Hemant Surgical Industries IPO Details ( Hemant Surgical Industries Limited IPO Review )
(24 May 2023 – 26 May 2023)
Hemant Surgical Industries Limited, established in 1989, operates as a company involved in the manufacturing, importing, assembling, and marketing of a wide range of medical equipment and disposables. With a diverse portfolio, they offer a comprehensive selection of products in the healthcare sector.
The company offers a broad range of medical equipment and disposables, encompassing:
- Renal Care
- Cardiovascular disease
- Respiratory disease
- Critical Care and Radiology
- Surgical disposables
The assembly units of the company receive imported products from various countries, including Japan, China, France, and Australia. These products undergo processing and assembly to meet the company’s quality standards before they are distributed to the market.
At present, Hemant Surgical Industries operates with one manufacturing unit and two assembly units. The first manufacturing unit is located at Achad Industrial Estate and has been in operation since 1999. It serves as the company’s initial base for importing and marketing medical disposables. The remaining two assembly units, situated at Atgaon and Bhiwandi, respectively, are primarily responsible for the assembly of medical products and devices. These units play a crucial role in ensuring the efficient production and assembly of the company’s diverse range of medical equipment.
Hemant Surgical Industries takes pride in its certified facilities, adhering to ISO 9001:2015 and ISO 13485:2016 standards. These certifications validate the company’s commitment to maintaining high-quality standards in its operations. To ensure the smooth functioning of manufacturing and assembly line processes, the company has a well-equipped quality control department. Staffed with experienced and qualified professionals, the department oversees the implementation of quality control measures and conducts thorough inspections to ensure the production of reliable and safe medical equipment and devices.
Hemant Surgical Industries Limited Company Product
- Healthcare Products and Medical Equipments:
- Renal Care Products and Medical Equipments
- Cardiovascular Disease Related Medical Equipments
- Respiratory Disease Related Medical Equipments
- Critical Care and Radiology Medical Equipments
- Surgical Disposables:
- Other Healthcare Products:
Hemant Surgical IPO Competitive Strength
- We offer a diversified range of products.
- Existing well established reputation and customer relationships
- Quality Assurance
- Experienced management team with industry expertise and successful track record
- Stable financial performance with improved margins
- Capitalise on industry tailwinds
- Focus on consistently meeting quality standards
- Deepen and expand our geographical presence.
- Strengthening up our business through effective branding, promotional and digital activities
- Focus on backward integration
Hemant Surgical Industries IPO Financials Performance ( Results )
Hemant Surgical Industries Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 4,289.84 | 6,065.19 | 114.53 | 2.22 | 836.61 | 16.58 | 653.38 | 1,446.35 |
| 31-Mar-22 | 5,437.59 | 10,577.02 | 461.40 | 8.96 | 1,298.01 | 25.54 | 1,114.78 | 973.80 |
| 31-Mar-23 | 6,490.79 | 11,149.68 | 765.11 | 10.28 | 2,359.90 | 31.70 | 1,591.90 | 711.92 |
Objective of IPO Issue
- Funding Capital Expenditure towards the installation of additional plant and machinery.
- Funding to meet working capital requirements.
- General Corporate Purpose.
- Issue expenses.
Hemant Surgical Industries IPO Basic Details
| IPO Date | May 24, 2023 to May 26, 2023 |
| Listing Date | Monday, June 5, 2023 |
| Face Value | ₹10 per share |
| Price | ₹85 to ₹90 per share |
| Lot Size | 1600 Shares |
| Issue Size | 2,760,000 shares (aggregating up to ₹24.84 Cr) |
| Fresh Issue | 2,760,000 shares (aggregating up to ₹24.84 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,680,000 |
| Share holding post issue | 10,440,000 |
| Company Promoters | Hanskumar Shamji Shah, Kaushik Hanskumar Shah, Hemant Praful Shah |
Hemant Surgical IPO Reservation
| QIB Shares Offered | 50% of the Offer |
| NII (HNI) Shares Offered | 15% of the Offer |
| Retail Shares Offered | 35% of the Offer |
Hemant Surgical IPO Timetable
Hemant Surgical IPO will open on May 24, 2023 and close on May 26, 2023. You can join Hemant Surgical IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 24 May 2023 (Wednesday) |
| Closing Date | 26 May 2023 (Friday) |
| Basis of Allotment | 31 May 2023 (Wednesday) |
| Initiation of Refunds | 1 June 2023 (Thursday) |
| Credit of Shares to Demat | 2 June 2023 (Friday) |
| Listing Date | 5 June 2023 (Monday) |
| Deadline for Confirming UPI mandate | 5 PM on 5 June 2023 |
Hemant Surgical Industries IPO Lot Size
For retail investors in Hemant Surgical Industries IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹144,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹144,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| S-HNI (Min) | 2 | 3200 | ₹288,000 |
Hemant Surgical Industries IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.56% |
Hemant Surgical Industries IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹10.26 per Equity Share |
| Price/Earning P/E Ratio | 12.28 |
| Return on Net Worth (RoNW) | 32.42% |
| Net Asset Value (NAV) | ₹10.28 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 2.84 |
Hemant Surgical Industries Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 93.96 |
| P/E (x) | 12.28 |
| ROE (%) | 32.42 |
| ROCE (%) | 37.98 |
| Debt/Equity | 0.3 |
Hemant Surgical Industries Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | P/BV Ratio |
| Hemant Surgical Industries Limited | Standalone | – | 10 | 10.26 | 12.28 | 32.42 | – |
| Peer Group | |||||||
| Poly Medicure Ltd | Standalone | 983.15 | 5 | 15.28 | 64.34 | 13.47 | 7.51 |
Hemant Surgical Industries IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 3 June 2023 | ₹67 | – | – |
| 2 June 2023 | ₹55 | – | – |
| 1 June 2023 | ₹55 | – | – |
| 31 May 2023 | ₹50 | – | – |
| 30 May 2023 | ₹65 | – | – |
| 29 May 2023 | ₹70 | – | – |
| 28 May 2023 | ₹66 | – | – |
| 27 May 2023 | ₹62 | – | – |
| 26 May 2023 | ₹50 | – | – |
| 25 May 2023 | ₹60 | – | – |
| 24 May 2023 | ₹55 | – | – |
| 23 May 2023 | ₹46 | – | – |
| 22 May 2023 | ₹40 | – | – |
Hemant Surgical Industries IPO Detail Video:
Hemant Surgical Industries IPO Subscription Status (Bidding Detail)
The Hemant IPO on May 26, 2023 at 7:30:00 PM was subscribed 139.70 times, with the retail category being subscribed 158.73 times, the NII (Non-Institutional Investor) category being subscribed 203.26 times and the QIB (Qualified-Institutional Buyers) category being subscribed 41.05 times.
| Category | Subscription |
| QIB | 41.05x |
| NII | 203.26x |
| Retail | 158.73x |
| Total | 139.70x |
Hemant Surgical Industries IPO Prospectus
Hemant Surgical Industries IPO Rating
| Our Rating | 2.5/5.0 |
Hemant Surgical Industries Company Contact Information
Hemant Surgical Industries Limited
Registered Office: 502, 5th Floor, Ecstacy Business Park,
Co-Op Society Limited, J.S.D. Road, Mulund (West),
Mumbai – 400 080, India.
Contact Person: Mrs. Meenal Ajmera, Company Secretary & Compliance Officer
Tel No: 022-25915289/ 022-25912747
E-mail: cs@hemantsurgical.com
Website: www.hemantsurgical.com
Promoters of our Company: Hanskumar Shamji Shah,
Kaushik Hanskumar Shah, Hemant Praful Shah
Hemant Surgical Industries IPO Registrar
Bigshare Services Private Limited
Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East) Mumbai – 400093, India.
Tel No.: +91 22 6263 8200
Facsimile: +91 22 6263 8299
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Swapnil Kate
SEBI Registration Number: MB/INR000001385
CIN: U99999MH1994PTC076534
Hemant Surgical Industries IPO Lead Manager
Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Tel. No.: +91- 022- 49060000;
Fax No.: +91- 022- 22625991
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Mrs. Roshni Lahoti
SEBI Regn. No.: INM000010981
Hemant Surgical Industries IPO FAQs
What is the lot size of Hemant Surgical Industries IPO?
The total size of Hemant Surgical Industries IPO is ₹24.84 crores and this is a complete fresh Issue.
When will Hemant Surgical Industries IPO start?
Hemant Surgical Industries IPO will Open from 24 May 2023 and IPO will Close on 26 May 2023.
What is the open date of Hemant Surgical Industries IPO?
Hemant Surgical Industries IPO will open date from 24 May 2023.
What is the last date ( close date ) of Hemant Surgical Industries IPO?
Hemant Surgical Industries IPO will close from 26 May 2023.
What is the price band of Hemant Surgical Industries IPO?
Hemant Surgical Industries IPO price band is ₹85 to ₹90. ( Upper Price Band: ₹90, Lower Price Band: ₹85 )
What is the minimum amount required to apply for Hemant Surgical Industries IPO?
The minimum investment for retailers to apply for Hemant Surgical Industries IPO is ₹144,000 and the maximum investment is ₹144,000.
What is going on gray market premium of Hemant Surgical Industries IPO?
View gray market premium of Hemant Surgical Industries IPO by Clicking Here
How much is the GMP of Hemant Surgical Industries IPO?
Watch Hemant Surgical Industries IPO GMP Today: Click Here
What is the allotment date of Hemant Surgical Industries IPO?
The Allotment Date of Hemant Surgical Industries IPO is 31 May 2023.
How to check allotment status in Hemant Surgical Industries IPO?
To check the allotment status of Hemant Surgical Industries IPO, first of all go to the registrar website by clicking here, select your bad Hemant Surgical Industries IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Hemant Surgical Industries IPO?
The Listing Date of Hemant Surgical Industries IPO is 5 June 2023.
How much will be the listing gain in Hemant Surgical Industries IPO?
View listing gain of Hemant Surgical Industries IPO by Clicking Here
How much time Hemant Surgical Industries IPO is subscribed?
Total 139.70 times subscribed in Hemant Surgical Industries IPO out of which 158.73 times subscription was done in retail quota, 203.26 times subscription in NII quota and 41.05 times subscription in QIB quota.
How to apply for Hemant Surgical Industries IPO from Upstox?
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How to apply for Hemant Surgical Industries IPO from Zerodha?
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