Chandan Healthcare SME: Check IPO Date, Live Subscription and Key Details
Chandan Healthcare Limited, established in September 2003, provides diagnostic services across North India, specializing in pathology and radiology testing. As of August 31, 2024, the company operates a flagship laboratory, seven central laboratories, and twenty-six satellite centers, supported by a network of over 300 collection centers across 15+ cities in Uttar Pradesh and more than 10 in Uttarakhand.
Price Range
₹151.0 - ₹159.0
Issue Size
₹107.36 Cr
Lot Size
800 shares
IPO Type
NSE SME
GMP
-
Est. Listing Price
₹159
Estimate Profit
-
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
9.5
P/E Ratio
16.74
RoNW
39.54%
ROE
47.5%
Debt to Equity
1.02
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Timeline
IPO Opens
10 Feb
IPO Closes
12 Feb
Allotment
13 Feb
Listing
17 Feb
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 10 February 2025 | Subscription starts |
| IPO Close Date | 12 February 2025 | Subscription ends |
| Allotment Date | 13 February 2025 | Allotment |
| Listing Date | 17 February 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,54,400 |
SHNI (Min) | 3 | ₹3,81,600 |
SHNI (Max) | 7 | ₹8,90,400 |
BHNIAbove ₹10,00,000 | 8 | ₹10,17,600 |
IPO 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
Strengths
- Well-established footprint in North India with 300+ collection centers.
- Comprehensive diagnostic services, including pathology, radiology, and consultations.
- Extensive test menu with 1,496 specialized tests.
- Led by an experienced management team with deep industry knowledge.
- Demonstrates stable financial growth and profitability.
Weaknesses
- Operations are primarily limited to Uttar Pradesh and Uttarakhand.
- Revenue heavily relies on diagnostic services.
- High capital requirements for advanced radiology equipment.
- Faces strong competition from larger diagnostic chains and hospitals.
- Regulatory changes may affect pricing and business operations.
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Financial Performance
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 170.06 | 128.86 | 97.83 | 81.23 |
| Revenue (₹ Cr.) | 167.99 | 177.96 | 137.03 | 119.92 |
| PAT (₹ Cr.) | 17.42 | 16.36 | 3.59 | -1.09 |
| Net Worth (₹ Cr.) | 41.09 | 41.09 | 27.3 | 23.93 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Chandan Healthcare Ltd. | 7.73 | 16.74 | 39.54% | 41.09 |
| Vijaya Diagnostic Centre | 9.94 | 87.75 | 19.91% | 660 |
| Dr. Lal Pathlabs Ltd | 10.24 | 62.34 | 20.61% | 1,885 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0x | 7.58x |
| NII | 0.21x | 0.39x | 18.85x |
| RII | 0.3x | 0.8x | 2.44x |
| Total | 0.19x | 0.46x | 7.04x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 12,33,600 | 93,56,800 | 148.77 |
| NII | 9,25,600 | 1,74,52,000 | 277.49 |
| RII | 21,59,200 | 52,72,800 | 83.84 |
| Total | 45,64,000 | 3,21,32,800 | 510.91 |
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Company Details
- Chandan Healthcare Limited
- Biotech Park, Sector G, Jankipuram, Kursi Road, Lucknow-226021
- +91 8429024430
- secretarial@chandan.co.in
- https://www.chandandiagnostic.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- chl.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
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