Skip to content
  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
Daily News India

Daily News India

Just another WordPress site

  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Toggle search form
  • Thermo Fisher Scientific commits $10 million to support India’s fight against COVID-19 English
  • Mario and India Fashion Awards Join hands Business
  • Celebrities Graced Iconic Gold Awards 2021, Which Took Place On Saturday In Mumbai Lifestyle
  • Drug Abuse Awareness Campaign: Dr. Sohini Sastri Press Release
  • A refreshing partnership undertook by Alaukik Group for India’s oldest beverage brand, Sosyo with Royal Challengers Bangalore Business
  • INKDEW National Litfest ends in high note Business
  • Construction update of project sea roses, reviewed by Kalinga Keshari Rath, CMD, Evos Buildcon, to ensure timely completion and delivery Business
  • Braavoking-redefining the grooming industry in India Lifestyle

Aashka Hospitals Ltd’s IPO to close on 18 August

Posted on August 16, 2021 By dsprime 3 Comments on Aashka Hospitals Ltd’s IPO to close on 18 August

Gandhinagar (Gujarat) [India], August 16: Aashka Hospitals Ltd. (AHL), engaged in the health care servicing segment, is coming out with a maiden IPO of 8,400,000 equity shares of Rs. 10 each with a fixed price of Rs. 121 per share to mobilize Rs. 101.64 cr. The issue comprises of fresh equity issue of 5400000 shares (Rs. 65.34 cr.) and an Offer for Sale (OFS) of 3000000 shares (Rs. 36.30 cr.). The issue opened on August 10, 2021, and will close on an extended date, August 18, 2021. The minimum application to be made is for 1000 shares and in multiples thereon after that. Post allotment, shares will be listed on BSE SME. The issue is solely lead managed by Fedex Securities Ltd. while Accurate Securities & Registry Pvt. Ltd. is the registrar to the issue. Rikhav Securities Ltd. is the market maker for this issue.

AHL is a part of Ayushman Bharat, a flagship scheme of the Government of India launched and recommended by the National Health Policy 2017 to achieve the vision of universal health coverage. It has an aggregate bed capacity of 140 beds extendable up to 200 beds. As of April 30, 2021, the company has conducted an aggregate of over 4,900 surgeries and provided healthcare services to over 65000 patients, consisting of 18000 indoor patients and 47,000 OPD patients.

According to Mr. Bipin Shah, Chairman and MD, Aashka Hospitals Ltd, “The main objectives of the issue are expansion, funding inorganic growth initiatives and for general corporate purposes”. There are so many reasons we decided to go public; the one reason is to expand and scale up the operations by raising capital through this offer. Other reasons being improving the credibility of the company and give the company a greater market visibility

Aashka has several benefits as compared to competitors viz, Well diversified and specialty service offerings; provision of quality healthcare services; multi-specialty hospital having accreditation by the NABH; ability to attract, train and retain quality doctors, consultants and medical support staff; an experienced player with long-standing presence and brand recall; presence with brand recall in Gujarat and few areas of Rajasthan as well as Madhya Pradesh; one of the most preferred hospitals for covid treatment in the state of Gujarat.

Healthcare has become one of India’s largest sectors, both in terms of revenue and employment. The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services and increasing expenditure by public and private players.

According to a recent survey, the hospital industry size is estimated to touch US$ 372 billion by 2022.

In terms of Financial Performance, the company’s revenue has grown 49%, EBITDA has grown 15%, and PAT has grown 198% in F.Y. 2020-21 from F.Y. 2019-20.

Mr. Shah added, “We have been investing significantly in the technology, equipment and infrastructure required to perform the most advanced procedures and to strengthen specialty focus. Secondly India is a very large healthcare market having very strong growth prospects and also offers significant growth opportunities for medical tourism.” The company is also focusing on Capacity addition by setting up hospitals in Tier II & Tier III towns of Gujarat, making the present facility a multi-specialty anchor hospital in the next two years, and adding 35 hospitals with 25 to 50 beds each in the next two years. All These factors will help the company excel in the field and get an edge among the peer companies.

Business Tags:Business

Post navigation

Previous Post: Daboo Malik and Parthiv Gohil Team Up After Nearly A Decade For Their New Release: “Ek Khayal Tera Hi Hai”
Next Post: Armaan Nayak, an 8-year-old, Indian creates World Record

Related Posts

  • Migrate World presents Global Webinar Series: USA & Canada Residency by Investment Business
  • Trikon Organizes First Gaming Community Event “Trikon Unite” Business
  • Sikich announced Nov. 17, 2022 the signing of a definitive agreement to acquire Accelerated Growth, an accounting, finance and technology consulting firm based in Chicago Business
  • Budget reaction- The growth-oriented and CAPEX-focussed Budget 2022 will boost the development of the economy at a higher rate post-pandemic- Mr. Arun Misra, CEO, Hindustan Zinc Business
  • Aanchal Gulati defines ODDCAT as overdressed and as conscious as one can be in today’s world Business
  • ZPay To Be Launched On June 7th With Crypto Rewarding Solutions For Fearless Crypto Experience Business

Comments (3) on “Aashka Hospitals Ltd’s IPO to close on 18 August”

  1. marizonilogert says:
    October 9, 2022 at 10:41 pm

    Thanks for sharing superb informations. Your site is very cool. I am impressed by the details that you¦ve on this website. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my pal, ROCK! I found just the information I already searched everywhere and just couldn’t come across. What a perfect website.

  2. zmozero teriloren says:
    November 24, 2022 at 7:02 am

    Hello there, You’ve done a great job. I’ll definitely digg it and individually suggest to my friends. I am confident they will be benefited from this web site.

  3. Travel, City and Regional Magazines says:
    December 13, 2022 at 6:50 pm

    Hi there, just became alert to your blog through Google, and found that it is truly informative. I’m gonna watch out for brussels. I will be grateful if you continue this in future. Many people will be benefited from your writing. Cheers!

Leave a Reply Cancel reply

Your email address will not be published.

Recent Posts

  • A Pen Drive Accidentally Swallowed By A 5-Year-Old Boy Removed Endoscopically, there by avoiding major surgery
  • Bharat-Bharti and Paryatanam-Bharti organized the National Food and Cultural Festival in Ahmedabad
  • Ciceroni hosts their first pop-up in Mumbai, A curation that brings forth 20+ emerging homegrown designers from across India
  • Kusum Tete – the popular tribal leader of Sundargarh
  • Child Help Foundation’s Initiative to raise awareness for Girl Child Equality On National Girl Child Day

Recent Comments

  • Matha Mccleveland on Porgai Sharing Pride: An Event to Celebrate Lambadi Hand Embroidery
  • adult section omegle on NFTs Utility Is Competent To Nourish In The Future, Enunciates Vijay Dwivedi
  • MichaelMit on The truth in the APSSB matter
  • gate.io on Pooja Ajay kumar Mehta from Ahmedabad grabs two gold medals and creates a world record at the World Powerlifting competition held in Moscow, Russia
  • joker123 on Ace of Spades PR Agency: Who Should Get Published in the Press?
  • What is Lip Neutralization and how it can help save time every morning Business
  • Inspiring Service to the Environment & People of Varanasi Press Release
  • National Association of Realtors-India announces its much-awaited Annual Real Estate Convention to be held in Bangalore on 6th and 7th August Business
  • Meet the youngest organizers of the fashion and reality show to be held in Mumbai Entertainment
  • Punjabi Folk Song ‘Bajre Da Sitta’ Gets International Makeover by US-Based Music Curator Janapriyan Levine Entertainment
  • EFFCO Finishes & Technologies Pvt. Ltd. Bags the Fastest Growing Indian Company Excellence Award Business
  • The Next Wave of Content Marketing Strategy 2021 Business
  • HyperX Reveals All-New PC and Console Gaming Gear at CES 2021 Business

Copyright © 2023 Daily News India.

Powered by PressBook News WordPress theme