Asarfi Hospital IPO 2023 | Invest in a Growing Healthcare Company

Asarfi Hospital is a multi-specialty hospital located in Chittorgarh, Rajasthan. The hospital was founded in 1997 and is currently managed by Asarfi Hospital Limited. The company is now looking to raise ₹26.94 crores through an initial public offering (IPO).

The IPO will consist of 5,180,000 equity shares with a face value of ₹10 each. The issue is priced at ₹51 to ₹52 per share. The minimum order quantity is 2000 shares. The IPO opens on July 17, 2023, and closes on July 19, 2023.

The proceeds from the IPO will be used to fund the following:

• Expansion of the hospital's existing facilities

• Acquisition of new equipment

• Working capital requirements

Cameo Corporate Services Limited is managing the IPO. The shares are proposed to be listed on BSE SME.

Key Highlights of the Asarfi Hospital IPO

• Issue size: 5,180,000 equity shares

• Face value: ₹10 per share

• Price band: ₹51-52 per share

• Minimum order quantity: 2000 shares

• Opening date: July 17, 2023

• Closing date: July 19, 2023

• Registrar: Cameo Corporate Services Limited

• Listing Exchange: BSE SME

More about Asarfi Hospital IPO.

Investment Rationale

Asarfi Hospital is a well-established hospital with a good track record. The company has a strong management team and is well-positioned for growth. The IPO is an excellent opportunity for investors to participate in the development of the healthcare sector in India.

Risks to Consider

The healthcare sector is cyclical and is subject to changes in government regulations. The company's financial performance could be affected by factors such as changes in patient mix, competition, and the cost of medical supplies.

Conclusion

The Asarfi Hospital IPO is a good opportunity for investors to participate in the growth of the healthcare sector in India. However, investors should carefully consider the risks before investing.

Update

The Asarfi Hospital IPO was subscribed 11.21 times on the final day of bidding, raising ₹58.69 crores. The issue was priced at the upper end of the price band, at ₹52 per share. The shares are scheduled to start trading on BSE SME on July 27, 2023.