Chandan Healthcare Limited

Chandan Healthcare Limited

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹151 - ₹159

Total Issue

₹107.36 Cr

Bid Dates

10 Feb - 12 Feb

Subscription

7.52x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for Chandan Healthcare IPO
Category Lots Shares Amount
Individual (Min) 1 800 ₹1,27,200
Individual (Max) 1 800 ₹1,27,200
S-HNI (Min) 2 1,600 ₹2,54,400
S-HNI (Max) 7 5,600 ₹8,90,400
B-HNI (Min) 8 6,400 ₹10,17,600
Market Maker
3,39,200 EQ Share
Employee
2,45,600 EQ Share
Shareholder
₹0.00

Issue Size

Total ₹107.36 Cr
Fresh Issue
₹70.79 Cr (0.45 Cr Shares)
Offer For Sale
₹36.57 Cr (0.23 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹159
Est. Gain 0.00%

Chandan Healthcare IPO Peer Comparison

(Rs. in crores)

Chandan Healthcare IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Chandan Healthcare IPO
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

KPIs

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.

Shareholding

Promoter

21.22%

Public

78.78%

Amar Singh 11.60%
Amaranita Holdings (India) Private Limited 29.22%
Vinay Lamba 7.92%

Management

Amar Singh Chairman & MD
Asmita Singh MD
Rajeev Nain, CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Lead Managers (1)

Unistone Capital Unistone Capital

Subscription Status

Updated as on 12-Feb-2025 19:00:19 hrs

Category Sub (x) Offered Bids
QIB 7.58x 12,33,600 93,56,800
NII 18.85x 9,25,600 1,74,52,000
Retail 2.44x 21,59,200 52,72,800
Employee - 0 51,200
Total 7.44x 43,18,400 3,21,32,800

Frequently Asked Questions

What is Chandan Healthcare IPO?
Chandan Healthcare IPO is a SME IPO having an issue size of ₹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.
When will Chandan Healthcare IPO open?
Chandan Healthcare IPO opens on 10 Feb 25 and closes on 12 Feb 25.
What is the GMP of Chandan Healthcare IPO?
The estimated Grey Market Premium of Chandan Healthcare IPO is ₹0 per share (0.00%).
What is the lot size of Chandan Healthcare IPO?
The minimum lot size of Chandan Healthcare IPO is 800 shares & the minimum application amount is Rs. 127200.
When is the allotment of Chandan Healthcare IPO?
The allotment date of Chandan Healthcare IPO is 13 Feb 25.
What is the listing date of Chandan Healthcare IPO?
The listing date of Chandan Healthcare IPO is 17 Feb 25.
What is the subscription of Chandan Healthcare IPO?
Chandan Healthcare IPO is subscribed 7.52 times.
What is the price band of Chandan Healthcare IPO?
Chandan Healthcare IPO is priced at ₹151 - ₹159 per share.
How to check allotment status of Chandan Healthcare IPO?
Click the allotment link on Chandan Healthcare IPO page of IPO360.
How to apply Chandan Healthcare IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Chandan Healthcare IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Chandan Healthcare IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Chandan Healthcare IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date