Madhavbaug 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
| 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 | 10 Feb 2022 |
| IPO Closing Date | 15 Feb 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
| 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
| 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% |
Madhavbaug IPO Prospectus
Company Contact Information
| Vaidya Sane Ayurved Laboratories Limited Fl. 5, 1047, Shriram Bhawan, Shukrawar Peth, Pune – 411002, Maharashtra, India Phone: +91 7738070019 Email: cs@madhavbaug.com Website: https://madhavbaug.org/ |
Madhavbaug IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Madhavbaug IPO FAQs
| When Madhavbaug IPO will open? The Madhavbaug IPO dates are 10 Feb 2022 To 15 Feb 2022 |
| What is the lot size of Madhavbaug IPO? Madhavbaug IPO lot size and the minimum order quantity is 1600 Shares. |
| How to apply for Madhavbaug IPO? You can apply in Madhavbaug IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Madhavbaug IPO listing date? The Madhavbaug IPO listing date is not announced. The date of Madhavbaug IPO listing is [23 Feb 2022]. |
