Chandan Healthcare Ltd IPO
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Chandan Healthcare Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 67.52 L | ₹ 23 L | ₹ 21.59 L | ₹ 139.86 L | NSE | ₹ 107.36 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 10 Feb, 25 | 12 Feb, 25 | 800 | ₹ 1,20,800 | Book Building - SME | 17 Feb, 25 |
Chandan Healthcare Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Healthcare |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 3.03x | 3083600 | 9356800 |
| NII | 19.23x | 925080 | 17791200 |
| Retail | 2.44x | 2158520 | 5272800 |
| Employee | 0.21x | 245600 | 51200 |
| Total | 4.81x | 6752000 | 32472000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Chandan Healthcare Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 119.56 | 3.02 | 4.65 |
| EBITDA | 3.19 | 4.56 | 6.96 |
| PAT | -0.71 | 0.82 | 1.42 |
| Total Assets | 19.21 | 23.98 | 17.68 |
| Share Capital | 20.00 | 20.00 | 20.00 |
| Total Borrowings | 20.95 | 20.68 | 13.15 |
| Operating Activities (Net Cash) | 1.24 | 2.36 | 3.73 |
| Investing Activities (Net Cash) | 14.12 | 11.03 | 19.93 |
| Financing Activities (Net Cash) | 20.95 | 20.68 | 13.15 |
| Net Cashflow | 1.96 | 2.44 | 2.12 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Chandan Healthcare Ltd
The Company was incorporated as a public limited Company under the name Chandan Healthcare Limited, under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, U.P. & Uttaranchal, Kanpur on September 03, 2003.
The hospital industry in India, accounting for 80% of the total healthcare market, is witnessing a huge investor demand from both global as well as domestic investors. India ranks 10th in Medical Tourism Index (MTI) for 2020-2021 out of 46 destinations of the world. Foreign Tourists Arrival on medical purpose increases from 1.83 Lakh in 2020 to 5.04 Lakh in 2023 (Jan-Oct). The diagnostics industry in India is currently valued at $ 4 Billion. The share of the organized sector is almost 25% in this segment (15% in labs and 10% in radiology).
We run a diagnostic network in North India with pathology and radiology testing services. As of December 31, 2024, we have one flagship laboratory, nine central laboratories, twenty-seven satellite centres, more than three hundred collection centres and located in Jaipur and across Uttar Pradesh and Uttarakhand, with facilities in more than 23 cities and towns across Uttar Pradesh and more than 19 cities and towns in Uttarakhand. Out of our various laboratories, eight are National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited while three of our diagnostic centres have National Accreditation Board for Hospitals & Healthcare Providers (NABH) accreditation. In Fiscal 2025, till December 2024 we carried out around 55.79 lakhs tests on about 17.11 lakh patients' where we derived about 70.04% of the revenue from our operations in regions of Uttar Pradesh.
Peer Comparison:
- Vijaya Diagnostic Centre Ltd
- Dr Lal Pathlabs Ltd
- Metropolis Healthcare Ltd
Chandan Healthcare Ltd IPO Key Points
Strengths
- Strong Geographical presence in Uttarakhand.
- Integrated diagnostics provider with one-stop solution offering pathology and radiology testing, and medical consultation services.
- Track record of profitability and consistent financial performance.
- Dedicated management team with significant industry experience.
Risk
- Any interruptions at its flagship diagnostic centres may affect the company ability to process diagnostic tests, which in turn may adversely affect its business, results of operations and financial condition.
- The company business and prospects may be adversely affected if its unable to maintain and grow the company brand name and brand image.
- The company is dependent on B2C and few other customers for a major part of its revenues. Further the company does not enter long-term arrangements with its customers and any failures to continue the company existing arrangements could adversely affect its business and results of operations.
Strategy
- Strengthen our position in our core geography i.e. Uttar Pradesh.
- Continue to Focus on Providing Customer Centric Services and Offerings.
- Boost our revenue by establishing strategic B2B and corporate partnerships.
- Leverage technology to enhance the customer experience.
- Strong Geographical presence in Uttarakhand.
- Integrated diagnostics provider with one-stop solution offering pathology and radiology testing, and medical consultation services.
- Track record of profitability and consistent financial performance.
- Dedicated management team with significant industry experience.
How To Apply for Chandan Healthcare Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
