Chandan Healthcare Limited IPO
NSE SMEListed On: Feb 17, 2025 at ₹ 165.1
₹ 127200 /800 Shares
Check Allotment10 Feb, 2025
Open Date12 Feb, 2025
Close Date13 Feb, 2025
Allotment Date17 Feb, 2025
Listing DateIssue Price
₹151-159 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Kfin Technologies LimitedList Price
165.1Listing Date
2025-02-17Market Lot
800 Shares (₹127,200/-)Lead Manager
Unistone Capital Pvt LtdIssue Size
67,52,000 shares(aggregating up to ₹107.36 Cr)Retail Portion
35%Subscription
7.04 timesChandan 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.
Chandan Healthcare IPO Subscription Details
| 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
EPS Pre IPO
₹8.18/-EPS Post IPO
₹9.50/-P/E Pre IPO
19.44P/E Post IPO
16.74ROE
47.50%ROCE
35.20%Debt/Equity
1.02RoNW
39.54%PAT Margin
9.26Price to Book Value
7.73Chandan Healthcare Company Financials All values are in ₹ Cr.
| 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 |
About The 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.
Chandan Healthcare - Promoter(s)
Pre Issue Share Holding: 69.96%
Post Issue Share Holding: %
- Amaranita Holdings (India) Private Limited
- Amar Singh
- Asmita Singh
- Alok Singh
- Shaleen Solanki
- Vijay Singh
- Vinay Lamba
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.
Other Details
Chandan Healthcare
Biotech Park, Sector G, Jankipuram, Kursi Road, Lucknow-226021Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: chl.ipo@kfintech.com
Chandan Healthcare IPO - FAQs
Ans. Chandan Healthcare Limited IPO is a SME IPO. The issue is priced at ₹151-159 per equity share. The minimum order quantity is 800 Shares. The IPO opens on Feb 10, 2025, and closes on Feb 12, 2025. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Chandan Healthcare Limited IPO opens on Feb 10, 2025 and closes on Feb 12, 2025.
Ans. The size of Chandan Healthcare Limited IPO is 67,52,000 shares(aggregating up to ₹107.36 Cr).
Ans. The IPO price band is set between ₹151-159 per equity share.
Ans. To apply for Chandan Healthcare Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Chandan Healthcare Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Chandan Healthcare Limited IPO is Feb 13, 2025.
Ans. The Chandan Healthcare Limited IPO will be listed on Feb 17, 2025.
Ans. Follow the steps to check the allotment status for Chandan Healthcare Limited IPO here.
