Chandan Healthcare IPO

Chandan Healthcare Limited operates a diagnostic network across North India, offering pathology and radiology services. As of August 31, 2024, the company has a flagship laboratory, seven central labs, 26 satellite centres, and over 300 collection centres in more than 25 cities and towns, mainly in Uttar Pradesh and Uttarakhand. With 1,118 tests available across specialties, 44.78% of the revenue comes from product sales, 36% from pathology, and 19.2% from radiology. The B2C segment contributes significantly to its success, driving expansion through clusters and collection points. Chandan Healthcare employs over 200 qualified professionals, continuously investing in technology and equipment. 

IPO Strengths 

• Chandan Healthcare has a strong geographical presence in Uttarakhand, covering 39 cities and towns, ensuring quality diagnostics in urban and remote areas. 

• The company offers over 1,100 tests across pathology and radiology, providing a comprehensive range of services, including specialized tests. 

• It has a proven track record of profitability, with consistent revenue growth, increasing from ₹11,956.35 Lakhs in Fiscal 2022 to ₹17,659.01 Lakhs in Fiscal 2024. 

• The management team is dedicated, with extensive experience in healthcare and marketing, driving significant growth. 

• The Board of Directors combines executive leadership with healthcare industry experts, positioning the company for future growth. 

About Chandan Healthcare IPO Key Financials (in ₹ lakhs) 

Chandan Healthcare Limited Upcoming IPO Details

Chandan Healthcare IPO Important Dates 

Chandan Healthcare IPO Lots

Chandan Healthcare IPO Lead Managers

Chandan Healthcare Limited IPO Valuation Overview 

Chandan Healthcare IPO Peer Group Comparison  

 Objectives of the Proceeds 

• Setting up of a new Flagship diagnostic centre in Jankipuram, Lucknow, Uttar Pradesh, ₹3281.58 lakhs.

• Setting up of a new Central Reference laboratory at Ayodhya, Uttar Pradesh, ₹710.23 lakhs. 

• Setting up of a new Central Reference laboratory at Ashiyana, Lucknow, Uttar Pradesh, ₹710.11 lakhs. 

• To meet general corporate expenses.