Chandan Healthcare Limited

Company Name	Chandan Healthcare Limited
Open Date	10-02-2025
Close Date	12-02-2025
Exchange	NSE SME
Lot Size	800 Shares
Issue Price	₹151 to ₹159 per share
Issue Size	67,52,000 shares
Application Amount	₹1,20,800
Recommendation	Neutral

Company Background – Incorporation: Incorporated in 2003, the company’s registered office is in Lucknow, Uttar Pradesh. Business Activity: Chandan Healthcare Limited runs diagnostic centres in North India with pathology and radiology testing services. The company generates revenue through the sale of products, contributing ₹7,871.64 lakhs (47.00%) of total revenue in the latest period with Pharmaceuticals contributing the most (₹5,720.25 lakhs, 34.16%). They also generate revenue through the sale of services, amounting to ₹8,875.83 lakhs (53.00%), primarily from Pathology (₹5,731.40 lakhs, 34.22%) and Radiology (₹3,143.72 lakhs, 18.77%). Human Resource: As of December 31, 2024, the company employed 15 radiologists, 23 pathologists, and over 161 other qualified professionals.

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Financial Summary in Lakhs

For the Period Ended	Mar-22	Mar-23	Mar-24	Dec-24
Revenue	11,956.35	13,688.94	17,659.01	16,747.47
EBITDA	225.42	938.00	2,624.74	3,022.05
Net Profit	-109.26	358.63	1,635.50	1,741.99
RoCE	0.81%	17.68%	37.91%	30.00%*
ROE	-4.93%	16.02%	72.82%	24.04%*
P/E	-	89.88	18.55	15.87*

Tentative Timeline

Opening Date	10-02-2025
Closing Date	12-02-2025
Basis of Allotment	13-02-2025
Initiation of Refunds	14-02-2025
Credit of Shares to Demat	14-02-2025
Listing Date	17-02-2025

Objects of the Issue

Setting up a new Flagship Diagnostic Centre in Jankipuram, Lucknow, Uttar Pradesh.

Setting up a new Central Reference laboratory at Ayodhya, Uttar Pradesh.

Setting up a new Central Reference laboratory at Ashiyana, Lucknow, Uttar Pradesh.

General Corporate Purposes

Contact Information

Registered Office	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/

Offer Documents

Chandan Healthcare IPO DRHP

Chandan Healthcare IPO RHP

Registrar Details

Name	Kfin Technologies Limited
Phone	04067162222, 04079611000
Email	chl.ipo@kfintech.com
Website	https://kosmic.kfintech.com/ipostatus/

IPO Reservation

Anchor Investor Shares Offered	18,48,800 (27.38%)
Market Maker Shares Offered	3,39,200 (5.02%)
QIB Shares Offered	12,33,600 (18.27%)
NII (HNI) Shares Offered	9,25,600 (13.71%)
Retail Shares Offered	21,59,200 (31.98%)

Shareholding Pattern

Shareholding Pre Issue (Promoters)	69.93%
Shareholding Post Issue (Promoters)	49.20%