Hi Gujarat
Menu
  • Home
  • Business
  • Lifestyle
  • Health
  • Education
  • National
  • PR
Menu

Aashka Hospitals Ltd’s IPO to close on 18 August

Posted on August 16, 2021 by Hi Gujarat Webdesk

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.

1 thought on “Aashka Hospitals Ltd’s IPO to close on 18 August”

  1. Hlalaemurneja says:
    June 22, 2022 at 2:10 pm

    generic pregabalin 75 mg

Leave a Reply Cancel reply

Your email address will not be published.

Recent Posts

  • Utkarsh Saxena is all geared up for Tum Bhi Pachtaoge featuring Mohd Sharia
  • Satish Reddy, Director, World News Network to Promote Investors and startups in India
  • Billionaire and the Royal lineage Shaji Ul Mulk’s daughter, Princess Sania Mulk marries US-based Bilal Khalid Ahmed in a lavish wedding ceremony
  • Testronix Sets a benchmark for Manufacturing High Quality Testing Instruments  
  • Arindam Chaudhuri predicts Pathaan will have a 500cr worldwide weekend and suggests Shah Rukh Khan should invest money into a China Marketing strategy!

Recent Comments

  • melurry on HDFC Bank Unite, creates a buzz with SantaCause
  • 에그벳계열 on MilesWeb Announces the Biggest Black Friday Deals on Web Hosting with a Free Domain
  • 노래방 구직 on Google Rolled out RCS Messaging in India I Here’s Why Brands Need to ADOPT It
  • melurry on Kudo in the Olympics is the dream of this martial arts exponent
  • proxy generator discord bot on MilesWeb Announces the Biggest Black Friday Deals on Web Hosting with a Free Domain

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020

Categories

  • A
  • Business
  • Design
  • Education
  • English
  • Entertainment
  • Health
  • Hindi
  • Lifestyle
  • National
  • Press Release
  • Sports
  • Technology
  • Uncategorized
  • World
  • एजुकेशन
  • गुजरात
  • नेशनल
  • बिज़नस
  • लाइफस्टाइल
  • हेल्थ

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
©2023 Hi Gujarat | WordPress Theme by Superbthemes.com