Bookbuilding IPO | ₹15 Cr | Listed at NSE SME | Fri, Aug 4, 2023 - Tue, Aug 8, 2023
Sangani Hospitals IPO is a book build issue of ₹15.17 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹15.17 crore.
Sangani Hospitals IPO bidding started from Aug 4, 2023 and ended on Aug 8, 2023. The allotment for Sangani Hospitals IPO was finalized on Aug 11, 2023. The shares got listed on NSE SME on Aug 17, 2023.
Sangani Hospitals IPO price band is set at ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Unistone Capital 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 Rikhav Securities Ltd..
Refer to Sangani Hospitals IPO RHP for detailed Information.
IPO Open
Fri, Aug 4, 2023
IPO Close
Tue, Aug 8, 2023
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹55.11 Cr
| IPO Date | 4 to 8 Aug, 2023 |
| Listed on | Thu, Aug 17, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹37 to ₹40 |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 37,92,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,92,000 shares Rikhav Securities Ltd. (agg. up to ₹0.7680 Cr) |
| Fresh Issue (Ex Market Maker) | 36,00,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 36,00,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 99,84,990 shares |
| Share Holding Post Issue | 1,37,76,990 shares |
| NSE Symbol | SANGANI |
| ISIN | INE0OVI01010 |
Sangani Hospitals IPO comprises a total issue size of 37,92,000 shares. The net offer to the public is 36,00,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 3,60,000 (10.00%) are allocated to QIB, 16,20,000 (45.00%) allocated to NII 16,20,000 (45.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 3,60,000 | 10.00% | 9.49% |
| NII (HNI) Shares Offered | 16,20,000 | 45.00% | 42.72% |
| Retail Shares Offered | 16,20,000 | 45.00% | 42.72% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.06% | |
| Total Shares Offered | 37,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2021, Sangani Hospitals Limited is a healthcare organization. They embarked on their journey in 2001 with the establishment of Sangani Hospital in Keshod. Sangani Hospitals is a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat.
Sangani Hospitals is promoted by Dr. Ajaykumar Natwarlal Sangani, MBBS, DLO & MS(E.N.T.), and his brother Dr. Rajeshkumar Natwarlal Sangani, MBBS & MD. They have been in the medical practice for nearly two decades.
The organization offers its specialty in a variety of departments and unit, including-
ENT Department, OBST-Gynec Department, Dialysis unit, Orthopedic Department, Joint Replacement, General Surgery Department, Urosurgery, Trauma unit, Dental Surgery Department, Physiotherapy unit, laparoscopic surgery, and so on.
Sangani Hospitals at present offers its specialty services and other support services out of two hospitals i.e. Sangani Hospital at Keshod, Junagadh, Gujarat and Sangani Super Speciality Hospital, Veraval, Gujarat.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 19.59 | 7.05 | 2.99 | 3.30 |
| Total Income | 15.76 | 4.21 | 4.98 | 4.46 |
| Profit After Tax | 1.48 | 1.05 | 0.79 | 0.23 |
| NET Worth | 17.97 | 5.02 | 1.69 | 1.83 |
| Reserves and Surplus | 7.99 | 1.07 | 1.69 | |
| Total Borrowing | 0.10 | 0.35 | 0.35 | |
| 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 carry out the capital expenditure for expansion in Sangani Hospital at Keshod, Gujarat | 8.10 |
| 2 | To carry out the capital expenditure for expansion in Sangani Super Speciality Hospital at Veraval, Gujarat | 3.19 |
| 3 | General corporate purposes | 1.61 |
| KPI | |
|---|---|
| ROCE | 11.26% |
| RoNW | 35.75% |
| PAT Margin | 9.47% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.47 | |
| P/E (x) | 37.03 | |
| Promoter Holding | 100.00% | |
| Market Cap | ₹55.11 Cr. |
The Sangani Hospitals IPO is subscribed 4.54 times on August 8, 2023 7:29:00 PM (Day 3). The public issue subscribed 6.17 times in the retail category, 11.42 times in the QIB category, and 1.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 11.42 | 3,60,000 | 41,10,000 |
| NII* | 1.38 | 16,20,000 | 22,35,000 |
| Retail | 6.17 | 16,20,000 | 99,96,000 |
| Total | 4.54 | 36,00,000 | 1,63,41,000 |
Total Application : 3,332
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue relating expenses such as fees to Book Running Lead Manager Fixed Fee, Registrar to the Issue, Legal Advisors, Auditors, statutory advertisements and other expenses incurred / to be incurred including promotional expenses | 0.48 |
| 2 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.69 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees, other regulatory expenses and sundry expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹44.00 |
| Low | ₹41.80 |
| High | ₹44.50 |
| Last Trade | ₹41.85 |
Lead Manager Reports
Sangani Hospitals IPO is a SME IPO of 37,92,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Aug 4, 2023, and closes on Tue, Aug 8, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sangani Hospitals IPO using UPI as a payment gateway. Zerodha customers can apply in Sangani Hospitals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sangani Hospitals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sangani Hospitals IPO opens on Fri, Aug 4, 2023 and closes on Tue, Aug 8, 2023.
Sangani Hospitals IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Sangani Hospitals 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 Sangani Hospitals IPO will be done on Friday, August 11, 2023, and the allotted shares will be credited to your demat account by Wed, Aug 16, 2023. Check the Sangani Hospitals IPO allotment status.
The Sangani Hospitals IPO listing date is on Thu, Aug 17, 2023.
