Aashka Hospital IPO: GMP, Price, Dates, Issue Size 

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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 
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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 
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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) 

  1. Fedex Securities Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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