Chandan Healthcare IPO Details
| IPO Open Date: | February 10, 2025 |
| IPO Close Date: | February 12, 2025 |
| Face Value: | ā¹10 Per Equity Share |
| IPO Price Band: | ā¹151 to ā¹159 Per Share |
| Issue Size: | Approx ā¹107.36 Crores |
| Fresh Issue: | Approx ā¹70.79 Crores |
| Offer for Sale: | Approx 22,99,936 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Chandan Healthcare IPO Market Lot
The Chandan Healthcare IPO minimum market lot is 800 shares with ā¹1,27,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ā¹1,27,200 |
| Retail Maximum | 1 | 800 | ā¹1,27,200 |
| S-HNI Minimum | 2 | 1,600 | ā¹2,54,400 |
Chandan Healthcare IPO Dates
The Chandan Healthcare IPO date is February 10 and the close date is February 12. The Chandan Healthcare IPO allotment will be finalized on February 13 and the IPO listing on February 17.
| IPO Open Date: | February 10, 2025 |
| IPO Close Date: | February 12, 2025 |
| Basis of Allotment: | February 13, 2025 |
| Refunds: | February 14, 2025 |
| Credit to Demat Account: | February 14, 2025 |
| IPO Listing Date: | February 17, 2025 |
Promoters of Chandan Healthcare IPO
The promoters of the company are Amaranita Holdings (India) Private Limited, Amar Singh, Asmita Singh, Alok Singh, Shaleen Solanki, Vijay Singh and Vinay Lamba.
About Chandan Healthcare IPO
Chandan Healthcare Limited was Incorporated in September 2003 and it is a specialist in providing testing services such as pathology and radiology a flagship laboratory, 7 central laboratories, 26 satellite centres, and Over 300 collection centres. Moreover, it is spread in more than 15 cities and towns in Uttar Pradesh and over 10 cities and towns in Uttarakhand. One of the main reasons for increased revenue is the B2C segment, including diagnostic labs, and collection centers. In fiscal 2024, 2023, and 2022 the B2C segment accounted for 25.33%, 31.66%, and 49.45%, respectively, of total revenue. Their business faces tough competition from both organized and unorganized players, including smaller independent labs and those owned by hospitals and doctors. Financially, 17,659.01 lakh is revenue for 2024, and the PAT of the same year is Rs 1,635.51 lakh respectively.
Chandan Healthcare IPO Company Financial Report
The company reported revenue of ā¹177.96 crores in 2024 against ā¹137.03 crore in 2023. The company reported profit of ā¹16.36 crores in 2024 against profit of ā¹3.59 crores in 2023.
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ā¹119.92 | ā¹120.98 | ā¹1.09 | ā¹81.54 |
| 2023 | ā¹137.03 | ā¹132.02 | ā¹3.59 | ā¹98.13 |
| 2024 | ā¹177.96 | ā¹156.50 | ā¹16.36 | ā¹129.17 |
| December 2024 | ā¹167.99 | ā¹144.58 | ā¹17.42 | ā¹170.06 |
Chandan Healthcare IPO Valuation – FY2024
Check Chandan Healthcare IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 47.60% |
| ROCE: | 35.04% |
| EBITDA Margin: | 14.78% |
| PAT Margin: | 9.26% |
| Debt to equity ratio: | 1.02 |
| Earning Per Share (EPS): | ā¹8.14 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 39.61% |
| Net Asset Value (NAV): | ā¹20.55 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Vijaya Diagnostic Ltd | 11.62 | 77.22 | 19.91% | 64.21 | 547.81 Cr. |
| Dr. Lal Pathlabs Ltd | 46.25 | 71.20 | 19.59% | 221.61 | 2,226.64 Cr. |
| Metropolis Healthcare Ltd | 24.95 | 84.79 | 11.72% | 214.01 | 1,207.71 Cr. |
Objects of the Issue
- 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.
Chandan Healthcare IPO Review
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Chandan Healthcare IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Unistone Capital Pvt Ltd
Company Address
Chandan Healthcare Limited
Biotech Park, Sector G,
Jankipuram, Kursi Road,
Lucknow-226021
Phone: +91 8429024430
Email: [email protected]
Website: https://www.chandandiagnostic.com/
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