Aashka Hospitals IPO

Aashka Hospitals IPO-Fixed Price Issue

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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 nameAashka Hospitals Limited
IndustryHospital & Healthcare services
Company Websitewww.aashkahospitals.in

Aashka Hospitals IPO Details

IPO Opening DateAug 10, 2021
IPO Closing DateAug 13, 2021
Issue TypeFixed Price Issue IPO
Issue Size8,400,000 Eq Shares of ₹10
(aggregating up to ₹101.64 Cr)
Fresh Issue5,400,000 Eq Shares of ₹10
(aggregating up to ₹65.34 Cr)
Offer for Sale3,000,000 Eq Shares of ₹10
(aggregating up to ₹36.30 Cr)
Face Value₹10 per equity share
IPO Price₹121 per equity share
Market Lot1000 Shares
Min Order Quantity1000 Shares
Application amount₹121,000
Listing AtBSE SME

Company Financials

ParticularsFor the year/period ended (₹ in Lakh)
Total Assets6,508.146,004.735,405.18
Total Revenue4,069.232,725.142,772.55
Profit After Tax411.39137.91136.27

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

Company Contact Information

Aashka Hospitals Limited
Between Sargasan & Reliance Cross Road, Sargasan,
Gandhinagar – 382421
Phone: +91-7575009000
Email: cs@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

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