Hemant Surgical Industries IPO

Hemant Surgical Industries IPO will open for subscription from 24 May 2023. the company aims for an issue size of ₹24.84 Cr through this IPO.

About Company

Incorporated in 1989, Hemant Surgical Industries is engaged in the business of manufacturing, importing, assembling, and it’s market a comprehensive portfolio of medical equipment and disposables. Its wide range of products includes some indigenously manufactured products along with some other products that are imported from countries like Japan, China France, and Australia.

Hemant Surgical Industries’ product portfolio comprises a wide array of healthcare products and medical equipment, manufactured, assembled, or imported by its company.

  • Cardiovascular Disease
  • Respiratory Disease
  • Critical Care And Radiology
  • Surgical Disposables

Hemant Surgical Industries presently has one manufacturing unit and two assembly units.

  • Manufacturing Unit I is situated at Achad Industrial Estate – where it first started operations in 1999 and are currently manufacturing products like Dialysis solution (liquid and Powder) used in dialysis, Hot and Cold Sterilant used for cleaning dialyzer, Purified water used in rinsing and cleaning of dialysis machines and sanitizer.
  • Assembly Unit II situated at Atgaon – For assembly of various medical devices like Nebulizers, Oxygen Concentrator, Air Mattress, Digital Thermometer, Pulse Oximeters, ECG Electrodes, and Dialyzer.
  • Assembly Unit III situated at Bhiwandi – For assembly of products like Intravenous infusion sets, ECG Machines, Ultrasound Machines, Paramonitor, Ventilators, etc.

Company Overview

Full nameHemant Surgical Industries Limited
IndustryMedical Equipment/Supplies/Accessories
Company Websitehttp://www.hemantsurgical.com/

The Objective of the Issue

  • Funding Capital Expenditure towards the installation of additional plant and machinery,
  • Funding to meet working capital requirements,
  • General Corporate Purpose,
  • Issue expenses.

IPO Timetable

IPO Opening date24 May 2023
IPO Closing26 May 2023
Basis of Allotment31 May 2023
Initiation Refund01 June 2023
Credit to Demat Account02 June 2023
Listing Date05 June 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹24.84 Cr – 27,60,000 shares
Fresh Issue₹24.84 Cr – 27,60,000 shares
Offer for saleNil
Face value₹10 per share
Price Band₹85 to ₹90 per share
Lot size1600 Shares
Retail Allocation 35%
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)11600₹144,000
Retail (Max)11600₹144,000
HNI (Min)23,200₹288,000

Reservation Details

QIB Shares Offered 50%
NII (HNI) Shares Offered 15%
Retail Shares Offered 35%

Financial Performance

 FY 2021FY 2022FY 2023
Net income1.154.617.65
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2021FY 2022
PE ratio
RONW (%)13.4235.0932.42
ROCE (%)14.4433.7337.98
Debt/Equity (%)1.690.740.30

Company Promoters

  • Hanskumar Shamji Shah
  • Kaushik Hanskumar Shah
  • Hemant Praful Shah 

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Lead Manager(s)

904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra
+91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com

IPO Registrar

S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Contact Details

502, 5th Floor, Ecstacy Business Park,
Co-Op Society Limited, J.S.D. Road, Mulund (West) – 400 080
Phone: 022-25915289/ 022-25912747
E-mail: cs@hemantsurgical.com
Website: www.hemantsurgical.com

Allotment Status

Hemant Surgical IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

Final thoughts

Hemant Surgical Industries 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

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