Asarfi Hospital IPO will open for subscription from 17 July 2023. the company aims for an issue size of ₹26.94 Cr through this IPO.
Company Overview
| Full name | Asarfi Hospital Limited |
| Sector | Healthcare |
| Industry | Hospital & Healthcare Services |
| Company Website | http://www.asarfi.in/ |
About Company
Asarfi Hospital was incorporated in 2005 by Nayan Prakash Singh and Harendra Singh in the name of their mother ‘Asarfi Devi’ to provide healthcare facilities to the people of Jharkhand. The NABL-accredited hospital is a 250 bedded multi-specialty healthcare facility offering healthcare facilities to people in Dhanbad, Jharkhand. Asarfi Hospital is an integrated healthcare service provider, committed to delivering valued healthcare services to patients that include prevention, treatment, and proper rehabilitation. It is impaneled with several Government Agencies, Corporate Organizations for providing regular healthcare facilities to their employees and their dependents. The company is also impaneled with several Insurance and TPA providers.
Asarfi Hospital has several departments/services like Cardiology, Neurosciences, General Medicine, Paediatrics & Neonatology, Obstetrics & Gynaecology, General Surgery, Gastroenterology, Orthopaedics Plastic Surgery & Cosmetics, Oncology, Nephrology, Urology, Ophthalmology, ENT, Day Care Services, Dental, Physiotherapy, Emergency, Nutrition & Dietetics, Anaesthesiology & Critical Care, Radiology, Pulmonology, Pain Management etc. among other healthcare services.
The Objective of the Issue
- Part Funding of Capital Expenditure of Cancer Hospital at Ranguni, Jharkhand.
- Acquiring Land on Leasehold basis for Health Management and Research Institute at Ranchi, Jharkhand
- General Corporate Purpose
IPO Timetable
| IPO Opening date | 17 July 2023 |
| IPO Closing | 19 July 2023 |
| Basis of Allotment | 24 July 2023 |
| Initiation Refund | 25 July 2023 |
| Credit to Demat Account | 26 July 2023 |
| Listing Date | 27 July 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹26.94 Cr -5,180,000 shares |
| Fresh Issue | ₹26.94 Cr -5,180,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹51 to ₹52 per share |
| Lot size | 2000 Shares |
| Market makers portion | 260,000 shares |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
e
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 54.12 | 65.21 | 70.70 |
| Expenses | 49.63 | 58.48 | 62.14 |
| Net income | 3.54 | 5.73 | 8.02 |
Valuations & Margins
s
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 4.71 | 7.64 | 7.58 |
| PE ratio | – | – | 6.73 – 6.86 |
| RONW (%) | 20.91 | 25.32 | 19.16 |
| NAV | 22.54 | 30.18 | 28.86 |
| ROCE (%) | 21.82 | 23.20 | 19.91 |
| EBITDA (%) | 14.85 | 16.54 | 19.48 |
| Debt/Equity** | 0.42 | 0.51 | 0.41 |
Company Promoters
- Harendra Singh
- Nayan Prakash Singh
- Udai Pratap Singh
- Madhuri Singh
- Nitu Singh
Promoter Holding
| Pre Issue Share Holding | 83.03% |
| Post Issue Share Holding | – |
Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
‘Subramanian Building’,
1, Club House Road,
Chennai – 600 002, Tamil Nadu
Phone: +91 – 44 – 40020700
Email: priya@cameoindia.com
Website: www.cameoindia.com
Contact Details
ASARFI HOSPITAL LIMITED
Baramuri, Bishunpur Polytechnic,
Dhanbad, Jharkhand – 828130, India
Phone: +91 96088 33708
E-mail: cs@asarfihospital.com
Website: www.asarfi.in
Allotment Status
Asarfi Hospital IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Final thoughts
Asarfi Hospital 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
