Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹22.00 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). The minimum lot size investment for 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 Date | December 31, 2019 to January 3, 2020 |
| Listing Date | January 13, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,16,000 shares (aggregating up to ₹3.12 Cr) |
| Reserved for Market Maker | 72,000 shares Shreni Shares Ltd. (aggregating up to ₹0.1584 Cr) |
| Net Offered to Public | 13,44,000 shares (aggregating up to ₹2.96 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 32,84,694 shares |
| Share Holding Post Issue | 47,00,694 shares |
Gian Lifecare IPO offers total 14,16,000 shares. Out of which 6,72,000 (47.46%) allocated to NII, 6,72,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 72,000 (5.08%) |
| NII (HNI) Shares Offered | 6,72,000 (47.46%) |
| Retail Shares Offered | 6,72,000 (47.46%) |
| Total Shares Offered | 14,16,000 (100.00%) |
Gian Life Care IPO opens on December 31, 2019, and closes on January 3, 2020.
| IPO Open Date | Tue, Dec 31, 2019 |
| IPO Close Date | Fri, Jan 3, 2020 |
| Tentative Allotment | Wed, Jan 8, 2020 |
| Initiation of Refunds | Thu, Jan 9, 2020 |
| Credit of Shares to Demat | Fri, Jan 10, 2020 |
| Tentative Listing Date | Mon, Jan 13, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 3, 2020 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,32,000 |
| Retail (Max) | 1 | 6,000 | ₹1,32,000 |
| HNI (Min) | 2 | 12,000 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (Rs in Lakhs) | |
|---|---|---|
| 30-June-19 | 31-Mar-19 | |
| Total Assets | 797.07 | 782.38 |
| Total Revenue | 182.25 | 56.32 |
| Profit After Tax | 33.85 | 6.94 |
The market capitalization of Gian Life Care IPO is ₹10.34 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 21.36 |
The Company Gian Life Care 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 | 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 |
[Dilip Davda] While diagnostic / healthcare service sector is flourishing and many new entrants are emerging, it is becoming a highly competitive segment. However, established big players may hold the key to the success of small ventures. Although based on super earnings of FY20 Q1, the issue appears attractively priced, but the sustainability of such performance going forward is a major concern. Considering all these, cash surplus - risk savvy investors may consider investment at their own risk. Read detail review...
| Listing Date | January 13, 2020 |
| BSE Script Code | 542918 |
| NSE Symbol | |
| ISIN | INE063601012 |
| Final Issue Price | ₹22 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹22.00 |
| Low | ₹22.00 |
| High | ₹22.05 |
| Last Trade | ₹22.00 |
Gian Life Care Ltd.
7/216 (6),
Swaroop Nagar,
Kanpur, Uttar Pradesh, 208002
Phone: + 91-0512-2531860
Email: info@gianpathlabs.com
Website: http://www.gianpathlabs.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Gian Life Care IPO is a SME IPO of 14,16,000 equity shares of the face value of ₹10 aggregating up to ₹3.12 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on December 31, 2019, and closes on January 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 December 31, 2019 and closes on January 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 Friday, January 10, 2020. Check the Gian Life Care IPO allotment status.
The Gian Life Care IPO listing date is on Monday, January 13, 2020.
Useful Articles
RHP