IPO Details
Bidding Dates
24 May '23 - 26 May '23
Minimum Investment
₹144,000 / 1 Lots ( 1600 Shares )
Price Range
₹85 - ₹90
Maximum Investment
₹144,000 / 1 Lots ( 1600 Shares )
Retail Discount
Not Applicable
Issue Size
₹24.84 Cr
Investor category and sub category
Qualified Institutional Investors | Non-Institutional Investors | Retail Individual Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
May 24, 2023
IPO Closing Date
May 26, 2023
Basis of Allotment
May 31, 2023
Initiation of Refunds
Jun 1, 2023
Credit of Shares to Demat Account
Jun 2, 2023
IPO Listing Date
Jun 5, 2023
Hemant Surgical Industries IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1May 24, 2023 |
0.00 | 1.14 | 4.90 | 2.58 |
Day 2May 25, 2023 |
2.29 | 20.52 | 46.13 | 27.57 |
Day 3May 26, 2023 |
2.77 | 30.71 | 63.98 | 38.74 |
Hemant Surgical Industries IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyer | 2.77 |
| Non-Institutional Buyers | 30.71 |
| Retail Investors | 63.98 |
| Employees | [.] |
| Others | [.] |
| Total | 38.74 |
About Company
The company engages in the manufacturing, import, assembly, and marketing of a comprehensive portfolio of medical equipment and disposables. The company started operating in 1989 by importing and marketing meditapes across India from the JMS Company of Japan. Later in 1999, it started manufacturing medical equipment.
The company operates in two lines of business - medical equipment and medical disposables.
It covers a wide spectrum of medical lines including
- Renal care
- Cardiovascular disease
- Respiratory disease
- Critical care and radiology
Currently, they operate three manufacturing units in Achad, Atgaon, and Bhiwandi. JMS, Aero Plus, and Safecath are the brands owned by the company.
Hemant Surgical Industries Limited IPO Details
Hemant Surgical IPO is a fresh issue offer consisting of 2,760,000 equity shares aggregating up to Rs. 24.84 crore.
The lower and upper price bands are fixed at Rs. 84 and Rs. 90 per share, respectively. The offer window will open on BSE SME on May 24, 2023, and the stocks will list on June 5, 2023.
Hemant Surgical Industries Limited IPO Objective
The objectives of Hemant Surgical Industries IPO are listed below.
- To fund capital expenditures incurred in plant and machinery installation
- To meet working capital requirements, general corporate purpose, and issue expenses
Should you invest in Hemant Surgical Industries Limited?
Here are a few important reasons to consider before investing in the IPO:
- Started in 1989, the company has experience in the domain for more than three decades.
- It offers a comprehensive, diversified product portfolio catering to a wide clientbase in India and international locations such as Philippines, Nepal, Bangladesh, Bhutan, Burundi, Kenya, Nigeria, Ivory Coast, France, Seychelles, etc.
- The company is well positioned to capitalised on the industry tailwind. The Indian medical device market is projected to reach $50 billion between 2020 and 2025.
Competitive Peers
The other player as recognised by the company in DRHP is Poly Medicure Ltd.
Noteworthy Highlights of Hemant Surgical Industries Ltd.
- The company exhibited stable financial performance in the last three fiscal years with an improved margin.
- Revenue from operations grew at a 35.14% CAGR from FY21 to FY23.
Hemant Surgical Industries Company Financials
| Particulars | Year ending in March 31, 2023 | Year ending in March 31, 2022 | Year ending in March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 10,914.82 | 10,357.00 | 5,976.46 |
| Profit After Tax (PAT) | 765.11 | 461.40 | 114.53 |
| PAT Margin | 7.01% | 4.45% | 1.92% |
| EBITDA | 1016.89 | 626.82 | 306.86 |
| EBITDA Margin | 9.32% | 6.05% | 5.13% |
| EPS | 10.23 | 8.96 | 2.22 |
| Total Asset | 6,490.79 | 5,437.59 | 4,289.84 |
Know before investing
Strengths
3-
It has access to a comprehensive market in India and an extended sales network.
-
Experienced management and a team of professionals have helped the company build a success story.
-
The company is focusing on deepening its geographical presence.
Risks
3-
Difficulties in sourcing and supplying raw materials can hamper the company’s
-
Termination or non-renewal of agreements with 3rd party suppliers can affect its revenue from operations.
-
A loss of a customer can be detrimental to its future performance and revenue.
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Hemant Surgical Industries IPO FAQs
Hemant Surgical’s IPO is a fresh issue IPO worth Rs. 24.84 crore. The offer window will open on May 24, 2023. The listing date is June 5, 2023.
The price band for the book-building IPO is fixed at Rs. 85-90 per share.
The Basis of Allotment will be conducted on May 31, 2023.
The lot size for Hemant Surgical Industries Ltd. is 1600 equity shares for one lot.
The IPO subscription window will open on May 24. 2023.
Retail investors can apply for a minimum of one lot.
Hemant Surgical Ltd. IPO will list on the NSE exchange on June 5, 2023.
It is easy to check the Hemant Surgical Industries Limited IPO allotment status from Angel One’s mobile app by following some simple steps.
- Go to the app
- Validate with an OTP.
- Enter your application number, DP ID, and PAN number into the app
Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO, which is June 5, 2023, for Hemant Surgical Industries Ltd.
Under the new system, the money isn’t debited until the stocks are allotted to you. The bank will only block the funds in your account for the time being.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
The minimum order size for the Hemant Surgical Industries IPO is 1600 shares per lot.
