Unihealth Consultancy Limited IPO

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i. Unihealth Consultancy is a healthcare service provider based out of Mumbai, India and have operational presence in multiple countries across the African continent. Their business segments include Medical Centres, Hospitals, Consultancy Services, Distribution of Pharmaceutical & Medical Consumable Products and Medical Value Travel.

ii. Under the flagship ‘UMC Hospitals’ brand, they operate a combined capacity of 200 operational hospital beds across its two multi-speciality facilities i.e. UMC Victoria Hospital in Kampala, Uganda, having a bed-strength of 120 beds and UMC Zhahir Hospital in Kano, Nigeria have a bed strength of 80 beds. In addition to these, we operate ‘Unihealth Medical Centre’ a dedicated dialysis facility, in Mwanza, Tanzania

iii. They are currently providing Project Management Consultancy Services to set up a 300+ bedded Health City in Undri, Pune (Maharashtra, India) for PHRC Lifespaces Organization along with a few other healthcare consultancy projects in Kenya and Angola

iv. They export and distribute pharmaceutical and medical consumable products in Uganda, Tanzania and Nigeria. We are distributors in different African countries for various pharmaceutical and consumable manufacturing companies based out of India.

Competitive Strengths

i. Doctor-promoted Healthcare Group supported by a skilled and experienced professional team.
ii. Growth opportunities in existing facilities and diversification into new inter-linked verticals
iii. Continued Investment in Medical Equipment & New Specialties

Objects of the Unihealth Consultancy Limited IPO:

They plan to issue 42,84,000 equity shares to raise funds for the following purposes: - 1. Investing in our joint venture, Victoria Hospital Limited (VHL) in Kampala, Uganda, to support its expansion and working capital needs. 2. Supporting the growth of our joint venture, UMC Global Health Limited (UMCGHL) in Nigeria by funding its expansion. 3. Providing capital for the expansion of our subsidiary, Biohealth Limited (BL) in Tanzania. 4. Utilizing the proceeds for general corporate purposes.
DRHP of Unihealth Consultancy Limited IPO
RHP of Unihealth Consultancy Limited IPO

Unihealth Consultancy Limited IPO Details:

Open Date: Sep 08 2023
Close Date: Sep 12 2023
Total Shares: 4,284,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 56.55 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 126 to ₹132 Per Equity Share
Listing At: NSE Emerge
Listing Date: Sep 20 2023

Promoters And Management:

i. Dr. Akshay Parmar, aged 36 years, is the Promoter, Chairperson and Managing Director of the company w.e.f. April 27, 2023. He is associated with the company since its inception. He holds a Bachelor of Medicine and Bachelor of Surgery degree (MBBS) from K. J. Somaiya Medical College and Research Centre, Sion, Mumbai and has completed a Certificate Program in ‘Value Creating Financial Strategies’ from Indian School of Business (ISB), Hyderabad in the year 2021. He was awarded the ‘Business Icon of India’ in accordance with the procedure and criteria set by Indian Center for Research & Promotion (ICRP) in the year 2021. ii. Dr. Anurag Shah, aged 36 years, is the promoter and executive director of the company since February 26, 2010. He holds a Bachelor of Medicine and Bachelor of Surgery (MBBS) from K. J. Somaiya Medical College and Research Centre, Sion, Mumbai. He played a pivotal role in the establishment of the company in 2010. Under his leadership, the organization has successfully evolved into a diversified entity, offering healthcare consultancy and management services, as well as operating medical centers and hospitals across multiple countries. He oversees the overall business & brand development and the distribution vertical of the Company. He is in-charge of the operational management of the company’s joint-venture in Uganda, Victoria Hospital Limited as its Managing Director. iii. Parag Shah, aged 52 years, is the Whole Time Director of the thecompany. He has been associated as an executive director with the thethecompany since March 16, 2017 and was re-designated as Whole Time Director w.e.f. April 27, 2023. He holds a Bachelor of Commerce degree from H S Shah College of Commerce, Modasa. He provides essential financial leadership to shape the future direction of the company by aligning business and finance strategies, he plays a critical role in driving business growth and success.

Financials of Unihealth Consultancy Limited IPO:

Pariculares ( In Lakhs )
2021
2022
2023
Revenue from Operations 2,621 3,683 4,394
Other Income 243 109 209
Total Revenue 2,864 3,793 4,603
Purchase of Stock in Trade 693 872 700
Changes in inventories -72 -33 28
Employee Benefits Expense 460 586 648
Other Expenses 887 1,108 1,636
EBITDA 895 1,260 1,592
Depreciation & Amortisation 218 221 252
Finance Cost 129 519 412
EBIT 676 1,039 1,340
OPM (%) 31.24% 33.22% 34.58%
PBT 547 520 928
Tax 52 141 162
PAT 495 379 766
NPM (%) 17.29% 10.00% 16.63%
No.of Shares 153.99 153.99 153.99
EPS 3.21 2.46 4.97

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Unihealth Consultancy Limited 43.9 8 4.97 26.5 132 203
KMC Speciality Hospitals (India) Ltd 156.0 27 1.64 54.7 92.2 1,504
* All the data is as per FY23.

Recommendation on Unihealth Consultancy Limited IPO:

Review and Recommendation of Unihealth Consultancy Limited IPO by IZ team is 4/10 Read Review Here

Lead Manager of Unihealth Consultancy Limited IPO:

  1. Unistone Capital Pvt Ltd

Registrar of Unihealth Consultancy Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

H-13 & H-14, Everest , 9th Floor, 156 Tardeo Road, Mumbai- 400034, Maharashtra, India

Discussion on Unihealth Consultancy Limited IPO:

2 Comments

    The receivables days for Unihealth Consultancy Company stand at approximately 225 days. According to the management, this extended payment cycle is primarily because their hospitals operating in African countries have tie-ups with governmental organizations and the United Nations. These entities typically have longer payment cycles in their economy.

    Reply

    *Analysts’ & Brokers’ Invite:*

    *UniHealth Consultancy Limited Analysts’ & Brokers’ Invite: (IPO Issue)*

    The Board of Directors of UniHealth Consultancy Limited cordially invite you to their Virtual Analysts’ & Brokers’ Meet on *Wednesday, 06th September 2023, at 04:00 PM* for the announcement of their forthcoming IPO on *Friday, 07th September, 2023*

    *Company Spokesperson:*

    Dr. Akshay Parmar, Managing Director, UniHealth Consultancy Limited

    *Webinar Link:*

    https://us06web.zoom.us/j/82398744375?pwd=Vyt3SzQwVkxxMVR3V29pSDJJV0lOQT09

    *RHP Link:*

    https://unistonecapital.com/wp-content/uploads/2023/09/Unihealth-Consultancy-Limited.pdf

    *SOLE BRLM:*

    Unistone Capital Private Limited

    *About the Company:*

    UniHealth is a healthcare service provider based out of Mumbai, India and has operational presence in multiple countries across the African continent. Its business segments include Medical Centres, Hospitals (with a combined capacity of 200 beds across 2 hospitals), Consultancy Services, Distribution of Pharmaceutical & Medical Consumable Products and Medical Value Travel. The Company’s business model stands out due to its integration of various business verticals, which synergistically unlock growth potential and enhance revenue and profitability of UniHealth Group

    Reply

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