Sangani Hospitals Limited IPO Detail
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.
Company Promoters
Dr. Ajaykumar Sangani, Dr. Rajeshkumar Sangani, Kamalkumar Sangani and Dr. Vaishali Sangani are the Promoters of the company.IPO Details
| IPO Opening Date | Aug 04, 2023 |
| IPO Closing Date | Aug 08, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹37 - 40 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹15.17 Cr |
| Fresh Issue | 3,792,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | - |
| Retail Portion | 42.72% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.39x | - | - | 0.68x | 3.44x | 2.00x |
| Day 2 | 11.42x | - | - | 1.38x | 6.17x | 4.54x |
IPO Tentative Timetable
The Sangani Hospitals Limited IPO open date is Aug 04, 2023, and the close date is Aug 08, 2023. The issue may list on Aug 17, 2023.
| IPO Open Date | Aug 04, 2023 |
| IPO Close Date | Aug 08, 2023 |
| Basis of Allotment Date | Aug 11, 2023 |
| Initiation of Refunds | Aug 14, 2023 |
| Credit of Shares to Demat Account | Aug 16, 2023 |
| IPO Listing Date | Aug 17, 2023 |
IPO Lot Size
The Sangani Hospitals Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹120000 |
| Maximum | 1 | 3000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 705.45 | 420.63 | 105.35 |
| 31-Mar-23 | 1959.01 | 1576.24 | 148.37 |
Objects of the Issue:
The company intends to utilize the proceeds of the issue to meet the following objectives:
- To carry out the capital expenditure for expansion in Sangani Hospital at Keshod, Gujarat
- To carry out the capital expenditure for expansion in Sangani Super Speciality Hospital at Veraval, Gujarat
- General corporate purposes
Sangani Hospitals Limited IPO Registrar:
Bigshare Services Pvt Ltd
Sangani Hospitals Limited IPO Lead Manager(s):
Unistone Capital Pvt Ltd
Company Contact Information:
Sangani Hospitals Limited
Sainath Society, Opp. S. T., KSD T, Village - Keshod
Keshod
Junagadh
