Chandan Healthcare SME IPO Details, Financials, Valuation & Peers
Explore Chandan Healthcare IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Chandan Healthcare Limited operates a diagnostic network in North India, providing pathology and radiology testing services. With a presence in Uttar Pradesh, Uttarakhand and Jaipur, the company has a well-established infrastructure, including central laboratories, satellite centers, and collection points. It follows a cluster-based model for sample collection and testing, ensuring operational efficiency and service consistency. The company serves customers across B2B, B2G, and B2C segments. Its subsidiary, Chandan Pharmacy Limited, operates a chain of retail pharmacy stores, contributing significantly to its revenue.
Key Points:
- Diagnostic Network: Operates 1 flagship laboratory, 9 central laboratories, 27 satellite centers, and 300+ collection centers.
- Geographic Presence: Facilities in over 23 cities in Uttar Pradesh, 19 cities in Uttarakhand, and Jaipur.
- NABL & NABH Accreditation: 8 NABL-accredited laboratories and 3 NABH-accredited diagnostic centers.
- Test Portfolio: Offers 1,496 tests, including 481 routine pathology tests, 1,015 specialized pathology tests, and 545 radiology tests.
- Medical Team: 15 radiologists, 23 pathologists, and 161+ qualified professionals.
- Subsidiary – Chandan Pharmacy Limited: Operates 31 pharmacy outlets in Uttar Pradesh and Uttarakhand, contributing 45.00% to consolidated revenue in Dec 2024.
Objects of the Issue
- Setting up of a new Flagship Diagnostic Centre in Jankipuram, Lucknow, Uttar Pradesh.
- Setting up of a new Central Reference laboratory at Ayodhya, Uttar Pradesh
- Setting up of a new Central Reference laboratory at Ashiyana, Lucknow, Uttar Pradesh.
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 10 Feb - 12 Feb 2025 |
| IPO Price Band | ₹151 - ₹159 per share |
| Fresh Issue | 44,52,064 shares (₹70.79 crore) |
| Offer For Sale | 22,99,936 shares (₹36.57 crore) |
| Total IPO Size | ₹107.36 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 10 Feb 2025 |
| IPO Closing Date | 12 Feb 2025 |
| Basis Of Allotment | 13 Feb 2025 |
| Refunds | 14 Feb 2025 |
| Demat Transfer | 14 Feb 2025 |
| IPO Listing Date | 17 Feb 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Dec 2024 |
|---|---|---|---|---|
| Total Income | 119.92 | 137.03 | 177.96 | 167.99 |
| Total Expenses | 120.98 | 132.02 | 156.50 | 144.58 |
| Net Profit/Loss | -1.09 | 3.59 | 16.36 | 17.42 |
| NPM (*) | -0.91 | 2.62 | 9.26 | 10.40 |
| Total Assets | 81.23 | 97.83 | 128.86 | 170.06 |
| Total Liabilities | 55.06 | 68.07 | 85.24 | 112.02 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Dec 2024 |
|---|---|---|---|---|
| EPS | -0.55 | 1.68 | 8.14 | 8.07 |
| ROE (%) | -4.64 | 13.11 | 47.50 | 33.83 |
| ROCE (%) | 1.34 | 15.61 | 35.20 | 27.17 |
| D/E Ratio | 0.69 | 0.78 | 1.02 | 0.96 |
| Current Ratio | 0.96 | 0.95 | 1.05 | 1.03 |
| EBITDA MARGIN (%) | 1.80 | 6.77 | 14.78 | 17.97 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Chandan Healthcare Limited | 176.59 | 19.53 | 8.14 | 39.54 | 20.58 |
| Vijaya Diagnostic Ltd | 547.81 | 87.75 | 11.59 | 19.91 | 64.21 |
| Dr. Lal Pathlabs Ltd | 2,226.64 | 62.34 | 46.18 | 20.61 | 221.61 |
| Metropolis Healthcare Ltd | 1,207.71 | 72.18 | 24.87 | 12.33 | 214.01 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 7.58 |
| Non-Institutional Investor (NII/HNI) | 18.85 |
| Retail Individual Investor (RII) | 2.44 |
| Total | 7.04 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- AMARANITA HOLDINGS (INDIA) PRIVATE LIMITED
- AMAR SINGH
- ASMITA SINGH
- ALOK SINGH
- SHALEEN SOLANKI
- VIJAY SINGH
- VINAY LAMBA
Lead Managers
- UNISTONE CAPITAL PRIVATE LIMITED
Company Address
Chandan Healthcare Limited
Biotech Park, Sector G, Jankipuram, Kursi Road, Lucknow226021, Uttar Pradesh, India
Phone: +91 8429024430
Email: secretarial@chandan.co.in
Website: www.chandandiagnostic.com
FAQs
- What is the issue size of the Chandan Healthcare SME IPO?The Chandan Healthcare SME IPO has an issue size of ₹107.36 crore. This includes a fresh issue of 44,52,064 shares (₹70.79 crore) and an offer for sale (OFS) of 22,99,936 shares (₹36.57 crore).
- What is the price band of the Chandan Healthcare IPO?The price band for the Chandan Healthcare IPO is ₹151 - ₹159 per share.
- What are the bidding dates for the Chandan Healthcare IPO?The Chandan Healthcare IPO will open for bidding on 10 Feb 2025 and close on 12 Feb 2025.
- What is the allotment date for the Chandan Healthcare IPO?The allotment date for the Chandan Healthcare IPO is 13 Feb 2025.
- What is the minimum lot size and investment required for the Chandan Healthcare IPO?The minimum lot size for the Chandan Healthcare IPO is 800 shares and the minimum investment required is ₹1,27,200.
- What is the listing date for the Chandan Healthcare IPO?The listing date for the Chandan Healthcare IPO is 17 Feb 2025.
- What is the Chandan Healthcare IPO grey market premium?The grey market premium (GMP) for the Chandan Healthcare IPO is currently at ₹5, with an expected listing gain of approximately 3.14%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.