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

Last Updated Date: Nov 17, 2022

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, GIAN IPO grey market price and other details like the company’s background, its financial positions, its promoters, and other related things.

Issue Period	31 Dec 2019 to 03 Jan 2020
IPO Market Timings	10.00 a.m. to 5.00 p.m.
Post Issue Modification	06 Jan 2020
Cut-off time for UPI Mandate Confirmation	06-JAN-2020 (upto 12:00 PM)
Issue Size (No. of Shares)	1416000
Face Value	10.00
Issue Price	22.00
Premium	12.00
Market Lot	6000
Minimum Bid Quantity	6000
Maximum Bid Quantity	1344000
Listing At	BSE

Gian Life Care IPO Review & Ratings

IPO Ratings & Review
Criteria	Ratings
Industry Sentiments	7.5/10
Industry Ranking	7.1/10
Company Background	7.3/10
Company Reputation	7.2/10
Competitive Edge	7.7/10
Financial Statements	7.1/10
Popularity Index	7.4/10
Promoters Reputation	7.7/10
Retail Appetite	7.1/10
Top Brokers Review	7.9/10
Overall Ratings	7.4/10
Star Ratings	★★★★☆

Summary of Gian Life Care IPO

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

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 Dec 31, 2019 – Jan 3, 2020.

Gian Life Care IPO Subscription

Day / Date	NII	RII	Total Subscription
1st Day – Dec 31	0.13x	0.02x	0.07x
2nd Day – Jan 1	1.64x	0.06x	0.85x
3rd Day – Jan 2	1.68x	0.24x	0.96x
4th Day – Jan 3	1.91x	0.77x	1.34x
Shares Offered or Net Issue	672,000	672,000	1,344,000

The shares subscribed by the public will be updated here.

Gian Life Care IPO Allotment Status

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

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Gian Life Care IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization	Jan 8, 2020
Refunds Initiation	Jan 9, 2020
Credit of Shares to Demat Account	Jan 10, 2020
Share Listing Date	Jan 13, 2020

Gian Life Care IPO Price Band / Cash Price

The face value of each share is Rs 10, but the price band of the IPO is Rs. 22.

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. 22 per Equity Share (including a share premium of Rs.12 per Equity share) aggregating Rs. 312 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

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.

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-19	31-Mar-19
Total Assets	791.87	781.62
Total Revenue	55.92	56.32
Total Expense	43.65	42.74
Profit After Tax	9.08	10.04

Earnings per Equity Share (in lakhs)

	31-Apr-19	31-Mar-19
Basic & Diluted	0.28	0.31

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. 22 per Equity Share aggregating to Rs. 312 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 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 investor other than Retail Individual Investors
Equity Shares outstanding prior to the Issue	32,84,694 Equity Shares of Rs.10 each
Equity Shares outstanding after the Issue	Upto 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 EPS	RONW	NAV (Rs.)
Mar-19	0.31	90.94%	0.34
31-Apr-19	0.28	2.60%	10.62

Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:

Particulars	P/E ratio
Highest	48.15
Average	25.97
Lowest	37.06

Competitive Peers:

Name of Company	Current Market Price (Rs.)	Face Value (Rs.)	EPS * (Rs.)	PE	RoNW (%)	Book Value (Rs.)	Total Income (Rs. in crores)
Gian Life Care Limited	[●]	10.00	0.31	[●]	90.94	110.44	0.55
Dr. Lal Path Labs Ltd	1103.50	10.00	24.19	48.15	21.20	113.46	1203.40
Thyrocare Technologies Ltd	467.50	10.00	17.84	25.97	20.89	86.32	370.28

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:ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
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 : cameo@cameoindia.com; investor@cameoindia.com
Website: www.cameoindia.com
Contact Person: Mr. R. D. Ramasamy
SEBI Registration No: INR000003753