Chandan Healthcare IPO: Key Details & Summary
Chandan Healthcare IPO Overview
Chandan Healthcare IPO is set to open on February 10, 2025, and will close on February 12, 2025. The IPO follows a Book Built Issue format, with the company aiming to raise approximately ₹107.36 crores. This consists of a fresh issue of ₹70.79 crores and an offer for sale (OFS) of 22,99,936 equity shares with a face value of ₹10 per share.
The IPO price band is fixed between ₹151 to ₹159 per share, and the company has allocated 35% for retail investors, 50% for QIB (Qualified Institutional Buyers), and 15% for HNI (High Net-worth Individuals). The IPO is scheduled to be listed on NSE SME on February 17, 2025. The allotment of shares is expected to be finalized on February 13, 2025.
Chandan Healthcare has shown significant financial growth, with revenue increasing from ₹137.03 crores in 2023 to ₹177.96 crores in 2024. Similarly, the company’s profit surged from ₹3.59 crores in 2023 to ₹16.36 crores in 2024, making it an attractive option for long-term investors.
Chandan Healthcare IPO Details
| IPO Details | Information |
|---|---|
| IPO Open Date | February 10, 2025 |
| IPO Close Date | February 12, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹151 to ₹159 Per Share |
| Issue Size | Approx ₹107.36 Crores |
| Fresh Issue | Approx ₹70.79 Crores |
| Offer for Sale | 22,99,936 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Chandan Healthcare IPO Market Lot
The minimum market lot for Chandan Healthcare IPO is 800 shares, with a minimum application amount of ₹1,27,200.
| Application Type | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 800 | 1,27,200 |
| Retail Maximum | 1 | 800 | 1,27,200 |
| S-HNI Minimum | 2 | 1,600 | 2,54,400 |
Chandan Healthcare IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | February 10, 2025 |
| IPO Close Date | February 12, 2025 |
| Basis of Allotment | February 13, 2025 |
| Refunds | February 14, 2025 |
| Credit to Demat | February 14, 2025 |
| Listing Date | February 17, 2025 |
Chandan Healthcare IPO Promoters
The promoters of Chandan Healthcare Limited are:
- Amaranita Holdings (India) Private Limited
- Amar Singh
- Asmita Singh
- Alok Singh
- Shaleen Solanki
- Vijay Singh
- Vinay Lamba
About Chandan Healthcare Limited
Founded in September 2003, Chandan Healthcare Limited specializes in diagnostic testing services, including pathology and radiology. The company operates:
- 1 flagship laboratory
- 7 central laboratories
- 26 satellite centers
- Over 300 collection centers
Chandan Healthcare has a strong presence across 15+ cities in Uttar Pradesh and 10+ cities in Uttarakhand. The B2C segment has been a key revenue driver, contributing 25.33% in 2024, 31.66% in 2023, and 49.45% in 2022. However, the company faces stiff competition from both organized and unorganized players, including hospital-owned diagnostic labs.
In FY 2024, the company reported:
- Revenue: ₹177.96 crores
- Profit After Tax (PAT): ₹16.36 crores
Chandan Healthcare IPO Financial Report
| Year | Revenue (₹ Cr.) | Expenses (₹ Cr.) | Profit After Tax (₹ Cr.) | Total Assets (₹ Cr.) |
|---|---|---|---|---|
| 2022 | 119.92 | 120.98 | 1.09 | 81.54 |
| 2023 | 137.03 | 132.02 | 3.59 | 98.13 |
| 2024 | 177.96 | 156.50 | 16.36 | 129.17 |
| Dec 2024 | 167.99 | 144.58 | 17.42 | 170.06 |
Chandan Healthcare IPO Valuation (FY 2024)
| KPI | Value |
|---|---|
| ROE (Return on Equity) | 47.60% |
| ROCE (Return on Capital Employed) | 35.04% |
| EBITDA Margin | 14.78% |
| PAT Margin | 9.26% |
| Debt-to-Equity Ratio | 1.02 |
| Earnings Per Share (EPS) | ₹8.14 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 39.61% |
| Net Asset Value (NAV) | ₹20.55 |
Peer Comparison
| Company | EPS | P/E Ratio | RoNW % | NAV (₹) | Revenue (₹ Cr.) |
|---|---|---|---|---|---|
| Vijaya Diagnostic Ltd | 11.62 | 77.22 | 19.91% | 64.21 | 547.81 |
| Dr. Lal Pathlabs Ltd | 46.25 | 71.20 | 19.59% | 221.61 | 2,226.64 |
| Metropolis Healthcare Ltd | 24.95 | 84.79 | 11.72% | 214.01 | 1,207.71 |
Objectives of the Issue
The IPO funds will be used for:
- Establishing a flagship diagnostic center in Jankipuram, Lucknow, Uttar Pradesh.
- Setting up two Central Reference Laboratories in Ayodhya and Ashiyana, Lucknow.
- General corporate purposes.
Chandan Healthcare IPO Registrar
KFin Technologies Limited
📞 Phone: 040-67162222, 040-79611000
📧 Email: chl.ipo@kfintech.com
🌐 Website
Chandan Healthcare IPO FAQs
✅ What is the Chandan Healthcare IPO issue size?
The total issue size is ₹107.36 crores, including a fresh issue of ₹70.79 crores and an offer for sale of 22,99,936 shares.
✅ What is the IPO price band?
The price band is ₹151 to ₹159 per share.
✅ When will the IPO be listed?
The IPO is scheduled to be listed on NSE SME on February 17, 2025.
✅ How to apply for the Chandan Healthcare IPO?
Investors can apply via ASBA through a bank account or UPI through a stockbroker.
✅ Is Chandan Healthcare IPO a good investment?
With strong financials and growth potential, long-term investors may find it a compelling opportunity.
🚀 Stay tuned for the latest updates on Chandan Healthcare IPO!