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Gian Life Care Limited IPO (Gian Lifecare IPO) Detail

December 31, 2019 - January 3, 2020

Gian Lifecare IPO is a fixed price issue of Rs 3.12 crores.

Gian Lifecare IPO bidding started from December 31, 2019 and ended on January 3, 2020. The allotment for Gian Lifecare IPO was finalized on Wednesday, January 8, 2020. The shares got listed on BSE SME on January 13, 2020.

Gian Lifecare IPO price is ₹22 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹132,000.

Hem Securities Limited is the book running lead manager of the Gian Lifecare IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to Gian Lifecare IPO RHP for detailed information.

Gian Lifecare IPO Details

IPO Date December 31, 2019 to January 3, 2020
Listing Date January 13, 2020
Face Value ₹10 per share
Price ₹22 per share
Lot Size 6000 Shares
Total Issue Size1,416,000 shares
(aggregating up to ₹3.12 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion72,000 shares

Gian Lifecare IPO Reservation

Gian Lifecare IPO offers 1,416,000 shares. 672,000 (47.46%) to NII, 672,000 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered72,000 (5.08%)
Other Shares Offered672,000 (47.46%)
Retail Shares Offered672,000 (47.46%)
Total Shares Offered1,416,000 (100%)

Gian Lifecare IPO Timeline (Tentative Schedule)

Gian Lifecare IPO opens on December 31, 2019, and closes on January 3, 2020.

IPO Open Date Tuesday, December 31, 2019
IPO Close Date Friday, January 3, 2020
Basis of Allotment Wednesday, January 8, 2020
Initiation of Refunds Thursday, January 9, 2020
Credit of Shares to Demat Friday, January 10, 2020
Listing Date Monday, January 13, 2020
Cut-off time for UPI mandate confirmation 5 PM on January 3, 2020

Gian Lifecare IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹132,000
Retail (Max) 1 6000 ₹132,000
Lot Size Calculator

Gian Lifecare IPO Promoter Holding

The Promoter of the Company is Mr. Arun Kumar Gupta.

Share Holding Pre Issue 95.74%
Share Holding Post Issue 65.62%

About Gian Life Care Limited

Incorporated in 2018, Kanpur (UP) based Gian Life Care Limited is engaged in the business of providing diagnostic and related healthcare services. The company provides a wide range of diagnostic tests and services like patient diagnosis services, prevention, and wellness diagnosis services to patients and healthcare providers. The company caters to individual patients, hospitals, corporates and other healthcare providers.

The company offers over 1,344 tests including biochemistry, clinical pathology, coagulation, cytogenetics, cytology, hematology, histopathology, immunoassay, microbiology, molecular biology, and radiology services.

Gian Life is NABL accredited and ISO 9001:2015 certified company. It has 59 full-time employees.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
30-June-19 31-Mar-19
Total Assets 797.07 782.38
Total Revenue 182.25 56.32
Profit After Tax 33.85 6.94

Key Performance Indicator

The market capitalization of Gian Lifecare IPO is Rs 10.34 Cr.

Pre IPO Post IPO
P/E (x) 21.36

Objects of the Issue (Gian Lifecare IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objects-
1. To open processing center in nearby cites of Kanpur (Jhansi, Banda, Faizabad, Unnao)
2. To purchase advanced machinery and equipment
3. Repayment/pre-payment, of certain borrowings availed by the Company
4. To meet Working Capital requirements
5. General Corporate Purpose
6. To meet issue expenses

Gian Lifecare IPO Review (May apply)

[Dilip Davda]  While diagnostic / healthcare service sector is flourishing and many new entrants are emerging, it is becoming a highly competitive segment. However, established big players may hold the key to the success of small ventures. Although based on super earnings of FY20 Q1, the issue appears attractively priced, but the sustainability of such performance going forward is a major concern. Considering all these, cash surplus - risk savvy investors may consider investment at their own risk. Read detail review...


Gian Lifecare IPO Subscription Status (Bidding Detail)

The Gian Lifecare IPO is subscribed 1.34 times on January 3, 2020 7:44:02 PM. The public issue subscribed 0.78 times in the retail category, times in the QIB category, and 1.91 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.91
Retail0.78
Total1.34

Gian Lifecare IPO Prospectus

Gian Lifecare IPO Rating

136
3.7
Rating:Rated 3.7 stars
Vote Here ...

Gian Lifecare IPO Listing Details

Listing Date January 13, 2020
BSE Script Code 542918
NSE Symbol
ISIN INE063601012
Final Issue Price ₹22 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹22.00
₹22.00
₹22.00
₹22.05
₹22.00

Check IPO Performance…

Gian Life Care Limited Contact Details

Gian Life Care Limited
7/216 (6),
Swaroop Nagar,
Kanpur-208002
Phone: + 91-0512-2531860
Email: info@gianpathlabs.com
Website: http://www.gianpathlabs.com/

Gian Lifecare IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Gian Lifecare IPO - Buy or Not

Gian Lifecare IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Gian Lifecare IPO FAQs

Gian Lifecare IPO is a SME IPO of 1,416,000 equity shares of the face value of ₹10 aggregating up to ₹3.12 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000 Shares.

The IPO opens on December 31, 2019, and closes on January 3, 2020.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Gian Lifecare IPO opens on December 31, 2019 and closes on January 3, 2020.

Gian Lifecare IPO lot size is 6000 Shares, and the minimum amount required is ₹132,000.

You can apply in Gian Lifecare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Gian Lifecare IPO will be done on Wednesday, January 8, 2020, and the allotted shares will be credited to your demat account by Friday, January 10, 2020. Check the Gian Lifecare IPO allotment status.

The Gian Lifecare IPO listing date is on January 13, 2020.
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Gian Lifecare IPO Message Board

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82 Comments

52. Kabali ka Baap |   Link |  Bookmark |March 13, 2020 7:17:19 PM
What's current GMD (grey market discount)?
51. Yadav Santosh |   Link |  Bookmark |March 6, 2020 5:24:20 PM
I have applied for subscription but can I cancelled it now
50. GrowYourMoney |   Link |  Bookmark |March 2, 2020 3:48:39 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
SBI 180/185
49. Small Investor |   Link |  Bookmark |January 13, 2020 10:02:17 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
dear Raja
i sold my signal lot @ 22
49.1. RAJAKUMAR |   Link |  Bookmark |January 14, 2020 11:08:33 AM (1400+ Posts, 1200+ Likes)
k
48. BLR |   Link |  Bookmark |January 13, 2020 1:13:50 PM
Sold at pre open price at 22.
48.1. Small Investor |   Link |  Bookmark |January 13, 2020 1:20:05 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
sold @ 22
47. Capital Gain India |   Link |  Bookmark |January 13, 2020 11:12:44 AM
Vaxtex ipo listed today on nse emerge, positive listing.
46. A.Santhosh Kumar |   Link |  Bookmark |January 13, 2020 10:17:13 AM
sorry... seeing valencia price... i thought it would also increase....
hope for the best....
45. A.Santhosh Kumar |   Link |  Bookmark |January 12, 2020 7:16:38 PM
Minimum Rs.2 listing gain... njoy the money rain tomorrow
45.1. hchc |   Link |  Bookmark |January 13, 2020 8:27:04 AM
Top Contributor Top Contributor (300+ Posts, 800+ Likes)
At par Listing
45.2. Small Investor |   Link |  Bookmark |January 13, 2020 10:02:53 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
where is your Rs 2 listing gain ?
44. Dhavalbhavsarahmedabad |   Link |  Bookmark |January 11, 2020 8:01:19 PM
Target 6 month 33...
43. PRAFULDURAI |   Link |  Bookmark |January 11, 2020 5:54:09 PM
Sorry Gian is Second SME ipo in 2020
42. PRAFULDURAI |   Link |  Bookmark |January 9, 2020 8:24:04 PM
Gian is the First BSE SME ipo in 2020
42.1. Small Investor |   Link |  Bookmark |January 10, 2020 11:20:32 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Valencia nut. already listed in 2020
42.2. PRAFULDURAI |   Link |  Bookmark |January 11, 2020 5:52:39 PM
Sorry Second SME ipo
41. Small Investor |   Link |  Bookmark |January 11, 2020 11:45:50 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
जिसे भी अल्लोत्मेंट मिला हे वो प्री ओपन या नार्मल ट्रेडिंग शुरू होते ही एग्जिट हो जाये तो बेटर होगा
40. hchc |   Link |  Bookmark |January 10, 2020 5:46:42 PM
Top Contributor Top Contributor (300+ Posts, 800+ Likes)
Hindprakash SME IPO
Opens : 15th Jan 2020
Closes : 17th Jan 2020

LM : Hem Securities
39. A.Santhosh Kumar |   Link |  Bookmark |January 10, 2020 8:41:18 AM
expecting listing at 23.5
38. PRAFULDURAI |   Link |  Bookmark |January 9, 2020 4:51:25 PM
Which is the date of listing of Gian ?
37. Small Investor |   Link |  Bookmark |January 9, 2020 3:49:07 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Name of the company:Gian Life Care Limited
Scrip Code:542918
Symbol:GIANLIFE
ISIN No.:INE063601012
36. VinShah |   Link |  Bookmark |January 8, 2020 11:22:11 PM
Allotment already done so now listing of Gian should happen first before vaxtex.. These type (different days) of listings best positives for both companies.. All the best for all investors of both companies
35. PRAFULDURAI |   Link |  Bookmark |January 8, 2020 6:20:08 AM
Better not to sell on listing day.
35.3. Small Investor |   Link |  Bookmark |January 8, 2020 2:42:06 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
exit on listing day its better
35.4. A.Santhosh Kumar |   Link |  Bookmark |January 8, 2020 7:11:18 PM
Do not sell on listing day... Then automatically buyers will look to purchase.... the more you hold and give resistance... the more price will increase...
34. KUR |   Link |  Bookmark |January 8, 2020 2:18:36 AM
Can you provide the link to check allotment ststus? I also applied one lot.
33. A.Santhosh Kumar |   Link |  Bookmark |January 8, 2020 1:42:10 AM
Applied in RII- allotted..... Lets hope it would give some listing gains