IPO Details

Bidding Dates

24 May '23 - 26 May '23

Minimum Investment

₹144,000 / 1 Lots ( 1600 Shares )

Price Range

₹85 - ₹90

Maximum Investment

₹144,000 / 1 Lots ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹24.84 Cr

Investor category and sub category

Qualified Institutional Investors  |   Non-Institutional Investors  |   Retail Individual Investor   |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

May 24, 2023

IPO Closing Date

May 26, 2023

Basis of Allotment

May 31, 2023

Initiation of Refunds

Jun 1, 2023

Credit of Shares to Demat Account

Jun 2, 2023

IPO Listing Date

Jun 5, 2023

Hemant Surgical Industries IPO Subscription Details

DateQIBNIIRetailTotal

Day 1May 24, 2023

0.00 1.14 4.90 2.58

Day 2May 25, 2023

2.29 20.52 46.13 27.57

Day 3May 26, 2023

2.77 30.71 63.98 38.74

Hemant Surgical Industries IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyer 2.77
Non-Institutional Buyers 30.71
Retail Investors 63.98
Employees [.]
Others [.]
Total 38.74

About Company

The company engages in the manufacturing, import, assembly, and marketing of a comprehensive portfolio of medical equipment and disposables. The company started operating in 1989 by importing and marketing meditapes across India from the JMS Company of Japan. Later in 1999, it started manufacturing medical equipment. 

The company operates in two lines of business - medical equipment and medical disposables. 

It covers a wide spectrum of medical lines including 

  • Renal care 
  • Cardiovascular disease 
  • Respiratory disease
  • Critical care and radiology 

Currently, they operate three manufacturing units in Achad, Atgaon, and Bhiwandi. JMS, Aero Plus, and Safecath are the brands owned by the company.

 

Hemant Surgical Industries Limited IPO Details

Hemant Surgical IPO is a fresh issue offer consisting of 2,760,000 equity shares aggregating up to Rs. 24.84 crore.

The lower and upper price bands are fixed at Rs. 84 and Rs. 90 per share, respectively. The offer window will open on BSE SME on May 24, 2023, and the stocks will list on June 5, 2023.

Hemant Surgical Industries Limited IPO Objective 

The objectives of Hemant Surgical Industries IPO are listed below.

  • To fund capital expenditures incurred in plant and machinery installation
  • To meet working capital requirements, general corporate purpose, and issue expenses 

Should you invest in Hemant Surgical Industries Limited?

Here are a few important reasons to consider before investing in the IPO:

  • Started in 1989, the company has experience in the domain for more than three decades. 
  • It offers a comprehensive, diversified product portfolio catering to a wide clientbase in India and international locations such as Philippines, Nepal, Bangladesh, Bhutan, Burundi, Kenya, Nigeria, Ivory Coast, France, Seychelles, etc. 
  • The company is well positioned to capitalised on the industry tailwind. The Indian medical device market is projected to reach $50 billion between 2020 and 2025.

Competitive Peers

The other player as recognised by the company in DRHP is Poly Medicure Ltd.

Noteworthy Highlights of Hemant Surgical Industries Ltd. 

  • The company exhibited stable financial performance in the last three fiscal years with an improved margin. 
  • Revenue from operations grew at a 35.14% CAGR from FY21 to FY23.

Hemant Surgical Industries Company Financials

Particulars Year ending in March 31, 2023 Year ending in March 31, 2022 Year ending in March 31, 2021
Revenue from Operations 10,914.82 10,357.00 5,976.46
Profit After Tax (PAT) 765.11 461.40 114.53
PAT Margin 7.01% 4.45% 1.92%
EBITDA 1016.89 626.82 306.86
EBITDA Margin 9.32% 6.05% 5.13%
EPS 10.23 8.96 2.22
Total Asset 6,490.79 5,437.59 4,289.84

Know before investing

Strengths

3
  1. It has access to a comprehensive market in India and an extended sales network.

  2. Experienced management and a team of professionals have helped the company build a success story.

  3. The company is focusing on deepening its geographical presence.

Risks

3
  1. Difficulties in sourcing and supplying raw materials can hamper the company’s

  2. Termination or non-renewal of agreements with 3rd party suppliers can affect its revenue from operations.

  3. A loss of a customer can be detrimental to its future performance and revenue.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Hemant Surgical Industries IPO FAQs

What is Hemant Surgical Industries Limited's IPO?

Hemant Surgical’s IPO is a fresh issue IPO worth Rs. 24.84 crore. The offer window will open on May 24, 2023. The listing date is June 5, 2023.

The price band for the book-building IPO is fixed at Rs. 85-90 per share. 

When will Hemant Surgical Industries Limited's IPO allotment be available?

The Basis of Allotment will be conducted on May 31, 2023.

What will be Hemant Surgical Industries Limited's IPO lot size?

The lot size for Hemant Surgical Industries Ltd. is 1600 equity shares for one lot.

When will Hemant Surgical Industries Limited's IPO open for subscription?

The IPO subscription window will open on May 24. 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Hemant Surgical Industries Limited list on exchanges?

Hemant Surgical Ltd. IPO will list on the NSE exchange on June 5, 2023.

How do I check the allotment status of the Hemant Surgical Industries Limited IPO?

It is easy to check the Hemant Surgical Industries Limited IPO allotment status from Angel One’s mobile app by following some simple steps. 

  • Go to the app
  •  Validate with an OTP.
  • Enter your application number, DP ID, and PAN number into the app

Click on ‘Submit’

What would be the listing gains on the Hemant Surgical Industries Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO, which is June 5, 2023, for Hemant Surgical Industries Ltd.

I have finished the application process for the Hemant Surgical Industries Limited IPO, but the funds are not yet debited. What is the reason?

Under the new system, the money isn’t debited until the stocks are allotted to you. The bank will only block the funds in your account for the time being. 

How do I approve the UPI mandate request for Hemant Surgical Industries Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Hemant Surgical Industries Limited using one PAN?

You can submit only one application using your PAN card.

What is the minimum order quantity for the Hemant Surgical Industries Limited IPO?

The minimum order size for the Hemant Surgical Industries IPO is 1600 shares per lot.