Vaidya Sane Ayurved Laboratories Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,315,200 (47%) | — | ₹960 Cr |
| Retail | — | 1,315,200 (47%) | — | ₹960 Cr |
| Market Maker | — | 140,800 (5%) | — | ₹10 Cr |
| Σ Total | — | 2,771,200 (100%) | — | ₹20,230 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹116,800 |
| Retail (Max) | 13 | 20,800 | ₹1,518,400 |
| S-HNI (Min) | 14 | 22,400 | ₹1,635,200 |
| B-HNI (Min) | 67 | 107,200 | ₹7,825,600 |
Financial Statements Amount In Crore
| Metric | 30-Sep-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 32 | 52 | 75 |
| Profit After Tax | 1 | 2 | -1 |
| Total Assets | 26 | 26 | 29 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Expenses on Marketing and Branding – 16.00
- 2 General Corporate Purposes – 3.73
- 3 Issue Related Expenses – 0.50
Company Overview
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