KK Shah Hospitals Limited, previously known as Jeevan Parv Healthcare Limited, provides inpatient and outpatient healthcare services through its hospital in Ratlam, Madhya Pradesh.
Dr. Kirti Kumar Shah, one of the promoters of the company, started a clinic in 1976 in Ratlam. Subsequently, a nursing home in 1991 under the name Shah Maternity and Nursing Home. After that, Dr. Kirti Kumar Shah expanded his services by setting up a hospital named Shah Hospital and roped in renowned doctors. In December 2022, KK Shah Hospitals acquired M/s Shah Hospital (formerly known as Shah Maternity and Nursing Home), vide Business Transfer Agreement.
KK Shah Hospital has over 26 beds for in-patient and out-patient treatment and is equipped with diagnostic devices such as CT scans, DEXA scans, BMD, sonography, and X-ray machines. The company conducted over 75-80 surgeries per month (consisting of over 30 orthopedics, 15 gynecologists, 25 general surgery, 10 dental & other branches) during the FY 2021-22 and also during the period starting from 1st April 2022 to 15th February, 2023 and provided healthcare services to an aggregate of approx. 2,200-2,350 patients per month, consisting of approx. 200-250 Indoor Patients per month and approx. 2000-2100 Outpatient per month.
On January 28, 2023, the company entered into an agreement with M/s. Life Care Diet Service to provide food services to its patients and a cafeteria for the attendants in the hospital.
The company is a member of the Biomedical Waste Management System, Ratlam for the disposal of biomedical waste. It is also certified by the National Accreditation Board for Hospitals and Healthcare Providers (NABH Accredited) as a primary-level small healthcare organization in Madhya Pradesh.
KK Shah Hospitals IPO – Details
| IPO Opening Date | 27 October 2023 |
| IPO Closing Date | 31 October 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 19,50,000 Shares Worth ₹8.78 Crore Fresh Issue: 19,50,000 Shares Worth ₹8.78 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
KK Shah Hospitals IPO – Date Schedule
| IPO Open Date | 27 October 2023 |
| IPO Close Date | 31 October 2023 |
| Basis of Allotment | 03 November 2023 |
| Initiation of Refund | 06 November 2023 |
| Credit of Shares to Demat Account | 07 November 2023 |
| IPO Listing Date | 08 November 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 31, 2023 |
KK Shah Hospitals IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | 1,35,000 |
| Retail (Maximum) | 1 | 3000 | 1,35,000 |
| HNI (Minimum) | 2 | 6000 | 2,70,000 |
Competitive Strengths
- Clinical Excellence and Affordable Healthcare;
- Ability to attract and retain high quality doctors, consultants and medical support staff;
- Experienced management team with a strong execution track record; and
- Experienced player with longstanding presence and brand recall.
Company Promoters
- Dr. Amit Shah
- Dr. Kirti Kumar Shah
Object Of The Issue
- Purchase of medical equipment.
- General Corporate Purposes.
- Public Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 15 February 2023 | 1.18 | 0.97 | 0.15 | – |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 100 |
| EPS (Rs) | 0.45 |
| RoNW | 4.28 |
KK Shah Hospitals IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.36% |
KK Shah Hospitals IPO Prospectus
- KK Shah Hospitals IPO DRHP
- KK Shah Hospitals IPO RHP
Company Contact Information
| KK Shah Hospitals Limited 124, Katju Nagar, Swastik APP., Ratlam-457001 Phone: 07412230199 Email: info@shahhospitalratlam.com Website: http://shahhospitalratlam.com/ |
KK Shah Hospitals IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
KK Shah Hospitals IPO Lead Manager(s)
| 1. Fedex Securities Pvt Ltd 2. Shreni Shares Private Limited |
KK Shah Hospitals IPO FAQs
| What is KK Shah Hospitals IPO? KK Shah Hospitals IPO is a SME IPO. The issue is priced at ₹45 per equity share. The IPO is to be listed on BSE SME. |
| When KK Shah Hospitals IPO will open? The IPO is to open on 27 October 2023 for Other – 50% and Retail – 50% Investors. |
| How to KK Shah Hospitals IPO? You can apply KK Shah Hospitals 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 KK Shah Hospitals IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “KK Shah Hospitals”. 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 KK Shah Hospitals IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “KK Shah Hospitals”. 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 Edelweiss. |
| What is KK Shah Hospitals IPO Size? KK Shah Hospitals IPO size is ₹8.78 crores. |
| What is KK Shah Hospitals IPO Price Band? KK Shah Hospitals IPO Price Band is ₹45. |
| What is KK Shah Hospitals IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,35,000 amount while the maximum bid is 3000 shares with ₹1,35,000. |
| What is the KK Shah Hospitals IPO Allotment Date? KK Shah Hospitals IPO allotment date is 03 November 2023. |
| What is the KK Shah Hospitals IPO Listing Date? KK Shah Hospitals IPO listing date is 08 November 2023. The IPO is to list on BSE SME. |
