Aashka Hospital IPO is all set to make its debut on 10th Aug 21 with 101.64 Cr is an integrated healthcare service provider that offers the best quality of healthcare facilities including prevention, best treatment, and rehabilitation.
Aashka Hospital IPO – overview
IPO Dates | 10-24 Aug 2021 |
IPO Price | INR 121 per share |
Fresh issue | 840,000 shares (INR 101.64 crore) |
Offer For Sale | Nil |
Total IPO size | 840,000 shares (INR 101.64 crore) |
Minimum bid (lot size) | 1000 shares |
Face Value | INR 10 per share |
Retail Allocation | 50% |
Listing On | BSE Emerge |
Aashka Hospital IPO – Tentative Dates
IPO Offer Opening Date | 10 Aug 2021 |
IPO Closing Date | 24 Aug 2021 |
Finalization of Basis of Allotment | 30 Aug 2021 |
Initiation of refunds | 31 Aug 2021 |
Transfer of shares to demat accounts | 31 Aug 2021 |
IPO Listing Date | 31 Aug 2021 |
Opening Price on BSE SME | Coming soon |
Closing Price on BSE SME | Coming soon |
Company Overview
Incorporated in 2012, Aashka Hospital, the Gujarat-based hospital is an integrated healthcare service provider that offers the best quality of healthcare facilities including prevention, best treatment, and rehabilitation.
Amid COVID-19, it has set up a designated COVID-19 Treatment hospital and treated 2,000+ patients.
Industry Overview
The healthcare market can increase three 2021, India’s public expenditure fold to Rs. 8.6 trillion (US$ 133.44 billion) by 2022. In Budget on healthcare stood at 1.2% as a percentage of the GDP .With increasing demand for affordable and quality healthcare, penetration of health insurance is poised to expand in the coming years. In FY21, gross written premiums in the health segment grew at 13.7% YoY to Rs. 58,584.36 crore (US$ 8.00 billion). The health segment has a 29.5% share in the total gross written premiums earned in the country.
Competitive Strengths:
- Longstanding market presence and strong brand equity.
- A comprehensive range of well-diversified and specialty service offerings.
- A team of best quality medical practitioners to provide quality services.
- Certified by National Accreditation Board for Hospitals and Healthcare Providers and a part of Ayushman Bharat.
Objectives of the issue
- Repayment/ prepayment of company’s borrowings fully or partially.
- Funding inorganic growth initiatives.
- General corporate purposes.
Company Financials
Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Total Assets | 6,508.14 | 6,004.73 | 5,405.18 |
Total Revenue | 4,069.23 | 2,725.14 | 2,772.55 |
Profit After Tax | 411.39 | 137.91 | 136.27 |
Company Contact Information
Aashka Hospitals Limited
Between Sargasan & Reliance Cross Road, Sargasan,
Gandhinagar – 382421
Phone: +91-7575009000
Email: cs@aashkahospitals.in
Website: http://www.aashkahospitals.in/
Registrar
Accurate Securities & Registry Private Limited
Phone: +91-79-48000319
Email: investor@accuratesecurities.com
Website: https://www.accuratesecurities.com/
Lead Manager(s)
- Fedex Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker