Asarfi Hospital Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Asarfi Hospital

CMP

65.00

+0.50 (0.78%)

₹52

Offer Price

₹ 26.94 Cr

Issue Size

₹ 1,04,000

Min Investment

2,000

Lot size

Time Line

  • 17
    Jul 2023
    Open
  • 19
    Jul 2023
    Close
  • 24
    Jul 2023
    Finalisation of Basis of Allotment
  • 25
    Jul 2023
    Initiation of Refunds
  • 26
    Jul 2023
    Transfer of Shares to Demat Account
  • 26
    Jul 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Expand its healthcare services through development of new cancer hospital.

  • Expand operations in the field of educational institutions.

  • Continue to recruit and retain skilled healthcare professionals.

  • Continue to improve quality of care and invest and employ latest technology.

  • Enhance clinical capabilities and improve operating efficiencies.

Products & Services

  • Healthcare Services

Strengths

  • Well diversified and specialty service offerings.

  • Quality healthcare services.

  • Ability to attract, train and retain quality doctors, consultants and medical support staff.

  • Track record of stable operating and financial performance and growth.

Risks

  • The hospital, Directors and Promoters are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, result of operations and financial conditions.

  • The hospital do not hold, or may not be able to prove that its hold, good title to the leasehold land situated at Ranguni, Dhanbad on which the company cancer hospital and educational institute building has been constructed.

  • The hospital is highly dependent on its healthcare professionals, including doctors, nurses that its engage on a consultancy basis, and the hospital business and financial results could be impacted if its not able to attract and retain such healthcare professionals.

  • The hospital industry is highly regulated and requires it to obtain, renew and maintain statutory and regulatory permits, accreditations, licenses and comply with applicable safety, health, environmental, labour and other governmental regulations. Any regulatory changes or violations of such rules and regulations may adversely affect its business, financial condition and results of operations.

  • The hospital ability to provide affordable healthcare depends on the maintenance of a high volume of patients, occupancy rates, managing operating & project costs and effective capital management. Any increase in such costs could adversely affect its business, financial condition and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
19.79%
Pre Holding

75.18%

Post Holding

55.39%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 65.21 (20.50%) 70.70 (8.40%) 19.16 (-)
Gross Profit 65.21 (20.50%) 70.70 (8.40%) 19.16 (-)
Net Income 65.21 (20.50%) 70.70 (8.40%) 19.16 (-)
Assets 65.21 (20.50%) 70.70 (8.40%) 19.16 (-)
Liabilities 65.21 (20.50%) 70.70 (8.40%) 19.16 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Asarfi Hospital Ltd 70.70 8.02 79.44 37.59 19.16 0.00 28.86 2.61 0.22
Shalby Ltd 804.92 67.70 1,281.36 1,281.36 7.29 6.27 86.44 5.28 0.15
Global Health Ltd 2,694.25 326.08 4,115.96 4,115.96 13.42 12.57 90.54 7.92 0.35
KMC Speciality Hospitals (India) Ltd 155.76 26.69 181.65 181.65 23.51 1.64 6.96 14.69 0.39

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

Baramuri Bishunpur Polytechnic,
,
Dhanbad - 828130
Phone : 91 9608833708 Email : cs@asarfihospital.com www.asarfi.in

Offer Related Information

Initial public offer of 51,80,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Asarfi Hospital Limited ("The Company" or "AHL" or "The Issuer") at an issue price of Rs. 52/- per equity share for cash, aggregating up to Rs. 26.94 crores ("Public Issue") out of which 2,60,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 52/- per equity share for cash, aggregating Rs. 1.35 crores was reserved for subscription by the market maker to the issue (the... More

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