Asarfi Hospital IPO Date Allotment, Analysis, Review, Price

The Asarfi Hospital Initial Public Offering began on July 17, 2023 and concluded on July 19, 2023 with an IPO price band set between Rs51-52.5 per share for retail investors, and 2,000 shares as the minimum investment amount per lot size.

On its inaugural day, this IPO was subscribed 1.13 times; QIBs subscribing 1.45 times while National Institutional Investors subscribing 0.52 times while retail investors subscribing 0.73 times.

Final allotment of shares should take place on July 24, 2023 and then list on BSE SME on July 27, 2023.

Asarfi Hospital IPO Date Allotment, Analysis, Review, Price

Review of the Asarfi Hospital IPO:

Positives:

  • Our business boasts an enviable track record in profitability.
  • Hospital is located in an evolving market.
  • Your company boasts an exceptional management team.

Negatives:

  • Competition from larger hospitals poses significant issues to this small hospital chain.
  • The hospital is situated in an inaccessible region.
  • Financial details about my company aren’t completely transparent.

Asarfi Hospital IPO Details: Asarfi Hospital’s Initial Public Offering will start on July 17 and close on July 19. Asarfi is an SME offering on BSE to raise an amount between Rs51 to 52 with each market lot holding 2000 shares.

About Asarfi Hospital Limited

Asarfi Hospital Limited is a 250 bedded multispecialty hospital that has been providing healthcare services in Dhanbad, Jharkhand for more than 15 years. They have earned accreditation by National Accreditation Board for Testing and Calibration Laboratories as an integrated healthcare service provider committed to offering valued prevention, treatment and rehabilitation to their patients. Asarfi has impaneled with multiple government agencies as well as corporate organizations who require regular health care coverage for employees or dependents of these organisations as well as being accepted by several insurance and TPA providers as regular providers for regular health coverage of employees or dependents of these providers for regular health coverage needs as they do provide regular health coverage at competitive prices for these needs as they also receive regular impanelments as part of service agreements or TPA providers contracts for TPA services provided regularly with these providers as part of these agreements.

There’s an old saying “when in Rome…,” well that still rings true today… Asarfi Hospital hospital located in Dhanbad, Jharkhand provides many departments/services such as Cardiology, Neurosciences, General Medicine, Paediatrics & Neonatology Obstetrics Gynaecology General Surgery Gastroenterology Orthopaedic Plastic Cosmetic Surgery Oncology Nephrology Urology Ophthalmology Ent Day Care Services Dental Physiotherapy Emergency Nutrition Anaesthesia Critical Care Radiology Pulmonology Pain Management among others. Hospital facilities at this hospital include full-fledged high-dependency units, emergency departments, outpatient consultation services, intensive care units (CCU, ICU, NICU NICU SICU Labor room Endoscopy room Neurosurgery cardiac units among many others. Diagnostic Center facilities offer laboratory imaging equipment like Open X-Ray Ultrasound CT Scans.) Hospital provides both inpatient and outpatient services across a range of Medical Surgical specialities.

Asarfi Hospital Limited was established in the name of their mother “Asarfi Devi”, to offer healthcare facilities to Jharkhandians. Their team of medical practitioners ensure that patients receive quality healthcare. Furthermore, Asarfi collaborates with Government Agencies, Companies, and Organizations by offering healthcare coverage to employees of these entities.

Asarfi Hospital IPO Dates

Asarfi Hospital will hold their initial public offering (IPO) date on July 17 and close date on July 19. Allotment date for their IPO could occur as late as July 24 with possible listing expected by July 27.

IPO Open Date:July 17, 2023
IPO Close Date:July 19, 2023
Basis of Allotment:July 24, 2023
Refunds:July 25, 2023
Credit to Demat Account:July 26, 2023
IPO Listing Date:July 27, 2023

Asarfi Hospital IPO Date & Price Band Details

IPO Open:July 17, 2023
IPO Close:July 19, 2023
IPO Size:Approx ₹26.94 Crores, 5,180,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹51 to ₹52 Per Equity Share
IPO Listing on:BSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors in IPO:Click Here

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Asarfi Hospital IPO Market Lot

Asarfi Hospital IPO minimum market lot is 2000 shares with an application amount of Rs104,000.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹104,000
Retail Maximum12000₹104,000
S-HNI Minimum24000₹208,000

Asarfi Hospital IPO Form

How Can I Submit For the Asarfi Hospital IPO? You have two ways of applying for Asarfi Hospital’s Initial Public Offering: you can either apply via ASBA available in your bank account, or download forms available from BSE website and apply directly via them. If using the former option is preferred you simply log on with online bank login and select Asarfi Hospital in Invest section while applying online via your account Invest section and follow through the registration procedure with ASBA available from ASBA available therein.

Read Also: Utkarsh Small Finance Bank IPO: Review, Price Allotment, Analysis

Asarfi Hospital Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹54.40₹49.63₹3.53
2022₹66.20₹58.49₹5.73
2023 9M₹73.03₹62.14₹8.02

Asarfi Hospital IPO Valuation – FY2022

Check Asarfi Hospital IPO Valuations Details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return On Net Worth (RoNW), and Net Asset Value (NAV).

Earning Per Share (EPS):₹7.58 per Equity Share
Price/Earning P/E Ratio:51.77
Return on Net Worth (RoNW):19.16%
Net Asset Value (NAV):₹28.86 per Equity Share
Peer GroupShalby Limited
Global Health Limited
KMC Speciality Hospitals (India) Ltd
Company PromotersHarendra Singh
Nayan Prakash Singh
Udai Pratap Singh
Madhuri Singh
Nitu Singh
Asarfi Hospital IPO Allotment StatusCheck Asarfi Hospital IPO allotment status on Cameo Corporate website URL. Click Here
Asarfi Hospital IPO Lead Managers aka Merchant BankersHem Securities Limited
Company AddressAsarfi Hospital Limited

Baramuri,
Bishunpur Polytechnic,
Dhanbad – 828130
Phone: +91 96088 33708
Email: [email protected]
Website: http://www.asarfi.in/

Asarfi Hospital IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/

Asarfi Hospital IPO FAQs

What is Asarfi Hospital IPO?

Asarfi Hospital IPO is an SME listing IPO on BSE that seeks to raise Rs26.94 Crore. They plan on pricing each equity share at between Rs51-Rs52 each and listing on BSE after this initial public offering (IPO).

When Asarfi Hospital IPO will open?

The Initial Public Offering will open for participation by QIB, NII, and Retail Investors on July 17th 2023.

What is Asarfi Hospital IPO Investors Portion?

QIB investors’ portion is 50%; National Institute of Industry is 15%; and Retail accounts for 35%.

How to Apply the Asarfi Hospital IPO?

Apply online via ASBA using your bank account; UPI through stock brokers is another viable method; alternatively you could fill out and submit an offline application form via any one of them.

How Can You Submit the Asarfi Hospital IPO Through Upstox?

Log into Upstox Application using your credentials, select Asarfi Hospital IPO from the drop down, click Bid and confirm application before going back into either UPI App on Net Banking or BHIM App to approve mandate and open Demat Account with Upstox.

What is Asarfi Hospital IPO Size?

Asarfi Hospital IPO size is ₹26.94 crores.

What is Asarfi Hospital IPO Price Band?

Asarfi Hospital IPO Price Band ranges between Rs51 to Rs52 per equity share.

What Are Asarfi Hospital IPO’s Minimum and Maximum Lot Sizes?

The IPO bid is 2000 shares with ₹104,000.

What is Asarfi Hospital IPO Allotment Date?

Asarfi Hospital IPO allotment date is July 24, 2023.

What is Asarfi Hospital IPO Listing Date?

Asarfi Hospital’s initial public offering (IPO) date has been scheduled for July 27th on BSE SME.

Conclusion

As Arfi Hospital IPO represents an attractive opportunity for investors looking to enter the healthcare sector. Boasting exceptional patient care, expansion plans, technological innovations and dedicated departments as well as commitments towards research and development – Asarfi Hospital stands a good chance of continued growth and success for years ahead.

Investors who recognize the potential of Asarfi Hospital can participate in its initial public offering (IPO), aligning themselves with a company known for exemplary healthcare delivery services and innovation.

Please be aware that the information presented herein is derived from extensive research and industry insights; however, investors are encouraged to conduct their own thorough investigation before making any investment decisions or consulting with financial advisors.

At [ Asarfi Hospital IPO ], our aim is to provide accurate and thorough information in order to assist investors with making well-informed investment choices. Stay tuned for further updates regarding Asarfi Hospital’s initial public offering as well as notable developments within healthcare.

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