Vaidya Sane Ayurved Laboratories Limited IPO (Madhavbaug IPO)

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Sane Ayurved Laboratories Limited IPOM

adhavbaug is a medical service institution engaged in the treatment of chronic ailments like cardiac disease, diabetes, hypertension, and obesity by combining modern technology with the traditional Ayurveda practices. It uses non-invasive, multidisciplinary, and innovative therapies for treating chronic ailments. The company mainly offers treatment for (i) Health disease reversal, (ii) Diabetes Reversal, (iii) BP Management, (iv) Obesity management, Knee pain relief.

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:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets257.80258.06291.11
Total Revenue315.65522.79752.97
Profit After Tax13.5415.47-5.57

Objects of the Issue:

  • Funding Branding and Advertising expenses
  • General corporate purpose

Madhavbaug IPO Details

IPO Opening DateFeb 10, 2022
IPO Closing DateFeb 15, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹73 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME
Issue Size2,771,200 Eq Shares of ₹10
(aggregating up to ₹20.23 Cr)
Fresh Issue2,771,200 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 DateFeb 10, 2022
IPO Close DateFeb 15, 2022
Basis of Allotment DateFeb 18, 2022
Initiation of RefundsFeb 21, 2022
Credit of Shares to Demat AccountFeb 22, 2022
IPO Listing DateFeb 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).

ApplicationLotsSharesAmount (Cut-off)

Madhavbaug IPO Promoter Holding

Pre Issue Share Holding90.08%
Post Issue Share Holding66.34%

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