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.
| Bidding Dates |
|---|
| 31 Dec 2019 - 03 Jan 2020 |
| Subscription |
|---|
| 1.34x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 6000 | 1.4 M | ₹22 | 69.88 % | ₹31.2 M | RHP DOC |
Gian Life Care IPO SUBSCRIPTION STATUS
03 Jan '20Gian Life Care IPO overall subscription rate was 1.34 times the total available shares
Gian Life Care IPO retail subscription rate was 0.78 times in the retail segment
Gian Life Care IPO non-institutional investor subscription rate was 1.91 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
03 Jan 2020 (Day 4) | 0.78x | 1.91x | - |
31 Dec 2019 (Day 1) | 0.02x | 0.13x | - |
01 Jan 2020 (Day 2) | 0.06x | 1.64x | - |
02 Jan 2020 (Day 3) | 0.24x | 1.68x | - |
Gian Life Care FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 3MFY20 | 3.4 | 18.0 | -8.5 | -8.6 |
| FY19 | 0.7 | 5.6 | 29.9 | 0.6 |
Gian Life Care IPO SUBSCRIPTION STATUS DETAILS
Gian Life Care had 1.4 M shares on offer
Gian Life Care IPO offer price was ₹22
Gian Life Care IPO minimum Investment was ₹132000
Gian Life Care IPO issue size was ₹ 31.2 M
Gian Life Care had a minimum lot size of 6000 Shares per application
Gian Life Care NUMBER OF SHARES ON OFFER
Gian Life Care IPO IMPORTANT DATES
| Issue Open Date | 31 Dec 2019 |
| Issue close Date | 03 Jan 2020 |
| Allotment Date | 08 Jan 2020 |
| Refund Date | 09 Jan 2020 |
| Demat Account Credit Date | 10 Jan 2020 |
| Listing Date | 13 Jan 2020 |
| Listing on Exchange(s) | BSE |
| Gian Life Care Allotment Status | Exchange |
Gian Life Care IPO subscription opened on 31 Dec 2019, and closed on 03 Jan 2020
IPO allotment for Gian Life Care was finalized on Wednesday, 08 Jan 2020
IPO listing for Gian Life Care was on BSE on Monday, 13 Jan 2020
Gian Life Care IPO LISTING GAINS
| Issue Price (adjusted) | 22.0 |
| Listing Open Price | 22.0 |
| Listing Close Price | 22.0 |
| Listing Gain% | 0.0% |
| Current Gain% | -78.6% |
Gian Life Care Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gian Life Care Ltd. | 4.7 | 2.2 | -5.1 | 0 | 1.3 | -0.2 | -0.1 | 6.9 | -50 | 0 | -100.9 | -0.9 | -135.4 |
| Dr. Lal Pathlabs Ltd. | 1931.6 | 32421.7 | 59.8 | 10.7 | 11.2 | 20.1 | 16 | 2864.2 | 12.1 | 504.8 | 3.6 | 32.3 | 5.6 |
| Inventurus Knowledge Solutions Ltd. | 1737.7 | 29814.3 | 39 | 1 | 8.9 | 25.8 | 16.9 | 3211 | 18.8 | 721.6 | 48.4 | 44.5 | 40.9 |
| Vijaya Diagnostic Centre Ltd. | 1351.1 | 13916 | 74.2 | 3 | 16.2 | 18.1 | 11.5 | 835 | 19.3 | 173 | 20.9 | 18.2 | 24.9 |
| Indegene Ltd. | 554.4 | 13357.5 | 33.3 | -4.2 | 3.5 | 12.8 | 8.7 | 3582.5 | 21.6 | 401.1 | -1.4 | 16.6 | -7.9 |
| Metropolis Healthcare Ltd. | 563.2 | 11680.1 | 57.9 | 1.8 | 6.8 | 12.6 | 8.9 | 1671.4 | 24.1 | 190 | 31.1 | 9.7 | 32.6 |
Gian Life Care INFORMATION ON IPO ISSUE
About Gian Life Care
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.
Object of the Issue
- To open processing center in nearby cites of Kanpur (Jhansi, Banda, Faizabad, Unnao)
- To purchase advanced machinery and equipment
- Repayment/pre-payment, of certain borrowings availed by the Company
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Gian Life Care - PROMOTERS
| Name |
|---|
| Arun Kumar Gupta |
Gian Life Care Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Gian Life Care Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Gian Life Care Strengths
Wide range of specialized tests with an emphasis on wellness and preventive healthcare.
The company offers a wide range of test and diagnostic services with more emphasis on preventive healthcare and wellness-related tests, which allows us to cater to the differing needs of the patients
Location of our Main Laboratory
The main laboratory at Swaroop Nagar is strategically located in Kanpur, Uttar Pradesh. The laboratory is located in close proximity to some major hospitals and health care service providers which provides an added advantage for the customer approaching for medical tests and other diagnostic services
Experienced leadership team with strong industry expertise and successful track record.
The company has a strong and dedicated team with the required skill sets which are required for the fast growth of the business. The members of the management team have experience in the healthcare industry, and, under their leadership, have grown rapidly and increased both the productivity and efficiency of services.
Gian Life Care Risks
Business depends on goodwill, reputation and customer perception
The company's goodwill and reputation are critical for the success of our business and operations. The ability to maintain and improve reputation is dependent on factors such as quality, accuracy and efficiency of clinical laboratory tests, turnaround time, patient satisfaction, frequency in the introduction of new tests and services and ability to maintain strong relationships with doctors and vendors.
Operations are concentrated mainly in Kanpur
Operations are concentrated mainly in Kanpur, and any loss of business in such regions could have an adverse effect on business, results of operations and financial condition
IPO FAQs
The promoter of the company is Arun Kumar Gupta.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 22.0 - 22.0.
The IPO application opens on Dec 31, 2019 and closes on Jan 03, 2020.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Jan 08, 2020.
The refund will be credited to your account on Jan 09, 2020.
The allotted shares will be credited to your demat on Jan 10, 2020.
Gian Life Care Ltd.’s shares listed on the stock exchanges on Jan 13, 2020.