Vaidya Sane Ayurved Laboratories Limited (Madhavbaug) gets NSE approval for SME IPO

[vc_row type=”full_width_background” full_screen_row_position=”middle” equal_height=”yes” content_placement=”middle” column_margin=”none” scene_position=”center” text_color=”dark” text_align=”left” top_padding=”6%” overlay_strength=”0.3″ shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” el_class=”imagecolumn” width=”1/6″ tablet_width_inherit=”default” tablet_text_alignment=”center” phone_text_alignment=”center” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_row_inner column_margin=”default” text_align=”left”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/1″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][image_with_animation image_url=”8040″ alignment=”center” animation=”Grow In” img_link_target=”_blank” hover_animation=”zoom-crop” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”110%” max_width_mobile=”default” el_class=”centerimage” img_link=”https://timesofindia.indiatimes.com/vaidya-sane-ayurved-laboratories-limited-madhavbaug-gets-nse-approval-for-sme-ipo/articleshow/88708761.cms”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column column_padding=”padding-2-percent” column_padding_position=”all” background_color=”#eaecff” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”5/6″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_row_inner column_margin=”default” text_align=”left” css=”.vc_custom_1569518583590{margin-bottom: 10px !important;}”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_hidden-sm vc_hidden-xs”][/vc_column_inner][vc_column_inner column_padding=”padding-1-percent” column_padding_position=”top” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”11/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-xs-12″][split_line_heading animation_type=”line-reveal-by-space” font_style=”h3″ text_content=”Vaidya Sane Ayurved Laboratories Limited (Madhavbaug) gets NSE approval for SME IPO”][/split_line_heading][/vc_column_inner][/vc_row_inner][vc_row_inner column_margin=”default” text_align=”left”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_hidden-sm vc_hidden-xs”][/vc_column_inner][vc_column_inner column_padding=”padding-1-percent” column_padding_position=”top” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”11/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” enable_animation=”true” animation=”fade-in-from-bottom” offset=”vc_col-xs-12″][vc_column_text css=”.vc_custom_1641378422253{padding-right: 10% !important;}”]Eds: Disclaimer: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same.) MUMBAI, India, Jan. 5, 2022 /PRNewswire/ — Speciality chain Of Cardiac Clinics, Vaidya Sane Ayurved Laboratories Limited, a unique medical service institution popularly known as ‘Madhavbaug’ that treats chronic ailments like cardiac disease, diabetes, hypertension and obesity with the distinctive outlook of amalgamating technology with traditional healing of Ayurveda has filed its draft red herring prospectus (DRHP) and has received in principle, approval from NSE. Read More[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” equal_height=”yes” content_placement=”middle” column_margin=”20px” scene_position=”center” text_color=”dark” text_align=”left” top_padding=”6%” overlay_strength=”0.3″ shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”padding-2-percent” column_padding_position=”all” background_color=”#eaecff” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_row_inner column_margin=”default” text_align=”center” css=”.vc_custom_1641379045627{margin-bottom: 10px !important;}”][vc_column_inner column_padding=”padding-1-percent” column_padding_position=”top” centered_text=”true” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/1″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-xs-12″][split_line_heading animation_type=”line-reveal-by-space” font_style=”h3″ text_content=”VAIDYA SANE AYURVED LABORATORIES LIMITED (Madhavbaug) gets NSE approval for SME IPO”][/split_line_heading][/vc_column_inner][/vc_row_inner][vc_row_inner column_margin=”default” text_align=”center” css=”.vc_custom_1641379137776{margin-bottom: 20px !important;}”][vc_column_inner column_padding=”padding-1-percent” column_padding_position=”top” centered_text=”true” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” bottom_margin=”20px” column_link_target=”_self” width=”1/1″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” enable_animation=”true” animation=”fade-in-from-bottom” offset=”vc_col-xs-12″][vc_column_text]Speciality chain Of Cardiac Clinics VAIDYA SANE AYURVED LABORATORIES LIMITED, a unique medical service institution popularly known as ‘Madhavbaug’ that treats chronic ailments like cardiac disease, diabetes, hypertension and obesity with the distinctive outlook of amalgamating technology with traditional healing of Ayurveda has filed its draft red herring prospectus (DRHP) and has received in principle approval from NSE. Madhavbaug has approach to treatment is using non-invasive, multidisciplinary and innovative therapies

According to the Draft Prospectus, The public issue comprises fresh issue of 27,71,200 equity shares at a price of 73.00 per share aggregating upto INR 20.23 crores

Dr. Rohit Madhav Sane, Managing Director & CEO is Promoter of the Company.

Net proceeds are proposed to be utilise towards funding branding and advertising expenses and towards general corporate expenses which include funding growth opportunities, strategic initiatives, joint-ventures, partnerships, marketing and business development expenses, expansion of facilities and meeting exigencies and expenses incurred by our Company in the ordinary course of business

As on November 30, 2021, the company operates 274 clinics with a brand name of “Madhavbaug Cardiac Clinics and Hospitals” across Maharashtra, Madhya Pradesh, Gujarat, Uttar Pradesh, Goa and Karnataka. Out of these 52 are company owned and 222 are franchise clinics. The company also operates two fully equipped cardiac prevention and rehabilitation hospitals in Khopoli and Nagpur respectively.

Vaidya Sane is part of a booming Indian wellness industry—estimated at Rs. 49,000 crore (US$ 6.70 billion)—is gaining momentum on the back of government focus on building a healthy and fit India. Ayurveda is an alternative medicine system with historical roots in India. The Indian wellness and ayurveda industries go hand in hand. Ayurveda is globally acclaimed for its preventive healthcare properties and treatment of many chronic lifestyle disorders. The Indian ayurveda industry has several large players, with the micro, small and medium enterprises (MSMEs) capturing 80% market share. Ayurveda is witnessing a resurgence in India because people have accepted this as a way of life as opposed to the earlier notion of ayurveda as an alternative area of medicine.

The Draft prospectus is available on the website of NSE and Lead Manager, First Overseas Capital Limited.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” equal_height=”yes” content_placement=”middle” column_margin=”none” scene_position=”center” text_color=”dark” text_align=”left” top_padding=”6%” disable_element=”yes” overlay_strength=”0.3″ shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1/6″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_row_inner column_margin=”default” text_align=”left”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” centered_text=”true” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/1″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][image_with_animation image_url=”7972″ alignment=”center” animation=”Grow In” hover_animation=”zoom-crop” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”110%” max_width_mobile=”default”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column column_padding=”padding-2-percent” column_padding_position=”all” background_color=”#eaecff” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”5/6″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_row_inner column_margin=”default” text_align=”left” css=”.vc_custom_1569518583590{margin-bottom: 10px !important;}”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_hidden-sm vc_hidden-xs”][/vc_column_inner][vc_column_inner column_padding=”padding-1-percent” column_padding_position=”top” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”11/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-xs-12″][split_line_heading animation_type=”line-reveal-by-space” font_style=”h2″ text_content=”Mr. Ratnakar Rai – Independent Director”][/split_line_heading][/vc_column_inner][/vc_row_inner][vc_row_inner column_margin=”default” text_align=”left”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_hidden-sm vc_hidden-xs”][/vc_column_inner][vc_column_inner column_padding=”padding-1-percent” column_padding_position=”top” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”11/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” enable_animation=”true” animation=”fade-in-from-bottom” offset=”vc_col-xs-12″][vc_column_text css=”.vc_custom_1639647633439{padding-right: 10% !important;}”]Mr. Ratnakar Rai, is Non-Executive Independent Director of the Company, Mr. Rai is graduate in commerce from University of Bombay and holds Diploma in Business Management from All India Council for Management Studies, Madras. He has also completed Post graduation in Executive Business Management Program by Prin. L N Welingkar’s Institute of Management Development & Research, Mumbai. He has vast experience of more than 20 years in the field of Liasoning, Accounts and Finance. 

He has served on Board of Transwarranty consultants Private Limited and Markmen Multiventures Private Limited, He is Independent Director of BEW Engineering Ltd, Mr. Rai was inducted on Board of Company as Independent Director from Sept-2021.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” equal_height=”yes” content_placement=”middle” column_margin=”none” scene_position=”center” text_color=”dark” text_align=”left” top_padding=”6%” disable_element=”yes” overlay_strength=”0.3″ shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1/6″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_row_inner column_margin=”default” text_align=”left”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” centered_text=”true” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/1″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][image_with_animation image_url=”7992″ alignment=”center” animation=”Grow In” hover_animation=”zoom-crop” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”110%” max_width_mobile=”default”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column column_padding=”padding-2-percent” column_padding_position=”all” background_color=”#eaecff” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”5/6″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_row_inner column_margin=”default” text_align=”left” css=”.vc_custom_1569518583590{margin-bottom: 10px !important;}”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_hidden-sm vc_hidden-xs”][/vc_column_inner][vc_column_inner column_padding=”padding-1-percent” column_padding_position=”top” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”11/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-xs-12″][split_line_heading animation_type=”line-reveal-by-space” font_style=”h2″ text_content=”Dr. Mahesh Kshirsagar – Independent Director”][/split_line_heading][/vc_column_inner][/vc_row_inner][vc_row_inner column_margin=”default” text_align=”left”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_hidden-sm vc_hidden-xs”][/vc_column_inner][vc_column_inner column_padding=”padding-1-percent” column_padding_position=”top” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”11/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” enable_animation=”true” animation=”fade-in-from-bottom” offset=”vc_col-xs-12″][vc_column_text css=”.vc_custom_1639647764448{padding-right: 10% !important;}”]Dr. Mahesh Kshirsagar is Non-Executive Independent Director of the Company; Dr. Mahesh is a MBBS from Maharashtra Institute of Medical Sciences & Research (MIT) – Swami Ramanand Teerth University Nanded. He has reach experience of 15 years in Medical field. 

Dr. Mahesh has been part of General allopathic OPD and various vaccination drives etc. and He was Medical officer in Civil Dispensary Dharur in Beed District from 2005-2016.Currently, Dr. Mahesh has been carrying out its own ventures.

Dr. Mahesh was inducted on the Board of Company as Independent Director from Nov-2021.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” equal_height=”yes” content_placement=”middle” column_margin=”none” scene_position=”center” text_color=”dark” text_align=”left” top_padding=”6%” bottom_padding=”6%” disable_element=”yes” overlay_strength=”0.3″ shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1/6″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_row_inner column_margin=”default” text_align=”left”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” centered_text=”true” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/1″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][image_with_animation image_url=”7973″ alignment=”center” animation=”Grow In” hover_animation=”zoom-crop” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”110%” max_width_mobile=”default”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column column_padding=”padding-2-percent” column_padding_position=”all” background_color=”#eaecff” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”5/6″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_row_inner column_margin=”default” text_align=”left” css=”.vc_custom_1569518583590{margin-bottom: 10px !important;}”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_hidden-sm vc_hidden-xs”][/vc_column_inner][vc_column_inner column_padding=”padding-1-percent” column_padding_position=”top” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”11/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-xs-12″][split_line_heading animation_type=”line-reveal-by-space” font_style=”h2″ text_content=”Dr. Sushrut Dambal – Independent Director”][/split_line_heading][/vc_column_inner][/vc_row_inner][vc_row_inner column_margin=”default” text_align=”left”][vc_column_inner column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”1/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_hidden-sm vc_hidden-xs”][/vc_column_inner][vc_column_inner column_padding=”padding-1-percent” column_padding_position=”top” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” width=”11/12″ tablet_width_inherit=”default” overlay_strength=”0.3″ column_border_width=”none” column_border_style=”solid” bg_image_animation=”none” enable_animation=”true” animation=”fade-in-from-bottom” offset=”vc_col-xs-12″][vc_column_text css=”.vc_custom_1640587012187{padding-right: 10% !important;}”]Dr. Sushrut Dambal is Non-Executive Independent Director of the Company; Dr. Sushrut is a Doctor of Medicine-MD Anesthesiology from Dr. Babasaheb Ambedkar Marathwada University. He has wide experience of 15 years in Medical field. 

Currently, Dr. Sushrut is an Intensivist and Anesthesiologist at Nirmaya Hospitals, a multi-specialty Hospital in Osmanabad from last 14 years. Dr. Sushrut was inducted on the Board of Company as Independent Director from Nov-2021.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]