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:
- Hospitals
- Pharmacy
- Imaging centers
- 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:
- Tele/ Video Consultations
- E-Pharmacy
- E-Pathology
- 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 Date | 03 January 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 23 January 2023 |
| Renunciation of Rights Entitlements | 01 February 2023 |
| Bid/Offer Closes On | 07 February 2023 |
| Deemed Date of Allotment | 15 February 2023 |
| Credit Date | 17 February 2023 |
| Listing Date | 21 February 2023 |
Family Care Hospitals Rights Issue 2022 Details
| Issue Open | Jan 23, 2023 – Feb 7, 2023 |
| Security Name | Family 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 At | BSE |
| Terms of Payment | Total amount payable on application at Rs. 12/- per Rights Equity Share. |
| Entitlement | 127 Equity Shares for every 100 Equity Shares held on the record date |
Company Financials
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-20 | 13.26 | 0.03 | 5.01 | 9.53 |
| 31-Mar-21 | 35.37 | 4.07 | 9.07 | 5.49 |
| 31-Mar-22 | 42.38 | 5.2 | 14.24 | 4.35 |
Lead Manager(s)
- Fedex Securities Limited
Rights Issue Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
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
Email: csscandent@gmail.com
Website: http://www.scandent.in/
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
