Chandan Healthcare IPO: Check price band, GMP, allotment date and other details

Ahead of the issue opening, Chandan Healthcare GMP is hovering around Rs 10 in the unlisted market. Considering the upper price band, the GMP comes to around 6%.

Chandan Healthcare IPO price band

Chandan Healthcare has fixed a price band of Rs 151-159 per share. Investors can bid for 800 shares in one lot and in multiples thereafter.

Chandan Healthcare IPO proceeds

The company proposes to use the net proceeds from the IPO towards setting up a new flagship diagnostic centres and central reference laboratories in UP. The remaining funds will be employed for general corporate purposes.

Chandan Healthcare IPO allotment and listing date

Chandan Healthcare IPO allotment will be finalised on February 13 and the listing for the shares is scheduled on February 17

All you need know about Chandan Healthcare IPO

Chandan Healthcare runs a diagnostic network in North India with pathology and radiology testing services. As of December 2024, the company has one flagship laboratory, 9 central laboratories, 27 satellite centres, more than 300 collection centres and is located in Jaipur and across Uttar Pradesh and Uttarakhand.

In FY25, till December 2024, the company carried out around 55.79 lakhs tests on about 17.11 lakh patients, where it derived about 70% of the revenue from the operations in UP.

The company’s test menu includes 481 routine pathology tests, covering basic biochemistry and hematology, as well as 1,015 specialized pathology tests, such as immunohistopathology, and molecular pathology. Its radiology facilities have eleven CT scanners and four MRI machines.

For the period ended December 2024, the company’s sale of products accounted for 47% of our total revenue and pathology services made up 34.22%, while radiology services accounted for 18.77% of the revenue.

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