Chandan Healthcare Limited IPO is opening for subscription on 10 February 2025 and will close on 12 February 2025. This SME IPO will be raising ₹107.36 crore from a mix of fresh issue of 44.52 lakh shares amounting to ₹70.79 crore and Offer for Sale (OFS) of 23 lakh shares worth ₹36.57 crore.
The Chandan Healthcare IPO allotment date will be finalized on Thursday, 13 February 2025. Chandan Healthcare shares will probably be listed on NSE SME on Monday, 17 February 2025.
Chandan Healthcare IPO price band has been set between ₹151 to ₹159 per share. The IPO lot size is 800 per application, making the minimum investment for retail investors stand at ₹127200. For the HNIs, the minimum number of lots they have to buy is 2 which means 1600 shares summing up to ₹254400.
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Chandan Healthcare NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | February 10, 2025 |
| IPO Closing Date | February 12, 2025 |
| Tentative IPO Listing Date | February 17, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹151 ₹159 per share |
| Lot Size | 800 shares |
| Total Issue Size | 6752000 Shares (₹107.36 Cr) |
| Fresh Issue | 4452064 Shares (₹70.79 Cr) |
| OFS | 2299936 Shares (₹36.57 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre-Issue | 20000000 shares |
| Share Holding Post-Issue | 24452064 shares |
Chandan Healthcare Limited | Company Overview
Chandan Healthcare Limited started its journey in 2003 it runs diagnostic centres across the northern part of India and it specializes in pathology and radiology services. It has one flagship laboratory which is the main laboratory of the firm and apart from this, it has seven central laboratories, 26 satellite centres, and over 300 collection centres spread across 23 cities in Uttar Pradesh and 19 plus centres in Uttarakhand.
The healthcare company offers more than 1496 different types of tests which include –
- 545 radiology tests such as USG, X-rays, CT, CT scans, MRI etc.
- 481 pathology tests which are required for basic check-ups and treatment
- 1015 specialised tests including molecular pathology, etc.
Each of the radiology facilities of Chandan Healthcare has 11 CT Scan machines, and 4 MRI machines at the least.
Chandan Healthcare Limited IPO | Key Details
- Chandan Healthcare IPO Opening Date: February 10, 2025,
- Chandan Healthcare IPO Closing Date: February 12, 2025.
- Allotment Date: February 13, 2025
- Price Band: ₹151 To ₹159 per share
- Lot Size: 800 shares
- Refunds Initiated: February 14, 2025
- Shares Credited to Demat: February 14, 2025
- Listing Date: February 17, 2025
Chandan Healthcare Ltd: Financial Overview
Chandan Healthcare Limited witnessed a massive surge in profits by 355.71% in FY24. Its revenue increased by 29.87% during the fiscal.
Here are the details of the financials of the firm –
Amounts in ₹ Crore
| Financial Information | 31-Mar-24 | 31-Mar-23 | Change | Change (%) |
| Assets | 128.86 | 97.83 | 31.03 | 31.71828682 |
| Revenue | 177.96 | 137.03 | 40.93 | 29.86937167 |
| Profit After Tax | 16.36 | 3.59 | 12.77 | 355.7103064 |
| Net Worth | 41.09 | 27.3 | 13.79 | 50.51282051 |
| Reserve & Surplus | 21.16 | 7.37 | 13.79 | 187.109905 |
| Total Borrowing | 42.01 | 21.36 | 20.65 | 96.67602996 |
Chandan Healthcare Ltd IPO | FAQs
Chandan Healthcare Ltd is engaged in providing different pathology test services, radiology test services and specialised test services as well.
The tentative IPO listing date of Chandan Healthcare has been fixed as Monday, February 17, 2025.
The bidding date for the Chandan Healthcare IPO is February 10 2025, and it will continue until February 12 2025.
The minimum IPO lot size for Chandan Healthcare is 800 shares and for HNIs, the minimum number of lots is 2.
The IPO allotment is expected to be finalized on Thursday, February 13, 2025.
The IPO face value is set at ₹10 per share.
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