Jeena Sikho Lifecare Limited IPO
i. Jeena Sikho Lifecare Limited is ayurvedic healthcare company headquartered in Zirakpur, Punjab. Founded by Mr. Manish Grover (popularly known as Acharya Manish) in the year 2017, the main motive of the Company is to build a healthy India through preventive measures by providing authentic and good quality ayurvedic products.
ii. The origin of Ayurveda dates back to the Vedic era. It was developed more than 3,000 years ago in India. It’s based on the belief that health and wellness depend on a delicate balance between the mind, body, and spirit. Its main goal is to promote good health, not fight disease. Ayurvedic theory states that all areas of life impact one’s health, so it follows that the Vedas cover a wide variety of topics, including health and healthcare techniques, astrology, spirituality, government and politics, art, and human behavior.
iii. The promoters of the company have been engaged in ayurvedic healthcare product & services since last ten years. Initially in 2009, Mr. Manish Grover, promoter of the Company started “God Grace Foundation”, thereafter, they built a brand name called “Divya Upchar”. In the year 2017, they incorporated the company in the name of “Jeena Sikho Lifecare Private Limited”. In the year 2018, they came up with their project i.e. Shuddhi Ayurveda.
iv. Shuddhi Ayurveda Panchkarma Hospital is a unit of Jeena Sikho Lifecare Limited. It provides treatment by different methods such as Ayurveda, Allopathy, Homeopathy and Naturopathy. It cures various diseases such as Cancer, Diabetes, Liver problems, Arthritis, Cholestrol, Thyroid, Leukoderma, Joint pain and many more. The Shuddhi Ayurveda Panchkarma Hospital is situated at Dera Bassi, Punjab, with a capacity of 49 beds.
i. Dr Shuddhi Package (Shuddhi Kit) – 40 Day Detox Package:
ii. Shuddhi 32 Herbs Tea:
iii. Shuddhi Addiction Free Kit
iv. Shuddhi BP Package
i. Strong franchise partner network.
ii. Excellent network management & logistics.
iii. Highly experienced and Professional Team.
iv. Strong financials of the Company.
Objects of the Jeena Sikho Lifecare Limited IPO:
Jeena Sikho Lifecare Limited IPO Details:
|Open Date:||Mar 30 2022|
|Close Date:||Apr 07 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||55.5 Cr.|
|Lot Size:||1000 Shares|
|Issue Price:||₹ 150 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Apr 18 2022|
Promoters And Management:
Financials of Jeena Sikho Lifecare Limited IPO:
|Particulars (in Lakhs)||Sep-21||Mar-21||Mar-20||Mar-19|
|Purchases of Stock-In-Trade||550||1,492||1,008||3,261|
|Changes in Inventories||252||128||210||-1,005|
|Employee Benefits Expense||1,601||3,038||2,165||1,445|
|Profit before tax||837||1,398||772||833|
|Total Tax Exps||216||383||199||234|
|No. of shares||138||138||138||138|
|EPS in Rs||6.15||10.05||5.67||5.94|
Comparison With Peers:
|Name of the company||Face Value||CMP||EPS||P/E||RONW (%)||NAV (Rs. Per share)||
PAT (Rs. In Lakh)
|Jeena Sikho Lifecare Limited||10.00||150||7.29||20x||14%||62||1015.56|
|Kerala Ayurveda Ltd||10.00||71||-4.84||NA||-49.3||3.15||-484|