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achyut-healthcare-ipo is a fixed price issue of Rs 3.60 crores. The issue is entirely a fresh issue of 18 lakh shares.
achyut-healthcare-ipo bidding started from March 17, 2022 and ended on March 22, 2022. The allotment for achyut-healthcare-ipo was finalized on Friday, March 25, 2022. The shares got listed on BSE SME on March 30, 2022.
achyut-healthcare-ipo price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
GYR Capital Advisors Private Limited is the book running lead manager of the achyut-healthcare-ipo, while Kfin Technologies Limited is the registrar for the issue.
Refer to achyut-healthcare-ipo RHP for detailed information.
| IPO Date | March 17, 2022 to March 22, 2022 |
| Listing Date | March 30, 2022 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹3.60 Cr) |
| Fresh Issue | 1,800,000 shares (aggregating up to ₹3.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,941,000 |
| Share holding post issue | 6,741,000 |
| Market Maker portion | 96,000 shares |
achyut-healthcare-ipo offers 1,800,000 shares. 852,000 (47.33%) to NII, 852,000 (47.33%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 96,000 (5.33%) |
| Other Shares Offered | 852,000 (47.33%) |
| Retail Shares Offered | 852,000 (47.33%) |
| Total Shares Offered | 1,800,000 (100%) |
achyut-healthcare-ipo opens on March 17, 2022, and closes on March 22, 2022.
| IPO Open Date | Thursday, March 17, 2022 |
| IPO Close Date | Tuesday, March 22, 2022 |
| Basis of Allotment | Friday, March 25, 2022 |
| Initiation of Refunds | Monday, March 28, 2022 |
| Credit of Shares to Demat | Tuesday, March 29, 2022 |
| Listing Date | Wednesday, March 30, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 22, 2022 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| Lot Size Calculator | |||
Mahendra Chatrabhuj Raycha and Akshit Mahendra Raycha are the company promoters.
| Share Holding Pre Issue | 90.28% |
| Share Holding Post Issue | 66.18% |
Incorporated in 1996, Achyut Healthcare Limited is engaged in the trading of Pharmaceutical Products. The company has business operations in both domestic and international markets in the countries namely UAE, Kenya, and Nigeria. The company is located in Ahmedabad, Gujarat.
The company involves in the trading of Cenzure, Arpimune, Azathioprine IP, Everomimus, Mycophenolate Mofetil USP, Mycophenolate Sodium USP, Sirolimus, Tacrolimus USP, Infrared thermometer, Ascorbic Acid Coated Vitamin C, Calcium carbonate oyster, Cellulose acetate Phthalate, Chlorthalidone IP, Cross Carmalose Sod IP/USP, DI Basic Calcium Phosphate IP, DI Ethyl Phthlate, Diltiazem Hydrochloride IP, Easy Coat Fc Titanium Dioxide, Escitalopram IP, Escitalopram Oxalate, Favipiravir among many other products.
Competitive Strengths:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 588.68 | 47.13 | 27.26 | 23.73 | |
| Total Revenue | 272.54 | 27.43 | 34.56 | 66.78 | |
| Profit After Tax | 12.63 | 0.74 | 1.40 | (1.46) | |
The market capitalization of achyut-healthcare-ipo is Rs 13.48 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 54.05 |
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
[Dilip Davda] The company has posted minuscule financial performances till FY21 and has marked bumper top and bottom line for the first half of the current fiscal. Since the company is having third party trading activity, sustainability of such performance going forward is a major concern. Even with this super current earning, its asking price is at a P/E of 54 making it a costly bet. There is no harm in ignoring this pricy offer. Read detail review...
The achyut-healthcare-ipo is subscribed 4.35 times on March 22, 2022 6:48:00 PM. The public issue subscribed 6.75 times in the retail category, times in the QIB category, and 1.95 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.95 |
| Retail | 6.75 |
| Total | 4.35 |
| Listing Date | March 30, 2022 |
| BSE Script Code | 543499 |
| NSE Symbol | |
| ISIN | INE0K1401012 |
| Final Issue Price | ₹20 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹20.00 |
| ₹20.15 |
| ₹20.00 |
| ₹21.15 |
| ₹21.15 |
Achyut Healthcare Limited
610 Colonade, B/H Iscon Temple,
Opposite Iscon, BRTS Bus Stand,
Iscon – Ambali Road, Ahmedabad- 380 058,
Phone: 07948982691
Email: compliance@achyuthealthcare.com
Website: http://achyuthealthcare.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: achyut.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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achyut-healthcare-ipo is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹3.60 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on March 17, 2022, and closes on March 22, 2022.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in achyut-healthcare-ipo using UPI as a payment gateway. Zerodha customers can apply in achyut-healthcare-ipo by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in achyut-healthcare-ipo through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The achyut-healthcare-ipo opens on March 17, 2022 and closes on March 22, 2022.
achyut-healthcare-ipo lot size is 6000 Shares, and the minimum amount required is ₹120,000.
You can apply in achyut-healthcare-ipo online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for achyut-healthcare-ipo will be done on Friday, March 25, 2022, and the allotted shares will be credited to your demat account by Tuesday, March 29, 2022. Check the achyut-healthcare-ipo allotment status.
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