Sane Ayurved Laboratories Limited IPOM
As of November 30, 2021, the 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. The company also operates two cardiac prevention and rehabilitation hospitals in Khopoli and Nagpur respectively.
The company offers several wellness products through their online portal Madhavbaug Wellness, and has an online app called MIB Pulse App which helps heart patients.
Competitive Strengths:
- The amalgamation of modern and ancient methods for curing diseases
- Affordable and non-invasive treatments
- Experienced leadership and well-trained team
- In-house IT platform for operational efficiency and innovations
- MIS system for better management
Company Promoters:
Dr. Rohit Madhav Sane is the company promoter.
Company Financials:
| Particulars | For the year/period ended (₹ in Millions) | ||
|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 257.80 | 258.06 | 291.11 |
| Total Revenue | 315.65 | 522.79 | 752.97 |
| Profit After Tax | 13.54 | 15.47 | -5.57 |
Objects of the Issue:
- Funding Branding and Advertising expenses
- General corporate purpose
Madhavbaug IPO Details
| IPO Opening Date | Feb 10, 2022 |
| IPO Closing Date | Feb 15, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹73 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | 2,771,200 Eq Shares of ₹10 (aggregating up to ₹20.23 Cr) |
| Fresh Issue | 2,771,200 Eq Shares of ₹10 (aggregating up to ₹20.23 Cr) |
Madhavbaug IPO Tentative Timetable
The Madhavbaug IPO open date is Feb 10, 2022, and the close date is Feb 15, 2022. The issue may list on Feb 23, 2022.
| IPO Open Date | Feb 10, 2022 |
| IPO Close Date | Feb 15, 2022 |
| Basis of Allotment Date | Feb 18, 2022 |
| Initiation of Refunds | Feb 21, 2022 |
| Credit of Shares to Demat Account | Feb 22, 2022 |
| IPO Listing Date | Feb 23, 2022 |
Madhavbaug IPO Lot Size
The Madhavbaug IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹116,800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹116,800 |
| Maximum | 1 | 1600 | ₹116,800 |
Madhavbaug IPO Promoter Holding
| Pre Issue Share Holding | 90.08% |
| Post Issue Share Holding | 66.34% |