Asarfi Hospital Limited IPO is set to launch on 17 July 2023. The company initiated its business operations in the year 2005.The company works in providing hospital facilities to the Jharkhand people. The hospital is a 250 bed multi-speciality situated in Dhanbad. Asarfi Hospital has various departments like Cardiology, Day Care Services, General Medicine, Paediatrics and Neonatology, Neurosciences, Obstetrics, General Surgery, Gynaecology, Pulmonology, Gastroenterology, Nutrition and Dietetics, Urology, Oncology, Cosmetics and Plastic Surgery, ENT, Radiology, Ophthalmology, Physiotherapy, Neurotherapy, Dental, Pain Management, Critical Care, Anaesthesiology, Emergency etc.
Asarfi Hospital Limited IPO DETAILS
Asarfi Hospital Limited IPO is set to launch on 17 July, 2023. The subscription timeline extends till 19 July, 2023. The size for the IPO is 26.94 Crore Rs. Shares issued through fresh issue mode are worth 26.94 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 51 to 52 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Cameo Corporate Services Limited.
Tabular Description of Asarfi Hospital Limited IPO
| IPO OPENING DATE | 17 July, 2023 |
| CLOSING DATE FOR IPO | 19 July, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 51 to 52 Rs per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | 26.94 Crore Rs. |
| OFFER FOR SALE | No share offered through Offer for sale mode |
| FRESH ISSUE | 26.94 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 27 July, 2023 |
Asarfi Hospital Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 17 July, 2023 |
| CLOSING DATE FOR IPO | 19 July, 2023 |
| IPO ALLOTMENT DATE | 24 July, 2023 |
| REFUNDS | 25 July, 2023 |
| DEMAT A/C CREDITED ON | 26 July, 2023 |
| IPO LISTING DATE | 27 July, 2023 |
Asarfi Hospital Limited IPO begins for subscription from 17 July 2023. The IPO subscription would continue till 19 July, 2023. The allotment status for the shareholders who applied would come on 24 July, 2023. The refunds for the ones who did not get allotment would be initiated on 25 July, 2023. The DEMAT accounts of shareholders would be credited on 26 July, 2023. The listing of the company would be completed on 27 July, 2023.
Asarfi Hospital Limited IPO : Lead Managers
The lead managers are :
- Hen Securities Limited
The minimum lot size for the company is decided at 2000 shares. This holding accounts to 104000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 208000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 2000 shares | 104000 Rs. |
| Maximum | 4000 shares | 208000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 3729 | 6270 | 9342 |
| Revenue | 5439 | 6619 | 7303 |
| PAT | 353 | 572 | 801 |
Asarfi Hospital Limited had an asset base of 3729 Lakh Rs in 2021. The assets of the company increased by more than 2500 Lakh Rs to 6270 Lakh Rs in 2022. The assets again increased in the year 2023 to 9342 Lakh Rs. This means that the assets increased by more than 150% in the past 3 years. The revenue of the firm was 5439 Lakh Rs in 2021 which increased to 6619 Lakh Rs in 2022 and 7303 Lakh Rs in 2023. The profit of the firm was 353 Lakh Rs in 2021 which increased to 572 Lakh Rs in 2022 and then 801 Lakh Rs in 2023. The profit of the firm increased by 448 Lakh Rs in 3 years.
PROS
- The hospital is a 250 bed multi-speciality situated in Dhanbad.
- Asarfi Hospital has various departments like Cardiology, Day Care Services, General Medicine, Paediatrics and Neonatology, Neurosciences, Obstetrics, General Surgery, Gynaecology, Pulmonology, Gastroenterology, Nutrition and Dietetics, Urology, Oncology, Cosmetics and Plastic Surgery, ENT, Radiology, Ophthalmology, Physiotherapy, Neurotherapy, Dental, Pain Management, Critical Care, Anaesthesiology, Emergency etc.
CONS
- The company works in a highly competitive segment.
Asarfi Hospital Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Asarfi Hospital Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
