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.
The Company’s 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 Pathology Tests
- Specialized Pathology Tests
- Radiology Tests
- Preventive and Wellness Services
- Home Collection Service
Chandan Healthcare IPO – Details
| IPO Opening Date | 10 February 2025 |
| IPO Closing Date | 12 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 67,52,000 Shares Worth ₹107.36 Crore Fresh Issue: 44,52,064 Shares Worth ₹70.79 Crore Offer For Sale: 22,99,936 Shares Worth ₹36.57 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹151 – ₹159 per share |
| Market Lot | 800 Shares |
| Min Order | 800 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Chandan Healthcare IPO – Date Schedule
| IPO Open Date | 10 February 2025 |
| IPO Close Date | 12 February 2025 |
| Basis of Allotment | 13 February 2025 |
| Initiation of Refund | 14 February 2025 |
| Credit of Shares to Demat Account | 14 February 2025 |
| IPO Listing Date | 17 February 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 12, 2025 |
Chandan Healthcare IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,27,200 |
| Retail (Max) | 1 | 800 | ₹1,27,200 |
| HNI (Min) | 2 | 1600 | ₹2,54,400 |
Competitive Strengths
- Strong geographic presence in Uttarakhand, including 39 tier-two cities and towns.
- Integrated diagnostics provider offering pathology, radiology testing, and medical consultations.
- Track record of profitability and consistent financial performance.
- Dedicated management team with significant industry experience.
Company Promoters
- Amaranita Holdings (India) Private Limited
- Amar Singh
- Asmita Singh
- Alok Singh
- Shaleen Solanki
- Vijay Singh
- Vinay Lamba
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 119.91 | 120.97 | –1.09 | 16.58 |
| 31 March 2023 | 137.02 | 132.01 | 3.58 | 21.36 |
| 31 March 2024 | 177.95 | 156.49 | 16.35 | 42.01 |
| 31 December 2024 | 167.98 | 144.58 | 17.41 | 51.92 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 47.50% |
| ROCE | 35.20% |
| Debt/Equity | 1.02 |
| RoNW | 39.54% |
| PAT Margin | 9.26 |
| Price to Book Value | 7.73 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 8.18 | 9.50 |
| P/E (x) | 19.44 | 16.74 |
Object Of The Issue
- Setting up a new Flagship Diagnostic Centre in Jankipuram, Lucknow, Uttar Pradesh.
- Setting up a new Central Reference laboratory at Ayodhya, Uttar Pradesh.
- Setting up a new Central Reference laboratory at Ashiyana, Lucknow, Uttar Pradesh.
- General corporate purposes.
Chandan Healthcare IPO Promoter Holding
| Pre Issue Share Holding | 69.96% |
| Post Issue Share Holding | – |
Chandan Healthcare IPO Prospectus
Company Contact Information
| Chandan Healthcare Limited Biotech Park, Sector G, Jankipuram, Kursi Road, Lucknow-226021 Phone: +91 8429024430 Email: secretarial@chandan.co.in Website: https://www.chandandiagnostic.com/ |
Chandan Healthcare IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: chl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Chandan Healthcare IPO Lead Manager(s)
| 1. Unistone Capital Pvt Ltd |
Chandan Healthcare IPO FAQs
| What is Chandan Healthcare IPO? Chandan Healthcare IPO is a SME IPO. The issue is priced at ₹151 to ₹159 per equity share. The IPO is to be listed on NSE SME. |
| When Chandan Healthcare IPO will open? The IPO is to open on 10 February 2025 for QIB, NII, and Retail Investors. |
| What is Chandan Healthcare IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Chandan Healthcare IPO? You can apply Chandan Healthcare IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Chandan Healthcare IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Chandan Healthcare IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Chandan Healthcare IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Chandan Healthcare IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Chandan Healthcare IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Chandan Healthcare IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Chandan Healthcare IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Chandan Healthcare IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Chandan Healthcare IPO Size? Chandan Healthcare IPO size is ₹107.36 Crore. |
| What is the Chandan Healthcare IPO Price Band? Chandan Healthcare IPO Price Band is ₹151 to ₹159. |
| What is Chandan Healthcare IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 800 Shares with ₹1,27,200 amount while the maximum bid is 800 Shares with ₹1,27,200. |
| What is the Chandan Healthcare IPO Allotment Date? Chandan Healthcare IPO allotment date is 13 February 2025. |
| What is the Chandan Healthcare IPO Listing Date? Chandan Healthcare IPO listing date is 17 February 2025. The IPO is to be listed on NSE SME. |
