KK Shah Hospitals Limited IPO is set to launch on 27 October, 2023. The company initiated its business operations in the year 2022. It was known as Jeevan Parv Healthcare Limited. The company provides outpatient and inpatient healthcare services. It is based in Ratlam, Madhya Pradesh. The hospital has more than 26 beds in its facility. The diagnostic devices equipped inside the hospital such as DEXA scans, CT scans, BMD, X-ray machines, sonography etc. There were more than 75 to 80 surgeries conducted per month in the previous year. The company has averaged to 2200 patients per month. The co. has entered into an agreement with LIFE CARE DIET SERVICE to provide food and diet services to its patients.
KK Shah Hospitals Limited IPO DETAILS
KK Shah Hospitals Limited IPO is set to launch on 27 October, 2023. The subscription timeline extends till 31 October, 2023. The size for the IPO is 8.78 Crore Rs. Shares issued through fresh issue mode are worth 8.78 Crore Rs. No shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 45 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of KK Shah Hospitals Limited IPO
| IPO OPENING DATE | 27 October, 2023 |
| CLOSING DATE FOR IPO | 31 October, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 45 Rs per share |
| LOT SIZE | 3000 shares |
| MINIMUM ORDER QUANTITY | 3000 shares |
| ISSUE SIZE | 8.78 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 8.78 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 8 November, 2023 |
KK Shah Hospitals Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 27 October, 2023 |
| CLOSING DATE FOR IPO | 31 October, 2023 |
| IPO ALLOTMENT DATE | 3 November, 2023 |
| REFUNDS | 6 November, 2023 |
| DEMAT A/C CREDITED ON | 7 November, 2023 |
| IPO LISTING DATE | 8 November, 2023 |
KK Shah Hospitals Limited IPO begins for subscription from 27 October, 2023. The IPO subscription would continue till 31 October, 2023. The allotment status for the shareholders who applied would come on 3 November, 2023. The refunds for the ones who did not get allotment would be initiated on 6 November, 2023. The DEMAT accounts of shareholders would be credited on 7 November, 2023. The listing of the company would be completed on 8 November, 2023.
KK Shah Hospitals Limited IPO : Lead Managers
The lead managers are :
- Shreni Shares Private Limited
- Fedex Securities Private Limited
The minimum lot size for the company is decided at 3000 shares. This holding accounts to 135000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 270000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 3000 shares | 135000 Rs. |
| Maximum | 6000 shares | 270000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | Feb 2023 | ||
| ASSETS | 535 | ||
| Revenue | 118 | ||
| PAT | 16 |
KK Shah Hospitals Limited had an asset base of 535 Lakh Rs in the year 2023. The revenue of the firm was 118 Lakh Rs and it made a profit of approximately 16 Lakh Rs in the year 2023.
PROS
- The company provides outpatient and inpatient healthcare services. It is based in Ratlam, Madhya Pradesh. The hospital has more than 26 beds in its facility. The diagnostic devices equipped inside the hospital such as DEXA scans, CT scans, BMD, X-ray machines, sonography etc. There were more than 75 to 80 surgeries conducted per month in the previous year.
- The company has averaged to 2200 patients per month. The co. has entered into an agreement with LIFE CARE DIET SERVICE to provide food and diet services to its patients.
CONS
- The company works in a highly competitive segment.
KK Shah Hospitals 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 KK Shah Hospitals 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.
