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sangani hospitals ipo

Sangani Hospitals IPO

  • Status: Closed
  • RHP:
  • ₹ 111,000 / 3000 shares

    Minimum Investment

IPO Details

  • Open Date

    04 Aug 2023

  • Close Date

    08 Aug 2023

  • IPO Price Range

    ₹ 37 to ₹ 40

  • IPO Size

    ₹ 15.17 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    17 Aug 2023

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IPO Timeline

Sangani Hospitals IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Sangani Hospitals Limited IPO is all set to open from 4th August to 8th August 2023. Sangani Hospitals provides healthcare-related services. The company is launching a fresh issue of 37,92,000 equity shares worth ₹15.17 cr. The share allotment date is 11th August and the listing date is 17th August 2023. The price band of the IPO is ₹37 to ₹40 per equity share with a lot size of 3000 shares.

Unistone Capital Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Sangani Hospitals IPO:

Sangani Hospitals Limited plans to utilize the raised capital from IPO to:

●    Fulfill the capital requirements for expanding Sangani Hospital in Keshod, Gujarat and Sangani Super Speciality Hospital in Veraval, Gujarat
●    For general corporate purposes
 

Sangani Hospitals is a healthcare provider that operates in the Keshod and Veraval regions of Gujarat, offering a combined capacity of 68 beds. Their comprehensive range of services includes super specialty, specialty, and other support services. 

At present, they manage two hospitals: Sangani Hospital located at Keshod, Junagadh, Gujarat with 36 beds, offering primary, secondary, and tertiary care facilities. The hospital's strategic location near Keshod bus stand and railway station allows easy accessibility for residents of fifty-four adjacent small villages. The second one is Sangani Super Speciality Hospital in Veraval, Gujarat, which has 32 beds and focuses significantly on tertiary care services. Both hospitals provide a wide array of healthcare services, encompassing specialties such as cardiac sciences, neurosciences, orthopedics, renal sciences, and mother & child care.

Sangani Hospitals has been instrumental in providing free dialysis facilities to over 600 patients, offering more than 6,000 sessions annually under the Mukhyamantri Amrutum Yojana (MAA Yojana) and Pradhan Mantri Jan Arogya Yojana (PMJAY).

Peer Comparison

●    Artemis Medicare Services Limited
●    Lotus Eye Hospital And Institute Ltd

For More Information:
Webstory on Sangani Hospitals IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 15.67 4.20 4.97
EBITDA 13.75 2.79 3.93
PAT 1.48 1.05 0.79
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 19.59 7.05 2.99
Share Capital - - -
Total Borrowings 1.59 2.03 1.30
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 2.29 -0.10 0.53
Net cash from / (used in) investing activities -12.08 -0.01 -0.06
Net cash flow from / (used in) financing activities 11.14 0.76 -1.01
Net increase (decrease) in cash and cash equivalents 1.35 0.63 -0.54


Strengths

1.    Offers healthcare services to underserved and densely populated areas of Gujarat.
2.    Has a presence in the business of pathology laboratory and medical stores. 
3.    A strong focus on digital healthcare initiatives and is a part of Ayushman Bharat. 
4.    It has a strong and qualified team of doctors, nurses, paramedical, and other staff.
5.    Expansion plan within its existing facilities. 
 

Risks

1.    The company has a limited operating history, thus it can be difficult to gauge past financial performance. 
2.    Revenue is highly dependent on two hospitals and on inpatient services. 
3.    The competition is quite high
4.    Certain contingent liabilities can impact its business operations. 
 

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FAQs

The minimum lot size of Sangani Hospitals IPO is 3000 shares and the investment required is ₹1,11,000. 

The price band of Sangani Hospitals IPO is ₹37 to ₹40. 

Sangani Hospitals IPO opens on 4th August and closed on 8th August 2023.
 

Sangani Hospitals IPO plans to issue a fresh issue of 37,92,000 equity shares worth ₹15.17 cr. 
 

The allotment date of the Sangani Hospitals IPO is 11th August 2023. 

The listing date of Sangani Hospitals IPO is 17th August 2023. 

Unistone Capital Private Limited is the book-running lead manager for Sangani Hospitals IPO.

Sangani Hospitals Limited plans to utilize the raised capital from IPO to:

●    Fulfill the capital requirements for expanding Sangani Hospital in Keshod, Gujarat and Sangani Super Speciality Hospital in Veraval, Gujarat
●    For general corporate purposes
 

To apply for Sangani Hospitals 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 Sangani Hospitals Limited 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.