Sangani Hospitals Ltd
Price Range
₹40
Min. Quantity
3,000
Closes on
8 August 2023
Min. investment
₹1,20,000/3,000 Shares
Sangani Hospitals Ltd IPO Timeline
Sangani Hospitals Ltd was incorporated as a Public Limited Company in Keshod, Gujarat on November 11, 2021, through Certificate of Incorporation dated November 12, 2021 and Certificate of Commencement of Business dated December 14, 2021 issued by the Registrar of Companies, Ahmedabad. Sangani Group is a healthcare organization founded by the Promoter, Dr. Ajaykumar Sangani.
| Event | Date |
|---|---|
| Sangani Hospitals Ltd IPO Opening Date | 4 August 2023 |
| Sangani Hospitals Ltd IPO Closing Date | 8 August 2023 |
| Basis of Allotment | 11 August 2023 |
| Initiation of Refunds | 14 August 2023 |
| Credit of Shares to Demat | 16 August 2023 |
| Sangani Hospitals Ltd IPO Listing Date | 17 August 2023 |
Sangani Hospitals Ltd IPO Details
| Sangani Hospitals Ltd IPO Date | 4 August 2023 to 8 August 2023 |
| Sangani Hospitals Ltd IPO Face Value | ₹10 per share |
| Sangani Hospitals Ltd IPO Price | ₹40 to ₹0 per share |
| Sangani Hospitals Ltd IPO Lot Size | 3,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹15.17 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹14.03 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Ajaykumar Sangani, Rajeshkumar Sangani, Kamalkumar Sangani |
Sangani Hospitals Ltd IPO Lot Size
The Sangani Hospitals Ltd IPO lot size is 3,000 shares. A retail-individual investor can apply for up to 1 lots (3,000 shares or ₹1,20,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 3,000 | ₹1,20,000 |
| Maximum | 1 | 3,000 | ₹1,20,000 |
- Strengths
- Risks
- Opportunities
- Doctor-led' hospitals driven by skilled and experienced doctors in the healthcare space.
- Focus on under-served areas with dense population.
- Growth opportunities in existing facilities and diversification into new services
- Ability to attract quality doctors, nurses, paramedical, and other staff.
Company Financials
Sangani Hospitals Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 34.98 | 13.05 | 2.70 |
| 03-2023 | 19.22 | 11.75 | 1.53 |
| 03-2022 | 6.64 | 4.21 | 1.04 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To carry out the capital expenditure for expansion in Sangani Hospital at
- To carry out the capital expenditure for expansion in Sangani Super Speciality Hospital at
- General corporate purposes
Sangani Hospitals Ltd IPO Promoter Holding
| Pre Issue Share Holding | 33.17% |
| Post Issue Share Holding | 24.04% |
Sangani Hospitals Ltd IPO Subscription Status (Bidding Detail)
The Sangani Hospitals Ltd IPO is subscribed 4.36 times on 8 August 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 4.36 |
Sangani Hospitals Ltd IPO Prospectus
Sangani Hospitals Ltd IPO Listing Date
| Listing Date | 17 August 2023 |
| BSE Script | 79231 |
| NSE Symbol | SANGANI |
| Listing In | NSE - SME |
| ISIN | INE0OVI01010 |
| IPO Price | ₹40 |
| Face Value | ₹10 |
Company Contact Information
Sainath Society Opp S.T.KSD TTaluka Keshod,Junagadh-362220
Phone: 02871-23 5900
Email: cs@sanganihospitals.com
Website: www.sanganihospitals.com
Sangani Hospitals Ltd IPO Registrar
Sangani Hospitals Ltd IPO Lead Manager(s)
- Unistone Capital Pvt Ltd
FAQ
What is the issue size of Sangani Hospitals Ltd IPO?
I have pre-applied for Sangani Hospitals Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.