Issue Price
₹73
Per Share
GMP
NIL
Grey Market
Est. Listing
₹73
Expected Price
Min. Application
₹233,600
2 lots × 1600 shares
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 diseasesAffordable and non-invasive treatmentsExperienced leadership and well-trained teamIn-house IT platform for operational efficiency and innovationsMIS system for better management
Vaidya Sane Ayurved Laboratories Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 140,800 | — | ₹1.03 Cr | — |
| TOTAL | 2,771,200 | 100.00% | ₹20.23 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹116,800 |
| Retail (Max) | 13 | 20,800 | ₹1,518,400 |
| sNII (Min) | 14 | 22,400 | ₹1,635,200 |
| bNII (Min) | 68 | 108,800 | ₹7,942,400 |
| Particulars | 30-Sep-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue from Operations | 31.57 | 52.28 | 75.30 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 1.35 | 1.55 | -0.56 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 25.78 | 25.81 | 29.11 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |