Gujarat based Vadodara’s Aatmaj Healthcare IPO opens on Jun 19, 2023, and closes on Jun 21, 2023.the company intends to raise approximately ₹ 38.40 crores through this public offering, consisting of 64 lakhs shares with a face value of ₹ 5 each, which will be issued at a price of ₹ 60 per share.
Incorporated in 2014, Aatmaj Healthcare Limited runs multi-specialty hospitals, under the name Jupiter Hospitals, offering medical care at affordable rates.
The company provides inpatient and outpatient healthcare services through its hospitals in Vadodara, Gujarat with an aggregate bed capacity of 130 beds extendable up to 175 beds. As on December 31, 2022, they have conducted an aggregate healthcare treatment, including surgeries, of over 17,000 patients, consisting of more than 4,000 patients and more than 13,000 OPD patients including Covid-19 Patients.
The company’s primary check-up services include hemoglobin check, lipid profile, general tests, renal profile, blood sugar, MCV, ESR, MCH, MCHC, liver profile, and lipid profile.
Aatmaj Healthcare specializes in Nephrology and Uro surgery/Vascular surgery, Orthopedics, Joint replacement, Polytrauma care, Obstetric, Gynaecology, ENT, Ophthalmology, Plastic Surgery, and Neuro Surgery.
The company is a part of Ayushman Bharat-Pradhan Mantri Jan ArogyaYojana, a flagship scheme of the Government of India which was launched and recommended by the National Health Policy 2017, to achieve the vision of universal health coverage (UHC).
Aatmaj Healthcare IPO Details
| Aatmaj Healthcare IPO Dates | 19 – 21 June 2023 |
| Aatmaj Healthcare IPO Price | INR 60 per share |
| Fresh issue | 64,00,000 shares (INR 38.40 crores) |
| Offer For Sale | NIL |
| Total IPO size | 64,00,000 shares (INR 38.40 crores) |
| Minimum bid (lot size) | 2,000 Shares (INR 120,000) |
| Face Value | INR 5 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Objects of the Issue
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
Repayment or prepayment in full or part of the existing secured debt of the company,
Working capital requirements,
Purchase of medical equipment for hospitals of the company and/or newly acquired or set-up hospitals,
Acquisitions and other strategic initiatives,
General corporate expenses and issue expenses
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