Chandan Healthcare IPO is a book-built issue worth Rs 107.36 crores, comprising a fresh issue of 44.52 lakh shares amounting to Rs 70.79 crores and an offer for sale of 23.00 lakh shares aggregating to Rs 36.57 crores.
The subscription for the Chandan Healthcare IPO will open on February 10, 2025, and close on February 12, 2025. The allotment process is expected to be finalized on Thursday, February 13, 2025. The IPO is set to list on the NSE SME, with a tentative listing date scheduled for Monday, February 17, 2025.
Chandan Healthcare operates in the Hospitals & Medical Services sector. They run a diagnostic network in North India, offering pathology and radiology testing services. Their facilities are spread across various cities and towns in Uttar Pradesh and Uttarakhand.
The price band for the Chandan Healthcare IPO is set between ₹151 and ₹159 per share. Investors must apply for a minimum lot size of 800 shares. Retail investors need to invest a minimum of ₹1,27,200, while high-net-worth individuals (HNI) must apply for at least 2 lots (1,600 shares), amounting to ₹2,54,400.
Unistone Capital Pvt Ltd is the book-running lead manager for the Chandan Healthcare IPO, with Kfin Technologies Limited serving as the registrar for the issue. The market-making responsibilities will be handled by R.K. Stock Holding Private Limited.
Chandan Healthcare IPO Details:
| Company Name | Chandan Healthcare Limited |
| Sector | Healthcare |
| IPO Type | SME |
| IPO Open date | 10th Feb 2025 |
| IPO Close date | 12th Feb 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Chandan Healthcare IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 800 | 1,27,200 |
| HNI (Min) | 2 | 1600 | 2,54,400 |
Chandan Healthcare IPO Timeline:
| IPO Open Date | 10th Feb 2025 |
| IPO Close Date | 12th Feb 2025 |
| Basis of Allotment | 13th Feb 2025 |
| Refund Initiation Date | 14th Feb 2025 |
| Shares Credit to Demat | 14th Feb 2025 |
| Listing Date | 17th Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Chandan Healthcare’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Healthcare Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Chandan Healthcare and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
