Chandan Healthcare Ltd. launched its public offer on Monday to mop up Rs 107.36 crore from investors in the primary markets. The company which operates diagnostic centres has branches located in multiple cities in North India. On the opening day of Chandan Healthcare SME IPO, here is what investors must know about the offer, price band, GMP and other details.
Chandan Healthcare IPO: Key details
The Chandan Healthcare IPO consists of a fresh issue of 44.52 lakh shares worth Rs 70.79 crore and an offer for sale of 23 lakh shares aggregating to Rs 36.57 crore.
The NSE SME IPO will remain open for bidding from Feb. 10 to Feb. 12.
Share allotment for the IPO is likely to be done on Thursday, Feb. 13. Successful bidders will receive credit of shares to their demat accounts on Friday, Feb 14, while refunds will be issued to the unsuccessful ones on the same day.
Shares of Chandan Healthcare are likely to be listed on the NSE SME platform Emerge on Monday, Feb. 17.
The company has reserved 50% of the net issue for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.
Chandan Healthcare IPO price band has been set at Rs 151 to Rs 159 per share. A single lot of the IPO comprises 800 shares, taking the minimum investment amount for retail investors to Rs 1,27,200.
KFin Technologies Ltd. is the registrar for the Chandan Healthcare IPO, while Unistone Capital Pvt. has been appointed as its book-running lead manager. RK Stock Holding Pvt. is the market maker for the issue.
Chandan Healthcare IPO: Day 1 subscription status
Chandan Healthcare IPO has been subscribed 0.13 times as of 4:10 p.m. on Monday, as per market tracking site Chittorgarh:
- Qualified Institutional Buyers: nil
- Non-Institutional Investors: 0.07 times
- Retail Investors: 0.24 times
Chandan Healthcare IPO GMP today
Chandan Healthcare IPO GMP (grey market premium) was Rs 10 apiece as of 2:37 p.m. on Feb. 10, according to InvestorGain. This indicates a listing gain of 6.29%, with the shares expected to debut on NSE SME at Rs 169 apiece given that the current trends are sustained. NDTV Profit