Chandan Healthcare IPO Review: Apply or Avoid?
Posted by : sachet | Fri Feb 07 2025
The Chandan Healthcare IPO is set to open for bidding on 10th February 2025 at 10 AM. The offer is a completely book-built issue with a total issue size of ₹107.36 Cr. The Chandan Healthcare IPO is set to be listed on the Indian markets on 17th February 2025 (tentatively).
The public issue is a combination of a fresh issue of 44.52 lakh shares and an offer for sale (OFS) of 23.00 lakh shares.
Chandan Healthcare IPO Details
Chandan Healthcare IPO is being offered for subscription to the Indian markets starting on 10th February 2025 with a price band of ₹ 151 as a floor price and ₹ 159 as a cap price. The minimum lot size is set at 800 per share, aggregating to a minimum application amount of ₹ 1,27,200 (cap price * minimum lot size).
The allotment basis for Chandan Healthcare IPO will be decided on 13th February 2025, and the refund initiation and credit of shares in a bank account is set to take place on 14th February 2025.
The book-running lead manager for the Chandan Healthcare IPO is Unistone Capital Private Limited. Kfin Technologies Limited is the registrar for the issue and R.K. Stock Holding Private Limited. is the market maker for the IPO. Refer to the below table for more details about the Chandan Healthcare IPO:
| IPO Open Date | 10th February 2025 |
| IPO Close Date | 12th February 2025 |
| Basis of Allotment | 13th February 2025 |
| Refund Initiation & Credit of Shares | 14th February 2025 |
| Listing Date | 17th February 2025 |
| Issue Size (in value) | ₹107.36 Cr |
| Issue Size (in shares) | 67,52,000 shares |
| Face Value | ₹ 10 per share |
| Lot Size | 800 shares |
| Price Band | ₹ 151 – ₹ 159 |
| Issue Type | Book Built Issue |
| Listing At | NSE SME |
Chandan Healthcare IPO GMP, Issue Size, Price, and Offer Details
Chandan Healthcare IPO, an NSE SME IPO is likely to be listed on the Indian stock exchanges on 17th February 2025. The minimum subscription for Chandan Healthcare IPO is as follows:
| Investor Categories | Reservation Required |
| QIB | <50% of total issue |
| Retail Investors | >35% of total issue |
| NII (sNII+bNII) | >15% of total issue |
| Total | 100% |
Chandan Healthcare IPO GMP (Grey Market Premium)
Chandan Healthcare IPO GMP: Grey Market Premium (GMP) refers to the price of an IPO trailing in the grey markets. It also refers to the difference between the issue price and the grey market price of an IPO.
As per the recent data available on 7th February of 2025, Chandan Healthcare IPO GMP currently stands at a price of ₹ 14. This GMP value indicates a premium debut of Chandan Healthcare Limited at an estimated listing price of ₹ 173. The estimated listing gains are estimated at 8.81%.
| GMP Date | [A]GMP (₹) | [B]Cap Price (₹) | [A+B]Estimated Listing Price (₹) | Estimated Listing Gains (%) |
| 07-02-2025 | ₹ 14 | ₹ 159 | ₹ 173 | 8.81 |
| 06-02-2025 | ₹ 14 | ₹ 159 | ₹ 173 | 8.81 |
| 05-02-2025 | ₹ 0 | ₹ 159 | ₹ 159 | 0.00 |
| 04-02-2025 | ₹ 0 | ₹ 159 | ₹ – | 0.00 |
| 03-02-2025 | ₹ 0 | ₹ 159 | ₹ – | 0.00 |
*Data is updated as of 7th February 2025.
Chandan Healthcare IPO Bidding Requirements
Chandan Healthcare IPO is offered with minimum bidding requirements of 800 shares and in multiples thereof. Refer to the below table for more details about the bidding requirements of Chandan Healthcare IPO:
| Investors Category | Lots | Minimum shares (A) | Cap Price (B) | Amount (A*B) |
| Retail (Min) | 1 | 800 | ₹ 159 | ₹ 1,27,200 |
| Retail (Max) | 1 | 800 | ₹ 159 | ₹ 1,27,200 |
| HNI (Min) | 2 | 1600 | ₹ 159 | ₹ 2,54,400 |
Chandan Healthcare IPO Review
Before investing in a company through its initial public offering, it is important to research and analyse the fundamentals and technical aspects of investing safely in the IPO. Therefore, if you want to make a sound investment decision regarding the Chandan Healthcare IPO, ensure that you read the details below about the company:
Financial Health
Chandan Healthcare Limited has experienced consistent growth in revenue since FY 31st March 2022. The company earned a total revenue (other income + revenue from operation ) of 11,991.58 lakh, which grew by 14.27% to 13,702.92 laksh in FY 2023. IN FY 2024, the total revenue of Chandan Healthcare was 17,795.86 lakhs.
On the profit side, the company’s profit also grew consistently from FY 2022 to FY 2024. The company had a weak performance in FY 2022 and booked a loss of 109.26 lakhs, whereas in FY 2023, the profit grew to 358.63 lakhs, and in FY 2024 the profit of the company stood at a figure of 1,635.50 lakhs.
Technical Analysis
A number of technical indicators are available to assess the stock’s potential for the coming time. You can analyse the potential of Chandan Healthcare IPO with the help of the technical indicators mentioned below.
| Key Indicators | Value |
| P/E Ratio (Pre-IPO) | 19.44 |
| D/E Ratio (Debt to Equity) | 1.02 |
| EPS (Pre-IPO) | 8.18 |
| RONW | 39.54% |
| ROE (Return on Equity) | 47.50% |
| ROCE | 35.20% |
| PAT Margin (Profit After Tax) | 9.26 |
*Data is updated as of 7th February 2025.
The PE ratio of Chandan Healthcare Limited shares is 19.44, and its Earnings Per Share (pre-IPO) stands at 8,18. It indicates that the IPO has a high potential to deliver short and long-term returns.
Chandan Healthcare Limited has shown considerable growth in its financial performance and has portrayed itself as a strong candidate for SME IPO investment. Also, the technical ratios of Chandan Healthcare Limited depict that it has the potential for substantial growth in the future. However, these performances figure do not guarantee profits in Chandan Healthcare IPO investments therefore, it is advisable that you do not invest in the public issue without performing extensive research.
Objectives of Chandan Healthcare IPO
Chandan Healthcare Limited is raising approximately ₹ 107.36crores from the IPO to meet various business and corporate objectives in the coming future. The aim and allocation of the Chandan Healthcare IPO is as follows:
| Particular | Estimated Amount (₹) |
| Setting up of a new Flagship diagnostic centre in Jankipuram, Lucknow, Uttar Pradesh. | 3,281.58 |
| Setting up of a new Central Reference laboratory at Ayodhya,Uttar Pradesh. | 710.23 |
| Setting up of a new Central Reference laboratory at Ashiyana,Lucknow, Uttar Pradesh. | 710.11 |
| General corporate purposes* | – |
(fgures in lakhs)
*The amount will be decided after the determination of the offer price and the amount to be used for general corporate purposes can not exceed 25% of the Gross Proceeds.
About Chandan Healthcare Limited
Chandan Healthcare Limtied is involved in the business of running testing laboratories in North India. As of 31st December 2024, the company provides a wide array of test aggregating to a total of 1,496 across different specialists. Chandan Healthcare Limited has a test menu of (a) 481 routine pathology tests, covering basic biochemistry and hematology, as well as 1,015 specialised pathology tests, (b) 545 radiology tests, including basic x-rays, ultrasonography, computed tomography, magnetic resonance imaging and specialised CT scans
The company has a group of 15 radiologists, 23 pathologists, and more than 161 qualified professionals, including clinicians, technicians and operators. The company operates on a cluster and collections points model, i.e. grouping nearby patients and laboratories or clinics into clusteer and collecting samples at those diagnosed points, then transporting them in bulk to a central laboratory for processing.
Chandan Healthcare Limited Financial Performance
(Figures are in Lakhs)
| Particulars | Fiscal Year 2024 | Fiscal Year 2023 | Fiscal Year 2022 |
| Revenue From Operations | ₹ 17,659.01 | ₹ 13,688.94 | ₹ 11,956,35 |
| EBDITA | ₹ 2,610.28 | ₹ 927.41 | ₹ 215.75 |
| PAT | ₹ 1,635.51 | ₹ 358.63 | ₹ (109.25) |
| Pat Margin (%) | 9.26% | 2.62% | (0.91)% |
| Net Worth | ₹ 4,116.07 | ₹ 2,736.87 | ₹ 2,400.07 |
How to Apply for Chandan Healthcare IPO
To apply for the Chandan Healthcare IPO, you simply need to follow the below steps:
- Research the risks, benefits, and key details of the public offer.
- Open a demat account with Univest to know more about the IPO and invest in it. If you have an old demat account, you can also use it to invest in the IPO.
- If you are a retail investor, then place a bid of 800 shares for a total amount of ₹ 1,27,200.
- Once the bidding process is completed, you will receive a request for payment initiation on your chosen investment method. Approve the payment request and stay updated with the allotment status for the Chandan Healthcare IPO.
Let’s Wrap
- Chandan Healthcare IPO will be open for bidding on 10th February 2025 and will close on 12th February 2025.
- The total size of Chandan Healthcare Limited IPO is 67,52,000 shares shares, aggregating to ₹ 107.36 crores.
- The public offer is a book-built issue and consists completely of a fresh issue of 67.52 lakh shares.
- The last updated grey market premium of Chandan Healthcare IPO is ₹ 14.
- The price band of Chandan Healthcare IPO is set with a floor price of ₹ 150 and a cap price of ₹ 159.
FAQ on Chandan Healthcare IPO
1. What is the price of the Chandan Healthcare IPO?
The price band of Chandan Healthcare IPO is ₹ 150 to ₹ 159. It is a 100% book-built issue of ₹ 107.36 crores, which is set for bidding on 10th February 2025 and will close on 12th February 2025.
2. How can I check Chandan Healthcare’s IPO status?
You can check the status of Chandan Healthcare IPO either on the official website of the National Stock Exchange or through your registered stockbroking platform.
3. What is the GMP of Chandan Healthcare IPO?
The latest updated GMP of the Chandan Healthcare IPO as of 7th February 2025 is ₹ 14.
4. What is Chandan Healthcare Limited’s business?
Chandan Healthcare Limited is involved in the business of providing a wide range of test services to customers in North India through its laboratories.
Open a demat account on Univest now to initiate your investment journey. Explore the Univest terms and conditions by clicking on the link.
Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about Chandan Healthcare IPO, download the Chandan Healthcare IPO RHP and IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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