Chandan Healthcare IPO is set to launch on February 10, 2025, and will be open for bidding until February 12, 2025. The company plans to raise ₹107.36 crores through this Book Built Issue, consisting of a fresh issue worth ₹70.79 crores and an offer for sale (OFS) of 22,99,936 equity shares with a face value of ₹10 each.
Investors can apply within the price band of ₹151 to ₹159 per share, with allocation divided into 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). The minimum investment requirement stands at ₹1,27,200 for retail investors (800 shares per lot), while HNIs must apply for at least 1,600 shares, amounting to ₹2,54,400.
The allotment process for Chandan Healthcare IPO is expected to be completed by February 13, 2025, and the company’s shares are set to debut on the NSE SME exchange on February 17, 2025. Over the past year, Chandan Healthcare has shown remarkable financial growth. The company’s revenue surged from ₹137.03 crores in 2023 to ₹177.96 crores in 2024, while net profits witnessed a significant jump from ₹3.59 crores to ₹16.36 crores during the same period. This financial performance underscores the company’s robust business model and expansion strategy.
For investors looking for long-term growth opportunities, Chandan Healthcare IPO presents an attractive option. The company’s strong fundamentals, consistent revenue growth, and impressive profit surge make it a promising investment in the healthcare sector. With increasing demand in the industry and a solid financial base, this IPO holds potential for steady returns over time.
Overview of Contents
Chandan Healthcare IPO Overview
| Particulars | Details |
|---|---|
| Subscription Opens | February 10, 2025 |
| Subscription Closes | February 12, 2025 |
| Market Debut (Tentative) | Feb 17 2025 |
| Equity Share Face Value | ₹10 per share |
| Price Range per Share | ₹151 to ₹159 |
| Total Fundraising Target | Approx ₹107.36 Crores |
| Fresh Share Allocation | Approx ₹70.79 Crores |
| Shares for Sale (OFS) | Approx 22,99,936 equity shares |
| Issue Category | Book Built Issue |
| Stock Exchange Listing | NSE SME |
| Retail Investor Portion | Not exceeding 35% |
| Institutional Investors (QIB) | Not exceeding 50% |
| High Net-Worth Investors (NII) | Not exceeding 15% |
| Minimum Lot Size | 800 Shares |
| Total Shares Issued | 67,52,000 shares (₹107.36 Cr) |
| Shares from Fresh Issue | 44,52,064 shares (₹70.79 Cr) |
| Shares in Offer for Sale | 22,99,936 shares (₹36.57 Cr) |
| Mode of IPO | Book Built Issue |
| Listing Platform | NSE SME |
| Pre-IPO Shareholding | 2,00,00,000 shares |
| Post-IPO Shareholding | 2,44,52,064 shares |
| Reserved for Market Makers | 3,39,200 shares |
| Red Herring Prospectus (RHP) | Click Here |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Anchor Investors Details | Click here |
Chandan Healthcare IPO Lot Size & Investment Details
Investors can participate in the Chandan Healthcare IPO by bidding in lots of 800 shares, with additional bids in multiples of 800. Retail investors can apply for one lot (800 shares), while High Net-Worth Individuals (HNIs) must bid for a minimum of two lots (1,600 shares).
| Investor Category | Lots | Total Shares | Investment Amount |
|---|---|---|---|
| Retail Investors (Min Bid) | 1 | 800 | ₹1,27,200 |
| Retail Investors (Max Bid) | 1 | 800 | ₹1,27,200 |
| HNI Investors (Min Bid) | 2 | 1,600 | ₹2,54,400 |
Chandan Healthcare IPO Dates
| Event | Date |
|---|---|
| Subscription Opening Day | 10th Feb 2025 (Monday) |
| Subscription Closing Day | 12th Feb 2025 (Wednesday) |
| Share Allotment Finalization | 13th Feb 2025 (Thursday) |
| Refund Process Initiation | 14th Feb 2025 (Friday) |
| Demat Account Share Credit | 14th Feb 2025 (Friday) |
| Market Debut (Listing Date) | 17th Feb 2025 (Monday) |
| UPI Mandate Confirmation Cut-off | 12th Feb 2025 (Wednesday) at 5:00 PM |
Chandan Healthcare IPO Promoter Holding
Chandan Healthcare’s promoters include Amaranita Holdings (India) Private Limited, Amar Singh, Asmita Singh, Alok Singh, Shaleen Solanki, Vijay Singh, and Vinay Lamba. Below is the company’s promoter shareholding before and after the IPO.
| Stage | Promoter Holding |
|---|---|
| Before IPO | 69.96% |
| After IPO | [Updated Post-Issue] |
Chandan Healthcare IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
About Chandan Healthcare IPO
Chandan Healthcare Limited, founded in September 2003, is a leading diagnostic service provider in North India, specializing in pathology and radiology testing. It operates one flagship lab, seven central labs, 26 satellite centres, and over 300 collection centres across 23+ cities in Uttar Pradesh and 19+ in Uttarakhand.
The company offers 1,496 tests, including 481 routine pathology tests, 1,015 specialized pathology tests, and 545 radiology tests. It has 11 CT scanners and four MRI machines and provides home collection services and preventive health checkups.
Financially, Chandan Healthcare recorded a revenue of ₹17,659.01 lakh in FY 2024, with a PAT of ₹1,635.51 lakh. The B2C segment contributed 25.33% in FY 2024, showing consistent growth. Despite competition from independent and hospital-owned labs, its strong presence in tier-2 and tier-3 cities and an integrated diagnostic model make it a key player in the industry.
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 Limited Financial Performance
| Financial Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets | ₹170.06 Cr | ₹128.86 Cr | ₹97.83 Cr | ₹81.23 Cr |
| Total Revenue | ₹167.99 Cr | ₹177.96 Cr | ₹137.03 Cr | ₹119.92 Cr |
| Profit After Tax | ₹17.42 Cr | ₹16.36 Cr | ₹3.59 Cr | -₹1.09 Cr |
| Net Worth | — | ₹41.09 Cr | ₹27.30 Cr | ₹23.93 Cr |
| Reserves & Surplus | ₹34.31 Cr | ₹21.16 Cr | ₹7.37 Cr | ₹4.00 Cr |
| Total Borrowings | ₹51.92 Cr | ₹42.01 Cr | ₹21.36 Cr | ₹16.58 Cr |
Chandan Healthcare IPO Key Performance Indicators (KPIs)
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 47.60% |
| Return on Capital Employed (ROCE) | 35.04% |
| EBITDA Margin | 14.78% |
| Profit After Tax (PAT) Margin | 9.26% |
| Debt-to-Equity Ratio | 1.02 |
| Earnings Per Share (EPS) | ₹8.14 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 39.61% |
| Net Asset Value (NAV) Per Share | ₹20.55 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Vijaya Diagnostic Ltd | 11.62 | 77.22 | 19.91% | 64.21 | 547.81 Cr. |
| Dr. Lal Pathlabs Ltd | 46.25 | 71.20 | 19.59% | 221.61 | 2,226.64 Cr. |
| Metropolis Healthcare Ltd | 24.95 | 84.79 | 11.72% | 214.01 | 1,207.71 Cr. |
Chandan Healthcare IPO Review
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Chandan Healthcare IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: chl.ipo@kfintech.com
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: secretarial@chandan.co.in
Website: https://www.chandandiagnostic.com/
Chandan Healthcare IPO FAQs
When does the Chandan Healthcare IPO open and close?
The IPO opens on February 10, 2025, and closes on February 12, 2025.
What is the price band for Chandan Healthcare IPO?
The IPO price band is set between ₹151 to ₹159 per share.
What is the lot size for Chandan Healthcare IPO?
Investors can bid for a minimum of 800 shares and in multiples thereof.
What is the total issue size of the IPO?
The total issue size is ₹107.36 crore, including a fresh issue of ₹70.79 crore and an offer for sale of 22,99,936 shares.
Where will Chandan Healthcare IPO be listed?
The IPO will be listed on the NSE SME platform.
Who are the promoters of Chandan Healthcare Limited?
The promoters include Amaranita Holdings (India) Pvt Ltd, Amar Singh, Asmita Singh, Alok Singh, Shaleen Solanki, Vijay Singh, and Vinay Lamba.
What is the expected listing date of Chandan Healthcare IPO?
The tentative listing date is February 17, 2025.
What are the key financials of Chandan Healthcare Limited?
As of December 31, 2024, the company reported ₹167.99 crore in revenue and ₹17.42 crore in profit after tax.