Aashka Hospitals IPO is opening for subscription from 04 August 2021. The company aims for an issue size of ₹101.64 Crore through this Fixed price issue IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Aashka Hospitals Limited
Incorporated in 2012, Aashka Hospital, the Gujarat-based hospital is an integrated healthcare service provider that offers the best quality of healthcare facilities including prevention, best treatment, and rehabilitation.It serves a range of healthcare services i.e. Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more.
It serves patients with ultra-modern medicinal practices and state-of-the-art infrastructure for medical as well as surgical care solutions. Amid COVID-19, it has set up a designated COVID-19 Treatment hospital and treated 2,000+ patients.
Objects of the Issue
- Repayment/ prepayment of company’s borrowings fully or partially.
- Funding inorganic growth initiatives.
- General corporate purposes.
Competitive strengths
- Longstanding market presence and strong brand equity.
- A comprehensive range of well-diversified and specialty service offerings.
- A team of best quality medical practitioners to provide quality services.
- Certified by National Accreditation Board for Hospitals and Healthcare Providers and a part of Ayushman Bharat.
Basic details about the company
| Full name | Aashka Hospitals Limited |
| Sector | Healthcare |
| Industry | Hospital & Healthcare services |
| Company Website | www.aashkahospitals.in |
Aashka Hospitals IPO Details
| IPO Opening Date | Aug 10, 2021 |
| IPO Closing Date | Aug 13, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 8,400,000 Eq Shares of ₹10 (aggregating up to ₹101.64 Cr) |
| Fresh Issue | 5,400,000 Eq Shares of ₹10 (aggregating up to ₹65.34 Cr) |
| Offer for Sale | 3,000,000 Eq Shares of ₹10 (aggregating up to ₹36.30 Cr) |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Application amount | ₹121,000 |
| Listing At | BSE SME |
Company Financials
| Particulars | For the year/period ended (₹ in Lakh) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 6,508.14 | 6,004.73 | 5,405.18 |
| Total Revenue | 4,069.23 | 2,725.14 | 2,772.55 |
| Profit After Tax | 411.39 | 137.91 | 136.27 |
Company Promoters
- Bipinchandra Shah
Lead Managers
- Fedex Securities Limited
Aashka Hospitals IPO Registrar
Accurate Securities & Registry Private Limited
203, Shangrilla Arcade,
Above Samsung Showroom Shyamal Cross Road,
Satellite Ahmedabad – 380015, Gujarat
Phone: +91-79-48000319
Email: investor@accuratesecurities.com
Website: https://www.accuratesecurities.com/
Company Contact Information
Aashka Hospitals Limited
Between Sargasan & Reliance Cross Road, Sargasan,
Gandhinagar – 382421
Phone: +91-7575009000
Email: cs@aashkahospitals.in
Website: http://www.aashkahospitals.in/
Final thoughts
Aashka Hospitals IPO is going to hit Dalal street soon. applying for 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 a wise decision.
Happy Investing