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Thyrocare Technologies Ltd IPO (Thyrocare Technologies IPO) Detail

Apr 27, 2016 - Apr 29, 2016

Incorporated in 2000, Thyrocare Technologie Ltd is one of the leading pan-India diagnostic chains and conduct an array of medical diagnostic tests and profiles of tests that helps in early detection and management of disorders and diseases.

They are India's first fully automated diagnostic laboratory having its strong presence in more than 2000 cities / towns in India and internationally. As of November 30, 2015, they offered 192 tests and 54 profiles of tests to detect a number of disorders, including thyroid disorders, growth disorders, metabolism disorders, auto-immunity, diabetes, anemia, cardiovascular disorders, infertility and various infectious diseases.

Their laboratory process over 30,000 sample and above 1 lakh investigations every day. Their profiles of tests include 17 profiles of tests administered under their 'Aarogyam' brand. Through wholly owned subsidiary, NHL, they operate a network of molecular imaging centers in New Delhi, Navi Mumbai and Hyderabad, focused on early and effective cancer monitoring.

Company Promoters:

The promoters of the company are:

1. Dr A. Velumani
2. Mr A. Sundararaju

Company Financials:

Particulars

For the year/period ended (in Rs. Million)
31-Dec-15 31-Mar-15
Total Revenue 1,804.73 1,903.38
Profit After Tax (PAT) 400.21 432.54

Objects of the Issue:

The object of the issue are to:

1. Achieve the benefits of listing the Equity Shares on the BSE and the NSE; and
2. Carry out the sale of up to 10,744,708 Equity Shares by the Selling Shareholders.

Thyrocare Technologies IPO Details

Issue OpenApr 27, 2016 - Apr 29, 2016
Issue TypeBook Built Issue IPO
Issue Size10,744,708 Eq Shares of Rs 10
(aggregating up to Rs 479.21 Cr)
Offer for Sale10,744,708 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 420 - Rs 446 Per Equity Share
Market Lot33 Shares
Min Order Quantity33 Shares
Listing AtBSE, NSE

Thyrocare Technologies IPO Subscription Status (Bidding Detail)

Thyrocare Technologies IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

2,148,942

1,611,707

3,760,648

7,521,297

Apr 29, 2016 23:15

73.18x

225.30x

8.73x

73.55x

Thyrocare Technologies IPO Prospectus

Thyrocare Technologies IPO Rating

858
4.0
Rating:Rated 4.0 stars

Vote Here ...

Thyrocare Technologies IPO Listing Date

Listing DateMonday, May 9, 2016
BSE Script Code539871
NSE SymbolTHYROCARE
Listing InB
ISININE594H01019
Issue PriceRs 446 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 446.00
Rs 662.00
Rs 606.00
Rs 665.40
Rs 618.10
2,678,027
NSE
Rs 446.00
Rs 665.00
Rs 605.80
Rs 665.00
Rs 618.80
12,860,078

Thyrocare Technologies IPO Reviews / Ratings

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Company Contact Information

Thyrocare Technologies Ltd
D/37-1, TTC Industrial Area
MIDC Turbhe,
Navi Mumbai 400 703

Phone: +(91 22) 2762 2762
Email: ramjee.d@thyrocare.com
Website: http://www.thyrocare.com

Thyrocare Technologies IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: ttl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Thyrocare Technologies IPO Review / Comments

Septa
1737. Septa  Jun 27, 2016 19:36 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
brought some more given more such company tapping the IPO market in near future
Gravitas
1737.1. Gravitas  Jun 28, 2016 11:38 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
That''s a smart move. I missed adding some at 530/- level.
Gravitas
1736. Gravitas  Jun 13, 2016 02:29 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Thyrocare: FY16 results: Top-line up 25%, PBT up 21%, they paid much higher taxes this year & therefore Net Profit up only 15%. There was fresh equity infusion this year (IPO) leading to lower growth in EPS (10% only).

Thyrocare is debt-free, cost-focused &, tech-savvy (no material technology ''disruption'' threat is there IMO). DIY Kits are a threat but not a major one. They can give a quick estimate of blood sugar alright but can''t profile serum,thyroid, lipid etc.

Only thing that I''m worried from the start is its very rich valuation- currently 59-60 PE. Don''t know how long it can sustain such high PE based on 10%-15% eps/profit growth rates.

Some one on this board says that it''s a fraud company rigging books & looting customers!!?? I don''t know about any impending fraud but at least it''s not looting customers. It''s service is very cheap & results very accurate.

The Company doesn''t seem bad..it'' price could be. Anyways, I''m hanging on to it.

P.S. The market is factoring almost ''nil'' probability of Fed Funds Rate hike in June. It''s most likely now in December 2016. Brexit is also not expected to affect Indian markets in a big way. Passage of GST in Monsoon Session will be a shot in the arm.
The only near term risk to market is less than expected Monsoon.
shareipo
1736.1. shareipo  Jun 20, 2016 12:54 I Like It. | Report Abuse
whats happening in this stock ?
Gravitas
1736.2. Gravitas  Jun 20, 2016 14:52 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
There was good growth registered in FY16 but not strong enough to prop the high valuation multiples. Promoters r expecting 30% top-line growth in current year whereas EPS growth should be around 20%...
Eagleye
1735. Eagleye  Jun 12, 2016 10:20 I Like It. | Report Abuse
IPO Guru IPO Guru (4800+ Posts, 15500+ Likes)
Thyrocare Technologies Ltd


EPS FY15-16 = Rs.10.06 (consolidated & diluted)

http://www.bseindia.com/xml-data/corpfiling/AttachLive/FFBACB36_65A4_4BE7_967E_E7DD532B76A2_181158.pdf



Thyrocare Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 11, 2016, inter alia, have recommended a payment of final dividend of Rs. 2.50 (Rupees Two and Paise Fifty only) per equity share of the face value of Rs. 10 each for the financial year ended March 31, 2016. The Company has declared two interim dividends. These two interim dividends constitutes a total payout of Rs. 7.50 per equity share (75% on the face value of Rs. 10/- each) for the financial year 2015-2016. The Total dividend for the year including the final dividend (subject to the approval of the shareholders at the ensuing Annual General Meeting) will be Rs. 10/- (Rupees Ten only) per equity share.
Djaghera
1735.1. Djaghera  Jun 12, 2016 12:49 I Like It. | Report Abuse
According to you, should we hold thyrocare allotments or exit early as possible ??
gamble
1735.2. gamble  Jun 12, 2016 20:34 I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
I don''t think..hold is very good idea..ipo investor should take some profit out.
Samim Ahammad
1734. Samim Ahammad  Jun 11, 2016 20:07 I Like It. | Report Abuse
hi
Khemka
1733. Khemka  Jun 6, 2016 17:26 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Thyrocare down to 590 as allegation on company of doing fraud with setting with doctors in looting customers with various types of unnecessary deceased
acestocktip
1733.1. acestocktip  Jun 6, 2016 21:37 I Like It. | Report Abuse
Ex Spurts of the forum RKS was foul mouthing me,this is not a news to me,This company practices unethical means,even financial numbers are rigged.More skeletons to tumble,even if this stock goes up ( to trap retailers,CC ppl may do this gimmick), its wise to exit this stock,by diwali this stock to trade below IPO, fair value not more than 300,maybe 300 is also too much.
acestocktip
1732. acestocktip  Jun 6, 2016 11:50 I Like It. | Report Abuse
665-668 is the level,one must look into, Unless stock closes above 665-668, this stock will not give any major gains,every rally is being sold into.

Yes,funny things happen in stock market,so for those who are looking at other side of green ( red in this case), 665-668 is level one must look out for,any major follow up move will come if stock manages to close above 665-668. For us this stock will be relegated to JUNK STATUS in coming months.Like Indigo, management will reveal some uneasy facts.As it is diagnostic business got no STRONG MOAT easier to replicate the business,is vulnerable to tech disruption viz in form of DIY kits.

STRONG SELL ON RISE.. and if it closes abov 665-668, have some fun while CC ( company circle) jack up price only to bring it down later on.
acestocktip
1731. acestocktip  Jun 6, 2016 11:36 I Like It. | Report Abuse
Update : Thyrocare, under performing ,we have had given SELL ON RISE call,re-iterating stock will be below Issue price in next 4-5 months ( by diwali).

Markets are up by 15% but Thyorcare is trading below the listing day high, gave two exit opportunities.

Update on thyrocare : We have had given SELL ON RISE call.ON listing day,recommended to sell alloted stocks.Some ppl were misguided by septic,oneeyed and Rag picker kaput S hit ( RKS) & people bought stock at higher price 650+. We were spot on when we said that stock will give an opportunity ( sucker''''s rally) to exit, stock is back to 605,

Road ahead - Break below 595,two consecutive close below 595 will take Thyrocare below 480,we expect one Lower Circuit in this counter if Global market turns jittery on prospect of FED RATE HIKE.Be very careful with this stock.EXIT,this stock is not even worth 300.

OUR PRICE TARGET by DIWALI .. BELOW IPO PRICE
Dj
1730. Dj  Jun 3, 2016 11:47 I Like It. | Report Abuse
Does someone know when Thyrocare is going to publish it''s quarterly result ??? If so plz provide the date...
GURDEEP SINGH
1729. GURDEEP SINGH  May 31, 2016 12:03 I Like It. | Report Abuse
Keep Fund Ready for 4 Good IPO coming Between 16 June to 10 July
1.Mahanagar Gas
2.L&T Infotech
3.RBL
4.Advanced Enzyme Tech
Eagleye
1729.1. Eagleye  May 31, 2016 12:10 I Like It. | Report Abuse
IPO Guru IPO Guru (4800+ Posts, 15500+ Likes)
what about "Quess Corp" ?
Eagleye
1729.2. Eagleye  May 31, 2016 12:11 I Like It. | Report Abuse
IPO Guru IPO Guru (4800+ Posts, 15500+ Likes)
RBL ka SEBI approval is still awaited
Antonio Munia
1728. Antonio Munia  May 27, 2016 18:33 I Like It. | Report Abuse
Will Kranti Industries IPO open on Monday ?
Manoj budhwani
1727. Manoj budhwani  May 27, 2016 00:36 I Like It. | Report Abuse
Hi eagleye.. I do follow ur views and suggestions on regular basis.. Once u told that u will hold thyrocare upto 700/- or 31st may whichever earlier. Can you discuss what should be advisable ? To hold or book profit? Septa sir your views also on this.
Eagleye
1727.1. Eagleye  May 27, 2016 22:56 I Like It. | Report Abuse
IPO Guru IPO Guru (4800+ Posts, 15500+ Likes)
I will sell on 31st May
Dj
1726. Dj  May 26, 2016 16:13 I Like It. | Report Abuse
Does anyone know throcare''s result date ???
Happy Investing
1725. Happy Investing  May 23, 2016 12:07 I Like It. | Report Abuse
WHEN IS THE Q4 RESULT DATE?
acestocktip
1724. acestocktip  May 19, 2016 17:10 I Like It. | Report Abuse
Update on thyrocare : We have had given SELL ON RISE call.ON listing day,recommended to sell alloted stocks.Some ppl were misguided by septic,oneeyed and Rag picker kaput S hit ( RKS) & people bought stock at higher price 650+. We were spot on when we said that stock will give an opportunity ( sucker''s rally) to exit, stock is back to 605,

Road ahead - Break below 595,two consecutive close below 595 will take Thyrocare below 480,we expect one Lower Circuit in this counter if Global market turns jittery on prospect of FED RATE HIKE.Be very careful with this stock.EXIT,this stock is not even worth 300.

OUR PRICE TARGET by DIWALI .. BELOW IPO PRICE
Indy
1724.1. Indy  May 19, 2016 21:10 I Like It. | Report Abuse
EXCELLENT keep it up
One rotten fish spoil the whole pond
Indy
1724.2. Indy  May 25, 2016 01:43 I Like It. | Report Abuse
What u suggest on Ujjivan
Holding 15000 shares@257
Malav Raval
1723. Malav Raval  May 17, 2016 10:39 I Like It. | Report Abuse
By thyrocare around 630 with Target 637, 642, 648. SL 625
IPO Ka Gyani
1722. IPO Ka Gyani  May 14, 2016 11:13 I Like It. | Report Abuse
Everybody here is talking about Ujjivan. But I think Thyrocare will show huge run up in a day or two. Just being accumulated by operator. Huge upside expected.
CHD
1722.3. CHD  May 16, 2016 10:13 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
yahan bade bade gyani bhi dhara shai ho jaate hain .... ye market hai , bhai ....!
venki
1722.4. venki  May 17, 2016 13:44 I Like It. | Report Abuse
bhai, teen din hogaya aap ee bataake... kuch hila nahi......
Ramraj gupta
1721. Ramraj gupta  May 13, 2016 22:01 I Like It. | Report Abuse
Buy at current level
Malav Raval
1720. Malav Raval  May 13, 2016 11:56 I Like It. | Report Abuse
692 ki Train nikal jaye iske pehle 630 me enter ho jao, bahut jald 692 ka station aane vala hai. SL 580 which will not heat.

Time period: Max 8-10 trading sessions.
Shivajee
1719. Shivajee  May 12, 2016 22:10 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
I am holding Thyrocare at 650 levels. It went down below 600, but now its around 630. I m not going to sell it before 700. I am planning to add more at 610-615 range
CHD
1719.6. CHD  May 16, 2016 10:20 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Market follows no rules .... it does what it does....!
Shivajee
1719.7. Shivajee  May 20, 2016 09:06 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
RKS sir,

You told not to average @627. I followed your advice. You were very right, now its around 606. Thanks for you advising me not to buy at that price. I feel I can buy some at 600 mark.
Indy
1718. Indy  May 12, 2016 16:25 I Like It. | Report Abuse
Highest return stock will b ujjivan multibagger MULTIBAGGER. MULTIBAGGER
BLACK HORSE. Among the three newly listed shares
Shivajee
1718.1. Shivajee  May 12, 2016 22:24 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
how/. who said
CHD
1718.2. CHD  May 16, 2016 10:21 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Ujji crossed 258 today , indeed ...!



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