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 Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 3,729.45 | 5,439.90 | 353.43 | 4.71 | 1,689.90 | 22.54 | 1,564.95 | 713.36 |
| 31-Mar-22 | 6,270.24 | 6,619.54 | 572.84 | 7.64 | 2,262.73 | 30.18 | 2,137.78 | 1,163.31 |
| 31-Mar-23 | 9,342.71 | 7,303.26 | 801.53 | 7.58 | 4,184.26 | 28.86 | 2,734.53 | 1,720.20 |
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 Date | Jul 17, 2023 to Jul 19, 2023 |
| Listing Date | Thursday, July 27, 2023 |
| Face Value | ₹10 per share |
| Price | ₹51 to ₹52 per share |
| Lot Size | 2000 Shares |
| 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 |
| Company Promoters | Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh, Madhuri Singh and Nitu Singh |
Asarfi Hospital IPO Reservation
| Anchor Investor Shares Offered | 28.49% of the Net Issue |
| Market Maker Shares Offered | 5.02% of the Net Issue |
| QIB Shares Offered | 19.00% of the Net Issue |
| NII (HNI) Shares Offered | 14.25% of the Net Issue |
| Retail Shares Offered | 33.24% of the Net Issue |
| Total Shares Offered | 100% 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.
| Event | Date |
| Opening Date | 17 July 2023 (Monday) |
| Closing Date | 19 July 2023 (Wednesday) |
| Basis of Allotment | 24 July 2023 (Monday) |
| Initiation of Refunds | 25 July 2023 (Tuesday) |
| Credit of Shares to Demat | 26 July 2023 (Wednesday) |
| Listing Date | 27 July 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 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.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| S-HNI (Min) | 2 | 4000 | ₹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 Holding | 83.03% |
| Post Issue Share Holding | 61.17% |
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.
| KPI | Values |
| 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 Ratio | 0.41 |
Asarfi Hospital Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | Book Value (₹) |
| Asarfi Hospital Limited | Standalone | 52 | 10 | 7.58 | 12.78 | 19.16 | 28.86 |
| Peer Group | |||||||
| Shalby Limited | Standalone | 181.25 | 10 | 7.48 | 24.23 | 7.30 | 86.44 |
| Global Health Limited | Standalone | 691.10 | 2 | 12.57 | 54.98 | 13.43 | 90.54 |
| KMC Speciality Hospitals (India) Limited | Standalone | 67.41 | 1 | 1.64 | 41.10 | 23.51 | 6.96 |
Asarfi Hospital IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject 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:
link
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.
| Category | Subscription |
| QIB | 50.60x |
| NII | 451.62x |
| Retail | 167.81x |
| Total | 195.14x |
Asarfi Hospital IPO Prospectus
| Asarfi Hospital IPO DRHP | Download |
| Asarfi Hospital IPO RHP | Download |
| Asarfi Hospital IPO Anchor Investors Details PDF | Download |
Asarfi Hospital IPO Rating
| Our Rating | 3.0/5.0 |
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
E-mail: cs@asarfihospital.com
Website: www.asarfi.in
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
Email: priya@cameoindia.com
Investor Grievance Email: investor@cameoindia.com
Contact Person: K. Sreepriya Vice President & Company Secretary
Website: www.cameoindia.com
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
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
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?
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How to apply for Asarfi Hospital IPO from Zerodha?
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How to apply for Asarfi Hospital IPO from Angle One?
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