Chandan Healthcare Limited
CLOSEDIPO Date: 10 Feb - 12 Feb 2025
Listing Date: 17 Feb 2025
Price Range
₹151 to ₹159
Issue Size
107.36 Cr
Min Investment
₹1,20,800
Lot Size
800 Shares
Schedule of Chandan Healthcare Limited
Issue open date
10 Feb 2025
Issue close date
12 Feb 2025
UPI mandate deadline
12 Feb 2025 (5 PM)
Allotment finalization
13 Feb 2025
Share credit
14 Feb 2025
Listing date
17 Feb 2025
Mandate end date
27 Feb 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 107.36 Cr |
| Fresh Issue | 70.79 Cr |
| Offer for Sale | 36.57 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 13 Feb 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 13 Feb 2025 | ₹159 | ₹3 | ₹162 (1.89%) |
| 12 Feb 2025 | ₹159 | ₹3 | ₹162 (1.89%) |
| 11 Feb 2025 | ₹159 | ₹3 | ₹162 (1.89%) |
| 10 Feb 2025 | ₹159 | ₹10 | ₹169 (6.29%) |
| 9 Feb 2025 | ₹159 | ₹10 | ₹169 (6.29%) |
| 8 Feb 2025 | ₹159 | ₹10 | ₹169 (6.29%) |
| 7 Feb 2025 | ₹159 | ₹14 | ₹173 (8.81%) |
| 6 Feb 2025 | ₹159 | ₹12 | ₹171 (7.55%) |
| 5 Feb 2025 | ₹159 | ₹0 | ₹159 (0%) |
Performance Chandan Healthcare Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹151 to ₹159 | .... | .... | .... |
About Chandan Healthcare Limited
Chandan Healthcare Limited operates diagnostic centres in North India, offering pathology and radiology testing services. As of December 31, 2024, the company manages a flagship laboratory, seven central laboratories, and twenty-six satellite centres. With over 300 collection centres across 23 cities in Uttar Pradesh and 19 cities in Uttarakhand, the company provides a comprehensive test menu, including 1,496 tests across multiple specialities. Its services cover 481 routine pathology tests, 1,015 specialised pathology tests, and 545 radiology tests. The radiology facilities are equipped with eleven CT scanners and four MRI machines. Chandan Healthcare Limited employs a team of 15 radiologists, 23 pathologists, and over 161 other professionals. The company’s offerings include diagnostic services, preventive wellness services, and home collection services, along with sales of consumables like X-ray films and reagents through its subsidiary, Chandan Pharmacy Limited, which runs medical stores offering pharmaceutical products.
| Founded in | 2003 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
- Strong geographic presence in Uttarakhand and North India, with coverage in 39 tier-two cities and towns.
- Integrated diagnostics provider offering a full range of pathology, radiology testing, and medical consultation services.
- Proven track record of profitability and consistent financial performance.
- Experienced and dedicated management team with significant industry expertise.
Risks
- Dependence on a limited geographic region may restrict growth opportunities.
- High reliance on a relatively small pool of specialised professionals.
- Vulnerability to regulatory changes in the healthcare and diagnostic sector.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |