Chandan Healthcare Limited
Bookbuilding IPO · NSE
- Price band
- ₹151 - ₹159
- Lot size
- 800 shares
- Issue amount
- ₹107.36 cr
- Total subscription
- 7.11×
- Opens
- 10 Feb 2025
- Closes
- 12 Feb 2025
- Allotment
- 13 Feb 2025
- Listing
- 17 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 67,52,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,800
- Fresh issue
- ₹70.79 cr
- Offer for sale
- ₹36.57 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,27,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,00,00,000
- Shares after issue
- 2,44,52,064
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 800 | ₹1,27,200 |
| HNI | 2 | 1,600 | ₹2,54,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 12 |
| NIB | — | 457 |
| RETAIL | — | 6,591 |
| EMPLOYEES | — | 39 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 19.61 | 148.77 |
| RETAIL | 34.33 | 83.84 |
| EMPLOYEES | 3.91 | 0.81 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 8.07 | 8.14 | 1.68 |
| ROE | 33.83 | 47.5 | 13.11 |
| ROCE | 27.17 | 35.2 | 15.61 |
| RONW | 29.74 | 39.54 | 12.31 |
| PRE IPO(PE) | 0 | 19.44 | 0 |
| POST IPO(PE) | 16.76 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established in September 2003, Chandan Healthcare Limited is a leading diagnostic network in North India, offering a wide range of pathology and radiology services. The company operates a flagship lab, seven central labs, 26 satellite centres, and over 300 collection centres across 23 cities in Uttar Pradesh and more than 19 in Uttarakhand. Its portfolio includes 1,496 tests covering routine pathology, specialized diagnostics, and advanced imaging such as X-rays, CT scans, MRIs, and ultrasounds. Supported by a team of radiologists, pathologists, and skilled professionals, Chandan Healthcare is dedicated to providing accurate, reliable, and accessible diagnostic services across its growing network.
Strengths
- Wide Regional Reach – Well-connected across North India, covering 39 tier-two cities and towns in Uttarakhand for easy accessibility.
- All-in-One Diagnostic Services – Offering a full range of pathology, radiology tests, and medical consultations with 1,496 test options.
- Strong & Stable Growth – Consistently profitable with a solid financial foundation, ensuring long-term reliability.
Risk factors
- Dependence on Key Centers – If major diagnostic centers face disruptions, it could affect test processing, business operations, and financial performance.
- Brand Importance – The company's success relies on maintaining a strong brand reputation, which could be challenged by competition or service issues.
- Revenue Risks – A large share of earnings comes from B2C and a few key clients, but without long-term contracts, revenue could fluctuate if agreements aren’t renewed.
Promoters
Amaranita Holdings (India) Private Limited
Amar Singh
Asmita Singh
Alok Singh
Shaleen Solanki
Vijay Singh
Vinay Lamba
Registrar & documents
Lead manager
Unistone Capital Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Biotech Park, Sector G, Jankipuram, Kursi Road, Lucknow-226021
+91 8429024430
[email protected]Company website ↗Understanding CHANDAN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.