Chandan Healthcare IPO Allotment Status

Summary

Chandan Healthcare Limited, established in September 2003, has emerged as a prominent diagnostic services provider in North India. The company operates an extensive network comprising one flagship laboratory, seven central laboratories, and twenty-six satellite centres, supported by over three hundred collection centres across Uttar Pradesh and Uttarakhand. Their comprehensive diagnostic capabilities include 1,496 tests spanning routine pathology, specialized services, and advanced radiology, delivered by a team of 15 radiologists, 23 pathologists, and more than 161 qualified professionals as of December 2024.
 

Chandan Healthcare IPO comes with a total issue size of ₹107.36 crore, combining a fresh issue of ₹70.79 crore and an offer for sale of ₹36.57 crore. The IPO opened on February 10, 2025, and closed on February 12, 2025. The allotment date for the Chandan Healthcare IPO is expected to be finalized on Thursday, February 13, 2025.
 

Steps to Check Chandan Healthcare IPO Allotment Status on Registrar Site

• Visit Kfin Technologies Limited website
• Select "Chandan Healthcare IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Chandan Healthcare IPO Allotment Status on BSE/NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Chandan Healthcare IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Chandan Healthcare IPO Subscription Status 

Chandan Healthcare IPO received strong investor interest, being subscribed 7.04 times overall. Here is a category-wise breakdown of the subscription as of 6:20:00 PM on February 12, 2025:

• Retail Category: 2.44 times
• Qualified Institutional Buyers (QIB): 7.58 times
• Non-Institutional Investors (NII): 18.85 times

As of 6:20:00 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Expansion: Setting up a new Flagship Diagnostic Centre in Jankipuram, Lucknow
• Infrastructure Development: Establishing new Central Reference laboratories in Ayodhya and Ashiyana, Lucknow
• General Corporate Purposes: Supporting various business initiatives

Chandan Healthcare IPO - Listing Details 

The shares are scheduled to list on February 17, 2025, on NSE SME. The subscription rate of 7.04 times demonstrates strong investor confidence in Chandan Healthcare's business model and growth prospects. The company has shown impressive financial performance with revenue of ₹167.99 crore and profit after tax of ₹17.42 crore for the period ended December 31, 2024. Their strong presence in tier-two cities, integrated diagnostic services, and strategic expansion plans position them well for continued growth in the healthcare diagnostics sector.