Achyut Healthcare Limited IPO (Mar 17, 2022-Mar 22, 2022)

Incorporated in 1996, Achyut Healthcare Limited is engaged in the trading of Pharmaceutical Products. The company has business operations in both domestic and international markets in the countries namely UAE, Kenya, and Nigeria. The company is located in Ahmedabad, Gujarat.

The company involves in the trading of Cenzure, Arpimune, Azathioprine IP, Everomimus, Mycophenolate Mofetil USP, Mycophenolate Sodium USP, Sirolimus, Tacrolimus USP, Infrared thermometer, Ascorbic Acid Coated Vitamin C, Calcium carbonate oyster, Cellulose acetate Phthalate, Chlorthalidone IP, Cross Carmalose Sod IP/USP, DI Basic Calcium Phosphate IP, DI Ethyl Phthlate, Diltiazem Hydrochloride IP, Easy Coat Fc Titanium Dioxide, Escitalopram IP, Escitalopram Oxalate, Favipiravir among many other products.

Competitive Strengths:

  1. Pan India and Global market presence.
  2. Long-standing relationship with our customers having an exponentially strong rise and reach.
  3. Experienced management team with proven project management and implementation skills.
  4. Multi-location facilities have aided in market penetration and developing a strong presence in India and abroad.

Company Promoters:

Mahendra Chatrabhuj Raycha and Akshit Mahendra Raycha are the company promoters.

Company Financials:

ParticularsFor the year/period ended (Rs in Lakhs)
Total Assets588.6847.1327.2623.73
Total Revenue272.5427.4334.5666.78
Profit After Tax12.630.741.40(1.46)

Objects of the Issue:

The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:

  1. Funding purchases of machinery and equipment.
  2. General Corporate Purposes.

achyut-healthcare-ipo Details

IPO Opening DateMar 17, 2022
IPO Closing DateMar 22, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹20 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME
Issue Size1,800,000 Eq Shares of ₹10
(aggregating up to ₹3.60 Cr)
Fresh Issue1,800,000 Eq Shares of ₹10
(aggregating up to ₹3.60 Cr)
Retail Shares Offered50%
NII (HNI) Shares Offered50%

achyut-healthcare-ipo Tentative Timetable

The achyut-healthcare-ipo open date is Mar 17, 2022, and the close date is Mar 22, 2022. The issue may list on Mar 30, 2022.

IPO Open DateMar 17, 2022
IPO Close DateMar 22, 2022
Basis of Allotment DateMar 25, 2022
Initiation of RefundsMar 28, 2022
Credit of Shares to Demat AccountMar 29, 2022
IPO Listing DateMar 30, 2022

achyut-healthcare-ipo Lot Size

The achyut-healthcare-ipo market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

ApplicationLotsSharesAmount (Cut-off)

achyut-healthcare-ipo Promoter Holding

Pre Issue Share Holding90.28%
Post Issue Share Holding66.18%

3rd Party IPO Application

SBI Bank, Axis Bank, Bank of Baroda (BoB), RBL Bank and IndusInd Bank.

achyut-healthcare-ipo Review

The company has posted minuscule financial performances till FY21 and has marked bumper top and bottom line for the first half of the current fiscal. Since the company is having third party trading activity, sustainability of such performance going forward is a major concern. Even with this super current earning, its asking price is at a P/E of 54 making it a costly bet. There is no harm in ignoring this pricy offer.

achyut-healthcare-ipo Subscription Status (Bidding Detail)

The achyut-healthcare-ipo is subscribed 0.49 times on Mar 17, 2022 7:04:00 PM. The public issue subscribed 0.63 times in the retail category, times in the QIB category, and 0.36 times in the NII category.

CategorySubscription (times)

Company Contact Information

Achyut Healthcare Limited
610 Colonade, B/H Iscon Temple,
Opposite Iscon, BRTS Bus Stand,
Iscon – Ambali Road, Ahmedabad- 380 058,
Phone: 07948982691

achyut-healthcare-ipo Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000

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