Compiled in 2000, Nidan Laboratories and Healthcare Limited provide diagnostic services that include radiology, neurology, cardiology, dentistry and pathology services. As of March 31, 2021, the company had delivered approximately 740 and 3000 special pathology tests and nearly 220 and 320 basic radiology tests involving a variety of specialists and disciplines. The company provides pathology tests from basic biochemistry and clinical pathology to cytogenetic and high-end cellular testing, as well as radiology tests from basic echocardiograms, X-Rays, and ultrasound to advanced radiology tests including computed tomography (CT) scan, magnetic resonance imaging (MRI) scan. The company also offers a wide range of customized health and wellness packages to its customers and provides useful services to its customers such as a collection of home samples, house calls, and a variety of delivery or access methods for test reports.
Nidan has come up with a unique mobile booking application under the name “NIDAN HEALTHCARE” which is supported by an indigenous software called “Nidan Operation Management (NOM).” This unique app enables patients to book appointments at any test, anywhere, at any time. The company has also partnered with disease partners such as Metropolis Laboratories Limited for its services.
Of the 35 centers operating under the brand name “Nidan Healthcare”, 16 centers are under the Franchisee model where one facility operates as a fully functional diagnostic center and 15 facilities operate as independent collection centers. As of June 30, 2021, the company had a total of 213 employees. The company has received accolades such as Best Diagnostic Chain of India Award 2019, in the category of 20+ diagnostic centers by Express Healthcare.
Competitive Strengths
- Trusted, high quality, and reliable brand name.
- Customer-centric approach & services
- Location benefits
- Wide range of diagnostic services at affordable prices
- Robust IT technical capabilities with strong IT infrastructure
- Strong and experienced leadership with a dedicated management team
Company Promoters
Dr. Nithin Vitthalrao Thorave is the company promoter.
Company Financials
| Particulars | For the year/period ended (₹ in Millions) | |||
|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 543.30 | 524.36 | 452.07 | 430.57 |
| Total Revenue | 78.45 | 218.53 | 221.91 | 209.72 |
| Profit After Tax | 10.87 | 23.02 | 7.14 | 2.23 |
Objects Of The Issue
The net proceed from the IPO will be utilized towards the following purposes;
- Repayment / pre-payment of certain borrowings – Rs.25 crores.
- Additional Working Capital – Rs.17 crores.
- General Corporate Expenses – Rs.4.4 crores.
- To meet the expenses of the Issue – Rs.3.6 crores.
Nidan Laboratories And Healthcare IPO Details
| IPO Opening Date | Oct 28, 2021 |
| IPO Closing Date | Nov 02, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹125 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | 4,000,000 Eq Shares of ₹10 (aggregating up to ₹50.00 Cr) |
Nidan Laboratories And Healthcare IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹125,000 |
| Maximum | 1 | 1000 | ₹125,000 |
Nidan Laboratories And Healthcare IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 71.22% |
Company Contact Information
| Nidan Laboratories and Healthcare Limited Swapnshilpa, Behind Aarti Apartment, Vartak Road, Virar (West) – 401303, Palagar, Maharashtra, India Phone: +91 8975610000 Email: cs@nidanhealthcare.co.in Website: https://nidanhealthcare.co.in/ |
Nidan Laboratories And Healthcare IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Nidan Laboratories And Healthcare IPO FAQs
| When Nidan Laboratories And Healthcare IPO will open? The Nidan Laboratories And Healthcare IPO dates are 28 Oct 2021 To 02 Nov 2021. |
| What is the lot size of Nidan Laboratories And Healthcare IPO? Nidan Laboratories And Healthcare IPO lot size and the minimum order quantity is 1000 Shares. |
| How to apply for Nidan Laboratories And Healthcare IPO? You can apply in Nidan Laboratories And Healthcare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Nidan Laboratories And Healthcare IPO listing date? The Nidan Laboratories And Healthcare IPO listing date is not announced. The date of Nidan Laboratories And Healthcare IPO listing is []. |
