IPO

Chandan Healthcare Limited IPO

NSE SME

Listed On: Feb 17, 2025 at ₹ 165.1

₹ 254400 /1600 Shares
*Min Investment

Check Allotment

10 Feb, 2025

Open Date

12 Feb, 2025

Close Date

13 Feb, 2025

Allotment Date

17 Feb, 2025

Listing Date
Chandan Healthcare IPO Issue Details
  • Issue Price ₹151-159 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 67,52,000 shares(aggregating up to ₹107.36 crore)
  • Fresh Share 44,52,064 shares(aggregating up to ₹70.79 crore)
  • Offer For Sale 22,99,936 shares(aggregating up to ₹36.57 crore)
  • Listing at NSE SME
  • List Price 165.1
  • Listing Date 2025-02-17
  • Lead Manager Unistone Capital Pvt Ltd
  • Registrar Kfin Technologies Limited
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.

ApplicationLotsSharesAmount
Retail (min)1800₹1,27,200
Retail(max)1800₹1,27,200
NII (min) 21,600₹2,54,400
Chandan Healthcare IPO Reservation

Chandan Healthcare IPO offers total 67,52,000 shares. Out of which 12,33,600 (18.27%) allocated to QIB, 9,25,600 (13.71%) allocated to NII,21,59,200 (31.98%) allocated to RII, NA (NA%) allocated to employees and 18,48,800 (27.38%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered18,48,800 (27.38%)
Market Maker Shares Offered3,39,200 (5.02%)
QIB Shares Offered12,33,600 (18.27%)
NII (HNI) Shares Offered9,25,600 (13.71%)
Retail Shares Offered21,59,200 (31.98%)
Total Shares Offered67,52,000 (100%)
Chandan Healthcare IPO Documents
DRHP
RHP
Chandan Healthcare IPO Details


Chandan Healthcare Limited IPO is an SME IPO, priced at ₹151-159 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 67,52,000 equity shares, aggregating up to ₹107.36 crores..

The IPO bidding window is open from Feb 10, 2025 to Feb 12, 2025. The allotment is expected to be finalized on Feb 13, 2025, and the tentative listing date is Feb 17, 2025.

The minimum lot size for Retail investors is 800 shares, with a minimum investment of ₹1,27,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,54,400.

Unistone Capital Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and R.K.Stock Holding Private Limited will act as the market maker for this issue.

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Chandan Healthcare IPO Subscription Analysis And Details
Retail
2.44x
Total
7.04x
As onQIB / NIIRetailTotal
Shares Offered / Reserved12,33,600 / 9,25,60021,59,20045,64,000
Day 1 10-02-25 06:00 PM
0.00 / 0.21 x0.30 x0.19 x
Day 2 11-02-25 06:00 PM
0.00 / 0.39 x0.80 x0.46 x
Day 3 12-02-25 06:00 PM
7.58 / 18.85 x2.44 x7.04 x
Total No of Applications
7,099
Chandan Healthcare Valuations
EPS Pre IPO ₹8.18/-
EPS Post IPO ₹9.50/-
P/E Pre IPO 19.44
P/E Post IPO 16.74
ROE 47.50%
ROCE 35.20%
Debt/Equity 1.02
RoNW 39.54%
PAT Margin 9.26
Price to Book Value 7.73
Chandan Healthcare Company Financials
In Crs.
In Cr.
31-Mar-2431-Mar-2331-Mar-22
Assets129.1798.1381.54
Revenue177.96137.03119.92
Profit After Tax16.363.59-1.09
Net Worth41.0927.323.93
Reserves & Surplus2.842.762.54
Total Borrowing42.0121.3616.58
About Chandan Healthcare Company

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.

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Chandan Healthcare - Promoter(s)

Amaranita Holdings (India) Private Limited

Amar Singh

Asmita Singh

Alok Singh

Shaleen Solanki

Vijay Singh

Vinay Lamba

Pre Issue Share Holding : 69.96%

Post Issue Share Holding : %

Chandan Healthcare IPO - Issue Objectives
1

Setting up a new Flagship Diagnostic Centre in Jankipuram, Lucknow, Uttar Pradesh.

2

Setting up a new Central Reference laboratory at Ayodhya, Uttar Pradesh

3

Setting up a new Central Reference laboratory at Ashiyana, Lucknow, Uttar Pradesh.

4

General corporate purposes.

Chandan Healthcare IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Chandan Healthcare Limited8.148.1420.58N/A39.54N/AConsolidated
Vijaya Diagnostic Centre Limited11.6211.5964.2187.7519.919.94Consolidated
Dr. Lal Pathlabs Ltd46.2546.18221.6162.3420.6110.24Consolidated
Metropolis Healthcare Ltd24.9524.87214.0172.1812.338.05Consolidated

Notes:

  1. 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.
  2. 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.
  3. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Details

Chandan Healthcare

Biotech Park, Sector G, Jankipuram, Kursi Road, Lucknow-226021

+91 8429024430

secretarial@chandan.co.in

https://www.chandandiagnostic.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

chl.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/