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16 August 2023

Asarfi Hospital Limited IPO: Delivering Healthcare Excellence in Jharkhand

Introduction:

Incorporated in 2005, Asarfi Hospital Limited stands as a beacon of healthcare in Jharkhand. Founded by Nayan Prakash Singh and Harendra Singh in honor of their mother, Asarfi Devi, the hospital has been providing dedicated healthcare services to the people of Dhanbad for nearly two decades.

A Trusted Healthcare Provider:

Asarfi Hospital is a renowned 250-bed multi-specialty hospital that has earned the trust of the community it serves. The hospital is located in Dhanbad, Jharkhand, and has been a cornerstone of healthcare excellence. The hospital has received accreditation from the National Accreditation Board for Testing and Calibration Laboratories (NABL), further validating its commitment to quality.

Integrated Healthcare Services:

With a team of dedicated doctors, Asarfi Hospital is committed to offering comprehensive and expert healthcare services. The hospital's services encompass prevention, treatment, and rehabilitation, making it a one-stop destination for all healthcare needs. The hospital prides itself on its integrated approach to healthcare delivery.

Strong Partnerships:

To extend its reach and impact, Asarfi Hospital has collaborated with various Government Agencies, Insurance and Third-Party Administrator (TPA) providers, and Corporate Organizations. This enables the hospital to provide regular healthcare services to employees and beneficiaries under these partnerships.

Comprehensive Specialties:

Asarfi Hospital offers a wide range of specialties to cater to the diverse healthcare needs of the community. Some of the departments include Cardiology, General Medicine, Pediatrics & Neonatology, Obstetrics & Gynecology, Neurosciences, General Surgery, Gastroenterology, Pulmonology, Orthopedics, Plastic Surgery & Cosmetics, Oncology, Urology, and more.

Financial Performance

The financial performance of Asarfi Hospital reflects its growth and commitment to delivering quality healthcare:

Total Assets	₹3,729.45 Lakhs to ₹9,342.71 Lakhs
Total Revenue	₹5,439.90 Lakhs to ₹7,303.26 Lakhs
Profit After Tax	₹353.43 Lakhs to ₹801.53 Lakhs
Net Worth	₹1,689.90 Lakhs to ₹4,184.26 Lakhs

IPO Details:

Asarfi Hospital Limited's IPO is a Book Built Issue, with an issue size of ₹26.94 Crore. The IPO price band is set at ₹51 to ₹52 per share. The IPO subscription window was open from July 17, 2023, to July 19, 2023, and the anticipated listing date is July 26, 2023.

Promoter Holding:

The company is promoted by Harendra Singh, Nayan Prakash Singh, Udai Pratap Singh, Madhuri Singh, and Nitu Singh.

Expert Insights:

While Asarfi Hospital Limited operates in a competitive segment, its growth and expansion plans, as well as its FY23 performance, make the IPO appear reasonably priced. Given the market's interest in this segment, investors may consider investing for potential medium to long-term rewards.

Conclusion:

Asarfi Hospital Limited's IPO offers investors an opportunity to be part of a healthcare provider that has a strong legacy and commitment to excellence. With its integrated approach, strong partnerships, and expanding presence, the hospital is poised for further growth. Investors who align with the hospital's mission of delivering quality healthcare and its expansion plans may consider participating in its IPO for potential long-term gains.

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