Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Tue, Dec 31, 2019 - Fri, Jan 3, 2020
Gian Life Care IPO is a fixed price issue of ₹3.12 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹3.12 crore.
Gian Life Care IPO bidding started from Dec 31, 2019 and ended on Jan 3, 2020. The allotment for Gian Life Care IPO was finalized on Jan 8, 2020. The shares got listed on BSE SME on Jan 13, 2020.
Gian Life Care IPO price is ₹22 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,64,000.
Hem Securities Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Gian Life Care IPO RHP for detailed Information.
IPO Open
Tue, Dec 31, 2019
IPO Close
Fri, Jan 3, 2020
Issue Price
₹22 per share
Market Cap (Pre-IPO)
₹10.34 Cr
| IPO Date | 31 Dec, 2019 to 3 Jan, 2020 |
| Listed on | Mon, Jan 13, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 14,16,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 72,000 shares Shreni Shares Ltd. (agg. up to ₹0.1584 Cr) |
| Fresh Issue (Ex Market Maker) | 13,44,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 13,44,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 32,84,694 shares |
| Share Holding Post Issue | 47,00,694 shares |
| BSE Script Code | 542918 |
| ISIN | INE063601012 |
Gian Life Care IPO comprises a total issue size of 14,16,000 shares. The net offer to the public is 13,44,000 shares, after excluding 72,000 shares allotted on a firm basis. Of the Net offer 6,72,000 (50.00%) allocated to NII 6,72,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,72,000 | 50.00% | 47.46% |
| Retail Shares Offered | 6,72,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,000 | 5.08% | |
| Total Shares Offered | 14,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,32,000 |
| Retail (Max) | 1 | 6,000 | ₹1,32,000 |
| HNI (Min) | 2 | 12,000 | ₹2,64,000 |
Incorporated in 2018, Kanpur (UP) based Gian Life Care Limited is engaged in the business of providing diagnostic and related healthcare services. The company provides a wide range of diagnostic tests and services like patient diagnosis services, prevention, and wellness diagnosis services to patients and healthcare providers. The company caters to individual patients, hospitals, corporates and other healthcare providers.
The company offers over 1,344 tests including biochemistry, clinical pathology, coagulation, cytogenetics, cytology, hematology, histopathology, immunoassay, microbiology, molecular biology, and radiology services.
Gian Life is NABL accredited and ISO 9001:2015 certified company. It has 59 full-time employees.
| 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 | To open processing center in nearby cites of Kanpur (Jhansi, Banda, Faizabad, Unnao) | 0.86 |
| 2 | To purchase advanced machinery and equipment | 1.00 |
| 3 | Repayment/pre-payment, of certain borrowings availed by the Company | 0.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 21.36 | |
| Promoter Holding | 95.74% | 65.62% |
| Market Cap | ₹10.34 Cr. |
The Gian Lifecare IPO is subscribed 1.34 times on January 3, 2020 7:44:02 PM (Day 4). The public issue subscribed 0.78 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 | 6,72,000 | 12,84,000 |
| Retail | 0.78 | 6,72,000 | 5,22,000 |
| Total | 1.34 | 13,44,000 | 18,06,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.24 |
| 2 | Underwriting Commission | 0.03 |
| 3 | Fees Payable to Registrar to the Issue | 0.01 |
| 4 | Fees Payable to Advertising and Marketing Expenses | 0.04 |
| 5 | Fees Payable to Regulators including Stock Exchanges | 0.03 |
| 6 | Payment for Printing & Stationery, Distribution, Postage, etc. | 0.03 |
| 7 | Others (Fees Payable to Auditor, Legal Advisors, Brokerage*, Processing Fees* and Miscellaneous Expenses) | 0.09 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹22.00 |
| Low | ₹22.00 |
| High | ₹22.05 |
| Last Trade | ₹22.00 |
Lead Manager Reports
Gian Life Care IPO is a SME IPO of 14,16,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Dec 31, 2019, and closes on Fri, Jan 3, 2020.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Gian Life Care IPO using UPI as a payment gateway. Zerodha customers can apply in Gian Life Care IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gian Life Care IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gian Life Care IPO opens on Tue, Dec 31, 2019 and closes on Fri, Jan 3, 2020.
Gian Life Care IPO lot size is 6000, and the minimum amount required for application is ₹1,32,000.
You can apply in Gian Life Care 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 Gian Life Care IPO will be done on Wednesday, January 8, 2020, and the allotted shares will be credited to your demat account by Fri, Jan 10, 2020. Check the Gian Life Care IPO allotment status.
The Gian Life Care IPO listing date is on Mon, Jan 13, 2020.
