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Chandan Healthcare Ltd IPO

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.

Chandan Healthcare Ltd IPO Details

Total Shares Offered

₹ 67,52,000

Offer to Public

22,99,936

Retail Max (Shares)

₹ 21,58,520

Pre Issue Promoters Holding

₹ 1,39,85,820

Exchange

NSE

Issue size

₹ 107.36 Cr

IPO Open Date

Feb 10, 2025

Close Date

Feb 12, 2025

Lot Size

800

Min Investment

₹ 1,20,800

Issue Type

Book Building - SME

Listing Date

Feb 17, 2025

Chandan Healthcare Ltd IPO Dates

Feb 10, 2025

Opening date

Feb 12, 2025

Closing date

Feb 13, 2025

Basis of Allotment

Feb 14, 2025

Initiation of Refunds

Feb 14, 2025

Credit of Shares

Feb 17, 2025

Listing date

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

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

3.03x

19.23x

2.44x

0.21x

4.81x

3083600

925080

2158520

245600

6752000

9356800

17791200

5272800

51200

32472000

Chandan Healthcare Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	230.12	176.59	136.89
EBITDA	41.01	27.68	9.37
PAT	20.78	16.02	4.04
Total Assets	73.27	32.73	19.21
Share Capital	24.45	20.00	20.00
Total Borrowings	51.85	32.90	16.73
Operating Activities (Net Cash)	27.20	19.38	6.09
Investing Activities (Net Cash)	6.22	12.55	15.41
Financing Activities (Net Cash)	51.85	32.90	16.73
Net Cashflow	6.03	0.53	1.54

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).

Peer Comparison:

Vijaya Diagnostic Centre Ltd
Dr Lal Pathlabs Ltd
Metropolis Healthcare Ltd

Chandan Healthcare Ltd 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.

How To Apply for Chandan Healthcare Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Chandan Healthcare Ltd IPO?

Chandan Healthcare Ltd's IPO offers shares for up to 70.79 It begins on Feb 10, 2025 and ends on Feb 12, 2025.

What is the price of the Chandan Healthcare Ltd IPO?

The price of Chandan Healthcare Ltd IPO ranges between ₹151 to ₹159 per share.

What are the open and close dates for the Chandan Healthcare Ltd IPO?

The Chandan Healthcare Ltd IPO opens on Feb 10, 2025 and closes on Feb 12, 2025.

When will the Chandan Healthcare Ltd IPO be allotted?

The allotment for the Chandan Healthcare Ltd IPO will be finalised on Feb 13, 2025. The shares will be listed on BSE and NSE on Feb 17, 2025.

What is the minimum lot size required for Chandan Healthcare Ltd IPO?

The minimum lot size for Chandan Healthcare Ltd IPO is 800 shares, priced between ₹151 to ₹159 per share.

What is the GMP of Chandan Healthcare Ltd IPO?

The GMP (Grey Market Premium) of Chandan Healthcare Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Chandan Healthcare Ltd IPO?

To check the allotment status of Chandan Healthcare Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Chandan Healthcare Ltd IPO getting listed?

The Chandan Healthcare Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 10, 2025, and closes on Feb 12, 2025. The allotment is finalised on Feb 13, 2025.

How do you apply for the Chandan Healthcare Ltd IPO?

To apply for the Chandan Healthcare Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.