Aashka Hospitals IPO Details

Aashka Hospitals IPO Aashka Hospitals IPO description – Aashka Hospitals is certified by National Accreditation Board for Hospitals and Healthcare Providers (NABH Accredited) for tertiary and apical care level hospital in Gujarat. It is an integrated healthcare service provider.

The company is associated with companies, organizations, university and institute for providing regular healthcare check-up facilities to their employees and their post-graduation students at affordable rates. It has entered into Memorandum of Understanding with Blood Banks like M/s. Shraddhadeep Blood Bank and M/s Sanjivani Blood Bank (Vol.) and Apheresis Centre. Also, it has associations and affiliations with major insurance companies that processes insurance claims admissible under the Mediclaim policy for our patients.

Promoters of Aashka Hospitals – Bipinchandra Shah
Aashka Hospitals IPO details
Subscription Dates 10 – 24 August 2021 (issue date extended)
Price Band INR121 per share
Fresh issue 84,00,000 shares (INR101.64 crore)
Offer For Sale Nil
Total IPO size 84,00,000 shares (INR101.64 crore)
Minimum bid (lot size) 1,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
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Aashka Hospitals financial performance (in INR lakhs)

  FY2019 FY2020 FY2021  
Revenue 2,772.55 2,725.14 4,069.23  
Expenses 2,636.28 2587.23 3657.84  
Net income 136.27 137.91 411.39  
Net margin (%) 4.9 5.1 10.1  

Aashka Hospitals IPO Allotment Status

Aashka Hospitals’ IPO allotment status is now available on Accurate Securities & Registry’s website. Click on this link to get allotment status.

Valuation of Aashka Hospitals IPO (FY2021)

Earnings Per Share (EPS): INR2.29
Price/Earnings (PE ratio): 52.84
Return on Net Worth (RONW): 14.07%
Net Asset Value (NAV): INR16.25 per share

Aashka Hospitals IPO Subscription Details

Day Subscription (no. of times)
Day 1

0.12

Day 2

0.18

Day 3

0.25

Day 4

0.37

Day 5

0.57

Day 6

0.61

Day 7

0.70

Day 8

0.79

Day 9

0.99

Day 10

1.30

Aashka Hospitals Contact Details

Aashka Hospitals Limited
Between Sargasan & Reliance Cross Road Sargasan
Gandhinagar – 382421, Gujarat
Phone: +91 7575009000
Email: [email protected]
Website: www.aashkahospitals.in

Registrar of Aashka Hospitals IPO

Accurate Securities & Registry Private Limited
203, Shangrila Arcade, Above Samsung Showroom, Near Shyamal Cross Road, Satellite, Ahmedabad – 380015
Phone: +91 079 48000319
Email: : [email protected]
Website: www.accuratesecurities.com

Listing Performance of Aashka Hospitals

IPO Opening Date: 10 August 2021
IPO Closing Date: 24 August 2021
Listing Date: 1 September 2021
Opening Price on BSE SME: INR121.1 per share (up 0.08% from IPO price)
Closing Price on BSE SME: INR115.05 per share (down 4.92% from IPO price)

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