Family Care Hospitals Rights Issue

Family Care Hospitals Rights Issue

Family Care Hospitals Rights Issue will open for subscription from 23 January 2023. the company aims for an issue size of ₹48.92 Crores through this rights Issue.

About the company

Incorporated in 1994, Family Care Hospitals Limited is currently operating a hospital under the name of “Family Care Hospitals” at Mira Road East, Thane, Maharashtra. The company also has nine operating imaging centers across the Mumbai Metropolitan region where they provide scanning solutions to ENT and Dental healthcare professionals.

Family Care Hospitals is offering quality medical services to all patients. For more convenience, they offer value-added services like home collection of specimens, house calls, and various other service delivery or access modes for tests and thereafter access to reports.

Family Care Hospitals is currently offering its service under the following segments:

  1. Hospitals
  2. Pharmacy
  3. Imaging centers
  4. New Generation Healthcare & Support Services

The company focuses to work and establishing a credible brand for its service offerings in the Mumbai Metropolitan Region (MMR).

The entity also has a mobile application known as ‘Family Care’, a website, and tele-based communication channels via which they are extending their healthcare services in the Mumbai Metropolitan Region including:

  1. Tele/ Video Consultations
  2. E-Pharmacy
  3. E-Pathology
  4. Home care (nursing support and doctor visits)

Objectives of the Issue

  • Business Development, Sales, Branding, and Marketing Expenses;
  • To meet working capital requirements;
  • General Corporate Purposes

Rights Issue Timetable

Record Date03 January 2023
Credit of Rights Entitlements
Bid/Offer Opens On23 January 2023
Renunciation of Rights Entitlements01 February 2023
Bid/Offer Closes On07 February 2023
Deemed Date of Allotment15 February 2023
Credit Date17 February 2023
Listing Date21 February 2023

Family Care Hospitals Rights Issue 2022 Details

Issue OpenJan 23, 2023 – Feb 7, 2023
Security NameFamily Care Hospitals Limited
Issue Size (Shares)40,767,000
Issue Size (Amount)₹48.92 Crores
Issue Price₹12 per share
Face Value₹10 per share
Listing AtBSE
Terms of PaymentTotal amount payable on application at Rs. 12/- per Rights Equity Share.
Entitlement127 Equity Shares for every 100 Equity Shares held on the record date

Company Financials

Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
(Amount in ₹ Crore)

Lead Manager(s)

  • Fedex Securities Limited

Rights Issue Registrar

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761

Company Contact Information

Family Care Hospitals Limited
Plot A-357, Road No. 26,
Wagle Industrial Estate, MIDC,
Thane (West) – 400604

Phone: +91 022-4184 2201

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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