About the Company:
Vaidya Sane Ayurved Laboratories Ltd (madhavbaug) is a unique medical service institution that strives to treat chronic ailments like cardiac disease, diabetes, hypertension and obesity with the distinctive outlook of amalgamating technology with traditional healing of Ayurveda.
Company’s approach to treatment using non-invasive, multidisciplinary and innovative therapies has helped establish company as a dependable option for treating the
chronic ailments.
Company is a health care provider primarily in the India’s chronic care ecosystem and provides healthcare services through Madhavbaug clinics.
As on November 30, 2021, company operates 274 clinics across Maharashtra, Madhya Pradesh, Gujarat, Uttar Pradesh, Goa, Karnataka, Delhi and Chhattisgarh. Out of these 52 are company owned and 222 are franchise clinics.
Company also operates two cardiac prevention and rehabilitation hospitals in Khopoli and Nagpur respectively.
Currently company’s network includes 274 Clinics and 2 Fully equipped Hospital.
MOU with Vaidya Sane’s Ayurvedic Education And Agricultural Research Trust.
Vaidya Sane’s Ayurvedic Education And Agricultural Research Trust is providing non invasive medical services through the Khopoli Hospital.
Company has entered into MOU dated April 1, 2019 with Vaidya Sane’s Ayurvedic Education And Agricultural Research Trust for the entire management, medical services and treatments being carried out at Khopoli Hospital.
In consideration the trust shall pay Company 80% of the total fees/ amount received by it under this arrangement on monthly basis after providing for all reasonable expenses and applicable taxes.
Plans to Expand Clinic Network.
As part of company’s future growth strategy, company proposes to expand and strengthen the existing clinic network.
Company will position new clinics in strategic locations in Maharashtra and expand Clinic Network in Madhya Pradesh, Uttar Pradesh and Gujarat.
Company further intends to Open Franchisee OPD clinics in Tier II & III cities to increase reach. Company also has plans to further expand Khopoli and Nagpur Hospitals.
Management Team:
- Dr. Rohit Madhav Sane (Designation: Managing Director & CEO)
- Dr. Vidyut B. Ghag (Designation: Whole Time Director)
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 | 30th Sept 21 |
|---|---|---|---|---|
| Revenue | 62.56 | 75.29 | 52.27 | 31.56 |
| Net Profit | 0.49 | (-0.55) | 1.54 | 1.35 |
Objectives of the Issue:
Fresh Issue: (Rs.20.2 cr )
- Funding Branding and Advertising expenses.
General Corporate Purposes.
Peer Group Comparison:
- Company does not have any listed peers which are comparable in terms of business.
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 10th February 2022 |
| Issue Closes on:. | 15th February 2022 |
| Issue Price | Rs.73 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 |
| Minimum Investment | Rs.1,16,800 |
| Issue Constitutes | 26.36% |
| Issue Size | Rs.20.2 cr |
| Market Cap | Rs.76.7 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 27,71,200 |
| Equity Shares Prior to the Issue | 77,42,250 |
| Equity Shares after the issue | 1,05,13,450 |
Also Read : List of Upcoming IPO’s in India.
Also Read : List of Upcoming SME IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 18th February 2022 |
| Initiation of Refunds | on or Before 21st February 2022 |
| Credit of Equity Shares: | on or Before 22nd February 2022 |
| Listing Date: | on or Before 23rd February 2022 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 2.22 | 32.88 | 15.84% | 15.95 |
| Check IPO Allotment Status: |
|---|
Bigshare: http://www.bigshareonline.com/IPO/AllotmentBSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| Vaidya Sane Ayurved Laboratories Ltd Fl. 5, 1047, Shriram Bhawan, Shukrawar Peth, Pune – 411002, Maharashtra, India; Tel: +91 7738070019; E-mail: cs@madhavbaug.com Website: www.madhavbaug.org |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059, Maharashtra, India Tel. No.: +91 22 6263 8200 Email:ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Dalal Street, Fountain, Mumbai – 400 001, Maharashtra, India. Tel No.: +91 22 4050 9999 Fax No: +91 22 4050 9900 Email: satish@focl.in / mala@focl.in Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in |
