Hemant Surgical Industries Limited IPO is set to launch on 24 May, 2023. The company initiated its business operations in the year 1989. It deals into importing, manufacturing, marketing and assembling a varied range of products of medical equipment and disposables. Its product portfolio is divided into further groups like Renal Care, Respiratory Disease, Cardiovascular Disease, Surgical Disposables and Critical care & Radiology.
Its imports are made from China, Japan, Australia and France. Later on they are assembled at its assembling facilities in Bhiwandi and Atgaon. Its manufacturing unit is located at Achhad Industrial Estate.
Hemant Surgical Industries Limited IPO DETAILS
Hemant Surgical Industries Limited IPO is set to launch on 24 May., 2023. The subscription timeline extends till 26 May, 2023. The size for the IPO is 24.84 Crore Rs. Shares issued through fresh issue mode are worth 24.84 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 85 to 90 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Hemant Surgical Industries Limited IPO
| IPO OPENING DATE | 24 May ., 2023 |
| CLOSING DATE FOR IPO | 26 May, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 85 to 90 Rs per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | 24.84 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode. |
| FRESH ISSUE | 24.84 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 5 June, 2023 |
Hemant Surgical Industries Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 24 May., 2023 |
| CLOSING DATE FOR IPO | 26 May., 2023 |
| IPO ALLOTMENT DATE | 31 May., 2023 |
| REFUNDS | 1 June., 2023 |
| DEMAT A/C CREDITED ON | 2 June., 2023 |
| IPO LISTING DATE | 5 June., 2023 |
Hemant Surgical Industries Limited IPO begins for subscription from 24 May., 2023. The IPO subscription would continue till 26 May., 2023. The allotment status for the shareholders who applied would come on 31 May., 2023. The refunds for the ones who did not get allotment would be initiated on 1 June., 2023. The DEMAT accounts of shareholders would be credited on 2 June., 2023. The listing of the company would be accompanied on 5 June., 2023.
Hemant Surgical Industries Limited IPO : Lead Managers
The lead managers are :
- Hem Securities Limited
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 144000 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 288000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1600 shares | 144000 Rs. |
| Maximum | 3200 shares | 288000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The Issue proceeds will be utilised for fulfilling the working capital requirements.
- The IPO Money will be used for expansion of the manufacturing facility.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 4289 | 5437 | 6491 |
| Revenue | 6065 | 10577 | 11150 |
| PAT | 114 | 461 | 765 |
Hemant Surgical Industries Limited had an asset base of 4289 Lakh Rs in 2020 which increased to 5437 Lakh Rs in 2021 and 6491 Lakh Rs in 2022. The revenue of the firm was 6065 Lakh Rs in 2020 which boosted to 10577 Lakh Rs in 2021 and 11150 Lakh Rs in 2022. The company’s profits were 114 Lakh Rs in 2020, 461 Lakh Rs in 2021 and 765 Lakh Rs in 2022. The financials of the firm seem to be growing at a great percentage rate. This is not only visible in the revenue but also in the asset base and profitability of the firm.
PROS
- Hemant Surgical Industries Limited’s product portfolio is divided into further groups like Renal Care, Respiratory Disease, Cardiovascular Disease, Surgical Disposables and Critical care & Radiology.
- Its imports are made from China, Japan, Australia and France. Later on they are assembled at its assembling facilities in Bhiwandi and Atgaon. Its manufacturing unit is located at Achhad Industrial Estate.
CONS
- The company works into a very competitive segment.
Hemant Surgical Industries 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 link present in the Portfolio section.
- Click the Hemant Surgical Industries 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.
