Incorporated in 2005, Asarfi Hospital Limited provides healthcare facilities to the people of Jharkhand. The company was started by Nayan Prakash Singh and Harendra Singh in the name of their mother Asarfi Devi.
Asarfi Hospital is a 250 bedded multi-specialty hospital offering healthcare facilities to people for nearly two decades in Dhanbad, Jharkhand. The entity is Accredited by National Accreditation Board for Testing and Calibration Laboratories (NABL Accredited).
Asarfi Hospital operates with a dedicated team of doctors who are committed to offering their expert discretion and skills. As an integrated healthcare service provider, the company is committed towards delivering valued healthcare services to patients that include prevention, treatment, and proper rehabilitation.
To further the operations of the hospital, they are impaneled with several Government Agencies, Insurance and TPA providers, and Corporate Organizations for providing regular healthcare facilities to their employees.
Asarfi Hospital Limited has departments like 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 so on.
Asarfi Hospital 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 |
Asarfi Hospital 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%) |
Asarfi Hospital IPO Timetable (Tentative)
Asarfi Hospital IPO opens on Jul 17, 2023, and closes on Jul 19, 2023.
| IPO Open Date | Monday, 17 July 2023 |
| IPO Close 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 | Wednesday, 26 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 19, 2023 |
Asarfi Hospital 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 |
| Lot Size Calculator |
Asarfi Hospital 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 |
Check Asarfi Hospital IPO Peer Comparison here.
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
Asarfi Hospital IPO Review (Apply)
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. It has posted growth in its financial performance for the reported periods. It is on an expansion spree with a cancer hospital, educational and healthcare management institute establishment. Based on its FY23 performance, the issue appears reasonably priced. This segment is witnessing market fancy. Investors may consider investment for the medium to long-term rewards. Read detail review…
Asarfi Hospital IPO Subscription Status (Bidding Detail)
The Asarfi Hospital IPO is subscribed 195.14 times on Jul 19, 2023 7:02:00 PM. The public issue subscribed 167.81 times in the retail category, 50.60 times in the QIB category, and 451.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 50.60 |
| NII | 451.62 |
| Retail | 167.81 |
| Total | 195.14 |
Total Application : 162,507 (188.74 times)
Asarfi Hospital IPO Prospectus
Asarfi Hospital IPO Listing Details
| Listing Date | Jul 26, 2023 |
| BSE Script Code | 543943 |
| NSE Symbol | |
| ISIN | INE0DN001027 |
| Final Issue Price | ₹52 per share |
Listing Day Trading Information
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹52.00 |
| ₹98.80 |
| ₹98.80 |
| ₹103.74 |
| ₹103.74 |
Company Contact Information
Asarfi Hospital Limited
Baramuri,
Bishunpur Polytechnic,
Dhanbad – 828130
Phone: +91 96088 33708
Email: cs@asarfihospital.com
Website: http://www.asarfi.in/
Asarfi Hospital IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/