Incorporated in 2014, Aatmaj Healthcare Limited runs multi-specialty hospitals, under the name Jupiter Hospitals, offering medical care at affordable rates.
The company provides inpatient and outpatient healthcare services through its hospitals in Vadodara, Gujarat with an aggregate bed capacity of 130 beds extendable up to 175 beds. As on December 31, 2022, they have conducted an aggregate healthcare treatment, including surgeries, of over 17,000 patients, consisting of more than 4,000 patients and more than 13,000 OPD patients including Covid-19 Patients.
The company’s primary check-up services include hemoglobin check, lipid profile, general tests, renal profile, blood sugar, MCV, ESR, MCH, MCHC, liver profile, and lipid profile.
Aatmaj Healthcare specializes in Nephrology and Uro surgery/Vascular surgery, Orthopedics, Joint replacement, Polytrauma care, Obstetric, Gynaecology, ENT, Ophthalmology, Plastic Surgery, and Neuro Surgery.
The company is a part of Ayushman Bharat-Pradhan Mantri Jan ArogyaYojana, a flagship scheme of the Government of India which was launched and recommended by the National Health Policy 2017, to achieve the vision of universal health coverage (UHC).
Aatmaj Healthcare IPO Details
| IPO Date | Jun 19, 2023 to Jun 21, 2023 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,400,000 shares (aggregating up to ₹38.40 Cr) |
| Fresh Issue | 6,400,000 shares (aggregating up to ₹38.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,200,000 |
| Share holding post issue | 22,600,000 |
| Market Maker portion | 321,000 shares Rikhav Securities |
Aatmaj Healthcare IPO Reservation
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 321,000 (5.02%) |
| Other Shares Offered | 3,039,500 (47.49%) |
| Retail Shares Offered | 3,039,500 (47.49%) |
| Total Shares Offered | 6,400,000 (100%) |
Aatmaj Healthcare IPO Timetable (Tentative)
Aatmaj Healthcare IPO opens on Jun 19, 2023, and closes on Jun 21, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Monday, 19 June 2023 |
| Closing Date | Wednesday, 21 June 2023 |
| Basis of Allotment | Monday, 26 June 2023 |
| Initiation of Refunds | Tuesday, 27 June 2023 |
| Credit of Shares to Demat | Thursday, 29 June 2023 |
| Listing Date | Friday, 30 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 21, 2023 |
Aatmaj Healthcare IPO Lot Size
The Aatmaj Healthcare IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
| Lot Size Calculator |
Aatmaj Healthcare IPO Promoter Holding
Dr. Tushar Suvagiya, Dr. Subhash Padmani, and Dr. Ravi Apte are the company promoters.
| Pre Issue Share Holding | 88.89% |
| Post Issue Share Holding | 63.72% |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 932.82 | 436.82 | -27.03 | -93.34 | -228.34 | 876.26 |
| 31-Mar-21 | 979.97 | 1,726.25 | 412.19 | 318.85 | 183.85 | 433.39 |
| 31-Mar-22 | 1,719.32 | 2,180.88 | 492.07 | 810.62 | 675.62 | 517.52 |
| 30-Sep-22 | 2,323.49 | 1,344.83 | 290.93 | 1,101.85 | 561.85 | 893.61 |
| 31-Dec-22 | 3,031.94 | 2,047.73 | 577.49 | 1,388.40 | 578.40 | 1,218.40 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 17.6 |
| Market Cap (₹ Cr.) | 135.6 |
| EPS (Rs) | 5.41 |
| RoNW | 53.67% |
Check Aatmaj Healthcare IPO Peer Comparison here.
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment/Prepayment in full or part of the existing secured debt of the company,
- Working Capital Requirements,
- Purchase of medical equipment for hospitals of the company and/or newly acquired or set-up hospitals,
- Acquisitions and other strategic initiatives,
- General Corporate Expenses and Issue expenses.
Aatmaj Healthcare IPO Review (May apply)
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players. It has posted steady growth in its top and bottom lines and the management is confident of maintaining the trends. It has plans of expansion via acquisition mode in surrounding regions. Based on its financial performance so far, the issue appears fully priced. Well-informed investors may park funds for medium to long-term rewards. Read detail review…
Aatmaj Healthcare IPO Subscription Status (Bidding Detail)
The Aatmaj Healthcare IPO is subscribed 1.26 times on Jun 20, 2023 12:49:00 PM. The public issue subscribed 2.03 times in the retail category, [.] times in the QIB category, and 0.49 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII** | 0.49 |
| Retail | 2.03 |
| Total | 1.26 |
Total Application : 3,091 (2.03 times)
**Market Maker portion is not included to NII/HNI.
Aatmaj Healthcare IPO Prospectus
Company Contact Information
Aatmaj Healthcare Limited
Jupiter Hospital, Opp. ICAI Bhavan,
Sunpharma Ataladra Road,
Vadodara – 390012
Phone: +91 9714059465
Email: cs@jupiterhospitalvadodara.com
Website: https://www.jupiterhospitalvadodara.com/
Aatmaj Healthcare IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: aatmajhealthcare.smeipo@linkintime.co.in
Website: https://linkintime.co.in/