Image Source: IPO Watch
Aakaar Medical Technologies Ltd, a fastgrowing player in the aesthetic healthcare space, has opened its initial public offering (IPO) today, aiming to raise ₹27 crore through a fresh issue of 37.5 lakh equity shares. The IPO will remain open for subscription from June 20 to June 24, 2025, with listing scheduled on the NSE SME platform on June 27.
Key Highlights:
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Price Band: ₹68 to ₹72 per share
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Lot Size: Minimum application of 1,600 shares (₹1,15,200)
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Anchor Investment: ₹7.68 crore raised from anchor investors on June 19
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Investor Allocation: 47.42% for QIBs, 14.29% for NIIs, 33.26% for retail investors
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Use of Proceeds: Primarily for working capital and general corporate purposes
Founded in 2013, Aakaar specializes in medical aesthetic products including skincare, haircare, injectables, and laser devices. It serves dermatologists, plastic surgeons, and cosmetologists across 15+ Indian states, with a team of 90 sales and service professionals. The company imports products from South Korea, Spain, Italy, and Austria, complementing its domestic offerings.
Financially, Aakaar posted a 33% revenue growth to ₹61.76 crore and a 110% jump in net profit to ₹6.04 crore in FY25, reflecting strong demand and operational efficiency.
With this IPO, Aakaar aims to scale its footprint in India’s booming cosmetic and aesthetic healthcare market, riding the wave of rising consumer demand for advanced beauty solutions.
Sources: Economic Times, GoodReturns, IPO Watch
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