Unihealth Consultancy IPO: How to check the Allotment Status

The ₹56.55 crore IPO of Unihealth Consultancy Ltd comprises entirely of a fresh issue of shares with no offer for sale (OFS) component. The total SME IPO of Unihealth Consultancy Ltd entails issue of 42.84 lakh shares which at the upper end of the Bookbuild IPO price range of ₹132 per share aggregates to ₹56.55 crore. The fresh issue portion is also the total size of the issue of Unihealth Consultancy Ltd. The stock has a face value of ₹10 and retail bidders can bid in minimum lot size of 1,000 share each. Thus, the minimum investment of ₹1,32,000 in the IPO is the base limit. That is also the maximum that a retail investor can apply for in the IPO. The price band is between ₹126 and ₹132 per share. Here is a break-up of the total shares issued by the company and its quota allocated for different groups of investors.

The response to the IPO of Unihealth Consultancy Ltd was fairly healthy and it was subscribed about 18.22X overall at the close of bidding on 12th September 2023 with the HNI / NII  segment seeing the best 37.65 times subscription, the retail portion seeing 24.61 times subscription and the QIB portion seeing 5.97 times subscription. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 12th September 2023.

The basis of allotment will be finalized on Friday, 15th September 2023, the refunds will be initiated on 18th September 2023, demat credits will be finalized on 20th September 2023, while the stock of Unihealth Consultancy Ltd will get listed on the NSE on 21st September 2023. The company had a pre-IPO promoter holding of 95.32% and post the IPO, the promoter stake in Unihealth Consultancy Ltd will stand reduced proportionately. On listing, the company will have an indicative P/E ratio of 26.56X.

How to check the allotment status. Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can either check your allotment status on the website of the broker if the link is provided or else you can do the same on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Unihealth Consultancy Ltd on the website of Bigshare Services Private Limited (Registrar to IPO)

Visit the Bigshare Services registrar website for IPO status by clicking on the link below:

https://www.bigshareonline.com/ipo_Allotment.html

Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select; the output would still be the same across.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Unihealth Consultancy Ltd from the dropdown box. The allotment status will be finalized on Friday, 15th September 2023, so in this case, you can access the details on the registrar website either late on 15th September 2023 or by middle of 16th September 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.

• Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO.
• Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where your demat account is held i.e., NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Search Button in both cases.
• Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.

The IPO status with number of shares of Unihealth Consultancy Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 20th September 2023.

A brief on Unihealth Consultancy Ltd and the SME IPO

Unihealth Consultancy Ltd was incorporated in the year 2010 in Mumbai, to provide quality and affordable healthcare services. The company is based in India but has operational presence in multiple countries across the African continent, where it is largely focused on. The company has several verticals under the banner. These include the Medical Centres vertical, Hospitals vertical, Consultancy Services vertical, Pharma distribution vertical, Medical Consumables vertical, and Medical Value Travel. Under the aegis of Unihealth Consultancy Ltd, the company operates a combined capacity of 200 operational hospital beds across two multi-specialty facilities. These first facility is the UMC Victoria Hospital in Kampala, Uganda with a bed strength of 120 beds.  The second facility is the UMC Zahir Hospital in Kano, Nigeria which has a bed strength of 80 beds. Apart from these 2 hospitals, Unihealth Consultancy Ltd also operates Unihealth Medical Centre, which is a dedicated dialysis facility, in Mwanza, Tanzania.

With its strong global footprint and exposure to global best practices, Unihealth Consultancy Ltd is currently providing project management consultancy services to set up a 300 bed Health City in Undri, Pune. This is being implemented by Unihealth Consultancy on behalf of PHRC Lifespaces Organization. It also has few other healthcare consultancy projects in other African nations like Kenya and Angola. Unihealth has a dedicated subsidiary, Unihealth Pharmaceuticals Private Limited, which undertakes the business of procuring and exporting pharmaceutical and medical consumable products. This company exports all the necessary goods and consumables to its hospital and medical care centre network located in the continent of Africa. Its major client roster is spread across a slew of African nations including Uganda, Nigeria, Tanzania, Kenya, Zimbabwe, Angola, Ethiopia, Mozambique, and the Democratic Republic of Congo; apart from India.

The company has been promoted by Dr Anurag Shah and Dr Akshay Parmar. The promoter holding (including the promoter group) in the company currently stands at 95.32%. However, post the fresh issue of shares and the IPO, the promoter equity holding share will reduce to 68.80%. The fresh issue funds will be used by the company for investing in its JV in Kampala, Uganda as well as the joint venture in Nigeria and Tanzania. Part of the funds raised will also be applied for general corporate purposes. While Unistone Capital Private Ltd will be the lead manager to the issue, Bigshare Services Private Ltd will be the registrar to the issue. The market maker for the issue is Rikhav Securities Ltd.