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

Face Value Rs 10
Price Band Rs 37 to Rs 40
Listing At BSE, NSE
Min. Order Quantity 3000 Shares
Listing Date 17 August 2023
Offer for Sale Rs Lakh
Fresh Issue Rs Lakh
IPO Size Rs 1,517 Lakh
Tick Size 1

Sangani Hospitals IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Sangani Hospitals Share Price

Sangani Hospitals IPO – Summary

Sangani Hospitals IPOSangani Group is a healthcare organization founded by Dr Ajaykumar Sangani, which started its journey with the establishment of Sangani Hospital in Keshod in the year 2001.

Dr Sangani, with his dedication and commitment towards providing quality healthcare services to the community, soon gained a reputation for his hospital in the region.


Sangani Hospitals IPO Date

The opening and closing dates of Sangani Hospital IPO are 4 August 2023 and 8 August 2023 respectively.

Sangani Hospitals IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – 4th Aug 1.39x 0.10x 1.30x 0.77x
2nd Day – 7th Aug 1.39x 0.68x 3.46x 2.00x
3rd Day – 8th Aug 11.42x 1.38x 6.17x 4.54x
Shares Offered or Net Issue 360,000 1,620,000 1,620,000 3,792,000

The shares subscribed by the public will be updated here.

Sangani Hospitals 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.

Sangani Hospitals Limited IPO Listing Date

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

Basis of Allotment Finalization 11 August 2023
Refunds Initiation 14 August 2023
Credit of Shares to Demat Account 16 August 2023
Share Listing Date 17 August 2023

Sangani Hospitals IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.1,517

Sangani Hospitals IPO Equity Size

This Initial Public Issue of 3,792,000 Equity Shares of Rs.10 each for cash at a price of Rs 37 to Rs 40 per equity share aggregating to Rs.1,517 Lakh.

Sangani Hospitals IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,792,000 Equity Shares of Rs.10/ each.

Issue Size: 3,792,000 Equity Shares of Rs.10 each, aggregating to Rs.1,517 Lakh

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    Sangani Hospitals IPO – Live Performance

    The listing date of this IPO is 17 August 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Sangani Hospitals Share Price

    Sangani Hospitals IPO Grey Market Premium

    The Sangani Hospitals Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Sangani Hospitals IPO – Company Overview

    In the year 2019, Sangani Group started urology surgery, laparoscopic surgery, general surgery and orthopaedic surgery department at Keshod and Veraval Hospital. Apart from the hospitals, the Sangani Group also has two pathology laboratories and two medical stores, at Keshod and Veraval.

    These facilities cater to the diagnostic and medical needs of the patients and provide a seamless healthcare experience. The Sangani Group also consists of four proprietorship firms owned by each of the individual group members.

    The group provide a range of healthcare services and products, including pharmaceuticals, medical equipment, and healthcare consultancy.

    Sangani Hospitals IPO – Financial Statements

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

    Financial Summary:

    Amount (in INR & Lakh)
    31-Mar-23 31-Mar-22 Dec-21 31-Mar-21
    Total Assets 1959.01 705.45 484.09 299.20
    *Total Revenue 1576.24 420.63 609.02 498.21
    Total Expense 1374.69 278.54 456.61 392.70
    Profit After Tax 148.37 105.35 114.06 78.96

    Earnings per Equity Share (in Lakh)

    31-Mar-23 31-Mar-22 Dec-21 31-Mar-21
    Basic & Diluted 1.49 2.67 3.18 4.68

    Further, their PAT for the period ended on Mar 31, 2023, March 31, 2022, Dec 31, 2021, and March 31, 2021, were Rs. 148.37 Lakh, Rs. 105.35 Lakh, Rs. 114.06 Lakh and Rs. 78.96 Lakh respectively.

    Sangani Hospitals IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Ajaykumar Sangani, Managing Director
    • Dr Rajeshkumar Sangani, Chairman and Whole TimeDirector
    • Kamalkumar Sangani, Whole Time Director
    • Dr Vaishali Sangani, Executive Director
    • Dharmesh Vithalani, Non-Executive Independent Director

    Sangani Hospitals IPO – Promoters Holding

    • Pre-Issue Share Holding – 100.00%
    • Post-Issue Share Holding – %

    Sangani Hospitals IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 37,92,000 Equity Shares aggregating up to Rs.[●] Lakh
    of which:
    Issue Reserved for the Market Makers Up to 1,92,000 Equity Shares aggregating up to Rs.[●]
    Net Issue to the Public Up to 36,00,000 Equity Shares aggregating up to Rs.[●]
    Of which:
    Retail Investors Portion Not less than 16,20,000 Equity Shares
    Other than Retail Individual Investors Not more than 16,20,000 Equity Shares
     Equity Shares outstanding prior to the Issue 99,84,990 Equity Shares
     Equity Shares outstanding after the Issue 1,37,76,990 Equity Shares

    Sangani Hospitals IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. To carry out the capital expenditure for expansion in Sangani Hospital at Keshod, Gujarat;
    2. To carry out the capital expenditure for expansion in Sangani Super Speciality Hospital at Veraval, Gujarat; and
    3. General corporate purposes

    Sangani Hospitals IPO – Business Strategy

    • Continue to strengthen healthcare services across other specialities
    • Implement initiatives to improve operational efficiencies.
    • Continue to grow their ancillary businesses
    • Digital healthcare initiatives to address patient convenience, operational efficiencies and expand reach

    Sangani Hospitals IPO – Basis of 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:

    • Doctor-led’ hospitals are driven by skilled and experienced doctors in the healthcare space.
    • Focus on under-served areas with dense populations.
    • Growth opportunities in existing facilities and diversification into new services
    • Ability to attract quality doctors, nurses, paramedical, and other staff.

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 1.49 12.91% 18.00
    31-Mar-22 5.85 65.46%
    Mar-21 4.68 44.84%

    Sangani Hospitals IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Revenue from
    operations (Rs. in Lakhs)
    Sangani Hospitals Limited 10 [●] 1.49 12.91% 1,566.79
    Listed Peers
    Artemis Medicare Services Limited 1 45.52 2.89 9.97% 73,742.52
    Lotus Eye Hospital And Institute Ltd 10 48.75 1.96 7.27% 4,704.39

    Sangani Hospitals IPO Lead Managers

    Lead Managers
    A/305, Dynasty Business Park, Andheri Kurla Road, Andheri East, Mumbai 400059, Maharashtra
    Telephone: +91 98200 57533
    Email: mb@unistonecapital.com
    Website: www.unistonecapital.com
    Investor grievance email: compliance@unistonecapital.com
    Contact Person: Mr. Brijesh Parekh
    SEBI registration number: INM000012449
    CIN: U74120MH2015PTC270984

    Sangani Hospitals IPO Registrar to offer

    Registrar to the Offer
    S6-2, 6th Floor, Pinnacle Busine
    ss Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East),
    Mumbai – 400 093, Maharashtra, India
    Telephone: 022 6263 8200
    Facsimile: 022 6263 8299
    Email: ipo@bigshareonline.com
    Investor Grievance Email: investor@bigshareonline.com
    Contact Person: Babu Rapheal C.
    Website www.bigshareonline.com
    SEBI Registration Number: INR000001385
    CIN: U99999MH1994PTC076534

    Sangani Hospitals IPO – Other Details

    • Statutory Auditor – Kumbhat & Co., Chartered Accountants
    • Legal Counsel to the Company – Zastriya, Attorneys & Legal Consultants
    • Bankers to the Company – HDFC Bank Ltd

    Sangani Hospitals IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Sangani Hospitals Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Sangani Hospitals IPO Review FAQs

      Check out various FAQs related to Sangani Hospitals IPO:

      What is the Issue Size of Sangani Hospitals IPO?

      The Company is making an initial public offer of 3,792,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Sangani Hospitals IPO?

      The price band for this particular IPO ranges between Rs 37 to Rs 40. As far as the face value of the share is of concern, it is Rs. 10 per share.

      What is the Sangani Hospitals IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on 4 August 2023, while the closing date is set at 8 August 2023.

      What is the Sangani Hospitals IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 11 August 2023, refund initiation is on 14 August 2023, credit of shares is on 16 August 2023, and share listing date is on 17 August 2023.

      What is the Sangani Hospitals IPO Listing Date?

      Shares of this company shall be listed in the exchanges on 17 August 2023. The date, when the listing would be done, is stagnant on 17 August 2023.

      Who is the Registrar of Sangani Hospitals IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Sangani Hospitals IPO?

      Here are the promoters of this IPO -: DR. AJAYKUMAR SANGANI, DR. RAJESHKUMAR SANGANI, KAMALKUMAR SANGANI & DR. VAISHALI SANGANI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Sangani Hospitals IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Sangani Hospitals IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Sangani Hospitals Company?

      They have the information on company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 148.37, 2022 is 105.35, and 2021 is 78.96. 

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