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Hemant Surgical Industries IPO is a book built issue of Rs 24.84 crores. The issue is entirely a fresh issue of 27.6 lakh shares.
Hemant Surgical Industries IPO bidding started from May 24, 2023 and ended on May 26, 2023. The allotment for Hemant Surgical Industries IPO was finalized on Wednesday, May 31, 2023. The shares got listed on BSE SME on June 5, 2023.
Hemant Surgical Industries IPO price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹288,000.
Hem Securities Limited is the book running lead manager of the Hemant Surgical Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Hemant Surgical Industries IPO is Hem Finlease.
Refer to Hemant Surgical Industries IPO RHP for detailed information.
| IPO Date | May 24, 2023 to May 26, 2023 |
| Listing Date | June 5, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,760,000 shares (aggregating up to ₹24.84 Cr) |
| Fresh Issue | 2,760,000 shares (aggregating up to ₹24.84 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,680,000 |
| Share holding post issue | 10,440,000 |
| Market Maker portion | 144,000 shares Hem Finlease |
Hemant Surgical Industries IPO offers 2,760,000 shares. 523,200 (18.96%) to QIB, 393,600 (14.26%) to NII, 916,800 (33.22%) to RII 782,400 (28.35%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 782,400 (28.35%) |
| Market Maker Shares Offered | 144,000 (5.22%) |
| QIB Shares Offered | 523,200 (18.96%) |
| NII (HNI) Shares Offered | 393,600 (14.26%) |
| Retail Shares Offered | 916,800 (33.22%) |
| Total Shares Offered | 2,760,000 (100%) |
Hemant Surgical Industries IPO raises Rs 7.04 crore from anchor investors. Hemant Surgical Industries IPO Anchor bid date is May 23, 2023. Hemant Surgical Industries IPO Anchor Investors list
| Bid Date | May 23, 2023 |
| Shares Offered | 782,400 |
| Anchor Portion Size (In Cr.) | 7.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 30, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 29, 2023 |
Hemant Surgical Industries IPO opens on May 24, 2023, and closes on May 26, 2023.
| IPO Open Date | Wednesday, May 24, 2023 |
| IPO Close Date | Friday, May 26, 2023 |
| Basis of Allotment | Wednesday, May 31, 2023 |
| Initiation of Refunds | Thursday, June 1, 2023 |
| Credit of Shares to Demat | Friday, June 2, 2023 |
| Listing Date | Monday, June 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 26, 2023 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
| Lot Size Calculator | |||
Hanskumar Shamji Shah, Kaushik Hanskumar Shah, and Hemant Praful Shah are the Promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.56% |
Incorporated in 1989, Hemant Surgical Industries Limited is engaged in the business of manufacturing, importing, and assembling. Also, the company markets a comprehensive portfolio of medical equipments and disposables.
The wide spectrum of equipments and disposables offered by the company includes:
The products processed in the assembly units of the company are imported from countries like: Japan, China France, and Australia.
Hemant Surgical Industries presently has one manufacturing unit and two assembly units. The first Manufacturing Unit is situated at Achad Industrial Estate. The company started its operations of importing and marketing of medical disposables through this unit in 1999. The other two assembling units are located at Atgaon and Bhiwandi, respectively. These two assembling units undertake the assembling of medical products and devices.
The company's facilities are ISO 9001:2015 and ISO 13485:2016 certified. They have a fully equipped quality control department with experienced and qualified staff to facilitate smooth manufacturing and assembly line processes.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 4,289.84 | 6,065.19 | 114.53 | 836.61 | 653.38 | 1,446.35 |
| 31-Mar-22 | 5,437.59 | 10,577.02 | 461.40 | 1,298.01 | 1,114.78 | 973.80 |
| 31-Mar-23 | 6,490.79 | 11,149.68 | 765.11 | 2,359.90 | 1,591.90 | 711.92 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Hemant Surgical Industries IPO is Rs 93.96 Cr.
| KPI | Values |
|---|---|
| ROE | 32.42% |
| ROCE | 37.98% |
| Debt/Equity | 0.3 |
| RoNW | 32.42% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.26 | |
| P/E (x) | 12.28 |
The Company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is in the business of medical equipment/disposable manufacturing and marketing. It has reported steady growth in its top and bottom lines in recent years. Based on FY23 earnings, the issue appears reasonably priced. Investors may consider investment for the medium to long-term rewards. Read detail review...
The Hemant Surgical Industries IPO is subscribed 150.59 times on May 26, 2023 7:02:00 PM. The public issue subscribed 158.73 times in the retail category, 41.05 times in the QIB category, and 277.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 41.05 |
| NII | 277.26 |
| Retail | 158.73 |
| Total | 150.59 |
Total Application : 6,844 (11.94 times)
| Listing Date | June 5, 2023 |
| BSE Script Code | 543916 |
| NSE Symbol | |
| ISIN | INE0GYI01028 |
| Final Issue Price | ₹90 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹90.00 |
| ₹171.00 |
| ₹171.00 |
| ₹179.55 |
| ₹179.55 |
Hemant Surgical Industries Limited
502, 5th Floor, Ecstacy Business Park,
Co-Op Society Limited, J.S.D. Road,
Mulund (West), Mumbai – 400 080
Phone: 022-25915289/ 022- 259127
Email: cs@hemantsurgical.com
Website: http://www.hemantsurgical.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Hemant Surgical Industries IPO is a SME IPO of 2,760,000 equity shares of the face value of ₹10 aggregating up to ₹24.84 Crores. The issue is priced at ₹85 to ₹90 per share. The minimum order quantity is 1600 Shares.
The IPO opens on May 24, 2023, and closes on May 26, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Hemant Surgical Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Hemant Surgical Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hemant Surgical Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hemant Surgical Industries IPO opens on May 24, 2023 and closes on May 26, 2023.
Hemant Surgical Industries IPO lot size is 1600 Shares, and the minimum amount required is ₹144,000.
You can apply in Hemant Surgical Industries 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 Hemant Surgical Industries IPO will be done on Wednesday, May 31, 2023, and the allotted shares will be credited to your demat account by Friday, June 2, 2023. Check the Hemant Surgical Industries IPO allotment status.
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