Bookbuilding IPO | ₹38 Cr | Listed at BSE SME | Thu, May 2, 2019 - Wed, May 15, 2019
Cian Healthcare IPO is a book build issue of ₹37.92 crores. The issue is entirely a fresh issue of 0.62 crore shares of ₹37.92 crore.
Cian Healthcare IPO bidding started from May 2, 2019 and ended on May 15, 2019. The allotment for Cian Healthcare IPO was finalized on May 20, 2019. The shares got listed on BSE SME on May 23, 2019.
Cian Healthcare IPO price band is set at ₹61 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,30,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,44,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Cian Healthcare IPO RHP for detailed Information.
IPO Open
Thu, May 2, 2019
IPO Close
Wed, May 15, 2019
Issue Price
₹61 per share
Market Cap (Pre-IPO)
₹142.50 Cr
| IPO Date | 2 to 15 May, 2019 |
| Listed on | Thu, May 23, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹65 |
| Issue Price | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 62,16,000 shares (agg. up to ₹38 Cr) |
| Reserved for Market Maker | 3,16,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 59,00,000 shares (agg. up to ₹36 Cr) |
| Net Offered to Public | 59,00,000 shares (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 1,71,44,764 shares |
| Share Holding Post Issue | 2,33,60,764 shares |
| BSE Script Code | 542678 |
| ISIN | INE05BN01019 |
Cian Healthcare IPO comprises a total issue size of 62,16,000 shares. The net offer to the public is 59,00,000 shares, after excluding 3,16,000 shares allotted on a firm basis. Of the Net offer 29,50,000 (50.00%) allocated to NII 29,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 29,50,000 | 50.00% | 47.46% |
| Retail Shares Offered | 29,50,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,16,000 | 5.08% | |
| Total Shares Offered | 62,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Incorporated in 2003, Cian Healthcare Limited is a multinational manufacturing company certified by WHO-GMP & ISO -9001:2015 and Food and Drug Control Administration to work in the area of Food supplement, Sexual Wellness, Cosmeceuticals, Nutraceutical, Ayurvedic, and Pharmaceutical products. The manufacturing process of the company complies with the prescribed rules and regulations of the World Health Organization.
The company is engaged in developing, manufacturing and commercialising the pharmaceutical products under 12 therapeutic divisions and 10 sales division. The company operates the business under the brand and is also involved in government supplies, export and third-party manufacturing activities.
Products:
The product list of the company includes Sachet, Gels, Lotions, Creams, Ointments, Liquid Orals, Capsules, and Tablets. Apart from this, the company also owns a special licence to manufacture veterinary products such as Venky's and SAVAvet. The company manufactures pharmaceutical products for both the foreign and domestic markets.
Category wise sales:
As on 31st March 2018, the total company sale was comprising 37% from contract manufacturing, 24% from government supplies, 23% from franchise business, and 16% from export sales.
The competitive strengths of the company are:
1. PAN India presence
2. Promoters' 15 years of experience in the field
3. Good purchasing power
4. Strong distribution network
5. Low-cost operations
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Upgradation of existing plant i.e. Unit 1 situated at Roorkee, Uttarakhand India | 3.50 |
| 2 | Margin money for Setting up of manufacturing facility i.e. Unit 2 situated at Roorkee, Uttarakhand, India | 7.28 |
| 3 | Enhancement of our Company’s brand through advertising and other brand-building activities | 1.50 |
| 4 | Long term working capital requirements | 10.00 |
| 5 | Acquisitions and other strategic initiatives | 7.09 |
| 6 | General corporate purposes | 4.74 |
The Cian Healthcare IPO is subscribed 1.25 times on May 15, 2019 6:50:01 PM (Day 10). The public issue subscribed 0.59 times in the retail category, [.] times in the QIB category, and 1.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.91 | 29,50,000 | 56,42,000 |
| Retail | 0.59 | 29,50,000 | 17,52,000 |
| Total | 1.25 | 59,00,000 | 73,94,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.93 |
| 2 | Brokerage, selling commission and upload fees | 2.42 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.01 |
| 6 | Regulators including stock exchanges | 0.05 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others (Market Making fees, etc) | 0.36 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹62.00 |
| Low | ₹58.90 |
| High | ₹62.90 |
| Last Trade | ₹61.50 |
Lead Manager Reports
Cian Healthcare IPO is a SME IPO of 62,16,000 equity shares of the face value of ₹10 aggregating up to ₹38 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on Thu, May 2, 2019, and closes on Wed, May 15, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Cian Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in Cian Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cian Healthcare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cian Healthcare IPO opens on Thu, May 2, 2019 and closes on Wed, May 15, 2019.
Cian Healthcare IPO lot size is 2000, and the minimum amount required for application is ₹1,22,000.
You can apply in Cian Healthcare IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Cian Healthcare IPO will be done on Monday, May 20, 2019, and the allotted shares will be credited to your demat account by Wed, May 22, 2019. Check the Cian Healthcare IPO allotment status.
The Cian Healthcare IPO listing date is on Thu, May 23, 2019.
