Aashka Hospitals Ltd

About the Company:

Aashka Hospitals Ltd is a certified by National Accreditation Board for Hospitals and Healthcare Providers (“NABH Accredited”) for tertiary and apical care level hospital in Gujarat.

Company is an integrated healthcare service provider, committed to deliver quality healthcare services to our patients in modern facilities that includes prevention, best treatment and proper rehabilitation.

Company is promoted by Bipinchandra Shah is a Civil engineer and a technocrat, who is currently serving as the Chairman and Managing Director of the Company. With a view to provide healthcare facilities to the people of Gujarat, he started hospital in the year 2015 and roped in renowned doctors.

Company decided to step-up its support in the fight against COVID-19 and was a designated COVID-19 treatment hospital. With the support of doctors and staffs, company have treated more than 2000 COVID-19 patients.

Company provides inpatient and outpatient healthcare services through company’s sole hospital at Gandhinagar, Gujarat with an aggregate bed capacity of 140 beds extendable upto 200 beds.

As on April 30, 2021, company has conducted an aggregate of over 4,900 surgeries and provided healthcare services to an aggregate of over 65000 patients, consisting of 18000 indoor patients and 47,000 OPD patients.



Key operating details of Aashka Hospitals Limited.



Management Team:

  1. Mr. Bipinchandra Shah (Designation: Chairman and Managing Director)
  2. Dr. Parag Thaker (Designation: Non-Executive Director)





Objectives of the Issue:

Offer for Sale: (Rs. 36.3 cr)

  • Company will not receive any proceeds of the Offer for Sale by the Promoter selling Shareholders and Selling Shareholders. Each of the Promoter selling Shareholders and the Selling Shareholders will be entitled to the respective proportion of the proceeds of the Offer for Sale


Fresh Issue: (Rs. 65.34 cr)

  • Repayment / prepayment, in full or part, of certain borrowings availed by the Company.
  • Funding of company’s inorganic growth initiatives
  • General corporate purposes



Financials of the Company:

(in Crores) FY 19 FY 20 FY 21
Revenue 27.72 27.25 40.69
Net Profit 1.36 1.37 4.11



IPO Details:

Details Info
Issue Opens on 10th August 2021
Issue Closes on:. 13th August 2021
Issue Price Rs.121
Face Value Rs.10
Minimum Lot 1000
Minimum Investment Rs.1,21,000
Issue Constitutes 35.89%
Issue Size Rs.101.6 cr
Market Cap Rs.283 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 54,00,000
Equity Shares Offered (OFS) 30,00,000
Equity Shares Offered (Fresh + OFS) 84,00,000
Equity Shares Prior to the Issue 1,80,00,000
Equity Shares after the issue 2,34,00,000

Also Read : List of Upcoming IPO’s in India.


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
2.29 52.84 14.07% 16.25


Company Contact Info:
Between Sargasan & Reliance Cross Road,
Sargasan, Gandhinagar – 382421, Gujarat, India
Tel:- +91 75750 09000
Email Id: cs@aashkahospitals.in
Website: www.aashkahospitals.in


IPO Registrar Info:
203, Shangrila Arcade, Above Samsung Showroom,
Near Shyamal Cross Road, Satellite,
Ahmedabad – 380015, Gujarat, India.
Tel No: 079 – 48000319
Email Id: investor@accuratesecurities.com
Website: www.accuratesecurities.com