Aashka Hospitals IPO Details with Share Price Range and Issue Size | Motilal Oswal
Aashka Hospitals IPO Details with Share Price Range and Issue Size | Motilal Oswal

Aashka Hospitals IPO Details with Share Price Range and Issue Size

Opening Date

August 10, 2021

Closing Date

August 13, 2021 

Face Value

Rs. 10 per equity share

IPO Price 

Rs. 121 per equity share

Minimum Order Quantity

1,000 equity shares 

Issue Size 

84,00,000 equity shares (Rs. 101.64 crores)

Ever since the pandemic hit our Indian shores, companies operating under the pharmaceutical and medical space have been lining up with their Initial Public Offerings. One such company from the SME segment that’s coming up with its latest IPO is Aashka Hospitals Limited. Here’s a quick look at some of the most important Aashka Hospitals IPO details. 

  • About the company 

Incorporated in 2012 and headquartered in the state of Gujarat, Aashka Hospitals Limited is a chain of hospitals that provides healthcare services to thousands of patients every single day. It provides healthcare services that are focused on prevention, treatment, and rehabilitation of patients across multiple healthcare disciplines such as cardiology, nephrology, neurology, neurosurgery, orthopedics, pediatric and neonatal, radiology, dermatology, dentistry, and obstetrics and gynecology, among others. 

The hospital boasts of cutting-edge infrastructure for both medical and surgical intervention. At the time of the first wave of the COVID-19 pandemic, Aashka Hospitals Limited set up a dedicated COVID-19 treatment facility that helped more than 2,000 patients.   

  • Aashka Hospitals IPO details

Now that you’ve seen what the company does, here’s a brief overview of some of the key details of its upcoming IPO such as the Aashka Hospitals IPO date and the Aashka Hospitals IPO share price, among others. 

  • Aashka Hospitals IPO date 

The IPO opening date and closing date has been notified by the company as August 10, 2021 and August 13, 2021 respectively. 

  • Aashka Hospitals IPO issue size 

The upcoming IPO of Aashka Hospitals consists of both a fresh issue component as well as an Offer for Sale (OFS) from its promoters. The company is looking to issue around 54,00,000 equity shares to raise Rs. 65.34 crores through this issue. Meanwhile, around 30,00,000 equity shares would be offloaded by the promoters for a sum of Rs. 36.30 crores. 

  • Aashka Hospitals IPO share price

The IPO share price of Aashka Hospitals’ latest IPO has been fixed at Rs. 121 per equity share, which appears slightly high for an SME public issue.  

  • Aashka Hospitals IPO listing 

Considering the fact that the upcoming IPO is from an SME, the company’s shares would only be listed on the SME platform of the Bombay Stock Exchange. 

  • Aashka Hospitals IPO objectives 

The following have been notified by the company as the objectives of this IPO. 

  • Funding of inorganic growth opportunities
  • Repayment of its loans and borrowings 
  • General purposes

Conclusion

Investing in the Aashka Hospitals IPO required you to possess a demat account. If you don’t have one already, now would be a good time to initiate the account opening process. Get in touch with Motilal Oswal right away to open demat account online for free.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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