KK Shah Hospitals Limited IPO
1. Company History and Name Change: The company was originally incorporated as “Jeevan Parv Healthcare Limited” in August 2022 but subsequently changed its name to “KK Shah Hospitals Limited” in September 2022. This name change was approved through a special resolution passed at an Extra-Ordinary General Meeting.
2. Acquisition of Shah Hospital: As part of its objectives, the company acquired a proprietorship firm called “M/s Shah Hospital” (formerly known as “Shah Maternity and Nursing Home”), which was owned by one of the promoters, Dr. Kirti Kumar Shah. This acquisition took place through a Business Transfer Agreement dated December 31, 2022.
3. Facilities and Services: The hospital operated by the company is equipped with 26 beds for in-patient treatment and various diagnostic devices, including CT scan, DEXA scan, BMD, sonography, and X-Ray machines. The company is also a member of the Biomedical Waste Management System and is certified as a primary-level small healthcare organization in Madhya Pradesh by the National Accreditation Board for Hospitals and Healthcare Providers (NABH Accredited).
4. Promoter’s Role: The company attributes its success to the cost-effective, quality services provided by its promoters, who are medical professionals themselves. The personal interaction of the promoters with patients has contributed to building a reputation for providing quality medical services at competitive prices.
5. Medical Team and Specialists: The company emphasizes the presence of a dedicated medical team trained to handle patients and emergencies. It also engages prominent medical specialists as consultants to provide their services.
6. Specialty Areas: The company highlights its expertise in key specialty areas such as general surgery, gynecology, dental treatment, orthopedics, and mother and child care.
7. Operational Performance: As of the date of the prospectus, the company provides inpatient and outpatient healthcare services through its 26-bed hospital in Ratlam, Madhya Pradesh. It reports the number of surgeries performed and the volume of patients served during specific timeframes, demonstrating its operational activity and capacity.
8. Additional Services: The company has entered into an agreement with “M/s. Life Care Diet Service” to provide food services to patients and a cafeteria for attendants in the hospital, enhancing the overall patient experience.
In summary, the business model revolves around operating a healthcare services provider, with a particular focus on patient care and quality services. It has a strong historical connection to the local community through the promoters’ long-standing presence in the region and aims to further establish itself as a leading healthcare services provider. The acquisition of an existing nursing home and hospital has expanded its service offerings and infrastructure. The business aims to deliver cost-effective, quality healthcare to its patients while continuously improving its facilities and services.
1. Clinical Excellence and Affordable Healthcare
2. Ability to attract and retain high quality doctors, consultants and medical support staff
3. Experienced Promoters, management team with a strong execution track record
Objects of the KK Shah Hospitals Limited IPO:
KK Shah Hospitals Limited IPO Details:
|Open Date:||Oct 27 2023|
|Close Date:||Oct 31 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||8.78 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 45 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Nov 08 2023|
Promoters And Management:
Financials of KK Shah Hospitals Limited IPO:
Particulars ( In Lakhs )
25th Aug, 2022 - 31st Mar, 2023
|Revenue from Operations||212||162|
|Cost of Material Consumed||0||0|
|Purchase of Stock in Trade||0||0|
|Change in inventories||0||0|
|Employee benefits expenses||46||39|
|Depreciation & Amortisation||10||9|
Comparison With Peers:
|Name of the Company||Revenue (In Crore)||PAT (In Crore)||EPS ( in Rs)||P/E||CMP||Mcap (In Crore)|
|KK Shah Hospitals Limited||2||0.22||0.32||140.5||45||31|
|Family Care Hospitals Limited||47||5.26||0.97||7.3||7.17||39|
|KMC Speciality Hospitals (India) Limited||156||27||1.64||47.9||80.9||1,319|
|Global Longlife Hospital and Research Limited||23||1.83||1.74||24.7||43||45|