Chandan Healthcare Limited IPO

Minimum Investment

Minimum Investment (Retail)Lots (min)Shares (QTY)
₹1,27,2001800

About Chandan Healthcare Limited IPO

Incorporated in September 2003, 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

  1. 481 routine pathology tests in basic biochemistry and haematology, plus 1,015 specialised tests like immunohistopathology and molecular pathology, and
  2. 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.

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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

Competitive Strength:

  • 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.

Chandan Healthcare Limited IPO Details

IPO DateFebruary 10, 2025 to February 12, 2025
Face Value₹10 per share
Price Band₹151 to ₹159 per share
Lot Size800 Shares
Total Issue Size67,52,000 shares
(aggregating up to ₹107.36 Cr)
Fresh Issue44,52,064 shares
(aggregating up to ₹ 70.79 Cr)
Offer for Sale22,99,936 shares of ₹10
(aggregating up to ₹36.57 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share Holding Pre Issue2,00,00,000 shares
Share Holding Post Issue2,44,52,064 shares
IPO Open DateMonday, February 10, 2025
IPO Close DateWednesday, February 12, 2025
Basis of AllotmentThursday, February 13, 2025
Initiation of RefundsFriday, February 14, 2025
Credit of Shares to DematFriday, February 14, 2025
Listing DateMonday, February 17, 2025
Cut-off time for UPI mandate confirmation5 PM on February 12, 2025

Chandan Healthcare Limited IPO Prospectus

Chandan Healthcare Limited Financial Snapshot (in Crore)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets170.06128.8697.8381.23
Revenue167.99177.96137.03119.92
Profit After Tax17.4216.363.59-1.09
Net Worth41.0927.323.93
Reserves and Surplus34.3121.167.374
Total Borrowing51.9242.0121.3616.58

Chandan Healthcare Limited Promoters Holding

Amaranita Holdings (India) Private Limited, Amar Singh, Asmita Singh, Alok Singh, Shaleen Solanki, Vijay Singh and Vinay Lamba

Chandan Healthcare Limited Contact Details

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/

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