2023.
Risks
2-
The company’s revenue is highly dependent on a single hospital in Jharkhand. Any economic or political changes can impact the business.
-
Previously, the company’s Group Company, Asap Impact Private Limited, has defaulted on the repayment of a loan.
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Asarfi Hospital Ltd IPO FAQs
The Asarfi Hospital Ltd IPO contains 100% fresh IPO worth ₹26.94 crore. The issue comprises 51,80,000 shares and is priced at ₹51 to ₹52 per share. The IPO will open on July 17, 2023.
The Basis of Allotment will happen on Monday, July 24, 2023.
The IPO subscription window will open on July 17 2023.
Retail investors can apply for a minimum of one lot, which consists of 2,000 shares.
Asarfi Hospital Ltd IPO will list on the BSE exchange on Thursday, July 27, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Thursday, July 27, 2023, for Asarfi Hospital Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
