Listing Details
- Listing Exchange NSE SME
- Listing Date 17-Aug-23
- IPO Price Range ₹ 37 to ₹ 40
- Listing Price ₹ 44
- Listing Change 10.0%
- Last Traded Price ₹ 45.45
- Current Change 13.6%
Sangani Hospitals IPO Details
- Open Date 04-Aug-23
- Close Date 08-Aug-23
- Lot Size 3000
- IPO Size ₹ 15.17 Cr
- IPO Price Range ₹ 37 to ₹ 40
- Min Investment ₹ 111,000
- Listing Exchange NSE SME
- Basis of Allotment 11-Aug-23
- Refunds 14-Aug-23
- Credit to Demat Account 16-Aug-23
- Listing Date 17-Aug-23
Sangani Hospitals IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 04-Aug-23 | 1.39 | 0.10 | 1.30 | 0.77 |
| 07-Aug-23 | 1.39 | 0.68 | 3.46 | 2.00 |
| 08-Aug-23 | 11.42 | 1.38 | 6.17 | 4.54 |
Sangani Hospitals IPO Synopsis
Sangani Hospitals Limited IPO is all set to open from 4th August to 8th August 2023. Sangani Hospitals provides healthcare-related services. The company is launching a fresh issue of 37,92,000 equity shares worth ₹15.17 cr. The share allotment date is 11th August and the listing date is 17th August 2023. The price band of the IPO is ₹37 to ₹40 per equity share with a lot size of 3000 shares.
Unistone Capital Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Sangani Hospitals IPO:
Sangani Hospitals Limited plans to utilize the raised capital from IPO to:
● Fulfill the capital requirements for expanding Sangani Hospital in Keshod, Gujarat and Sangani Super Speciality Hospital in Veraval, Gujarat
● For general corporate purposes
About Sangani Hospitals
Sangani Hospitals is a healthcare provider that operates in the Keshod and Veraval regions of Gujarat, offering a combined capacity of 68 beds. Their comprehensive range of services includes super specialty, specialty, and other support services.
At present, they manage two hospitals: Sangani Hospital located at Keshod, Junagadh, Gujarat with 36 beds, offering primary, secondary, and tertiary care facilities. The hospital's strategic location near Keshod bus stand and railway station allows easy accessibility for residents of fifty-four adjacent small villages. The second one is Sangani Super Speciality Hospital in Veraval, Gujarat, which has 32 beds and focuses significantly on tertiary care services. Both hospitals provide a wide array of healthcare services, encompassing specialties such as cardiac sciences, neurosciences, orthopedics, renal sciences, and mother & child care.
Sangani Hospitals has been instrumental in providing free dialysis facilities to over 600 patients, offering more than 6,000 sessions annually under the Mukhyamantri Amrutum Yojana (MAA Yojana) and Pradhan Mantri Jan Arogya Yojana (PMJAY).
Peer Comparison
● Artemis Medicare Services Limited
● Lotus Eye Hospital And Institute Ltd
For More Information:
Webstory on Sangani Hospitals IPO
Sangani Hospitals Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 15.67 | 4.20 | 4.97 |
| EBITDA | 13.75 | 2.79 | 3.93 |
| PAT | 1.48 | 1.05 | 0.79 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 19.59 | 7.05 | 2.99 |
| Share Capital | - | - | - |
| Total Borrowings | 1.59 | 2.03 | 1.30 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 2.29 | -0.10 | 0.53 |
| Net cash from / (used in) investing activities | -12.08 | -0.01 | -0.06 |
| Net cash flow from / (used in) financing activities | 11.14 | 0.76 | -1.01 |
| Net increase (decrease) in cash and cash equivalents | 1.35 | 0.63 | -0.54 |
Sangani Hospitals IPO Key Points
-
Strengths
1. Offers healthcare services to underserved and densely populated areas of Gujarat.
2. Has a presence in the business of pathology laboratory and medical stores.
3. A strong focus on digital healthcare initiatives and is a part of Ayushman Bharat.
4. It has a strong and qualified team of doctors, nurses, paramedical, and other staff.
5. Expansion plan within its existing facilities.
-
Risks
1. The company has a limited operating history, thus it can be difficult to gauge past financial performance.
2. Revenue is highly dependent on two hospitals and on inpatient services.
3. The competition is quite high
4. Certain contingent liabilities can impact its business operations.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Sangani Hospitals IPO FAQs
What is the minimum lot size and investment required for the Sangani Hospitals IPO?
The minimum lot size of Sangani Hospitals IPO is 3000 shares and the investment required is ₹1,11,000.
What is the price band of Sangani Hospitals IPO?
The price band of Sangani Hospitals IPO is ₹37 to ₹40.
When does the Sangani Hospitals IPO issue opens and closes?
Sangani Hospitals IPO opens on 4th August and closed on 8th August 2023.
What is the size of the Sangani Hospitals IPO?
Sangani Hospitals IPO plans to issue a fresh issue of 37,92,000 equity shares worth ₹15.17 cr.
What is the allotment date of the Sangani Hospitals IPO?
The allotment date of the Sangani Hospitals IPO is 11th August 2023.
What is the Sangani Hospitals IPO listing date?
The listing date of Sangani Hospitals IPO is 17th August 2023.
Who are the book runners for the Sangani Hospitals IPO?
Unistone Capital Private Limited is the book-running lead manager for Sangani Hospitals IPO.
What is the objective of Sangani Hospitals IPO?
Sangani Hospitals Limited plans to utilize the raised capital from IPO to:
● Fulfill the capital requirements for expanding Sangani Hospital in Keshod, Gujarat and Sangani Super Speciality Hospital in Veraval, Gujarat
● For general corporate purposes
How to apply for the Sangani Hospitals IPO?
To apply for Sangani Hospitals IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Sangani Hospitals Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Sangani Hospitals IPO
Contact Information
Sangani Hospitals Limited
Sainath Society, Opp. S. T., KSD T,
Village - Keshod, Taluka - Keshod,
Junagadh – 362220
Phone: 02871-23 5900
Email: cs@sanganihospitals.com
Website: http://www.sanganihospitals.com/
Sangani Hospitals IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Sangani Hospitals IPO Lead Manager
Unistone Capital Pvt Ltd.