About the Company:
Company is engaged in providing solution in healthcare sector as pediatric clinic chain provider.They offer exclusive services which can benefit the child for their healthcare needs.
Kids Clinic (TKC) is a venture of “Kids Medical Systems Private Ltd”started in June, 2013.
They partner with doctors at a clinic /premise level.They offer services which can assist and help doctors to manage, educate and develop their clinic, its infrastructure, its people and most importantly also provide guidance in services to parents of the child.
They had started from 1(one) clinic in Dombvilli (Thane District- Maharashtra) and reached to 15 (Fifteen) Hospitals/Doctors with whom they have entered into Management Partnership/ Franchisee agreements/Revenue sharing arrangement till date.
company is having one of the clinics in Harinivas at Mumbai, taken on leased basis and being run on owned-revenue sharing model, where they have hired the premises on a lease basis generally for a period of 2-3 years.
They tie up with Doctors and issue a letter of Intent to Doctors to visit their clinic for 2-4 hours in a day and render their service against which they would be sharing 30% to 50% of Net profit with Doctor partners.
Company’s focus is on delivering great health services by using technological platforms to connect the audience with the doctors and vice versa.
They also assist in all services like timely reminders on vaccinations and other services are offered to parents.
They provide the service Management/Light Asset Model which includes the clinic Management Software, clinic reports, Training, recruitment of staff, Online and Offline engagement with customers.
In addition they also provide Glow sign Boards, Paraphernalia, Standees and also arrange for co-branding marketing efforts, as and when required in Pre-School, Schools, mailers, SMS, whatsApp or other electronic or through other devices or modes.
Management Team:
- Mr. Anirvan Amitava Dam (Designation: Managing Director)
- Mrs. Pallavi Anirvan Dam (Designation: Non Executive & Non Independent Director)
- Dr. Nihar Pankaj Parekh (Designation: Independent Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Anirvan A. Dam | 10,25,728 | 9.77 |
| Mrs. Pallavi A. Dam | 11,88,017 | 1.86 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake (%) |
|---|---|---|
| Promoters | ||
| Mrs. Pallavi Dam | 23.34% | 16.75% |
| Mr. Anirvan Dam | 20.15% | 14.47% |
| Promoter Group Entities | 33.70% | 24.19% |
| Total | 77.18% | 55.41% |
Objectives of the Issue:
- To set up healthcare Clinics and purchase of interiors, furniture and allied infrastructure
- General Corporate Purpose
- Meeting Public Issue Expenses.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| To set up healthcareClinics and purchase of interiors, furniture and allied infrastructure | 4.0 |
| General Corporate Purpose | 1.40 |
| Public Issue Expenses | 0.60 |
| Net Proceeds | 6.00 crores |
Peer Group Comparison:
There are no listed entities similar to Kids Medical System’s line of business and comparable to their scale of operations.Hence we cannot make any comparison.
Financials of the Company:
| (in Lakhs) | FY 14 | FY 15 | FY 16 | FY 17 | 5th Sept 17 |
|---|---|---|---|---|---|
| Revenue | 23.5 | 59.32 | 95.99 | 225.70 | 32.36 |
| Net Profit | (-40.82) | (-79.16) | (-110.77) | 13.93 | 2.56 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 11th December 2017 |
| Issue Closes on:. | 14th December 2017 |
| Issue Price | Rs.30 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 28.20% |
| Issue Size | Rs.6.00 cr |
| Market Cap | Rs.21.27 cr |
| Listing at | BSE SME |
| Total Equity Shares Offered (Fresh) | 20,00,000 |
| Equity Shares Prior | 50,91,099 |
| Equity Shares after the issue | 70,91,099 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.28 | 107.14 | 29.29% | 0.96 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Avoid | NA | NA |
| Company Contact Info: |
|---|
| Kids Medical Systems Ltd F-806 Titanium City Center, Nr. Sachin Towers, 100 Feet Ring Road, Anand Nagar Road, Satellite, Ahmedabad – 380015 Tel: 079- 26764216 Email:pallavi.dam@thekidsclinic.in Website: www.thekidsclinic.in |
| IPO Registrar Info: |
|---|
| PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED Unit no. 9, Shiv Shakti Ind. Est. J.R. BorichaMarg, Lower Parel, (E),Mumbai – 400011 Tel. No: +91-022-23016761/8261 Fax No: +91-022-2301 2517 SEBI Registration No: INR000001112 Email : busicomp@vsnl.com /busicomp@gmail.com Website: www.purvashare.com |
| Lead Manager to the Issue: |
|---|
| GRETEX CORPORATE SERVICES PRIVATE LIMITED 102, 1st Floor, Atrium-2, Behind Coutyard Marriott Hotel, Andheri Kurla Road, Hanuman Nagar, Andheri- East, Mumbai-400093,Maharashtra Tel. No.: +91 – 22 – 40025273/9836822199, SEBI Registration No: INM000012177 Email:info@gretexgroup.com Website: www.gretexcorporate.com |
