Chandan Healthcare IPO
- IPO Date10 Feb, 2025 to 12 Feb, 2025
- Listing Date17 Feb, 2025
- Face Value₹10 per share
- Issue Price₹151 to ₹159 per share
- Lot Size800 Shares
- Minimum Investment₹1,27,200
- Listing AtNSE SME
- Total Issue Size67,52,000 Shares
(aggregating up to ₹107.36 Cr) - Fresh Issue44,52,064 Shares
(aggregating up to ₹70.79 Cr)
- Offer for Sale22,99,936 Shares
(aggregating up to ₹36.57 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue2,00,00,000
- Shareholding post issue2,44,52,064
IPO Dates
Closing Date
12 Feb, 2025
Initiation of Refunds
14 Feb, 2025
Listing Date
17 Feb, 2025
10 Feb, 2025
Opening Date
13 Feb, 2025
Basis of Allotment
14 Feb, 2025
Credit of Shares
Chandan Healthcare Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 800 | ₹1,27,200 |
| Retail (Min) | 1 | 800 | ₹1,27,200 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 1600 | ₹2,54,400 |
Chandan Healthcare Promoter Holding
The Company's Promoters are Amaranita Holdings (India) Private Limited, Amar Singh, Asmita Singh, Alok Singh, Shaleen Solanki, Vijay Singh and Vinay Lamba
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 69.96% | - |
Chandan Healthcare COMPANY INFORMATION
Chandan Healthcare IPO is a book built issue of Rs 107.36 crores. The issue is a combination of fresh issue of 44.52 lakh shares aggregating to Rs 70.79 crores and offer for sale of 23.00 lakh shares aggregating to Rs 36.57 crores. Chandan Healthcare IPO opens for subscription on February 10, 2025 and closes on February 12, 2025. The allotment for the Chandan Healthcare IPO is expected to be finalized on Thursday, February 13, 2025. Chandan Healthcare IPO will list on NSE SME with tentative listing date fixed as Monday, February 17, 2025. Chandan Healthcare IPO price band is set at ₹151 to ₹159 per share. The minimum lot size for an application is 800. The minimum amount of investment required by retail investors is ₹1,27,200. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹2,54,400. Unistone Capital Pvt Ltd is the book running lead manager of the Chandan Healthcare IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Chandan Healthcare IPO is R.K.Stock Holding Private Limited. Refer to Chandan Healthcare IPO RHP for detailed information.
Incorporated in September 2003, Chandan Healthcare Limited runs diagnostic centres in North India with pathology and radiology testing services.
As of December 31, 2024, the company operates one flagship laboratory, seven central laboratories, and twenty-six satellite centres, with over three hundred collection centres in more than 23 cities across Uttar Pradesh and over 19 in Uttarakhand.
As of December 31, 2024, the company offers 1,496 tests across different specialities. The test menu includes
- 481 routine pathology tests in basic biochemistry and haematology, plus 1,015 specialised tests like immunohistopathology and molecular pathology, and
- 545 radiology tests, including x-rays, ultrasonography, CT, MRI, and specialised CT scans.
The radiology facilities have eleven CT scanners and four MRI machines.
As of December 31, 2024, the company employed 15 radiologists, 23 pathologists, and over 161 other qualified professionals.
Products and services:
The company primarily provides diagnostic services and ad hoc sales of consumables like X-ray films and reagents. Its subsidiary, Chandan Pharmacy Limited, operates medical stores offering a range of pharmaceutical products.
- Routine Pathology Tests
- Specialized Pathology Tests
- Radiology Tests
- Preventive and Wellness Services
- Home Collection Service
Competitive Strength:
- Strong geographic presence in Uttarakhand, including 39 tier-two cities and towns.
- Integrated diagnostics provider offering pathology, radiology testing, and medical consultations.
- Track record of profitability and consistent financial performance.
- Dedicated management team with significant industry experience.
Chandan Healthcare IPO
IPO Overview and Key Highlights
Chandan Healthcare, a Lucknow-based healthcare services provider, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of up to 44,52,064 equity shares with a face value of ₹10 per share and an Offer for Sale (OFS) of 22,99,936 equity shares. The total issue size is 67,52,000 equity shares. The funds raised will be utilized for business expansion, working capital, and general corporate purposes. The shares will be listed on the EMERGE Platform of NSE.
Key IPO Details
- Type of Issue • 100% Book Built Issue
- Total Issue Size • 67,52,000 equity shares
- Face Value • ₹10 per share
- Price Band • To be determined
- Offer Opens • February 10, 2025
- Offer Closes • February 12, 2025
- Listing Exchange • NSE EMERGE
- Offer Structure • QIBs, NIIs, and RIIs allocation as per SEBI regulations
Company Overview
Chandan Healthcare was originally incorporated as Chandan Healthcare Private Limited in 2003 and later converted into a public company in 2024. The company operates in the healthcare and diagnostics sector, specializing in pathology labs, diagnostic centers, and pharmacy chains.
- Promoters • Amaranita Holdings (India) Private Limited, Amar Singh, Asmita Singh, Alok Singh, Shaleen Solanki, Vijay Singh, and Vinay Lamba
- Headquarters • Lucknow, Uttar Pradesh
- Corporate Identification Number (CIN) • U85110UP2003PLC193493
Financial Overview
Chandan Healthcare has exhibited consistent revenue growth, benefiting from the rising demand for diagnostic and healthcare services. The IPO proceeds will be used to expand operations, improve medical infrastructure, and strengthen financial stability.
Key Strengths of Chandan Healthcare
- Established Brand • Recognized healthcare provider in Uttar Pradesh.
- Diversified Business Model • Operates pathology labs, pharmacies, and diagnostic centers.
- Strategic Expansion Plans • Focus on increasing diagnostic centers and medical facilities.
- Experienced Management • Led by industry experts with years of experience in healthcare.
IPO Pros and Cons
Pros
- Growing Healthcare Industry • Increasing demand for diagnostics and medical services.
- Proceeds Utilization • Funds allocated for infrastructure expansion and advanced equipment.
- Listing on NSE EMERGE • Provides better visibility and credibility.
Cons
- Market Dependency • Revenue depends on healthcare industry trends.
- Competitive Sector • Faces competition from corporate hospitals and diagnostic chains.
- Regulatory Compliance • Subject to healthcare laws and accreditation requirements.
Risk Factors
Potential investors should consider the following risks before investing:
- Industry Challenges • Healthcare facilities require continuous investments in infrastructure and equipment.
- Operational Risks • Dependence on experienced medical professionals and staff retention.
- Regulatory Compliance • Adherence to medical industry regulations and government policies.
Conclusion
The Chandan Healthcare IPO presents an opportunity to invest in a leading healthcare services provider with a strong industry presence. With significant expansion plans, the company is well-positioned for growth. However, investors should evaluate factors like market dependency, competition, and regulatory risks before making a decision.
FAQs About Chandan Healthcare Ipo
Chandan Healthcare IPO will open on 10 Feb, 2025 and close on 12 Feb, 2025. Investors must apply within this period to participate.
The Chandan Healthcare IPO price band is set between ₹151.00 and ₹159.00 per share. The minimum lot size is 800, requiring an investment of at least ₹127200.00.
The Chandan Healthcare IPO shares are expected to be listed on 17 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Chandan Healthcare IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Chandan Healthcare IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.