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Open
10 Feb 2025
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Close
12 Feb 2025
3
Allotment
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Listing
Mon, Feb 17, 2025
Price Band
₹151 to ₹159
Issue Size
67,52,000 shares (agg. up to ₹107 Cr)
Lot Size
800 Shares
Listing Date
Mon, Feb 17, 2025
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
17-02-2025₹0Est. ₹159+0%
16-02-2025₹0Est. ₹159+0%
15-02-2025₹0Est. ₹159+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 5.48x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 170.06 | 128.86 | 97.83 | 81.23 |
| Total Income | 167.99 | 177.96 | 137.03 | 119.92 |
| Profit After Tax | 17.42 | 16.36 | 3.59 | -1.09 |
| NET Worth | 41.09 | 27.30 | 23.93 | |
| Reserves and Surplus | 34.31 | 21.16 | 7.37 | 4.00 |
| Total Borrowing | 51.92 | 42.01 | 21.36 | 16.58 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Clinitech Laboratory Ltd. | SME | ₹5.78 Cr | ₹96 | 43.45 | ₹120.75 | +25.78% | ₹40.00 (+0.00%) |
| Suraksha Diagnostic Ltd. | Mainboard | ₹846.25 Cr | ₹441 | 99.31 | ₹441.00 | +0.00% | ₹259.90 (-0.38%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of a new Flagship diagnostic centre in Jankipuram, Lucknow, Uttar Pradesh. | 32.82 |
| 2 | Setting up of a new Central Reference laboratory at Ayodhya, Uttar Pradesh. | 7.10 |
| 3 | Setting up of a new Central Reference laboratory at Ashiyana, Lucknow, Uttar Pradesh. | 7.10 |
| 4 | General Corporate Purposes | 16.72 |
| 5 | Issue Expenses | 10.14 |
| Total | 73.89 |
About Chandan Healthcare IPO
Incorporated in September 2003, Chandan Healthcare Limited runs diagnostic centres in North India with pathology and radiology testing services. As of December 31, 2024, the company operates one flagship laboratory, seven central laboratories, and twenty-six satellite centres, with over three hundred collection centres in more than 23 cities across Uttar Pradesh and over 19 in Uttarakhand. As of December 31, 2024, the company offers 1,496 tests across different specialities. The test menu includes 481 routine pathology tests in basic biochemistry and haematology, plus 1,015 specialised tests like immunohistopathology and molecular pathology, and 545 radiology tests, including x-rays, ultrasonography, CT, MRI, and specialised CT scans. The radiology facilities have eleven CT scanners and four MRI machines. As of December 31, 2024, the company employed 15 radiologists, 23 pathologists, and over 161 other qualified professionals. Products and services: The company primarily provides diagnostic services and ad hoc sales of consumables like X-ray films and reagents. Its subsidiary, Chandan Pharmacy Limited, operates medical stores offering a range of pharmaceutical products. Routine Pat
Contact Details
Chandan Healthcare Ltd. AddressBiotech Park, Sector GJankipuramKursi RoadLucknow, Uttar Pradesh, 226021+91 8429024430secretarial@chandan.co.inVisit Website