In its Initial Public Offering (IPO), Hemant Surgical Industries Limited will release equity shares through a book-built issue. The Hemant Surgical Industries IPO is scheduled for May 24th – May 26th, 2023. In this IPO, the company plans to sell 2,760,000 shares of stock at a price range of 85 to 91 rupees aggregating up to ₹24.84 Cr, with each share having a face value of Rs 10. Let’s find out more about this IPO coming up in May 2023.
About Hemant Surgical Industries Limited
Since its incorporation in 1989, the company has been in operation for 34 years. Its primary focus is on the production, import, assembly, and distribution of a wide variety of medical devices and supplies. Renal Care, Cardiovascular disease, Respiratory disease, Critical Care, Radiology, etc. are only some of the essential areas that are addressed by the goods offered by Hemant Surgical Industries Ltd.
Products from Japan, China, France, and Australia are among the most common ones the company imports to assemble. One factory may be found at Achad Industrial Estate, while the other two can be found in Atgaon and Bhiwandi, both in the Indian state of Maharashtra. Quality control at Hemant Surgical Industries Ltd is handled by seasoned professionals using cutting-edge technology to guarantee flawless production and assembly line operations. The infusion of cash will serve both the company’s capital expenditures for new gear and its working capital requirements.
Hemant Surgical Industries Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 24th May 2023 |
| Issue Closes | 26th May 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 85 to Rs 91 Per Share |
| Issue Size | 2,760,000 Shares (Rs 24.84 crores) |
| Minimum Order Quantity | 1600 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The proceeds from the Issue will be used by the Company for the following purposes:
- Capital expenditure financing for the purpose of buying and setting up new machinery and equipment.
- Money for meeting cash flow needs.
- General Business Use.
- Problematic costs.
Hemant Surgical Industries Limited — Company Contact Details
- Registered & Corporate Office: 502, 5th Floor, Ecstacy Business Park, Co-Op Society Limited, J.S.D. Road, Mulund (West), Mumbai – 400 080
- Telephone: 022-25915289/ 022- 259127
- Website: https://www.hemantsurgical.com/
Hemant Surgical Industries 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: ipoinfo@hemonline.com
Hemant Surgical Industries Limited IPO – Registrar of the Issue
- Telephone: +91-22-6263 8200
- Email: investor@bigshareonline.com
- Website: https://www.bigshareonline.com/
Hemant Surgical Industries Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
