Sakhiya Skin Clinic Files for IPO to Expand Across India

Surat-based skincare brand Sakhiya Skin Clinic has taken a big step towards growth by filing its draft red herring prospectus with the BSE SME platform. The company plans to raise funds through an Initial Public Offering (IPO) that includes both fresh shares and an offer for sale (OFS).

Sakhiya Skin Clinic IPO Details

The Sakhiya Skin Clinic IPO will include:

• 50.10 lakh fresh equity shares
• 11.62 lakh shares offered for sale by promoters Dr. Jagdishkumar Sakhiya and Rupalben Sakhiya

GYR Capital Advisors will manage the issue as the lead book-running manager, while KFin Technologies is the registrar. Once approved, the equity shares will be listed on the BSE SME platform.

Fund Utilisation Plan of Sakhiya Skin Clinic IPO

The company will use the funds raised for:

• Opening new clinics across India – ₹42.57 crore
• Investment in its subsidiary, Dr. Sakhiya’s Advanced Skin Science LLP – ₹9.65 crore
• Debt repayment – ₹3.2 crore
• Technology upgrades and general corporate needs

About Sakhiya Skin Clinic

Founded in 2011, Sakhiya Skin Clinic focuses on dermatology, cosmetology, and aesthetic treatments. It also has its own line of cosmeceutical products. The company currently operates 35 clinics in 24 cities, mainly in Gujarat and Maharashtra.

In FY25, the clinic reported:

• Revenue: ₹52.87 crore
• Profit after tax: ₹10.92 crore
• Patients served: Over 5.4 lakh

The business is led by Dr. Jagdishkumar Jadavbhai Sakhiya, a well-known name in dermatology with over 25 years of experience.

Strengths of the Company

• Wide Network: 35 clinics in 24 cities
• Experienced Leadership: Led by a seasoned dermatologist
• High Patient Retention: Around 79% repeat client rate
• Skilled Workforce: Includes 37 doctors and 128 skin therapists

Risks to Consider

• Dependency on Skilled Staff: Losing key professionals could affect operations
• Need for Innovation: Must regularly invest in R&D and upgrade technology
• Revenue Concentration: Nearly 47% of revenue comes from top 5 clinics

Read more: Patel Retail IPO Allotment Status Set to Finalise on August 22.

Conclusion

Sakhiya Skin Clinic’s IPO aims to support its future growth and expansion. With strong performance and a wide clinic network, the company is well-positioned to scale. However, like any investment, potential risks should be carefully considered by investors before making a decision.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.