Aatmaj Healthcare IPO will open for subscription from 19 June 2023. the company aims for an issue size of ₹38.40 Cr through this IPO.
Company Overview
| Full name | Aatmaj Healthcare Limited |
| Sector | Healthcare |
| Industry | Pharmaceuticals & Drugs |
| Company Website | https://www.jupiterhospitalvadodara.com/ |
About Company
The company is a growing organization that aims at strengthening and establishing itself as the foremost healthcare services provider. The company provides inpatient and outpatient healthcare services through its hospitals in Vadodara, Gujarat with an aggregate bed capacity of 130 beds extendable up to 175 beds. As on 31 December 2022, it had conducted an aggregate healthcare treatment, including surgeries, of over 17,000 patients, consisting of more than 4,000 patients and more than 13,000 OPD patients including Covid-19 Patients.
Aatmaj Healthcare provides inpatient and outpatient healthcare services through 4 hospitals in Vadodara, Gujarat. Its flagship hospital is based on land admeasuring about 686 square meters located at Opp. ICAI Bhavan, Sunpharma Ataladra Road, Vadodara-390012. Named Jupiter Hospital, the healthcare unit is a tertiary care hospital and has an aggregate capacity of 60 beds.
Aatmaj Healthcare provides inpatient and outpatient healthcare services through 4 hospitals in Vadodara, Gujarat. Its flagship hospital is based on land admeasuring about 686 square meters located at Opp. ICAI Bhavan, Sunpharma Ataladra Road, Vadodara-390012. Named Jupiter Hospital, the healthcare unit is a tertiary care hospital and has an aggregate capacity of 60 beds.
The Objective of the Issue
- Repayment/Prepayment in full or part of the existing secured debt of the company,
- Working Capital Requirements,
- Purchase of medical equipment for hospitals of the company and/or newly acquired or set-up hospitals,
- Acquisitions and other strategic initiatives,
- General Corporate Expenses and Issue Expenses.
Aatmaj Healthcare IPO Timetable
| IPO Opening date | 19 June 2023 |
| IPO Closing | 21 June 2023 |
| Basis of Allotment | 26 June 2023 |
| Initiation Refund | 27 June 2023 |
| Credit to Demat Account | 29 June 2023 |
| Listing Date | 30 June 2023 |
Aatmaj Healthcare IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹38.40 Cr – 6,400,000 shares |
| Fresh Issue | ₹38.40 Cr – 6,400,000 shares |
| Offer for sale | Nil |
| Face value | ₹05 per share |
| Price Band | ₹60 per share |
| Lot size | 2000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
Reservation Details
| Others Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 435.69 | 1,725.89 | 2,180.88 | 1,342.19 |
| Expenses | 454.64 | 1,280.53 | 1,496.28 | 942.33 |
| Net income | (27.03) | 412.19 | 492.07 | 290.93 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (0.50) | 7.63 | 9.11 |
| PE ratio | – | – | 6.59 |
| RONW (%) | (28.96) | 129.28 | 60.68 |
| NAV | (6.91) | 23.62 | 60.07 |
| ROCE (%) | (18.06) | 55.99 | 69.84 |
| EBITDA (%) | (23.98) | 20.99 | 28.29 |
| Debt/Equity | (7.20) | 1.03 | 0.09 |
Company Promoters
- Dr. Tushar Suvagiya
- Dr. Subhash Padmani
- Dr. Ravi Apte
Promoter Holding
| Pre Issue Share Holding | 88.89% |
| Post Issue Share Holding | – |
Lead Manager(s)
NIRBHAY CAPITAL SERVICES PRIVATE LIMITED
201, Maruti Crystal, Opp. Rajpath Club,
S.G. Highway, Bodakdev, Ahmedabad 380054, Gujarat
Phone: +91 79 48970649
Email: akshesh@nirbhaycapital.com
Website: www.nirbhaycapital.com
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +918108114949
Email: aatmajhealthcare.smeipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
AATMAJ HEALTHCARE LIMITED
“Jupiter Hospital”, Opp. ICAI Bhavan,
Sunpharma Ataladra Road, Vadodara-390012, Gujarat
Phone: +91 9714059465
E-mail: cs@jupiterhospitalvadodara.com
Website: www.jupiterhospitalvadodara.com
Allotment Status
Aatmaj Healthcare IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Aatmaj Healthcare IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
