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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 ₹61.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,18,000 (2000 shares). The minimum lot size investment for 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 Date | May 2, 2019 to May 15, 2019 |
| Listing Date | May 23, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹59 to ₹65 per share |
| Issue Price Final | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 62,16,000 shares (aggregating up to ₹37.92 Cr) |
| Reserved for Market Maker | 3,16,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹2.05 Cr) |
| Net Offered to Public | 59,00,000 shares (aggregating up to ₹35.99 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,71,44,764 shares |
| Share Holding Post Issue | 2,33,60,764 shares |
Cian Healthcare IPO offers total 62,16,000 shares. Out of which 29,50,000 (47.46%) allocated to NII, 29,50,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,16,000 (5.08%) |
| NII (HNI) Shares Offered | 29,50,000 (47.46%) |
| Retail Shares Offered | 29,50,000 (47.46%) |
| Total Shares Offered | 62,16,000 (100.00%) |
Cian Healthcare IPO opens on May 2, 2019, and closes on May 15, 2019.
| IPO Open Date | Thu, May 2, 2019 |
| IPO Close Date | Wed, May 15, 2019 |
| Tentative Allotment | Mon, May 20, 2019 |
| Initiation of Refunds | Tue, May 21, 2019 |
| Credit of Shares to Demat | Wed, May 22, 2019 |
| Tentative Listing Date | Thu, May 23, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 15, 2019 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 8,590.11 | 7,762.47 | 6,127.82 | 5,681.81 | |
| Total Revenue | 4,407.21 | 5,941.70 | 5,178.32 | 4,668.21 | |
| Profit After Tax | 525.03 | 375.65 | 223.64 | 137.20 | |
The Company Cian Healthcare IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Based on current financial data, the issue appears fully priced. Considering orders on hand, bright prospects post ongoing expansion, CIAN is poised for bright prospects ahead. Investors may consider investment for long term. Read detail review...
| Listing Date | May 23, 2019 |
| BSE Script Code | 542678 |
| NSE Symbol | |
| ISIN | INE05BN01019 |
| Final Issue Price | ₹61 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹62.00 |
| Low | ₹58.90 |
| High | ₹62.90 |
| Last Trade | ₹61.50 |
Cian Healthcare Ltd.
Milkat No. 3339, Block No.1,
From South Side, C.S.No.227 /2 + 3A, Harpale Park,
Opp Berger Paint, Phursungi,
Pune, Maharashtra, 412308
Phone: 020-41471234 /265
Email: cs@cian.co
Website: https://www.cian.co/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Cian Healthcare IPO is a SME IPO of 62,16,000 equity shares of the face value of ₹10 aggregating up to ₹37.92 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on May 2, 2019, and closes on 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 May 2, 2019 and closes on 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 Wednesday, May 22, 2019. Check the Cian Healthcare IPO allotment status.
The Cian Healthcare IPO listing date is on Thursday, May 23, 2019.
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