The Aashka Hospitals IPO was offering amounting to ₹101.64 crores. In Gyan Bharati article we know about Aashka Hospital IPO Grey Market Premium.
The issue comprised a fresh issuance of 54 lakh shares totaling ₹65.34 crores and an offer for sale (OFS) of 30 lakh shares amounting to ₹36.30 crores.
The IPO bidding period commenced on August 10, 2021, and closed on August 24, 2021. The allotment of shares was finalized on August 30, 2021, and the company was subsequently listed on the BSE SME platform on September 1, 2021.
The IPO was priced at ₹121 per share, with a minimum application lot size of 1,000 shares, requiring retail investors to make a minimum investment of ₹1,21,000. For High Net Worth Individuals (HNIs), the minimum investment was 2 lots (2,000 shares), amounting to ₹2,42,000.
Fedex Securities Pvt Ltd served as the book-running lead manager for the IPO, while Accurate Securities & Registry Private Limited acted as the registrar for the issue.
Aashka Hospitals IPO Details
| Issue Date | 10 Aug 2021 – 13 Aug 2021 |
| Issue Size | ₹101.64 Cr |
| Issue Price | ₹121 |
| Market Lot | 1000 Shares |
| Shares on Offer | 8,400,000 |
| Registrar | |
| GMP | N/A |
| Kostak | N/A |
| Subject to Sauda | N/A |
| Listing Date | N/A |
| Listing Price | N/A |
| Listing Gain% | N/A |
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets (In ₹ Millions) | 6,508.14 | 6,004.73 | 5,405.18 |
| Total Revenue (In ₹ Millions) | 4,069.23 | 2,725.14 | 2,772.55 |
| Profit After Tax (PAT) (In ₹ Millions) | 411.39 | 137.91 | 136.27 |
Aashka Hospitals IPO Prospectus
Aashka Hospital IPO Grey Market Premium Reviews
Rating
Recommendation
Aashka Hospitals Limited IPO Subscription Details
| Date & Time | QIB | NII | RII | Total |
| Day 1 – 10 Aug 2021 | ||||
| Day 2 – 11 Aug 2021 | ||||
| Day 3 – 12 Aug 2021 | ||||
| Day 4 – 13 Aug 2021 |
Aashka Hospitals Limited IPO Allotment Status
Please click the link below to check the IPO allotment status.
About Aashka Hospital
Aashka Hospitals Limited was established on November 9, 2012, under the Companies Act, 1956, in Ahmedabad. It was originally registered as a private limited company with the Company Identification Number (CIN) L85110GJ2012PLC072647. Over time, as the company established itself as a leading healthcare provider in Gandhi Nagar, it transitioned to a public limited company. The change was formalized with the issuance of a fresh certificate of incorporation on July 23, 2018.
The company is the brainchild of Mr. Bipinchandra Dineshbhai Shah, a visionary leader who currently serves as the Chairman and Managing Director (CMD) and is one of its principal promoters. In addition to his role at Aashka Hospitals, Mr. Shah is the Director of Calica Construction & Impex Private Limited, a prominent real estate development firm in Gujarat.
An accomplished academic, Mr. Shah holds a gold medal in civil engineering and is recognized as one of India’s leading structural engineers. His professional journey as a technocrat businessman reflects a dynamic and innovative approach. Among his current ventures, he is overseeing the development of an IT Special Economic Zone (SEZ) in Ahmedabad with a capital expenditure of approximately ₹300 Crore. He is also spearheading two major real estate projects in Gandhi Nagar.
FAQ-Aashka Hospital IPO Grey Market Premium
What is GREY market price for IPO?
The grey market price for an IPO refers to the unofficial trading price of shares before they are listed on the stock exchange. It reflects investor demand and sentiment but is speculative and unregulated, making it risky and unreliable.
What is the issue price of Aashka hospital?
Aashka Hospitals Limited’s IPO, which opened on August 10, 2021, was priced at ₹121 per equity share. IPO aimed to raise ₹101.64 crores, comprising a fresh issuance of 54 lakh shares totaling ₹65.34 crores and an offer for sale of 30 lakh shares amounting to ₹36.30 crores.
How to check grey market premium of IPO?
To check an IPO’s grey market premium (GMP), visit reliable websites. You can also join Telegram groups, consult market dealers, or follow financial blogs providing real-time GMP updates. Always verify authenticity.
How much GMP is good for IPO?
A good grey market premium (GMP) means the IPO is in high demand, usually showing a price 10–20% higher than the issue price. But GMP is unofficial, so always check the company’s financials and future growth before investing.
