Global Longlife Hospital and Research Limited IPO

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1. Mr. Suresh Jani along with the team of doctors and the investors have incorporated the Company with the vision to bring healthcare of international standards within the reach of every individual. The Company had acquired1339 sq.mt land in the prime locality of Ahmedabad for starting hospital in the month of March 2012, within approximately two months from the incorporation of the Company. The promoter with the help of the Doctor team had completed the Hospital within a period of three years and started hospital in the year 2015-16. At present the Promoters along with his family members hold 81.43 % stake in the Company

2. The Company is known as a Multi Speciality Tertiary Care Hospital of Gujarat with 110 beds well equipped for Medical & Surgical Specialities. As a policy any doctor having experience of more than 3 years can admit his patient in the hospital. Company’s staff strength also comprises 37 nursing staff and more than 50 paramedical, corporate and support staff and pharmacists

3. Also Company is certified by National Accreditation Board for Hospitals and Healthcare Providers (“NABH Accredited”)

4. The company has invested in and has established an IT system both for clinical purposes as well as integrating systems and processes through HMS (Hospital Management System)which includes Central Registration module, Appointment, Barcode Generation, Case Paper Generation, OPD Billing, Procedure billing, IPD Registration, Advance & Refund, Due billing, TPA/Package Billing, User Management, Doctor Sharing, Software Security, Management Reports, Discharge Summary towards streamlining our clinical and administrative functions.

5. For optimizing analysis and to cater a wide test menu, the lab has acquired various fully automated dependable technologies, namely:
1. 6 part differential Hematology cellcounter,
2. Automated Biochemistry Analyser (removed Random access walk away biochemistry analyser)
3. Blood gas and Electrolyte analyzer

6. Radiology Department has
Patient waiting area, Change room (for patients),  X ray room, CT room with console, Ultrasound Room, Storage space for supplies and films, Mammography

Competitive Strengths:

  1. Constant innovation.
  2.  Technical expertise.

Objects of the Global Longlife Hospital and Research Limited IPO:

The Company proposes to utilise the Net Proceeds from the issue for the following objects: 1. Acquire land on a leasehold basis. 2. Repayment of Loan and 3. General corporate purposes
DRHP of Global Longlife Hospital and Research Limited IPO
RHP of Global Longlife Hospital and Research Limited IPO

Global Longlife Hospital and Research Limited IPO Details:

Open Date: Apr 21 2022
Close Date: Apr 25 2022
Total Shares: 3,500,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPOv
Issue Size: 49 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 140 Per Equity Share
Listing At: BSE SME
Listing Date: May 03 2022

Promoters And Management:

1. Sureshkumar Jani, aged 59 years, is the Promoter, Chairman and Executive Director of the Company. He holds Master Degree in Business Administration from Allahabad University. He has a vast experience of more than 30 years in the fields of Cotton, Oil, construction and related businesses. He presently looks after the finance and administrative activities of the Global Hospital. He has been awarded as a Times Men of the Year, as felicitated for his contribution towards the society in the field of Social Initiatives by A Times Group Company. 2. Dhruv Jani, aged 33 years, Promoter and Managing Director of the Company. He has been appointed as Managing Director of the company w.e.f. September 10, 2021. He holds a Bachelor Degree of Business Administration from Gujarat University. He has experience of more than 9 years in the cotton and oil business. He is associated with the Company since 2015. He presently looks after finance, overall management and operation of the company. 3. Sucheta Jani aged 29 years, Non Executive Director of the Company. She holds a Bachelor degree of Engineering in Information Technology from Gujarat Technological University. She being a family member of Promoters of the Company has been always part of the Management of the Company and continues to give her valuable suggestion on either Business Expansion Strategies or built up the IT segment by digitalised every process in the Company.

Financials of Global Longlife Hospital and Research Limited IPO:

Particulars (in Lakhs) Dec-21 Mar-21 Mar-20 Mar-19
Sales 2,651 3,270 3,354 3,454
Cost of Material Consumed 339 720 524 524
Change in Inventories -17 138 -18 -89
Employee Benefits Expense 294 438 414 518
Other Expenses 1,122 1,367 2,098 1,825
Operating Profit 913 607 336 676
OPM % 34.44% 18.56% 10.02% 19.57%
Other Income 23 6 11 15
Interest 111 243 241 207
Depreciation 129 188 213 215
Profit before tax 696 182 -106 269
Total Tax Exps 310 78 -20 132
Net Profit 386 104 -86 136
NPM % 14.56% 3.18% -2.56% 3.94%
No. of shares 105.00 105.00 105.00 105.00

Comparison With Peers:

Name of the Company Face Value EPS PE RoNW Book Value Sales (In Lakhs) PAT (In Lakhs)
Global Longlife Hospital and Research Limited 10 1.48 94.59 11.54% 12.81 3,277 104
Aashka Hospitals Ltd 10 2.57 30.5 15.40% 18.3 4,069 411
KMC Speciality Hospitals (India) Ltd 10 1.52 44.6 22.40% 4.57 10,300 1,300

Recommendation on Global Longlife Hospital and Research Limited IPO:

Review and Recommendation of Global Hospital and Research Limited IPO by InvestorZone is 4/10 1. There is no growth in the company in the last 3 years. May be after the construction of new hospital growth will come. 2.  Hospital is run by promoters who are not doctors. So, they are dependent on other doctors to run and operate the hospital. 3. Global Hospital IPO has ROCE of 33% in FY21 which is excellent. 4. Global Hospital is also generating positive cash flow from operations. 5. P/E = 30x ( if we annualise the 9MFY22 results). Looks over-valued.

Lead Manager of Global Longlife Hospital and Research Limited IPO:

  1. Interactive Financial Services

Registrar of Global Longlife Hospital and Research Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Global Longlife Hospital and Research Limited Global Hospital, Opp. Auda Garden, Nr. Water Tank, Bodakdev, Ahmedabad - 380054 Phone: 079-29708041/42/43 Email: investor@globalhospital.co.in Website: https://globalhospital.co.in/

Discussion on Global Longlife Hospital and Research Limited IPO:

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