Chandan Healthcare IPO
Chandan Healthcare is an NSE SME IPO listed on the NSE SME platform, priced at ₹151–₹159 per share. The stock debuted at ₹165.1, delivering a listing gain of 3.8%. The IPO had a lot size of ₹800 shares and a minimum investment of ₹1,27,200.
Chandan Healthcare Limited IPO
- IPO Dates
- Feb 10, 2025 – Feb 12, 2025
- Price band
- ₹151-159 per equity share
- Minimum Investment
- ₹1,27,200
- Issue size
- ₹107.36 Cr
- Lot size
- 800
- Allotment Date
- Feb 13, 2025
- Listing
- Feb 17, 2025
- Listing At
- NSE SME
IPO timeline
-
Feb 10, 2025
Open Date
Completed
-
Feb 12, 2025
Close Date
Completed
-
Feb 13, 2025
Allotment Date
Completed
-
Feb 17, 2025
Listing Date
Completed
Chandan Healthcare IPO Essentials
Chandan Healthcare IPO Details
Chandan Healthcare IPO is priced at ₹151-159 per share with a total issue size of 107.36 crore. The IPO has a lot size of 800 shares and is listed on an NSE SME.
- Issue price
- ₹151-159 per equity share
- Lot size
- 800 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 67,52,000 shares(aggregating up to ₹107.36 Cr)
- Total issue size
- 67,52,000 shares
(aggregating up to ₹107.36 crore) - Fresh issue
- 44,52,064 shares
(aggregating up to ₹70.79 crore) - Offer for sale (OFS)
- 22,99,936 shares
(aggregating up to ₹36.57 crore) - Listing at
- NSE SME
- List price
- 165.1
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Unistone Capital Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 800 | ₹1,27,200 |
| Retail(max) | 1 | 800 | ₹1,27,200 |
| NII (min) | 2 | 1,600 | ₹2,54,400 |
Chandan Healthcare IPO Reservation
Chandan Healthcare IPO reservation details show category-wise allocation of shares. Out of the total 67,52,000 shares, approximately 18.27% are reserved for QIB, 13.71% for NII, 31.98% for retail investors, 5.02% for market maker, and 27.38% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 18,48,800 (27.38%) | |
| Market Maker Shares Offered | 3,39,200 (5.02%) | |
| QIB Shares Offered | 12,33,600 (18.27%) | |
| NII (HNI) Shares Offered | 9,25,600 (13.71%) | |
| Retail Shares Offered | 21,59,200 (31.98%) | |
| Total Shares Offered | 67,52,000 (100%) |
Chandan Healthcare IPO Analytics
Chandan Healthcare IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Chandan Healthcare IPO Subscription Status
Chandan Healthcare IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 12,33,600 / 9,25,600 | 21,59,200 | 45,64,000 |
|
Day 1
10-02-25 06:00 PM
|
(0.00 / 0.21) x | 0.30 x | 0.19 x |
|
Day 2
11-02-25 06:00 PM
|
(0.00 / 0.39) x | 0.80 x | 0.46 x |
|
Day 3
12-02-25 06:00 PM
|
(7.58 / 18.85) x | 2.44 x | 7.04 x |
Chandan Healthcare Valuations
Earnings
- EPS Pre IPO
- ₹8.18/-
- EPS Post IPO
- ₹9.50/-
- P/E Pre IPO
- 19.44
- P/E Post IPO
- 16.74
Returns
- ROE
- 47.50%
- ROCE
- 35.20%
- RoNW
- 39.54%
- PAT Margin
- 9.26
Fundamentals
- Debt / Equity
- 1.02
- Price / Book
- 7.73
Chandan Healthcare Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 129.17 | 98.13 | 81.54 |
| Revenue | 177.96 | 137.03 | 119.92 |
| Profit After Tax | 16.36 | 3.59 | -1.09 |
| Net Worth | 41.09 | 27.3 | 23.93 |
| Reserves & Surplus | 2.84 | 2.76 | 2.54 |
| Total Borrowing | 42.01 | 21.36 | 16.58 |
Chandan Healthcare Company & Offer Insights
About Chandan Healthcare
Chandan Healthcare Limited, incorporated in September 2003, operates diagnostic centers in North India with pathology and radiology testing services.
The company operates one flagship laboratory, seven central laboratories, and twenty-six satellite centres as of August 31, 2024, with over three hundred collection centers in more than 15 cities across Uttar Pradesh and over 10 in Uttarakhand.
As of August 31, 2024, the organization provides 1,118 tests in various disciplines. The tests menu consists of 169 general pathology tests under basic biochemistry and haematology, combined with 713 specialized tests under immunohistopathology, molecular pathology, and236 radiology tests, which are x-rays, ultrasonography, CT, MRI, and specialized CT scans.
The radiology equipment possesses eleven CT scanners and four MRI machines.
As of 31st August, 2024, the company had 14 radiologists, 25 pathologists, and more than 161 other qualified professionals.
Chandan Healthcare Promoter(s)
Amaranita Holdings (India) Private Limited, Amar Singh, Asmita Singh, Alok Singh, Shaleen Solanki, Vijay Singh, Vinay Lamba are the company's promoters of Chandan Healthcare.
Chandan Healthcare IPO Issue Objectives
- •
- Setting up a new Flagship Diagnostic Centre in Jankipuram, Lucknow, Uttar Pradesh.
- •
- Setting up a new Central Reference laboratory at Ayodhya, Uttar Pradesh
- •
- Setting up a new Central Reference laboratory at Ashiyana, Lucknow, Uttar Pradesh.
- •
- General corporate purposes.
Chandan Healthcare IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Chandan Healthcare Limited | 8.14 | 8.14 | 20.58 | N/A | 39.54 | N/A | Consolidated |
| Vijaya Diagnostic Centre Limited | 11.62 | 11.59 | 64.21 | 87.75 | 19.91 | 9.94 | Consolidated |
| Dr. Lal Pathlabs Ltd | 46.25 | 46.18 | 221.61 | 62.34 | 20.61 | 10.24 | Consolidated |
| Metropolis Healthcare Ltd | 24.95 | 24.87 | 214.01 | 72.18 | 12.33 | 8.05 | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on the NSE website on January 30, 2025, divided by the Diluted EPS for the period ended March 31, 2024.
- RoNW is computed as net profit after tax divided by the net worth. Net worth has been calculated as the sum of share capital reserves, and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Information
Contact Details
Chandan Healthcare
+91 8429024430
https://www.chandandiagnostic.com/
Biotech Park, Sector G, Jankipuram, Kursi Road, Lucknow-226021
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Chandan Healthcare IPO is a book-built IPO worth ₹107.36 crore. The price band is ₹151–₹159 per share. The IPO opens on Feb 10, 2025 and closes on Feb 12, 2025. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of Chandan Healthcare IPO is ₹151 to ₹159 per share.
The lot size of Chandan Healthcare IPO is 800 shares.
The minimum investment for Chandan Healthcare IPO is approximately ₹1,27,200 based on the upper price band .
Chandan Healthcare IPO opens on Feb 10, 2025 and closes on Feb 12, 2025.
The allotment date of Chandan Healthcare IPO is Feb 13, 2025.
Chandan Healthcare IPO is expected to be listed on Feb 17, 2025, on NSE SME Platform.
Chandan Healthcare IPO valuation snapshot: P/E 16.74, EPS ₹9.50/-, P/B 7.73, RoNW 39.54%, and market cap N/A.
To apply for Chandan Healthcare IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Chandan Healthcare IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Chandan Healthcare IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Chandan Healthcare IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Chandan Healthcare IPO allotment status on IPO Ji for quick and easy access.