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.
Gian Life Care Limited IPO Review & Ratings
|IPO Ratings & Review|
|Top Brokers Review||7.9/10|
Summary of 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.
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 / Date||QIB||NII||RII||Total 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)|
|Profit After Tax||9.08||10.04|
Earnings per Equity Share (in lakhs)
|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.
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|
|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.|
|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.)|
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
- Competitive Peers:
|Name of Company||Current|
(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
|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
Investor Grievance Email: [email protected]
ContactPerson:Mr. Anil Bhargava
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 : [email protected]; [email protected]
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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