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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.
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 Size | 1,416,000 shares (aggregating up to ₹3.12 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 3,284,694 |
Share holding post issue | 4,700,694 |
Market Maker portion | 72,000 shares |
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 Offered | 72,000 (5.08%) |
Other Shares Offered | 672,000 (47.46%) |
Retail Shares Offered | 672,000 (47.46%) |
Total Shares Offered | 1,416,000 (100%) |
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 |
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 |
The Promoter of the Company is Mr. Arun Kumar Gupta.
Share Holding Pre Issue | 95.74% |
Share Holding Post Issue | 65.62% |
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.
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 |
The market capitalization of Gian Lifecare IPO is Rs 10.34 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 21.36 |
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
[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...
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)
Category | Subscription (times) |
---|---|
Other | 1.91 |
Retail | 0.78 |
Total | 1.34 |
Listing Date | January 13, 2020 |
BSE Script Code | 542918 |
NSE Symbol | |
ISIN | INE063601012 |
Final Issue Price | ₹22 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹22.00 |
₹22.00 |
₹22.00 |
₹22.05 |
₹22.00 |
Gian Life Care Limited
7/216 (6),
Swaroop Nagar,
Kanpur-208002
Phone: + 91-0512-2531860
Email: info@gianpathlabs.com
Website: http://www.gianpathlabs.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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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.
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