Sangani Hospitals IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Sangani Hospitals IPO will open on August 4 and close on August 8, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 15.17 crores through this public offering, consisting of 37.92 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹37 to ₹40 per share.
Sangani Hospitals Limited (“the Company”)
Sangani Hospitals Limited was incorporated in 2021. They are a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat with a combined bed capacity of 68 beds.
Its services primarily include super specialty services, specialty services, and other support services. They also operate a pathology laboratory and a medical store. Currently, they operate out of two hospitals: Sangani Hospital at Keshod, Junagadh, Gujarat, and Sangani Super Speciality Hospital, Veraval, Gujarat.
Sangani Hospital is a 36-bed multi-specialty hospital with primary, secondary, and tertiary care facilities.
Both our hospitals offer a comprehensive range of healthcare services in specialties and super specialties, including cardiac sciences, neurosciences, orthopedics, renal sciences, and mother and child care.
Currently, their primary focus is the Gujarat healthcare market where they have an understanding of regional nuances, customer culture, and the mindset of medical professionals and where there is a significant need for quality and affordable healthcare services.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- To carry out the capital expenditure for expansion at Sangani Hospital at Keshod, Gujarat
- To carry out the capital expenditure for expansion at Sangani Super Speciality Hospital at Veraval, Gujarat
- General corporate purposes
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1,797 | 502 | 169 | 183 |
| Total Assets | 1,959 | 705 | 299 | 330 |
| Reserve & Surplus | 799 | 107 | 169 | – |
| Total Borrowings | 10 | – | 35 | 35 |
| Total Revenue | 1,576 | 421 | 498 | 446 |
| Profit After Tax | 148 | 105 | 79 | 23 |
IPO details
As per the DRHP filed with SEBI, 37.92 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 1.92 lakh shares of the offering. While Unistone Capital Pvt Ltd will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered by building the book.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 37 to ₹ 40 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 Shares |
| Issue Size | 3,792,000 shares (aggregating up to ₹ 15.17 crores) |
| Fresh Issue | 3,792,000 shares (aggregating up to ₹ [.] crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Rikhav Securities |
| Market maker portion | 192,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | 360,000 (9.49%) |
| NII (HNI) shares offered | 1,620,000 (42.72%) |
| Retail shares offered | 1,620,000 (42.72%) |
| Market maker shares offered | 192,000 (5.06%) |
| Total | 3,792,000 (100%) |
GMP: Sangani Hospitals IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Sangani Hospitals IPO
The issue opens for subscription on August 4, 2023, and closes for subscription on August 8, 2023 (both days inclusive). The basis of allotment will be finalised on August 11, 2023, and the refunds will be initiated on August 14, 2023. In addition, the demat credits are expected to happen on August 16, 2023, and the stock will be listed on the NSE SME on August 17, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | August 4, 2023, |
| Closing Date | August 8, 2023 |
| Basis of Allotment | August 11, 2023 |
| Initiation of Refunds | August 14, 2023 |
| A credit of shares to Demat A/c | August 16, 2023 |
| Listing Date | August 17, 2023 |
Lot Size
The lot size of the Sangani Hospitals IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of ₹ 120,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 120,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 120,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 240,000 |
Promoters Holdings
Dr. Ajaykumar Sangani, Dr. Rajeshkumar Sangani, Kamalkumar Sangani and Dr. Vaishali Sangani are the promoters of the company.
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Sangani Hospitals Limited Sainath Society, Opp. S. T., KSD T, Village – Keshod, Taluka – Keshod, Junagadh – 362220 Phone: 02871-23 5900 Email: cs@sanganihospitals.com Website: http://www.sanganihospitals.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ |
| IPO Lead Manager(s) | Unistone Capital Pvt Ltd |
FAQs
The Sangani Hospitals IPO price is ₹ 37 to ₹ 40 per share.
The minimum investment size is one lot for retail investors. One lot of the Sangani Hospitals IPO contains 3,000 shares of ₹ 120,000.
The finalisation of the basis of allotment for the Sangani Hospitals IPO will be done on August 11, 2023, and the allotted shares will be credited to your demat account by August 16, 2023. Check the Sangani Hospitals IPO allotment status.
The Sangani Hospitals IPO shares listing date is August 17, 2023.
