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Chandan Healthcare IPO

  • Status: Closed
  • RHP:
  • ₹ 120,800 / 800 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    17 Feb 2025

  • Listing Price

    ₹ 165.10

  • Listing Change

    3.84%

  • Last Traded Price

    ₹ 179.00

IPO Details

  • Bidding starts

    10 Feb 2025

  • Bidding ends

    12 Feb 2025

  • Listing

    17 Feb 2025

  • IPO Price Range

    ₹ 151 to ₹ 159

  • IPO Size

    ₹ 107.36 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Chandan Healthcare IPO Subscription Status

Last Updated: 12 February 2025 6:27 PM by 5Paisa

Chandan Healthcare Limited operates diagnostic centers in North India, offering pathology and radiology testing. As of December 31, 2024, it runs one flagship lab, seven central labs, 26 satellite centers, and 300+ collection centers across Uttar Pradesh and Uttarakhand. It offers 1,496 tests, employs 15 radiologists, 23 pathologists, and 161+ professionals, ensuring strong diagnostic capabilities.

Established in: 2003
Chairman & MD: Dr. Amar Singh

Peers

Vijaya Diagnostic Ltd
Dr. Lal Pathlabs Ltd
Metropolis Healthcare Ltd
 

Objectives

1. Setting up a new Flagship Diagnostic Centre in Jankipurm, UP and a Central Reference laboratory in Ayodhya & Lucknow, UP.
2. General corporate purposes.

Chandan HealthCare IPO Size

Types Size
Total IPO Size ₹107.36 Cr.
Offer For Sale ₹36.57 Cr.
Fresh Issue ₹70.79 Cr.

 

Chandan Healthcare IPO IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 800 120,800
Retail (Max) 1 800 120,800
HNI (Min) 2 1600 241,600

Chandan Healthcare IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 7.58 12,33,600 93,56,800 148.773
NII (HNI) 18.85 9,25,600 1,74,52,000 277.487
Retail 2.44 21,59,200 52,72,800 83.838
Total** 7.04 45,64,000 3,21,32,800 510.912

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

 

Chandan Healthcare IPO Anchor Allocation

Anchor Bid Date 7 February, 2025
Shares Offered 18,48,800
Anchor portion Size (In ₹ Cr.) 29.40
Anchor lock-in period end date for 50% shares (30 Days) 15 March, 2025
Anchor lock-in period end date for remaining shares (90 Days) 14 May, 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 81.23 97.83 128.86
EBITDA 2.16 9.27 26.10
PAT -1.09 3.59 16.36
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 119.92 137.03 177.96
Share Capital 20.00 20.00 20.00
Total Borrowings 16.58 21.36 42.01
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 6.22 5.61 7.37
Net Cash Generated From / (used in) investing activities -10.75 -6.49 -14.83
Net Cash Generated From / (used in) financing activities - - -
Net Increase (Decrease) In Cash And Cash Equivalents 0.85 1.03 0.90


Strengths

1. Strong presence in North India with 300+ collection centers.
2. Integrated diagnostics provider offering pathology, radiology, and consultations.
3. Diverse test portfolio with 1,496 tests across specialities.
4. Experienced management team with industry expertise.
5. Consistent financial performance and profitability.
 

Risks

1. Limited geographical reach beyond Uttar Pradesh and Uttarakhand.
2. High dependency on diagnostic services for revenue.
3. Capital-intensive business with costly radiology equipment.
4. Competition from larger diagnostic chains and hospitals.
5. Regulatory changes could impact operations and pricing.
 

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FAQs

Chandan Healthcare IPO opens from 10 February 2025 to 12 February 2025.

The size of Chandan Healthcare IPO is ₹107.36 Cr.
 

The price of Chandan Healthcare IPO is fixed at ₹151 to ₹159 per share. 
 

To apply for Chandan Healthcare IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Chandan Healthcare  IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Chandan Healthcare IPO is 800 shares and the investment required is ₹120,800.
 

The share allotment date of Chandan Healthcare IPO is 13 February 2025
 

The Chandan Healthcare IPO will be listed on 17 February 2025.
 

Unistone Capital Pvt Ltd is the book running lead manager for Chandan Healthcare IPO.
 

Chandan Healthcare plans to utilise the raised capital from the IPO for:

1. Setting up a new Flagship Diagnostic Centre in Jankipurm, UP and a Central Reference laboratory in Ayodhya & Lucknow, UP.
2. General corporate purposes.