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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹20.23 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹20.23 Cr |
| Fresh Issue | ₹19.20 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹73.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | MADHAVBAUG |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | First Overseas Capital Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Madhavbaug is a medical service institution engaged in the treatment of chronic ailments like cardiac disease, diabetes, hypertension, and obesity by combining modern technology with the traditional Ayurveda practices. It uses non-invasive, multidisciplinary, and innovative therapies for treating chronic ailments. The company mainly offers treatment for (i) Health disease reversal, (ii) Diabetes Reversal, (iii) BP Management, (iv) Obesity management, Knee pain relief.
As of November 30, 2021, the company operates 274 clinics across Maharashtra, Madhya Pradesh, Gujarat, Uttar Pradesh, Goa, Karnataka, Delhi, and Chhattisgarh. Out of these 52 are company-owned and 222 are franchise clinics. The company also operates two cardiac prevention and rehabilitation hospitals in Khopoli and Nagpur respectively.
The company offers several wellness products through their online portal Madhavbaug Wellness, and has an online app called MIB Pulse App which helps heart patients.
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expenses on Marketing and Branding | 16.00 |
| 2 | General Corporate Purposes | 3.73 |
| 3 | Issue Related Expenses | 0.50 |
| Period Ended | 30 Sep 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 25.78 | 25.81 | 29.11 | 28.88 |
| Total Income | 31.57 | 52.28 | 75.30 | 62.57 |
| Profit After Tax | 1.35 | 1.55 | -0.56 | 0.50 |
| EBITDA | 2.61 | 4.63 | 2.71 | 3.04 |
| NET Worth | 11.12 | 9.77 | 8.22 | 8.78 |
| Reserves and Surplus | 4.15 | 9.72 | 8.17 | 8.74 |
| Total Borrowing | 1.78 | 1.02 | 5.97 | 1.78 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| RoNW | 15.84% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.22 | |
| P/E (x) | 28.29 | |
| Promoter Holding | 90.08% | 66.34% |
| Market Cap | ₹76.75 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 0.39 |
| 2 | Advertising and marketing expenses | 0.03 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.03 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.06 |
Last Updated on 13-May-2026 10:31:37
