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 name | Hemant Surgical Industries Limited |
| Sector | Healthcare |
| Industry | Medical Equipment/Supplies/Accessories |
| Company Website | http://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 date | 24 May 2023 |
| IPO Closing | 26 May 2023 |
| Basis of Allotment | 31 May 2023 |
| Initiation Refund | 01 June 2023 |
| Credit to Demat Account | 02 June 2023 |
| Listing Date | 05 June 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹24.84 Cr – 27,60,000 shares |
| Fresh Issue | ₹24.84 Cr – 27,60,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot size | 1600 Shares |
| Retail Allocation | 35% |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 59.76 | 103.57 | 109.15 |
| Expenses | 59.13 | 99.66 | 101.44 |
| Net income | 1.15 | 4.61 | 7.65 |
Valuations & Margins
| FY 2021 | FY 2021 | FY 2022 | |
| EPS | 2.22 | 8.96 | 10.28 |
| PE ratio | – | – | – |
| RONW (%) | 13.42 | 35.09 | 32.42 |
| NAV | 16.58 | 25.54 | 31.70 |
| ROCE (%) | 14.44 | 33.73 | 37.98 |
| EBITDA (%) | 5.13 | 6.05 | 9.32 |
| Debt/Equity (%) | 1.69 | 0.74 | 0.30 |
Company Promoters
- Hanskumar Shamji Shah
- Kaushik Hanskumar Shah
- Hemant Praful Shah
Promoter Holding
| Pre Issue Share Holding | 100% |
| 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
BIGSHARE SERVICES PRIVATE LIMITED
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
HEMANT SURGICAL INDUSTRIES LIMITED
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
