Asarfi Hospital Limited

Company Profile
Company Name Asarfi Hospital Limited
Open Date 17-07-2023
Close Date 19-07-2023
Exchange BSE SME
Lot Size 2000 shares
Issue Price ₹51 to ₹52 per share
Issue Size 51,80,000
Application Amount ₹ 1,04,000
Recommendation Avoid
Asarfi Hospital Limited was incorporated in the year 2005. Asarfi Hospital Limited, is a 250 bedded multi-speciality hospital, which is serving people for over one and half decade by providing healthcare services in Dhanbad, Jharkhand. Accredited by National Accreditation Board for Testing and Calibration Laboratories (“NABL Accredited”), The company is an integrated healthcare service provider, committed to deliver valued healthcare services to the patients that includes prevention, treatment and proper rehabilitation. The company is empanelled with several Government Agencies, Corporate Organizations for providing regular health care facilities to their employees and their dependants. The company is also empanelled with the several Insurance and TPA providers. The hospital located at Dhanbad, Jharkhand is having departments/services like Cardiology, Neurosciences, General Medicine, Paediatrics & Neonatology, Obstetrics & Gynaecology, General Surgery, Gastroenterology, Orthopaedics Plastic Surgery & Cosmetics, Oncology, Nephrology, Urology, Ophthalmology, ENT, Day Care Services, Dental, Physiotherapy, Emergency, Nutrition & Dietetics, Anaesthesiology & Critical Care, Radiology, Pulmonology, Pain Management etc. among other healthcare services.
(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 3,729.45 6,270.24 9,342.71
Net Assets 1,689.90 2,262.73 4,184.26
Total Borrowings 713.36 1,163.31 1,720.20
Total Revenue 5,439.90 6,619.54 7,303.26
Profit After Tax 353.43 572.84 801.53

Tentative Timeline

Opening Date 17-07-2023
Closing Date 19-07-2023
Basis of Allotment 24-07-2023
Initiation of Refunds 25-07-2023
Credit of Shares to Demat 26-07-2023
Listing Date 27-07-2023

Objects of the Issue

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

Contact Information

Registered Office Asarfi Hospital Limited Baramuri, Bishunpur Polytechnic, Dhanbad - 828130
Phone +91 96088 33708

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390

IPO Reservation

Anchor Investor Shares Offered 14,76,000 (28.49%)
Market Maker Shares Offered 2,60,000 (5.02%)
QIB Shares Offered 9,84,000 (19.00%)
NII (HNI) Shares Offered 7,38,000 (14.25%)
Retail Shares Offered 17,22,000 (33.24%)
Total Shares Offered 51,80,000 (100%)

Shareholding Pattern

Pre Issue Share Holding 83.03%
Post Issue Share Holding 61.17%

Contact Us to Enable Your Success!