Sangani Hospitals IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 08, 2023Let’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 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.
The Promoter of this company is : DR. AJAYKUMAR SANGANI, DR. RAJESHKUMAR SANGANI, KAMALKUMAR SANGANI & DR. VAISHALI SANGANI. The lead manager of the issue is UNISTONE CAPITAL PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
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:
- : DR. AJAYKUMAR SANGANI,
- DR. RAJESHKUMAR SANGANI,
- KAMALKUMAR SANGANI
- DR. VAISHALI SANGANI
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.[●] Lakh |
| Net Issue to the Public | Up to 36,00,000 Equity Shares aggregating up to Rs.[●] Lakh |
| 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:
- To carry out the capital expenditure for expansion in Sangani Hospital at Keshod, Gujarat;
- To carry out the capital expenditure for expansion in Sangani Super Speciality Hospital at Veraval, Gujarat; and
- 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 |
| UNISTONE CAPITAL PRIVATE LIMITED 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 |
| BIGSHARE SERVICES PRIVATE LIMITED 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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