Madhavbaug IPO is a medical service institution engaged in the treatment of chronic ailments like cardiac disease, diabetes, hypertension, and obesity by combining modern technology with the traditional Ayurveda practices.
Madhavbaug IPO – overview
| IPO Dates | 10-15 Feb 2022 |
| IPO Price | INR 73 per share |
| Fresh issue | 2,771,200 shares (INR 20.23 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,771,200 shares (INR 20.23 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Madhavbaug IPO – Tentative Dates
| IPO Offer Opening Date | 10 Feb 2022 |
| IPO Closing Date | 15 Feb 2022 |
| Finalization of Basis of Allotment | 18 Feb 2022 |
| Initiation of refunds | 21 Feb 2022 |
| Transfer of shares to demat accounts | 22 Feb 2022 |
| IPO Listing Date | 23 Feb 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
Madhavbaug is a medical service institution engaged in the treatment of chronic ailments like cardiac disease, diabetes, hypertension, and obesity by combining modern technology with the traditional Ayurveda practices. It uses non-invasive, multidisciplinary, and innovative therapies for treating chronic ailments. The company mainly offers treatment for (i) Health disease reversal, (ii) Diabetes Reversal, (iii) BP Management, (iv) Obesity management, Knee pain relief.
As of November 30, 2021, the company operates 274 clinics across Maharashtra, Madhya Pradesh, Gujarat, Uttar Pradesh, Goa, Karnataka, Delhi, and Chhattisgarh. Out of these 52 are company-owned and 222 are franchise clinics. The company also operates two cardiac prevention and rehabilitation hospitals in Khopoli and Nagpur respectively.
The company offers several wellness products through their online portal Madhavbaug Wellness, and has an online app called MIB Pulse App which helps heart patients.
Industry overview
The AYUSH industry is currently undergoing a significant transition. Buoyed by the growing global and domestic demand and enabled by strong support to regulatory, R&D, and backend infrastructure by the Ministry of AYUSH, the sector has shown tremendous growth in the last few years. With the current turnover of US$ 18.1 billion, the market size of the Indian AYUSH industry as a whole has grown by a CAGR of 17 % during 2014-2020 which is expected to reach a size of US$ 23.3 Bn by 2023 with a CAGR of 15 % .
There is also a strong enabling environment for AYUSH in most states of India. Several states have industrial/investment policies along with industrial hubs/clusters for AYUSH product manufacturing. States’ encouragement of raw material cultivation further facilitates value chain integration in the sector. The attractiveness of the sector lies in the fact that the trade potential is largely underutilized. It is estimated that these initiatives would bring the total production of medicinal plants in the country to 2.5 lakh tonnes where the total potential for medicinal plant cultivation in the country is estimated at 3.19 lakh tonnes. Finance Ministry also announced assistance of Rs. 4,000 crores for the promotion of medicinal plant cultivation in the country.
Strengths:
- The amalgamation of modern and ancient methods for curing diseases
- Affordable and non-invasive treatments
- Experienced leadership and well-trained team
- In-house IT platform for operational efficiency and innovations
- MIS system for better management
Objectives of the issue
- Funding Branding and Advertising expenses
- General corporate purpose.
Company Financials
| Particulars | 30-Sep-21 | 31-Mar-21 | 31-Mar-20 |
| Total Assets | 257.80 | 258.06 | 291.11 |
| Total Revenue | 315.65 | 522.79 | 752.97 |
| Profit After Tax | 13.54 | 15.47 | -5.57 |
Company Contact Information
Vaidya Sane Ayurved Laboratories Limited
Fl. 5, 1047, Shriram Bhawan,
Shukrawar Peth, Pune – 411002,
Maharashtra, India
Phone: +91 7738070019
Email: cs@madhavbaug.com
Website: https://madhavbaug.org/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- First Overseas Capital Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
