Chandan Healthcare Limited
Chandan Healthcare runs a wide diagnostic network in North India, offering pathology and radiology services. As of Dec 31, 2024, it has 1 flagship lab, 9 central labs, 27 satellite centers, and 300+ collection centers across 42+ cities/towns in UP and Uttarakhand. It offers 1,496 tests supported by 11 CT scanners and 4 MRI machines. In FY25 (up to Dec), it conducted ~55.79 lakh tests for 17.11 lakh patients, with 70%+ revenue from UP. It holds NABL and NABH accreditations. Revenue split: 47% from product sales, 34.22% pathology, and 18.77% radiology.
Price Band₹151 - ₹159 |
Dates10 Feb - 12 Feb |
GMP₹0 (0.00%) |
Subscriptions7.52 times |
Issue Size₹107.36 Crs |
Chandan Healthcare IPO Objects
- Setting up a new Flagship Diagnostic Centre at Lucknow
- Setting up a new Central Reference Laboratory at Ayodhya
- Setting up a new Central Reference Laboratory at Lucknow
- General Corporate Purposes
Chandan Healthcare IPO Details
Price Band₹151 - ₹159 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹70.79 Cr (0.45 Cr Shares) |
Offer For Sale₹36.57 Cr (0.23 Cr Shares) |
Total Issue₹107.36 Cr (0.68 Cr Shares) |
Face Value₹10 per equity share |
Chandan Healthcare IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
800
1,27,200
Maximum
1
800
1,27,200
|
|||
| NII |
Minimum
2
1,600
2,54,400
|
|||
Chandan Healthcare IPO Subscription
Updated as on 12-Feb-2025 19:00:19 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 7.58 | 12,33,600 | 93,56,800 |
| NII | 19.22 | 9,25,600 | 1,77,91,200 |
| Retail | 2.44 | 21,59,200 | 52,72,800 |
| Employee | - | 0 | 51,200 |
| Total | 7.52 | 43,18,400 | 3,24,72,000 |
Chandan Healthcare IPO GMP
The estimated Grey Market Premium of Chandan Healthcare IPO is ₹0 per share (0.00%)
1. GMPs are available for IPOs with listing dates from May 1, 2025, onwards.
2. The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of net offer |
| NII | Not less than 15% of net offer |
| Retail | Not less than 35% of net offer |
| Market Maker | 3,39,200 EQ Share |
| Employee | 2,45,600 EQ Share |
Chandan Healthcare IPO Financials
| Particulars | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 167.47 | 176.59 | 136.89 | 119.56 |
| Profit after Tax | 17.42 | 16.36 | 3.59 | -1.09 |
| Net Worth | 54.31 | 41.16 | 27.37 | 24.00 |
| Total Borrowing | 51.92 | 42.01 | 21.36 | 16.58 |
| Total Assets | 170.06 | 128.86 | 97.83 | 81.23 |
| NAV per share (in ₹) | 27.15 | 20.58 | NA | NA |
| EPS - Basic (in ₹) | 8.07 | 8.14 | 1.68 | -0.55 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | 14.78% |
| PAT | 9.26% |
| ROE | 47.50% |
| ROCE | 35.20% |
| Debt to Equity | 1.02 |
| PE Ratio | 19.53 |
| PB Ratio | 7.73 |
| Mkt Cap (in Crs.) | 388.79 |
- All Ratios are based on Mar 24
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Chandan Healthcare IPO Peer Comparision
| Particulars | Co. | Vijaya Diagnostic | Dr. Lal Pathlabs | Metropolis Healthcare |
|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 176.59 | 547.81 | 2,226.64 | 1,207.71 |
| PAT (In Crs.) | 16.36 | 119.64 | 362.29 | 128.46 |
| EPS - Basic | 8.14 | 11.62 | 46.25 | 24.95 |
| NAV per share | 20.58 | 64.21 | 221.61 | 214.01 |
| RONW | 39.54% | 19.91% | 20.61% | 12.33% |
| EBITDA Margin | 14.78% | 39.95% | 27.36% | 23.40% |
| PAT Margin | 9.26% | 21.84% | 16.27% | 10.64% |
| Price to earning (PE) | 19.53 | 87.75 | 62.34 | 72.18 |
| Debt to Equity | 1.02 | 0.39 | 0.05 | 0.00 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of January 30, 2025 for Peers
Chandan Healthcare IPO Peer Comparision
| Particulars | Co. |
|---|---|
| Revenue from Ops (in Crs.) | 176.59 |
| PAT (In Crs.) | 16.36 |
| EPS - Basic | 8.14 |
| NAV per share | 20.58 |
| RONW | 39.54% |
| EBITDA Margin | 14.78% |
| PAT Margin | 9.26% |
| Price to earning (PE) | 19.53 |
| Debt to Equity | 1.02 |
| Vijaya Diagnostic | Dr. Lal Pathlabs | Metropolis Healthcare |
|---|---|---|
| 547.81 | 2,226.64 | 1,207.71 |
| 119.64 | 362.29 | 128.46 |
| 11.62 | 46.25 | 24.95 |
| 64.21 | 221.61 | 214.01 |
| 19.91% | 20.61% | 12.33% |
| 39.95% | 27.36% | 23.40% |
| 21.84% | 16.27% | 10.64% |
| 87.75 | 62.34 | 72.18 |
| 0.39 | 0.05 | 0.00 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of January 30, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Amar Singh | 11.60% |
| Amaranita Holdings (India) Private Limited | 29.22% |
| Vinay Lamba | 7.92% |
| Other Promoters | 21.22% |
Management Details
| Name | Designation |
|---|---|
| Amar Singh | Chairman & MD |
| Asmita Singh | MD |
| Rajeev Nain, | CFO |
Company Details
Name : Chandan Healthcare Limited
Address : Biotech Park, Sector G, Jankipuram, Kursi Road, Lucknow- 226021, Uttar Pradesh, India
Number : +91 8429024430
Email : secretarial@chandan.co.in
Website : www.chandandiagnostic.com
Book Running Lead Managers (BRLMs)
Unistone Capital
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KFin Technologies
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Chandan Healthcare IPO is a SME IPO having an issue size of Rs. ₹107.36 Crs. Chandan Healthcare IPO is priced at ₹151 - ₹159 per share. The issue opens on 10 Feb 25 and closes on 12 Feb 25.
Chandan Healthcare IPO opens on 10 Feb 25 and closes on 12 Feb 25.
The estimated Grey Market Premium of Chandan Healthcare IPO is ₹0 per share (0.00%).
The minimum lot size of Chandan Healthcare IPO is 800 shares & the minimum application amount is Rs. 127200.
The allotment date of Chandan Healthcare IPO is 13 Feb 25.
The listing date of Chandan Healthcare IPO is 17 Feb 25.
Chandan Healthcare IPO is subscribed 7.52 times.
Chandan Healthcare IPO is priced at ₹151 - ₹159 per share.
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