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  • By Goodwill
  • 1,901 Comments
  • October 28, 2023

IPO : KK Shah Hospitals Limited

KK Shah Hospitals Limited IPO

Our company, initially known as Jeevan Parv Healthcare Limited, was incorporated in Ratlam on August 25, 2022, under the Companies Act, 2013.

We subsequently changed our name to KK Shah Hospitals Limited and obtained a fresh certificate of incorporation from the Registrar of Companies, Gwalior on November 30, 2022. As per our main objective, we acquired M/s Shah Hospital (formerly known as Shah Maternity and Nursing Home) through a Business Transfer Agreement with one of our promoters, Dr. Kirti Kumar Shah, on December 31, 2022.

 SYMBOL KKSHL
 ISSUE TYPE Fixed Price Issue IPO
 ISSUE OPENS ON October 27, 2023 (Friday)
 ISSUE CLOSES ON October 31, 2023 (Tuesday)
 ISSUE PRICE Rs.45 per share
 ISSUE SIZE Up to Rs.8.78 Crores
 FACE VALUE Rs.10 per share

KK Shah Hospitals IPO is a fixed price issue of Rs 8.78 crores. The issue is entirely a fresh issue of 19.5 lakh shares.

KK Shah Hospitals IPO bidding opened for subscription on October 27, 2023 and will close on October 31, 2023. The allotment for the KK Shah Hospitals IPO is expected to be finalized on Friday, November 3, 2023. KK Shah Hospitals IPO will list on BSE SME with tentative listing date fixed as Wednesday, November 8, 2023.

KK Shah Hospitals IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.

 MINIMUM BID 3000 shares
 MINIMUM AMOUNT  Rs.1,35,000
 MAXIMUM BID 3000 shares
 MAXIMUM AMOUNT  Rs.1,35,000
 PROMOTER HOLDING 71.36 % (Post-issue)
 LISTING DATE November 8,2023 (Wednesday)
 LISTING AT BSE-SME

Fedex Securities Pvt Ltd and Shreni Shares Private Limited are the book running lead managers of the KK Shah Hospitals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for KK Shah Hospitals IPO is Rikhav Securities.

Refer to KK Shah Hospitals IPO RHP for detailed information.

Objects of the Issue (KK Shah Hospitals IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Purchase of medical equipment.
  2. General corporate purposes.
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