Nidan Laboratories and Healthcare Limited IPO (Nidan Laboratories and Healthcare IPO)

Nidan Laboratories and Healthcare IPO 2021
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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.

Nidan Laboratories and Healthcare IPO

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

ParticularsFor the year/period ended (₹ in Millions)
30-Jun-2131-Mar-2131-Mar-2031-Mar-19
Total Assets543.30524.36452.07430.57
Total Revenue78.45218.53221.91209.72
Profit After Tax10.8723.027.142.23

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 2021

Nidan Laboratories And Healthcare IPO Details

IPO Opening DateOct 28, 2021
IPO Closing DateNov 02, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹125 per equity share
Market Lot1000 Shares
Min Order Quantity1000 Shares
Listing AtNSE SME
Issue Size4,000,000 Eq Shares of ₹10
(aggregating up to ₹50.00 Cr)

Nidan Laboratories And Healthcare IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum11000₹125,000
Maximum11000₹125,000

Nidan Laboratories And Healthcare IPO Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding71.22%

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
Websitehttps://nidanhealthcare.co.in/

Nidan Laboratories And Healthcare IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttp://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 [].