Chandan Healthcare IPO Date, Review, Price, Allotment Details

Chandan Healthcare IPO open date is February 10, 2025 and the IPO will close on February 12, 2025. Chandan Healthcare IPO is a Book Built Issue. The company to raise around ₹107.36 crores via IPO that comprises fresh issue of ₹70.79 crores and offer for sale up to 22,99,936 equity shares with face value of ₹10 each.

Chandan Healthcare IPO price band is ₹151 to ₹159 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Chandan Healthcare IPO to list on NSE on February 17, 2025. The allotment of Chandan Healthcare IPO date is February 13, 2025.

The company reported revenue of ₹177.96 crores in 2024 against ₹137.03 crore in 2023. The company reported profit of ₹16.36 crores in 2024 against profit of ₹3.59 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

Chandan Healthcare IPO

Chandan Healthcare IPO Details

IPO Open Date:February 10, 2025
IPO Close Date:February 12, 2025
Face Value:₹10 Per Equity Share
IPO Price Band:₹151 to ₹159 Per Share
Issue Size:Approx ₹107.36 Crores
Fresh Issue:Approx ₹70.79 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 ₹1,27,200 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum1800₹1,27,200
Retail Maximum1800₹1,27,200
S-HNI Minimum21,600₹2,54,400

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 ₹177.96 crores in 2024 against ₹137.03 crore in 2023. The company reported profit of ₹16.36 crores in 2024 against profit of ₹3.59 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2022₹119.92₹120.98₹1.09₹81.54
2023₹137.03₹132.02₹3.59₹98.13
2024₹177.96₹156.50₹16.36₹129.17
December 2024₹167.99₹144.58₹17.42₹170.06

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.

KPIValues
ROE:47.60%
ROCE:35.04%
EBITDA Margin:14.78%
PAT Margin:9.26%
Debt to equity ratio:1.02
Earning Per Share (EPS):₹8.14 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):39.61%
Net Asset Value (NAV):₹20.55

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
Vijaya Diagnostic Ltd11.6277.2219.91%64.21547.81 Cr.
Dr. Lal Pathlabs Ltd46.2571.2019.59%221.612,226.64 Cr.
Metropolis Healthcare Ltd24.9584.7911.72%214.011,207.71 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/

Chandan Healthcare IPO FAQs

What is Chandan Healthcare IPO?

Chandan Healthcare IPO is a SME IPO. The company is going to raise ₹107.36 Crores via IPO. The issue is priced at ₹151 to ₹159 per equity share. The IPO is to be listed on NSE.

When Chandan Healthcare IPO will open for subscription?

The IPO is to open on February 10, 2025 for QIB, NII, and Retail Investors. The IPO will close on February 12, 2025.

What is Chandan Healthcare IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Chandan Healthcare IPO?

You can apply for Chandan Healthcare IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Chandan Healthcare IPO Issue Size?

Chandan Healthcare IPO issue size is ₹107.36 crores.

What is Chandan Healthcare IPO Price Band?

Chandan Healthcare IPO Price Band is ₹151 to ₹159.

What is Chandan Healthcare IPO Lot Size?

The minimum bid is 800 Shares with ₹1,27,200 amount.

What is the Chandan Healthcare IPO Allotment Date?

Chandan Healthcare IPO allotment date is February 13, 2025.

What is the Chandan Healthcare IPO Listing Date?

Chandan Healthcare IPO listing date is February 17, 2025. The IPO is to list on NSE.

Note: The Chandan Healthcare IPO price band and date are officially announced. The (Chandan Healthcare IPO grey market premium) will be added to the IPO GMP page as it will start).
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