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Gian Life Care IPO Review, Dates, Size, Allotment, Bid Details, GMP & DRHP

Let’s have a detailed review of the company and analytics of the Gian Life Care IPO release date, IPO offer price, subscription, Gian Life Care Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters, and other related things. Stock Broker Complaints


Gian Life Care Limited IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.1/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge7.7/10
Financial Statements7.1/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.1/10
Top Brokers Review7.9/10
Overall Ratings7.4/10
Star Ratings★★★★☆

Summary of Gian Life Care IPO

Gian Life Care IPOCompany is primarily engaged in the business of providing diagnostic and related healthcare tests and services in Kanpur and nearby areas.

They provide a broad range of diagnostic and related healthcare tests and services such as, patient diagnosis services and prevention and wellness diagnosis services to their patients and healthcare providers. Their customers include individual patients, hospitals, other healthcare providers and corporate customers.

They offer a broad range of approximately 1,344 tests as of March 31, 2019, it includes various tests ranging from
biochemistry, clinical pathology, coagulation, cytogenetics, cytology, hematology, histopathology, immunoassay,
microbiology, molecular biology and radiology services.

Association’s main aim is on providing reliable test results to the patients and customers at the best possible cost as well as value added services such as home collection of specimens and online access to test reports.

The Promoters of this company is MR. ARUN KUMAR GUPT. The lead manager to the issue is HEM SECURITIES LIMITED and the Registrar to this issue is CAMEO CORPORATE SERVICES LTD.

From FY 2016-17 to FY 2018-19, as per the Restated Financial Statements

As per restated financial statements for the period ended April 30, 2019 and the period ended on March 31, 2019, the total revenue of the Company stood at Rs.55.32 lakhs and Rs. 55.83 lakh, respectively. Further, their Profit after tax for the period ended April 30, 2019 and the period ended on March 31, 2019 stood at Rs. 10.04 lakh and Rs. 9.08 lakhs respectively


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Gian Life Care IPO Date

The opening and the closing date of Gian Life Care IPO is not known yet.


Gian Life Care IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Gian Life Care IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


Gian Life Care IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Gian Life Care IPO Equity Share Offering

Issue of 14,16,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.


Gian Life Care Limited – Company Overview

Company was incorporated as a public limited company under the Companies Act, 2013 and registered with the Registrar of Companies, Uttar Pradesh, Kanpur, pursuant to a certificate of incorporation dated November 06, 2018. Subsequently, Company has acquired the entire business of M/s Gian Pathology & X- Ray w.e.f. March 01, 2019 vide the Business Transfer Agreement executed on March 01st, 2019.

The Corporate Identity Number of our Company is U85100UP2018PLC110119

Business strategies of Gian Life Care Limited

  • Grow our wellness and preventive check offerings and expand our test range
  • Continue to focus on providing quality diagnostic and related healthcare tests and services.
  • Attract and retain talented employee
  • Enhancing Operating Effectiveness and Efficiency

Gian Life Care Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary of Gian Life Care Limited IPO

On the basis of Standalone statement:-

Amount (in INR & lakhs)  
31-Apr-1931-Mar-19
Total Assets791.87781.62
Total Revenue55.9256.32
Total Expense43.6542.74
Profit After Tax9.0810.04

Earnings per Equity Share (in lakhs)

31-Apr-1931-Mar-19
Basic & Diluted0.280.31

From the above statements, one could find that Gian Life Care Limited may perform well.


Gian Life Care IPO – Promoters

The Promoter of this company is:

  • MR. ARUN KUMAR GUPTA

List of Related Parties (Key Managerial Personnel)

  • Mr. Arun Kumar Gupta, Chairman & Managing Director
  • Mrs. Avani Gupta, Chief Financial Officer
  • Ms. Rashika Agarwal, Non-Executive Director

Interest in promotion of the Company

Company’s Promoter are not interested as a member of a firm or a company, and no sum has been paid or agreed to be paid to Promoters or to such firm or company in cash or shares or otherwise by any person for services rendered by them or by such firm or company in connection with the promotion or formation of Company.

Property Interest

Other than as disclosed in Financial Statements or this Draft Prospectus, Company has not entered into any contracts, agreements or arrangements during the preceding two years from the date of this Draft Prospectus

Interest in Intellectual Rights of the Company

As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.


Gian Life Care Limited IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered Issue of upto 14,16,000 Equity Shares face value of Rs.10 each fully paid-up of our Company for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs
 Of which:
 Reserved for Market Makers ●] Equity Shares of Rs.10 each fully paid-up of our Company for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs.
 Net Issue to the Public ●] Equity Shares of Rs.10 each fully paid-up of our Company for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs.
 Of which:
 Retail Investors Portion [●] Equity Shares of Rs.10 each fully paid-up of our Company for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs will be available for allocation to Retail Individual Investors
 Non-Retail Investors PortionEquity Shares of Rs.10 each fully paid-up of our Company for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs will be available for allocation to investor other than Retail Individual Investors
 Equity Shares outstanding prior to the Issue32,84,694 Equity Shares of Rs.10 each
 Equity Shares outstanding after the IssueUpto 47,00,694 Equity Shares of Rs. 10 each

Gian Life Care Limited IPO Issue Object

These are the IPO Issue Objects of the company

  • To open processing center in nearby cities of Kanpur (Jhansi, Banda, Faizabad, Unnao)
  • To purchase advanced machinery and equipment
  • Repayment/prepayment, of certain borrowings availed by the Company
  • To meet Working Capital requirements
  • General Corporate Purpose
  •  To meet issue expenses

Gian Life Care IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Wide range of specialized tests with an emphasis on wellness and preventive healthcare.
  • Experienced leadership team with strong industry expertise and successful track record.
  • Customer centric approach and focus on customer satisfaction
  • Quality Compliance

The relevant quantitative factors are:

On the basis of standalone statement:-

Basic & Diluted EPSRONW NAV (Rs.)
Mar-190.3190.94%0.34
31-Apr-190.282.60%10.62
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
ParticularsP/E ratio
Highest48.15
Average25.97
Lowest37.06
  • Competitive Peers: 
Name of CompanyCurrent
Market
Price (Rs.)
Face
Value
(Rs.)
EPS *
(Rs.)
PERoNW
(%)
Book Value
(Rs.)
Total Income
(Rs. in crores)
Gian Life Care Limited[●]10.000.31[●]90.94110.440.55
Dr. Lal Path Labs Ltd1103.5010.0024.1948.1521.20113.461203.40
Thyrocare Technologies Ltd467.5010.0017.8425.9720.8986.32370.28

Gian Life Care IPO Lead Managers

Lead Managers
HEM SECURITIES LIMITED
904-A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai – 400013, India
Tel. No.: +91- 022-49060000, Fax No. – +91 – 022 – 22625991
Website: www.hemsecurities.com
Email:
Investor Grievance Email:
ContactPerson:Mr. Anil Bhargava
SEBIRegn.No. INM000010981

Gian Life Care IPO Registrar to offer

Registrar to the Offer
CAMEO CORPORATE SERVICES LTD.
Submaramanian Building, 1 Club House Road,
Chennai 600 002.
Tel No.: +91-44-40020700
Fax No.: +91-44-2846 0129
E-mail : ;
Website: www.cameoindia.com
Contact Person: Mr. R. D. Ramasamy
SEBI Registration No: INR000003753

Gian Life Care IPO Other Details:

  • Statutory Auditor – P.D. DALAL & CO.
  • Peer Review Auditor -P.D. DALAL & CO.
  • Bankers to the Company – [●]

Gian Life Care IPO Grey Market Premium

The Gian Life Care IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Gian Life Care IPO News

News 1 – Download DRHP Prospectus


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