Asarfi Hospital Limited will be offering equity shares through a book built issue as part of their upcoming Initial Public Offering (IPO). The IPO is scheduled to take place from July 17 to July 19, 2023. The issue price for each share is set in the range of ₹51 to ₹52. Interested investors can place a minimum order quantity of 2000 shares.
With a face value of Rs. 10, the IPO will include the sale of 5,180,000 shares. This offering has the potential to generate up to ₹26.94 crore in funds for Asarfi Hospital Limited. Let’s learn more about their initial public offering scheduled for July of 2023.
About Asarfi Hospital Limited
Established in 2005, Asarfi Hospital Limited has been serving the healthcare needs of the people of Jharkhand. Founded by Nayan Prakash Singh and Harendra Singh in honor of their mother, Asarfi Devi, the hospital has become a trusted name in Dhanbad.
With 250 beds and NABL accreditation, Asarfi Hospital is a renowned multi-specialty facility. Their dedicated team of doctors provides expert care and focuses on prevention, treatment, and rehabilitation. The hospital collaborates with government agencies, insurance providers, TPAs, and corporate organizations to offer regular healthcare services to employees.
Asarfi Hospital boasts various departments, including Cardiology, General Medicine, Pediatrics & Neonatology, Obstetrics & Gynecology, Neurosciences, General Surgery, and many more. From emergency care to critical care, the hospital provides comprehensive medical services to meet diverse patient needs.
Asarfi Hospital Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 17th July 2023 |
| Issue Closes | 19th July 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 51 to Rs 52 Per Share |
| Issue Size | 5,180,000 Shares (Rs 26.94 crores) |
| Minimum Order Quantity | 2000 Shares |
| Listing | BSE, SME |
Purpose of the Issue
The Company’s proposed utilization of funds includes:
- Part Funding of Capital Expenditure of Cancer Hospital at Ranguni, Jharkhand.
- Acquiring Land on Leasehold basis for Health Management and Research Institute at Ranchi, Jharkhand.
- General corporate purpose.
Asarfi Hospital Limited — Company Contact Details
- Registered & Corporate Office: Baramuri, Bishunpur Polytechnic, Dhanbad – 828130
- Telephone: +91 96088 33708
- Website: http://www.asarfi.in/
Asarfi Hospital Limited IPO – Lead Managers of the Issue
Hem Securities Limited
- Office Address: 904, A wing, 9th Floor, Naman Midtown, Senapati bapat marg, Elphinstone road, Lower Parel, Mumbai 400 013.
- Telephone: +91 22 49060000
- Email: https://www.hemsecurities.com
Asarfi Hospital Limited IPO – Registrar of the Issue
Cameo Corporate Services Limited
- Telephone: +91-44-28460390
- Email: priya@cameoindia.com
- Website: https://ipo.cameoindia.com/
Asarfi Hospital Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
