Asarfi Hospital IPO Details | GMP, Date, Price, Review

Asarfi Hospital IPO

Table of Contents

Asarfi Hospital IPO Details ( Asarfi Hospital Limited IPO Review )

(17 Jul 2023 – 19 Jul 2023)

Established in 2005, Asarfi Hospital Limited has been providing healthcare services to the residents of Jharkhand. Founded by Nayan Prakash Singh and Harendra Singh, the hospital is named after their mother, Asarfi Devi.

Located in Dhanbad, Jharkhand, Asarfi Hospital is a well-equipped multi-specialty facility with 250 beds. Over the past two decades, it has catered to the healthcare needs of the community. The hospital holds accreditation from the National Accreditation Board for Testing and Calibration Laboratories (NABL Accredited).

At Asarfi Hospital, a dedicated team of skilled doctors work tirelessly to provide expert medical care. The hospital takes pride in its comprehensive healthcare services, which encompass prevention, treatment, and rehabilitation.

To expand its reach, Asarfi Hospital has collaborated with various government agencies, insurance and third-party administrator (TPA) providers, as well as corporate organizations. This partnership ensures regular healthcare services for employees and beneficiaries.

Asarfi Hospital Limited comprises various specialized departments such as 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 more.

Asarfi Hospital Limited IPO Competitive Strength

  • 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

Asarfi Hospital IPO Financials Performance ( Results )

Asarfi Hospital Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of IPO Issue

  • 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 Basic Details

IPO DateJul 17, 2023 to Jul 19, 2023
Listing DateThursday, July 27, 2023
Face Value₹10 per share
Price₹51 to ₹52 per share
Lot Size2000 Shares
Issue Size5,180,000 shares
(aggregating up to ₹26.94 Cr)
Fresh Issue5,180,000 shares
(aggregating up to ₹26.94 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share holding pre issue14,497,300
Share holding post issue19,677,300
Company PromotersHarendra Singh, Nayan Prakash Singh,
Udai Pratap Singh,
Madhuri Singh and Nitu Singh

Asarfi Hospital IPO Reservation

Anchor Investor Shares Offered28.49% of the Net Issue
Market Maker Shares Offered5.02% of the Net Issue
QIB Shares Offered19.00% of the Net Issue
NII (HNI) Shares Offered14.25% of the Net Issue
Retail Shares Offered33.24% of the Net Issue
Total Shares Offered100% of the Net Issue

Asarfi Hospital IPO Timetable

Asarfi Hospital IPO will open on July 17, 2023 and close on July 19, 2023. You can join Asarfi Hospital IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date17 July 2023 (Monday)
Closing Date19 July 2023 (Wednesday)
Basis of Allotment24 July 2023 (Monday)
Initiation of Refunds25 July 2023 (Tuesday)
Credit of Shares to Demat26 July 2023 (Wednesday)
Listing Date27 July 2023 (Thursday)
Deadline for UPI mandate confirmation5 PM on 19 July 2023

Asarfi Hospital IPO Lot Size

For retail investors in Asarfi Hospital IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹104,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹104,000.

Retail (Min)12000₹104,000
Retail (Max)12000₹104,000
S-HNI (Min)24000₹208,000

Asarfi Hospital IPO Promoter Holding

The company’s promoters include Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh, Madhuri Singh and Nitu Singh.

Pre Issue Share Holding83.03%
Post Issue Share Holding61.17%

Asarfi Hospital Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)102.32
Earning Per Share (EPS)₹7.58 per Equity Share
Net Asset Value (NAV)₹28.86 per Equity Share
P/E Ratio (P/E) (x)12.78
Return on Net Worth (RoNW) (%)19.16
Return on equity (ROE) (%)19.16
Return on Capital Employed (ROCE) (%)19.91
Debt/Equity Ratio0.41

Asarfi Hospital Ltd Peer Comparison

Company NameConsolidated/
Value (₹)
Asarfi Hospital
Peer Group
Shalby LimitedStandalone181.25107.4824.237.3086.44
Global Health
KMC Speciality
(India) Limited

Asarfi Hospital IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
19 July 2023₹32
18 July 2023₹11
17 July 2023₹11
16 July 2023₹10
15 July 2023₹10

Asarfi Hospital IPO Detail Video:


Asarfi Hospital IPO Subscription Status (Bidding Detail)

The Asarfi Hospital IPO on July 19, 2023 at 7:29:00 PM was subscribed 195.14 times, with the retail category being subscribed 167.81 times, the NII (Non-Institutional Investor) category being subscribed 451.62 times and the QIB (Qualified-Institutional Buyers) category being subscribed 50.60 times.


Asarfi Hospital IPO Prospectus

Asarfi Hospital IPO DRHPDownload
Asarfi Hospital IPO RHPDownload
Asarfi Hospital IPO Anchor Investors Details PDFDownload

Asarfi Hospital IPO Rating

Our Rating3.0/5.0

Asarfi Hospital Company Contact Information

Asarfi Hospital Limited

Registered Office: Baramuri, Bishunpur Polytechnic, Dhanbad, Jharkhand – 828130, India
Contact Person: Seepika Gupta, Company Secretary & Compliance Officer
Tel No: +91 96088 33708
Promoters of our Company: Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh,
Madhuri Singh and Nitu Singh

Asarfi Hospital IPO Registrar

Cameo Corporate Services Limited

Address: No.1 Club House Road Chennai-600002 Tamil Nadu, India.
Tel No.: +91-44-40020700
Investor Grievance Email:
Contact Person: K. Sreepriya Vice President & Company Secretary
SEBI Registration Number: INR000003753

Asarfi Hospital IPO Lead Manager

Hem Securities Limited

Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Tel. No.: +91- 022- 49060000; Fax No.: +91- 022- 22625991
Investor Grievance Email:
Contact Person: Mr. Akun Goyal
SEBI Registration Number: INM000010981

Asarfi Hospital IPO FAQs

What is the lot size of Asarfi Hospital IPO?

The total size of Asarfi Hospital IPO is ₹26.94 crores and this is a complete fresh Issue.

When will Asarfi Hospital IPO start?

Asarfi Hospital IPO will open from 17 July 2023 and IPO will close on 19 July 2023.

What is the open date of Asarfi Hospital IPO?

Asarfi Hospital IPO will open date from 17 July 2023.

What is the last date ( close date ) of Asarfi Hospital IPO?

Asarfi Hospital IPO will close from 19 July 2023.

What is the price band of Asarfi Hospital IPO?

Asarfi Hospital IPO price band is ₹51 to ₹52. ( Upper Price Band: ₹52, Lower Price Band: ₹51 )

What is the minimum amount required to apply for Asarfi Hospital IPO?

The minimum investment for retailers to apply for Asarfi Hospital IPO is ₹104,000 and the maximum investment is ₹104,000.

What is going on gray market premium of Asarfi Hospital IPO?

View gray market premium of Asarfi Hospital IPO by Clicking Here

How much is the GMP of Asarfi Hospital IPO?

Watch Asarfi Hospital IPO GMP Today: Click Here

What is the allotment date of Asarfi Hospital IPO?

The allotment date of Asarfi Hospital IPO is 24 July 2023.

How to check allotment status in Asarfi Hospital IPO?

To check the allotment status of Asarfi Hospital IPO, first of all go to the registrar website by clicking here, select your bad Asarfi Hospital IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Asarfi Hospital IPO?

The listing date of Asarfi Hospital IPO is 27 July 2023.

How much will be the listing gain in Asarfi Hospital IPO?

View listing gain of Asarfi Hospital IPO by Clicking Here

How much time Asarfi Hospital IPO is subscribed?

Total 195.14 times subscribed in Asarfi Hospital IPO out of which 167.81 times subscription was done in retail quota, 451.62 times subscription in NII quota and 50.60 times subscription in QIB quota.

How to apply for Asarfi Hospital IPO from Upstox?

Click Here to see how to apply for Asarfi Hospital IPO from Upstox. (step by step)

How to apply for Asarfi Hospital IPO from Zerodha?

Click Here to see how to apply for Asarfi Hospital IPO from Zerodha. (step by step)

How to apply for Asarfi Hospital IPO from Angle One?

Click Here to see how to apply for Asarfi Hospital IPO from Angle One. (step by step)

Leave a Reply

Your email address will not be published. Required fields are marked *