Established in 2005, Asarfi Hospital Limited is a renowned healthcare provider in Jharkhand. The hospital was founded by Nayan Prakash Singh and Harendra Singh, who named it after their mother, Asarfi Devi.
As a 250-bed multi-specialty hospital, Asarfi Hospital has been serving the community of Dhanbad, Jharkhand, for almost 20 years. The hospital holds accreditation from the National Accreditation Board for Testing and Calibration Laboratories (NABL).
The hospital boasts a dedicated team of doctors who are committed to providing expert medical care. As a comprehensive healthcare provider, Asarfi Hospital focuses on offering a range of healthcare services, including prevention, treatment, and rehabilitation.
Asarfi Hospital Limited encompasses various departments such as Cardiology, General Medicine, Day Care Services, Paediatrics & Neonatology, Obstetrics & Gynaecology, Neurosciences, General Surgery, Gastroenterology, Pulmonology, Orthopaedics Plastic Surgery & Cosmetics, Nutrition & Dietetics, Oncology, Urology, Ophthalmology, Radiology, ENT, Dental, Nephrology, Physiotherapy, Emergency, Anaesthesiology & Critical Care, Pain Management, and more.
Asarfi Hospital Ltd Stock Quote #
- Open: ₹130.00
- High – Low: ₹145.75 – ₹128.50
- Previous Close: ₹127.30
- Total Traded Value: 5,12,000
- 52 Weeks High: ₹145.75 (Aug 22, 2023)
- 52 Weeks Low: ₹98.31 (Jul 31, 2023)
- Updated On: Aug 22, 2023 4:00 PM
IPO Details #
| IPO Date | Jul 17, 2023 to Jul 19, 2023 |
| Listing Date | Jul 26, 2023 |
| Face Value | ₹10 per share |
| Price | ₹51 to ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,180,000 shares (aggregating up to ₹26.94 Cr) |
| Fresh Issue | 5,180,000 shares (aggregating up to ₹26.94 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 14,497,300 |
| Share holding post issue | 19,677,300 |
| Market Maker portion | 260,000 shares Hem Finlease |
IPO Timetable (Tentative) #
Asarfi Hospital IPO opens on Jul 17, 2023, and closes on Jul 19, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Monday, 17 July 2023 |
| Closing Date | Wednesday, 19 July 2023 |
| Basis of Allotment | Monday, 24 July 2023 |
| Initiation of Refunds | Tuesday, 25 July 2023 |
| Credit of Shares to Demat | Wednesday, 26 July 2023 |
| Listing Date | Thursday, 27 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 19, 2023 |
IPO Lot Size #
The Asarfi Hospital IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
IPO Reservation #
| Anchor Investor Shares Offered | 1,476,000 (28.49%) |
| Market Maker Shares Offered | 260,000 (5.02%) |
| QIB Shares Offered | 984,000 (19.00%) |
| NII (HNI) Shares Offered | 738,000 (14.25%) |
| Retail Shares Offered | 1,722,000 (33.24%) |
| Total Shares Offered | 5,180,000 (100%) |
IPO Promoter Holding #
Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh, Madhuri Singh, and Nitu Singh are the Promoters of the company.
| Pre Issue Share Holding | 83.03% |
| Post Issue Share Holding | 61.17% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 3,729.45 | 5,439.90 | 353.43 | 1,689.90 | 1,564.95 | 713.36 |
| 31-Mar-22 | 6,270.24 | 6,619.54 | 572.84 | 2,262.73 | 2,137.78 | 1,163.31 |
| 31-Mar-23 | 9,342.71 | 7,303.26 | 801.53 | 4,184.26 | 2,734.53 | 1,720.20 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 12.78 |
| Market Cap (₹ Cr.) | 102.32 |
| ROE | 19.16% |
| ROCE | 19.91% |
| Debt/Equity | 0.41 |
| EPS (Rs) | 7.58 |
| RoNW | 19.16 |
Objects of the Issue #
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- Part Funding of Capital Expenditure of Cancer Hospital at Ranguni, Jharkhand.
- Acquiring Land on Leasehold basis for Health Management and Research Institute at Ranchi, Jharkhand
General Corporate Purpose
Subscription Status (Bidding Detail) #
The Asarfi Hospital IPO is subscribed 8.20 times on Jul 18, 2023 1:37:00 PM. The public issue subscribed 13.26 times in the retail category, 3.14 times in the QIB category, and 3.12 times in the NII category.
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.14 | 9,84,000 | 30,90,000 |
| NII** | 3.12 | 7,38,000 | 23,06,000 |
| Retail | 13.26 | 17,22,000 | 2,28,28,000 |
| Total | 8.20 | 34,44,000 | 2,82,24,000 |
Total Application : 12,679 (14.73 times)
**Market Maker portion is not included to NII/HNI.
Asarfi Hospital IPO Prospectus #
- Asarfi Hospital IPO DRHP
- Asarfi Hospital IPO RHP
- Anchor Investors in Asarfi Hospital IPO
Company Contact Information #
Baramuri,
Bishunpur Polytechnic,
Dhanbad – 828130
Phone: +91 96088 33708
Email: cs@asarfihospital.com
Website: http://www.asarfi.in/
IPO Registrar #
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
IPO Lead Manager(s) #
Frequently Asked Questions #
What is the price range for the Asarfi Hospital IPO shares? #
The price range for the Asarfi Hospital IPO shares is set at ₹51 to ₹52 per equity share.
What is the lot size for the Asarfi Hospital IPO? #
The lot size for the Asarfi Hospital IPO is 2000 shares.
What is the total issue size of the Asarfi Hospital IPO? #
The total issue size of the Asarfi Hospital IPO is 5,180,000 equity shares, aggregating up to ₹26.94 crores.
What are the objectives of the Asarfi Hospital IPO? #
The net proceeds from the IPO will be used for the part funding of capital expenditure of a cancer hospital, acquiring land on a leasehold basis for a health management and research institute at Ranchi, and other general corporate purposes.
Who are the promoters of Asarfi Hospital Limited? #
The promoters of Asarfi Hospital Limited are Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh, Madhuri Singh, and Nitu Singh.
How can investors apply for the Asarfi Hospital IPO? #
Investors can apply for the Asarfi Hospital IPO through the book-building process.
Please note that the information provided above is based on the available data and may be subject to change. For the most accurate and up-to-date information, it is advisable to refer to the official prospectus and announcements related to the Asarfi Hospital IPO.
