Chandan Healthcare SME IPO
ListedNSE SMEOpens 10 February 2025Closes 12 February 2025
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…
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.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
10 Feb 2025
IPO Closes
12 Feb 2025
Allotment
13 Feb 2025
Listing
17 Feb 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 10 February 2025 |
| IPO Close Date | 12 February 2025 |
| Allotment Date | 13 February 2025 |
| Listing Date | 17 February 2025 |
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.
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 |
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/
Frequently Asked Questions
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Sources
We match Chandan Healthcare SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Kfin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.