IPO

Nidan Laboratories and Healthcare Limited IPO

NSE SME

Listed On: Nov 12, 2021 at ₹ 123.90

₹ 125000 /1000 Shares

Check Allotment

IPO Details

28 Oct, 2021

Open Date

02 Nov, 2021

Close Date

10 Nov, 2021

Allotment Date

12 Nov, 2021

Listing Date

Issue Price

₹125 per equity share

Face Value

₹10 Per Equity Share 

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

123.90

Listing Date

2021-11-12

Market Lot

1000 Shares (₹125,000/-)

Lead Manager

First Overseas Capital Limited

Issue Size

4,000,000 Eq Shares of ₹10 (aggregating up to ₹50.00 Cr)

Retail Portion

N/A

Subscription

1.80 times

IPO Docs

DRHP

IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved19,00,00019,00,00038,00,000
Day 1 - 28-10-21 06:00 PM0.01 x1.13 x0.57 x
Day 2 - 29-10-21 06:00 PM0.02 x1.81 x0.91 x
Day 3 - 01-11-21 06:00 PM0.14 x2.74 x1.44 x
Day 4 - 02-11-21 06:00 PM0.15 x3.44 x1.80 x

Valuations

Earnings Per Share (EPS)

₹1.66/-

P/E Ratio

75.48

RoNW

0.17%

Net Asset Value (NAV) - Post Issue

₹46.34/-

Company Financials All values are in ₹ Cr.

31-Mar-2131-Mar-2031-Mar-19
Assets52.4345.2043.05
Revenue21.8522.1920.97
Profit After Tax2.300.710.22

About The Company

Nidan Laboratories and Healthcare Limited offer diagnostic services including radiology, neurology, cardiology, dental as well as pathology services. As of March 31, 2021, the company offered approximately 740 routine and 3000 specialized pathology tests and approximately 220 basic and 320 advanced radiology tests that cover a range of specialties and disciplines. The company provides pathology tests ranging from basic biochemistry and clinical pathology to cytogenetic and high-end molecular diagnostic tests, and radiology tests ranging from basic echocardiograms, X-Rays, and ultrasounds to advanced radiology tests including computerized tomography (CT) scans, magnetic resonance imaging (MRI) scans. The company also offers a broad spectrum of customized health and wellness packages to its customers and offers value-added services to its customers such as a home collection of specimens, house calls, and various delivery or access modes for test reports.

Nidan has come out with a unique appointment booking mobile application under the name of "NIDAN HEALTHCARE" which is supported by self-indigenous software called "Nidan Operation Management (NOM)." This unique app enables patients to book appointments for any test, from anywhere, at any time. The company has also tied up with pathology partners like Metropolis Laboratories Limited for its services.

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- Promoter(s)

Pre Issue Share Holding: 99.99%

Post Issue Share Holding: 71.22%


Company Promoter(s)

  1. Dr. Nithin Vitthalrao Thorave

IPO - Issue Objectives

  1. Repayment of loans – Rs.16 crores.
  2. Additional Working Capital – Rs.26 crores.
  3. General Corporate Expenses – Rs.4.4 crores.
  4. To meet the expenses of the Issue – Rs.3.6 crores.

IPO - FAQs

Ans. Nidan Laboratories and Healthcare Limited IPO is a SME IPO. The issue is priced at ₹125 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Oct 28, 2021, and closes on Nov 2, 2021. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Nidan Laboratories and Healthcare Limited IPO opens on Oct 28, 2021 and closes on Nov 2, 2021.

Ans. The size of Nidan Laboratories and Healthcare Limited IPO is 4,000,000 Eq Shares of ₹10 (aggregating up to ₹50.00 Cr).

Ans. The IPO price band is set between ₹125 per equity share.

Ans. To apply for Nidan Laboratories and Healthcare Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Nidan Laboratories and Healthcare Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Nidan Laboratories and Healthcare Limited IPO is Nov 10, 2021.

Ans. The Nidan Laboratories and Healthcare Limited IPO will be listed on Nov 12, 2021.

Ans. Follow the steps to check the allotment status for Nidan Laboratories and Healthcare Limited IPO here.