Incorporated in 1989, Hemant Surgical Industries Limited is engaged in the business of manufacturing, importing, assembling, and they market a comprehensive portfolio of medical equipments and disposables.
The wide spectrum of equipments and disposables offered by the company includes:
- Renal Care
- Cardiovascular disease
- Respiratory disease
- Critical Care and Radiology
- Surgical disposables
The products processed in the assembly units of the company are imported from countries like: Japan, China France, and Australia.
Hemant Surgical Industries presently has one manufacturing unit and two assembly units. The first Manufacturing Unit is situated at Achad Industrial Estate. The company started its operations of importing and marketing of medical disposables through this unit in 1999. The other two assembling units are located at Atgaon and Bhiwandi, respectively. These two assembling units undertake the assembling of medical products and devices.
The company’s facilities are ISO 9001:2015 and ISO 13485:2016 certified. They have a fully equipped quality control department with experienced and qualified staff to facilitate smooth manufacturing and assembly line processes.
Hemant Surgical Industries IPO Details
| IPO Date | May 24, 2023 to May 26, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹85 to ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,760,000 shares (aggregating up to ₹24.84 Cr) |
| Fresh Issue | 2,760,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
Hemant Surgical Industries IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| Market Maker portion | 144,000 shares (Hem Finlease) |
Hemant Surgical Industries IPO Timetable (Tentative)
Hemant Surgical Industries IPO opens on May 24, 2023, and closes on May 26, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Wednesday, 24 May 2023 |
| Closing Date | Friday, 26 May 2023 |
| Basis of Allotment | Wednesday, 31 May 2023 |
| Initiation of Refunds | Thursday, 1 June 2023 |
| Credit of Shares to Demat | Friday, 2 June 2023 |
| Listing Date | Monday, 5 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 26, 2023 |
Hemant Surgical Industries IPO Lot Size
The Hemant Surgical Industries IPO lot size is 1600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
| Lot Size Calculator |
Hemant Surgical Industries IPO Promoter Holding
Hanskumar Shamji Shah, Kaushik Hanskumar Shah, and Hemant Praful Shah are the Promoters of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 4,289.84 | 6,065.19 | 114.53 | 836.61 | 653.38 | 1,446.35 |
| 31-Mar-22 | 5,437.59 | 10,577.02 | 461.40 | 1,298.01 | 1,114.78 | 973.80 |
| 31-Mar-23 | 6,490.79 | 11,149.68 | 765.11 | 2,359.90 | 1,591.90 | 711.92 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Company intends to utilize the proceeds of the Issue to meet the following objectives:
- Funding Capital Expenditure towards the installation of additional plant and machinery
- Funding to meet working capital requirements
- General Corporate Purpose
- Issue expenses
Company Contact Information
Hemant Surgical Industries Limited
502, 5th Floor, Ecstacy Business Park,
Co-Op Society Limited, J.S.D. Road,
Mulund (West), Mumbai – 400 080
Phone: 022-25915289/ 022- 259127
Email: cs@hemantsurgical.com
Website: http://www.hemantsurgical.com/
Hemant Surgical Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/