Aakaar Medical Technologies Limited is a leading provider of medical aesthetic and cosmetic dermatology services in India. The founder has over 25 years of experience in the aesthetic space, beginning in 1999 with a proprietary firm before formalizing operations under Aakaar.
The company provides a diverse portfolio of specialized cosmetic and aesthetic medical products and devices, catering specifically to:
- Dermatologists
- Plastic surgeons
- Aesthetic physicians
- Cosmetologists
Aakaar operates on a B2B model, supplying these professionals who then use or sell the products to end consumers.
🧴 Product Portfolio Highlights
The product range includes:
- Professional & Homecare Skincare
- Injectables & Body Contouring Products
- Hair Growth Serums, Tablets, and Anti-Hair Loss Solutions
- Medifacial Kits
- Devices for:
- Laser Hair Reduction
- Tattoo Removal
- Pigmentation Treatment
- Skin Rejuvenation
- Urinary Incontinence
- Hair Transplant
🏷️ Brand Structure
Aakaar offers:
- Own Brands:
Developed under white-label or loan licensing arrangements using third-party manufacturers. - Imported Brands:
Distributed via strategic partnerships with manufacturers from South Korea, Spain, Italy, and Austria.
📍 Geographical Reach
Aakaar serves clients across multiple Indian states, including:
- Delhi, Haryana, Punjab, Chandigarh, Uttarakhand, Uttar Pradesh, Bihar, West Bengal, Assam, Gujarat, Madhya Pradesh, Maharashtra, Karnataka, Telangana, and Tamil Nadu.
👨🔧 Sales & Support Team
- Over 90 trained sales and service engineers.
- Focused on providing support to thousands of healthcare professionals across India.
Aakaar Medical Technologies IPO – Details
| IPO Opening Date | 20 June 2025 |
| IPO Closing Date | 24 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 37,50,400 Shares Worth ₹27.00 Crore Fresh Issue: 37,50,400 Shares Worth ₹27.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹68 – ₹72 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Registrar | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Aakaar Medical Technologies IPO – Date Schedule
| IPO Open Date | 20 June 2025 |
| IPO Close Date | 24 June 2025 |
| Basis of Allotment | 25 June 2025 |
| Initiation of Refund | 26 June 2025 |
| Credit of Shares to Demat | 26 June 2025 |
| IPO Listing Date | 27 June 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 24, 2025 |
Aakaar Medical Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,15,200 |
| Retail (Max) | 1 | 1600 | ₹1,15,200 |
| HNI (Min) | 2 | 3200 | ₹2,30,400 |
Competitive Strengths
- Experienced Management & Leadership Team.
- Diversified Customer Base.
- Diversified Product Base.
- Pan India reach through our Consignment Sales partner.
Company Promoters
- Dilip Ramesh Meswani
- Bindi Dilip Meswani
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | 32.88 | 29.78 | 2.15 | 5.87 |
| 31 March 2024 | 46.27 | 42.39 | 2.87 | 15.06 |
| 31 March 2025 | 61.76 | 53.68 | 6.04 | 22.74 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.81% |
| ROCE | 21.02% |
| RoNW | 33.81% |
| Debt/Equity | 0.98 |
| PAT Margin | 9.81% |
| EBITDA Margin | 15.81% |
| Net Asset Value per Share | ₹22.26 |
| EPS (Basic & Diluted) | ₹6.13 |
| Current Ratio | 1.33 |
| DSCR (Debt Service Coverage Ratio) | 3.91 |
| Inventory Turnover Ratio | 4.29 |
| Trade Receivables Turnover Ratio | 2.78 |
| Trade Payables Turnover Ratio | 14.76 |
| Net Capital Turnover Ratio | 2.81 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.13 | 4.72 |
| P/E (x) | 11.74 | 15.23 |
Object Of The Issue
| S.No. | Objects of the Issue | Expected Amount (in Crore) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 20.35 |
| 2 | General corporate purposes | To be finalized |
Aakaar Medical Technologies IPO Peer Comparison
- The company doesn’t have any similar listed companies in India, so it’s difficult to compare its performance, value, and business model with others in the stock market.
✅ Strengths
- Diversified Product Portfolio: Offers both own brands and imported brands in medical aesthetic products, sourced from countries like South Korea, Spain, Italy, and Austria.
- Established B2B Model: Supplies primarily to dermatologists, plastic surgeons, and aesthetic physicians.
- Strong Revenue Growth: Witnessed significant growth with ₹6,158.28 lakhs revenue in FY 2025.
- Wide Geographic Reach: Operates across multiple Indian states including Maharashtra, Gujarat, Karnataka, West Bengal, etc.
- Skilled Sales Network: 90+ trained sales and service professionals support its product reach and servicing.
- Product Innovation: Includes medifacial kits, laser and contouring devices, skin and haircare injectables, and urinary incontinence devices.
- Partnerships with Global Leaders: Exclusive tie-ups with brands like Regenera Activa and Tesslift.
- Asset-Light Manufacturing: Uses loan licensing models with FDA and GMP-certified partners in Gujarat and Himachal Pradesh.
⚠️Risks
- High Customer Concentration: A significant portion of revenue is derived from top 5 customers, posing dependency risks.
- Leased Infrastructure: All operational premises are leased, creating potential continuity risks.
- Reliance on Imported Goods: Majority revenue comes from imported products, making it vulnerable to FX and geopolitical changes.
- Recent Conversion to Public Entity: Changed from private to public company only in Nov 2024, limiting historical governance benchmarks.
- No Long-Term Raw Material Contracts: Exposes company to price volatility.
- Pending IP Transfers: Some trademarks and intellectual property are still under transition from the earlier partnership structure.
Aakaar Medical Technologies IPO Promoter Holding
| Pre Issue Share Holding | 91.11% |
| Post Issue Share Holding | -% |
Aakaar Medical Technologies IPO Prospectus
Company Contact Information
| Aakaar Medical Technologies Limited 801, Heritage Plaza, Telli Galli Cross Road Andheri (East), Mumbai, Maharashtra, 400069 Phone: +91 84528 44024 Email: companysecretary@aakaarmedical.in Website: https://aakaarmedical.in/ |
Aakaar Medical Technologies IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Aakaar Medical Technologies IPO Lead Manager(s)
| 1. Indorient Financial Services Ltd |
Aakaar Medical Technologies IPO FAQ
| What is Aakaar Medical Technologies IPO? Aakaar Medical Technologies IPO is a SME IPO. The issue is priced at ₹68 to ₹72 per equity share. The IPO is to be listed on NSE SME. |
| When Aakaar Medical Technologies IPO will open? The IPO is to open on 20 June 2025 for QIB, NII, and Retail Investors. |
| What is Aakaar Medical Technologies IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Aakaar Medical Technologies IPO? You can apply Aakaar Medical Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Aakaar Medical Technologies IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Aakaar Medical Technologies IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Aakaar Medical Technologies IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Aakaar Medical Technologies IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Aakaar Medical Technologies IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Aakaar Medical Technologies IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Aakaar Medical Technologies IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Aakaar Medical Technologies IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Aakaar Medical Technologies IPO Size? Aakaar Medical Technologies IPO size is ₹27.00 Crore. |
| What is the Aakaar Medical Technologies IPO Price Band? Aakaar Medical Technologies IPO Price Band is ₹68 to ₹72. |
| What is Aakaar Medical Technologies IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1600 Shares with ₹1,15,200 amount while the maximum bid is 1600 Shares with ₹1,15,200. |
| What is the Aakaar Medical Technologies IPO Allotment Date? Aakaar Medical Technologies IPO allotment date is 25 June 2025. |
| What is the Aakaar Medical Technologies IPO Listing Date? Aakaar Medical Technologies IPO listing date is 27 June 2025. The IPO is to be listed on the NSE SME. |
