Chandan Healthcare Limited is launching its SME IPO to raise ₹107.36 crores, with the IPO opening on February 10, 2025, and closing on February 12, 2025. The Chandan Healthcare Limited IPO GMP price band is ₹151 to ₹159 per share, with a face value of ₹10 per equity share. The offering includes a fresh issue of ₹70.79 crores and an offer for sale of 22,99,936 equity shares. It will be listed on NSE SME, with a minimum lot size of 800 shares. As of February 5, 2025, the Chandan Healthcare Limited IPO GMP is yet to be available. The expected listing date is February 17, 2025.
About Chandan Healthcare Limited IPO
Company Background
Chandan Healthcare Limited, founded in September 2003, is a well-established diagnostic service provider specializing in pathology and radiology testing. The company operates with:
- 1 flagship laboratory
- 7 central laboratories
- 26 satellite centers
- 300+ collection centers
- Presence across 15+ cities in Uttar Pradesh and 10+ cities in Uttarakhand
- 1,118 tests available across different medical disciplines
- State-of-the-art radiology equipment, including 11 CT scanners and 4 MRI machines
Chandan Healthcare Limited IPO GMP Details
| Details | Information |
|---|---|
| IPO Open Date | February 10, 2025 |
| IPO Close Date | February 12, 2025 |
| Face Value | ₹10 per share |
| Chandan Healthcare Limited IPO Price | ₹151 – ₹159 per share |
| Issue Size | ₹107.36 crores |
| Fresh Issue | ₹70.79 crores |
| Offer for Sale | 22,99,936 equity shares |
| Listing Exchange | NSE SME |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| Expected Listing Date | February 17, 2025 |
Chandan Healthcare Limited IPO GMP & Market Sentiment
The Chandan Healthcare Limited IPO GMP (Grey Market Premium) is currently not available, but it is expected to be updated closer to the listing date. Investors should monitor GMP trends to assess listing expectations and demand.
Financial Performance of Chandan Healthcare Ltd
Chandan Healthcare Limited has showcased consistent revenue and profit growth over the past three years:
| Financial Year | Revenue (₹ Cr) | Expenses (₹ Cr) | Profit After Tax (₹ Cr) | Total Assets (₹ Cr) |
| 31-Mar-24 | 177.96 | 156.50 | 16.36 | 129.17 |
| 31-Mar-23 | 137.03 | 132.02 | 3.59 | 98.13 |
| 31-Mar-22 | 119.92 | 120.98 | -1.09 | 81.54 |
FAQ – Chandan Healthcare Limited IPO
Frequently Asked Questions (FAQ)
What is the Chandan Healthcare Limited IPO GMP?
The Grey Market Premium (GMP) is currently not available but will be updated closer to the listing date.
How can I apply for the IPO?
You can apply through your Demat account. If you don’t have one, open a Demat account with GRM Bulls here.