Sakhiya Skin Clinic Set to Dazzle the Market with Landmark SME IPO Filing

The beauty and wellness sector is abuzz with exciting news as Sakhiya Skin Clinic Limited, a prominent name in advanced skincare and cosmetology, has officially filed its Draft Red Herring Prospectus (DRHP) with the BSE. This significant step paves the way for the company's much-anticipated Initial Public Offering (IPO) on the BSE SME platform, signaling a new chapter of growth and expansion for the renowned clinic chain.

Sakhiya Skin Clinic's proposed IPO will consist entirely of a fresh issue of equity shares, with plans to offer up to 64,96,000 shares, each carrying a face value of Rs 10.

This capital infusion is strategically earmarked to bolster the company's ambitious expansion trajectory, including the establishment of new state-of-the-art clinics, acquisition of cutting-edge equipment, and strengthening its working capital base, alongside addressing general corporate purposes and a partial repayment of debt.

For this significant market foray, Narnolia Financial Services Ltd.

has been appointed as the sole book-running lead manager, entrusted with guiding Sakhiya Skin Clinic through the intricacies of its public offering. KFin Technologies Limited will serve as the registrar for the issue, ensuring a seamless and efficient process for investors.

Headquartered in Surat, Gujarat, Sakhiya Skin Clinic has carved a formidable niche for itself in the highly competitive cosmetic dermatology market.

With a robust network of 26 clinics spread across 14 cities in 6 Indian states, the company boasts a strong presence, particularly in its home state of Gujarat. Beyond domestic borders, Sakhiya Skin Clinic has also extended its expert services internationally with a clinic in Dubai, underscoring its growing global footprint.

The clinic is celebrated for its comprehensive suite of services, encompassing advanced skin, hair, and body care treatments.

Their offerings include a wide array of cosmetology, trichology, and aesthetic services, all delivered with a commitment to leveraging the latest technologies and scientific advancements. Sakhiya Skin Clinic prides itself on providing personalized, high-quality treatments, ranging from laser therapies and anti-aging solutions to hair restoration and body contouring, catering to a diverse clientele seeking expert care.

Financially, Sakhiya Skin Clinic has demonstrated commendable growth and profitability, which is a key attractive factor for potential investors.

As per its DRHP, the company reported revenues of Rs 64.6 crore for the financial year ended March 31, 2023, accompanied by a net profit of Rs 10.9 crore. This robust financial performance reflects the company's strong operational efficiency and growing market demand for its specialized services.

The decision to go public via the SME platform is a strategic move, enabling Sakhiya Skin Clinic to tap into public capital for accelerated expansion while maintaining agility.

This IPO is poised to offer investors an opportunity to participate in the growth story of a well-established and expanding player in the burgeoning Indian beauty and wellness industry, an sector witnessing consistent demand and innovation. The forthcoming IPO details, including price band and opening/closing dates, are eagerly awaited by the market.