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Chandan Healthcare Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.159.00
Issue Size:
Rs.107.27 Cr
Lot Size:
800 shares
Open Date:
February 10
Chandan Healthcare Limited IPO Overview
Bidding Dates
February 10 - February 12
Min Investment
₹127,200
Price Range
₹159.00
Issue Size
₹107.27 Cr
IPO DRHP Doc
Company Overview
Chandan Healthcare Limited, incorporated in September 2003, operates diagnostic centres in North India, offering pathology and radiology testing services. As of December 31, 2024, it runs one flagship laboratory, seven central laboratories, and twenty-six satellite centres, with over three hundred collection centres across Uttar Pradesh and Uttarakhand. The company provides 1,496 tests across various specialties, supported by eleven CT scanners and four MRI machines, and employs 15 radiologists, 23 pathologists, and over 161 other qualified professionals. Its subsidiary, Chandan Pharmacy Limited, operates medical stores with a range of pharmaceutical products.
IPO Timeline
Opens
Feb 10
Closes
Feb 12
Allotment
Feb 13
Refunds
Feb 14
Shares Credit
Feb 14
Listing
Feb 17
Opens
Feb 10
Closes
Feb 12
Allotment
Feb 13
Refunds
Feb 14
Shares Credit
Feb 14
Listing
Feb 17
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 7.58x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 18.85x | Oversubscribed |
| RII (Retail Individual Investors) | 2.44x | Oversubscribed |
| Total Subscription | 7.04x | Oversubscribed |
Last updated: Feb 12, 2025, 06:22 PM
Current GMP:
No Premium
Est. Listing:
Rs.159
Est. Gain:
0%
Star Rating:
★★★★★(1/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹128.86 Cr | ₹128.86 Cr | ₹97.83 Cr | ₹81.23 Cr |
| Net Worth | ₹27.3 Cr | ₹27.3 Cr | ₹23.93 Cr | - |
| Profit After Tax | ₹16.36 Cr | ₹16.36 Cr | ₹3.59 Cr | ₹1.09 Cr |
| Reserves and Surplus | ₹21.16 Cr | ₹21.16 Cr | ₹7.37 Cr | ₹4 Cr |
| Revenue | ₹177.96 Cr | ₹177.96 Cr | ₹137.03 Cr | ₹119.92 Cr |
| Total Borrowing | ₹42.01 Cr | ₹42.01 Cr | ₹21.36 Cr | ₹16.58 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Extensive diagnostic service network across North India.
- Holds NABL and NABH accreditations ensuring high quality standards.
- Strong market presence in Uttar Pradesh with significant revenue contributions.
- Diverse revenue streams from B2B, B2G, and B2C segments.
- Uses a cluster-based model for operational efficiency and market reach.
IPO Details
Chandan Healthcare IPO Details
| Face Value | ₹10 per share |
| Fresh Issue | 44,52,064 shares (aggregating up to ₹70.79 Cr) |
| IPO Date | February 10, 2025 to February 12, 2025 |
| Issue Price | ₹159 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Listing Date | February 17, 2025 |
| Lot Size | 800 Shares |
| Offer for Sale | 22,99,936 shares of ₹10 (aggregating up to ₹36.57 Cr) |
| Share Holding Post Issue | 2,44,52,064 shares |
| Share Holding Pre Issue | 2,00,00,000 shares |
| Total Issue Size | 67,52,000 shares (aggregating up to ₹107.36 Cr) |
Chandan Healthcare IPO Reservation
Share Reservation Distribution
Retail
2,159,200 shares (31.98%)
Anchor Investors
1,848,800 shares (27.38%)
QIB
1,233,600 shares (18.27%)
HNI (NII)
925,600 shares (13.71%)
Market Maker
339,200 shares (5.02%)
Chandan Healthcare IPO Promoter Holding
| Share Holding Post Issue | 49.20% |
| Share Holding Pre Issue | 69.96% |
Chandan Healthcare IPO Listing Details
| ₹159 per share |
| CHANDAN |
| February 17, 2025 |
| INE0B2N01016 |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹159.00 |
| High | ₹173.35 |
| Last Trade | ₹173.35 |
| Low | ₹165.10 |
| Open | ₹165.10 |
Key Dates
Open Date:February 10
Close Date:February 12
Listing Date:February 17
