Chandan Healthcare
Listed
Listed
IPO Timeline
Issue open date
10 Feb 2025Issue close date
12 Feb 2025UPI mandate deadline
12 Feb 2025Allotment finalization
13 Feb 2025Refund initiation
14 Feb 2025Share credit
14 Feb 2025Listing date
17 Feb 2025Mandate end date
25 Feb 2025Lock-in end date for anchor investors (50%)
15 Mar 2025Lock-in end date for anchor investors (remaining)
14 May 2025Key Dates
Open
10 Feb 2025Close
12 Feb 2025Listing
17 Feb 2025Quick Stats
Issue Size:107cr
Lot Size:800 shares
About the Company
Chandan Healthcare operates a large diagnostic network in North India, with extensive pathology and radiology services across Jaipur, Uttar Pradesh, and Uttarakhand. As of December 31, 2024, the company has processed over 55.79 lakh tests from about 17.11 lakh patients, mainly generating 70.04% of its revenue from Uttar Pradesh. The network includes one flagship lab, nine central labs, and various accredited centres, offering 1,496 test types. Significant revenue streams come from B2B, B2G, and B2C segments, supported by a cluster-based model for efficiency. Additionally, its subsidiary, Chandan Pharmacy Limited, enhances revenue through sales of pharmaceuticals and FMCG across 31 stores.
Strengths
- Extensive diagnostic service network across North India.
- Holds NABL and NABH accreditations ensuring high quality standards.
- Strong market presence in Uttar Pradesh with significant revenue contributions.
- Diverse revenue streams from B2B, B2G, and B2C segments.
- Uses a cluster-based model for operational efficiency and market reach.
Risks
- High dependence on regional markets, particularly Uttar Pradesh, could pose economic risks.
- Regulatory changes may lead to increased compliance costs or operational restrictions.
- Management of an extensive facility network could impact financial stability.
- Legal and regulatory challenges could affect operational and financial conditions.
- Technological changes require continuous investment in advanced diagnostic technologies.
Chandan Healthcare IPO – Frequently Asked Questions
- The price band for the Chandan Healthcare IPO is set at ₹151 to ₹159 per share.
- The Chandan Healthcare IPO opens on February 10, 2025 and closes on February 12, 2025.
- The tentative listing date for the Chandan Healthcare IPO is February 17, 2025.
- You can apply for the Chandan Healthcare IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Chandan Healthcare, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Chandan Healthcare IPO is 800 shares. Investors must apply for at least one lot (i.e., 800 shares).