Gandhinagar (Gujarat) [India], August 16: Aashka Hospitals Ltd. (AHL), engaged in the health care servicing segment, is coming out with a maiden IPO of 8,400,000 equity shares of Rs. 10 each with a fixed price of Rs. 121 per share to mobilize Rs. 101.64 cr. The issue comprises of fresh equity issue of 5400000 shares (Rs. 65.34 cr.) and an Offer for Sale (OFS) of 3000000 shares (Rs. 36.30 cr.). The issue opened on August 10, 2021, and will close on an extended date, August 18, 2021. The minimum application to be made is for 1000 shares and in multiples thereon after that. Post allotment, shares will be listed on BSE SME. The issue is solely lead managed by Fedex Securities Ltd. while Accurate Securities & Registry Pvt. Ltd. is the registrar to the issue. Rikhav Securities Ltd. is the market maker for this issue.
AHL is a part of Ayushman Bharat, a flagship scheme of the Government of India launched and recommended by the National Health Policy 2017 to achieve the vision of universal health coverage. It has an aggregate bed capacity of 140 beds extendable up to 200 beds. As of April 30, 2021, the company has conducted an aggregate of over 4,900 surgeries and provided healthcare services to over 65000 patients, consisting of 18000 indoor patients and 47,000 OPD patients.
According to Mr. Bipin Shah, Chairman and MD, Aashka Hospitals Ltd, “The main objectives of the issue are expansion, funding inorganic growth initiatives and for general corporate purposes”. There are so many reasons we decided to go public; the one reason is to expand and scale up the operations by raising capital through this offer. Other reasons being improving the credibility of the company and give the company a greater market visibility
Aashka has several benefits as compared to competitors viz, Well diversified and specialty service offerings; provision of quality healthcare services; multi-specialty hospital having accreditation by the NABH; ability to attract, train and retain quality doctors, consultants and medical support staff; an experienced player with long-standing presence and brand recall; presence with brand recall in Gujarat and few areas of Rajasthan as well as Madhya Pradesh; one of the most preferred hospitals for covid treatment in the state of Gujarat.
Healthcare has become one of India’s largest sectors, both in terms of revenue and employment. The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services and increasing expenditure by public and private players.
According to a recent survey, the hospital industry size is estimated to touch US$ 372 billion by 2022.
In terms of Financial Performance, the company’s revenue has grown 49%, EBITDA has grown 15%, and PAT has grown 198% in F.Y. 2020-21 from F.Y. 2019-20.
Mr. Shah added, “We have been investing significantly in the technology, equipment and infrastructure required to perform the most advanced procedures and to strengthen specialty focus. Secondly India is a very large healthcare market having very strong growth prospects and also offers significant growth opportunities for medical tourism.” The company is also focusing on Capacity addition by setting up hospitals in Tier II & Tier III towns of Gujarat, making the present facility a multi-specialty anchor hospital in the next two years, and adding 35 hospitals with 25 to 50 beds each in the next two years. All These factors will help the company excel in the field and get an edge among the peer companies.
10 thoughts on “Aashka Hospitals Ltd’s IPO to close on 18 August”
164106 730826I besides believe therefore , perfectly composed post! . 351088
694848 962033Hello fellow web master! I genuinely enjoy your site! I liked the color of your sidebar. 281487
164375 537957Good job on this post! I genuinely like how you presented your facts and how you produced it interesting and simple to realize. Thank you. 135520
861108 706973Black Ops Zombies […]some individuals nonetheless have not played this game. It is hard to imagine or believe, but yes, some folks are missing out on all of the fun.[…] 863141
492337 378702Hello! I just now would like to supply a massive thumbs up for any amazing data you can have here within this post. We are coming back to your weblog post for further soon. 323425
453054 365364Im not certain why but this weblog is loading incredibly slow for me. Is anyone else having this concern or is it a difficulty on my finish? Ill check back later and see if the dilemma nonetheless exists. 971334
WONDERFUL Post.thanks for share..more wait .. …
340468 160787Id should talk with you here. Which is not some thing I do! I spend time reading an article that could get folks to feel. Also, appreciate your permitting me to comment! 971957
597155 499773Merely wanna state that this is really beneficial , Thanks for taking your time to write this. 508499
680484 418677Do you have a spam problem on this website; I also am a blogger, and I was wanting to know your situation; many of us have created some nice procedures and we are looking to exchange methods with other folks, be sure to shoot me an email if interested. 816386