Aatmaj Healthcare Limited IPO is set to launch on 19 June, 2023. The company initiated its business operations in the year 2004.Its brand name is Jupiter Hospitals and its chain of hospitals is operated under this name. Its services are provided in Vadodara and it has a capacity of 130 beds which can be further increased to 175 beds. Its experience is a total of 17000 surgeries, which includes 13000 patients in OPD.
It also offers primary check up services. Some of the tests are Lipid Profile, Haemoglobin test, Renal profile, general tests, ESR, MCV, blood sugar, MCHC, MCH, liver profile and others. Its specialisation lies in the area of Neurosurgery, Nephrology, Orthopedics, Polytrauma Care, Joint Replacement, ENT, Gynaecology, Obstetric, Plastic Surgery, Ophthalmology etc. It’s a part of the Arogyam Program of Government.
Aatmaj Healthcare Limited IPO DETAILS
Aatmaj Healthcare Limited IPO is set to launch on 19 June, 2023. The subscription timeline extends till 21 June, 2023. The size for the IPO is 38.40 Crore Rs. Shares issued through fresh issue mode are worth 38.40 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 60 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.5 and this is a Fixed Price issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Aatmaj Healthcare Limited IPO
| IPO OPENING DATE | 19 June, 2023 |
| CLOSING DATE FOR IPO | 21 June, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 5 Rs. per share |
| IPO price band | 60 Rs per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | 38.40 Crore Rs. |
| OFFER FOR SALE | No shares are issued through Offer for sale mode |
| FRESH ISSUE | 38.40 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 30 June, 2023 |
Aatmaj Healthcare Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 19 June, 2023 |
| CLOSING DATE FOR IPO | 21 June, 2023 |
| IPO ALLOTMENT DATE | 26 June, 2023 |
| REFUNDS | 27 June, 2023 |
| DEMAT A/C CREDITED ON | 29 June, 2023 |
| IPO LISTING DATE | 30 June, 2023 |
Aatmaj Healthcare Limited IPO begins for subscription from 16 June, 2023. The IPO subscription would continue till 20 June, 2023. The allotment status for the shareholders who applied would come on 26 June, 2023. The refunds for the ones who did not get allotment would be initiated on 27 June, 2023. The DEMAT accounts of shareholders would be credited on 29 June, 2023. The listing of the company would be completed on 30 June, 2023.
Aatmaj Healthcare Limited IPO : Lead Managers
The lead managers are :
- Nirbhay Capital Services Private Limited
The minimum lot size for the company is decided at 2000 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 2000 shares | 120000 Rs. |
| Maximum | 4000 shares | 240000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The Issue proceeds will be utilised for fulfilling the working capital requirements.
- The money raised will be used to pay up the borrowings of the firm. Alongside this it will also be used for acquiring new medical equipment and company expansion plans through acquisitions.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | March 2022 | Spet. 2022 | Dec. 2022 |
| ASSETS | 1719 | 2323 | 3031 |
| Revenue | 2180 | 1344 | 2047 |
| PAT | 492 | 290 | 577 |
The financials of the company look good if seen on a profit basis. Though the quarterly data is available one can see the assets increased from 1719 Lakh Rs in March to 2323 Lakh Rs in September and 3031 Lakh Rs in December. The revenue is a bit shaky from 2180 Lakh Rs in March it went to 1344 Lakh Rs in September and 2047 Lakh Rs in December telling us the March Quarter was the best among all. However the profits tell a different store. The profit of Aatmaj Hospitals was 492 Lakh Rs in March which decreased to 290 Lakh Rs in September but then increased to 577 Lakh Rs in December.
PROS
- Aatmaj Healthcare Limited has a capacity of 130 beds which can be further increased to 175 beds. Its experience is a total of 17000 surgeries, which includes 13000 patients in OPD.
- It also offers primary check up services. Some of the tests are Lipid Profile, Haemoglobin test, Renal profile, general tests, ESR, MCV, blood sugar, MCHC, MCH, liver profile and others.
- Its specialisation lies in the area of Neurosurgery, Nephrology, Orthopedics, Polytrauma Care, Joint Replacement, ENT, Gynaecology, Obstetric, Plastic Surgery, Ophthalmology etc. It’s a part of the Arogyam Program of Government.
CONS
- The company works into a very competitive segment.
Aatmaj Healthcare Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Aatmaj Healthcare Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
