KK Shah Hospitals IPO is a fixed price issue of Rs 8.78 crores. The issue is entirely a fresh issue of 19.5 lakh shares.
KK Shah Hospitals IPO opens for subscription on October 27, 2023 and closes on October 31, 2023. The allotment for the KK Shah Hospitals IPO is expected to be finalized on Friday, November 3, 2023. KK Shah Hospitals IPO will list on NSE SME with tentative listing date fixed as Wednesday, November 8, 2023.
KK Shah Hospitals IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.
Fedex Securities Pvt Ltd and Shreni Shares Private Limited are the book running lead managers of the KK Shah Hospitals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for KK Shah Hospitals IPO is Rikhav Securities.
Refer to KK Shah Hospitals IPO DRHP for detailed information.
KK Shah Hospitals IPO Details
| IPO Date | October 27, 2023 to October 31, 2023 |
| Listing Date | [8 November 2023] |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,950,000 shares (aggregating up to ₹8.78 Cr) |
| Fresh Issue | 1,950,000 shares (aggregating up to ₹8.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,858,542 |
| Share holding post issue | 6,808,542 |
| Market Maker portion | 102,000 shares Rikhav Securities |
KK Shah Hospitals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
KK Shah Hospitals IPO Timeline (Tentative Schedule)
KK Shah Hospitals IPO opens on October 27, 2023, and closes on October 31, 2023.
| IPO Open Date | Friday, October 27, 2023 |
| IPO Close Date | Tuesday, October 31, 2023 |
| Basis of Allotment | Friday, November 3, 2023 |
| Initiation of Refunds | Monday, November 6, 2023 |
| Credit of Shares to Demat | Tuesday, November 7, 2023 |
| Listing Date | Wednesday, November 8, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 31, 2023 |
KK Shah Hospitals IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
| Lot Size Calculator |
KK Shah Hospitals IPO Promoter Holding
Dr. Amit Shah and Dr. Kirti Kumar Shah are the Promoters of the Company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 71.36% |
About KK Shah Hospitals Limited
Incorporated in 2022, KK Shah Hospitals Limited, previously known as Jeevan Parv Healthcare Limited, provides inpatient and outpatient healthcare services through its hospital in Ratlam, Madhya Pradesh.
Dr. Kirti Kumar Shah, one of the promoters of the company, started a clinic in 1976 in Ratlam. Subsequently, a nursing home in 1991 under the name Shah Maternity and Nursing Home. After that, Dr. Kirti Kumar Shah expanded his services by setting up a hospital named Shah Hospital and roped in renowned doctors. In December 2022, KK Shah Hospitals acquired M/s Shah Hospital (formerly known as Shah Maternity and Nursing Home), vide Business Transfer Agreement.
KK Shah Hospital has over 26 beds for in-patient and out-patient treatment and is equipped with diagnostic devices such as CT scans, DEXA scans, BMD, sonography, and X-ray machines. The company conducted over 75-80 surgeries per month (consisting of over 30 orthopedics, 15 gynecologists, 25 general surgery, 10 dental & other branches) during the FY 2021-22 and also during the period starting from 1st April 2022 to 15th February, 2023 and provided healthcare services to an aggregate of approx. 2,200-2,350 patients per month, consisting of approx. 200-250 Indoor Patients per month and approx. 2000-2100 Outpatient per month. The hospital has recorded a bed occupancy ratio of approx. 27.67% in the month of December 2022 and an average IPD of approx. 7.19 patients per day in the month of December 2022.
On January 28, 2023, the company entered into an agreement with M/s. Life Care Diet Service to provide food services to its patients and a cafeteria for the attendants in the hospital.
The company is a member of the Biomedical Waste Management System, Ratlam for the disposal of biomedical waste. It is also certified by the National Accreditation Board for Hospitals and Healthcare Providers (NABH Accredited) as a primary-level small healthcare organization in Madhya Pradesh.
KK Shah Hospitals Limited Financial Information (Restated)
| Period Ended | 15 Feb 2023 |
| Assets | 535.09 |
| Revenue | 118.37 |
| Profit After Tax | 15.79 |
| Net Worth | 503.20 |
| Reserves and Surplus | 17.35 |
| Total Borrowing | |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 100 |
| EPS (Rs) | 0.45 |
| RoNW | 4.28% |
Check KK Shah Hospitals IPO Peer Comparison here.
Objects of the Issue (KK Shah Hospitals IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Purchase of medical equipment.
- General corporate purposes.
KK Shah Hospitals Limited Contact Details
KK Shah Hospitals Limited
124, Katju Nagar,
Swastik APP.,
Ratlam-457001
Phone: 07412230199
Email: info@shahhospitalratlam.com
Website: http://shahhospitalratlam.com/
KK Shah Hospitals IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html