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Sangani Hospitals IPO is a book built issue of Rs 15.17 crores. The issue is entirely a fresh issue of 37.92 lakh shares.
Sangani Hospitals IPO bidding started from August 4, 2023 and ended on August 8, 2023. The allotment for Sangani Hospitals IPO was finalized on Friday, August 11, 2023. The shares got listed on NSE SME on August 17, 2023.
Sangani Hospitals IPO price band is set at ₹37 to ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000.
Unistone Capital Pvt Ltd is the book running lead manager of the Sangani Hospitals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sangani Hospitals IPO is Rikhav Securities.
Refer to Sangani Hospitals IPO RHP for detailed information.
| IPO Date | August 4, 2023 to August 8, 2023 |
| Listing Date | August 17, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹37 to ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,792,000 shares (aggregating up to ₹15.17 Cr) |
| Fresh Issue | 3,792,000 shares (aggregating up to ₹15.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,984,990 |
| Share holding post issue | 13,776,990 |
| Market Maker portion | 192,000 shares Rikhav Securities |
Sangani Hospitals IPO offers 3,792,000 shares. 360,000 (9.49%) to QIB, 1,620,000 (42.72%) to NII, 1,620,000 (42.72%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 192,000 (5.06%) |
| QIB Shares Offered | 360,000 (9.49%) |
| NII (HNI) Shares Offered | 1,620,000 (42.72%) |
| Retail Shares Offered | 1,620,000 (42.72%) |
| Total Shares Offered | 3,792,000 (100%) |
Sangani Hospitals IPO opens on August 4, 2023, and closes on August 8, 2023.
| IPO Open Date | Friday, August 4, 2023 |
| IPO Close Date | Tuesday, August 8, 2023 |
| Basis of Allotment | Friday, August 11, 2023 |
| Initiation of Refunds | Monday, August 14, 2023 |
| Credit of Shares to Demat | Wednesday, August 16, 2023 |
| Listing Date | Thursday, August 17, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 8, 2023 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
| Lot Size Calculator | |||
Dr. Ajaykumar Sangani, Dr. Rajeshkumar Sangani, Kamalkumar Sangani and Dr. Vaishali Sangani are the Promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Incorporated in 2021, Sangani Hospitals Limited is a healthcare organization. They embarked on their journey in 2001 with the establishment of Sangani Hospital in Keshod. Sangani Hospitals is a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat.
Sangani Hospitals is promoted by Dr. Ajaykumar Natwarlal Sangani, MBBS, DLO & MS(E.N.T.), and his brother Dr. Rajeshkumar Natwarlal Sangani, MBBS & MD. They have been in the medical practice for nearly two decades.
The organization offers its specialty in a variety of departments and unit, including-
ENT Department, OBST-Gynec Department, Dialysis unit, Orthopedic Department, Joint Replacement, General Surgery Department, Urosurgery, Trauma unit, Dental Surgery Department, Physiotherapy unit, laparoscopic surgery, and so on.
Sangani Hospitals at present offers its specialty services and other support services out of two hospitals i.e. Sangani Hospital at Keshod, Junagadh, Gujarat and Sangani Super Speciality Hospital, Veraval, Gujarat.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 330.36 | 299.20 | 705.45 | 1,959.01 |
| Revenue | 446.47 | 498.21 | 420.63 | 1,576.24 |
| Profit After Tax | 22.81 | 79.06 | 105.35 | 148.37 |
| Net Worth | 183.35 | 168.79 | 501.60 | 1,797.29 |
| Reserves and Surplus | 168.83 | 106.78 | 798.79 | |
| Total Borrowing | 34.72 | 34.57 | 10.08 |
The market capitalization of Sangani Hospitals IPO is Rs 55.11 Cr.
| KPI | Values |
|---|---|
| ROCE | 11.26% |
| RoNW | 35.75% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.47 | |
| P/E (x) | 37.03 |
The company intends to utilize the proceeds of the issue to meet the following objectives:
[Dilip Davda] The company is in the healthcare service segment where there is rising competition and is a fragmented sector. While it posted growth in its top lines for the last three fiscals, its bottom line posted inconsistency. Its comparison with listed peers is an eyewash. Based on FY23 earnings, the issue appears aggressively priced. Investors may skip this pricey IPO. Read detail review...
The Sangani Hospitals IPO is subscribed 4.54 times on August 8, 2023 7:29:00 PM. The public issue subscribed 6.17 times in the retail category, 11.42 times in the QIB category, and 1.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 11.42 |
| NII | 1.38 |
| Retail | 6.17 |
| Total | 4.54 |
Total Application : 3,332 (6.17 times)
| Listing Date | August 17, 2023 |
| BSE Script Code | |
| NSE Symbol | SANGANI |
| ISIN | INE0OVI01010 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹40.00 |
| ₹44.00 |
| ₹41.80 |
| ₹44.50 |
| ₹41.85 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Sangani Hospitals IPO is a SME IPO of 3,792,000 equity shares of the face value of ₹10 aggregating up to ₹15.17 Crores. The issue is priced at ₹37 to ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on August 4, 2023, and closes on August 8, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sangani Hospitals IPO using UPI as a payment gateway. Zerodha customers can apply in Sangani Hospitals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sangani Hospitals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sangani Hospitals IPO opens on August 4, 2023 and closes on August 8, 2023.
Sangani Hospitals IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Sangani Hospitals 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 Sangani Hospitals IPO will be done on Friday, August 11, 2023, and the allotted shares will be credited to your demat account by Wednesday, August 16, 2023. Check the Sangani Hospitals IPO allotment status.
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