Sangani Hospitals IPO will open for subscription from 04 August 2023. the company aims for an issue size of ₹15.17 Cr through this IPO.
Company Overview
| Full name | Sangani Hospitals Limited |
| Sector | Healthcare |
| Industry | Hospital & Healthcare services |
| Company Website | https://sanganihospitals.com/ |
About Company
Incorporated in 2021, Sangani Hospitals is a healthcare organization founded by Dr. Ajaykumar Sangani. It started its journey with the establishment of Sangani Hospital in Keshod in the year 2001. Sangani Hospitals is a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat with a combined bed capacity of 68 beds.
The hospital has been certified with ISO 9001:2015 for quality management systems for the scope of services that includes MD-ICU, ICCU, ECHO-TMT, Dialysis, Orthopaedic Department, PFT, EECP, Diabetic, Clinic, ENT- EAR, NOSE, Throat Head & Neck Surgery, Laser Surgery, Trauma Unit, Endoscopy, Audiology, Vertigo Clinic, OBST & Gynee-USG-Doppler, Normal Delivery, Joint Replacement Facility, Gynec Surgery, Infertility Clinic, Radiology Unit – Xray, Sonography, CT Scan, General Surgery, all type of general surgery, Dental Surgery, Uro Surgery, and hospital services.
Currently, the company operates out of two hospitals i.e. Sangani Hospital at Keshod, Junagadh, Gujarat, and Sangani Super Speciality Hospital, Veraval, Gujarat.
The Objective of the Issue
- To carry out the capital expenditure for expansion in Sangani Hospital at Keshod, Gujarat
- To carry out the capital expenditure for expansion in Sangani Super Speciality Hospital at Veraval, Gujarat
- General corporate purposes
IPO Timetable
| IPO Opening date | 04 August 2023 |
| IPO Closing | 08 August 2023 |
| Basis of Allotment | 11 August 2023 |
| Initiation Refund | 14 August 2023 |
| Credit to Demat Account | 16 August 2023 |
| Listing Date | 17 August 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹15.17 Cr – 3,792,000 shares |
| Fresh Issue | ₹15.17 Cr – 3,792,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹37 to ₹40 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 192,000 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
Reservation Details
| QIB Shares Offered | 10% |
| NII (HNI) Shares Offered | 45% |
| Retail Shares Offered | 45% |
Financial Performance
| FY 2021 | 1 Apr – 13 Dec FY 2022 | 14 Dec – 31 Mar FY 2022 | FY 2023 | |
| Revenue | 497.29 | 607.82 | 420.50 | 1566.79 |
| Expenses | 392.70 | 456.61 | 278.54 | 1374.69 |
| Net income | 78.96 | 114.06 | 105.35 | 148.37 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 4.68 | 5.85 | 1.49 |
| PE ratio | – | – | 24.83 – 26.85 |
| RONW (%) | 44.84 | 65.46 | 12.91 |
| NAV | – | – | 10.0 |
| ROCE (%) | 55.71 | 55.20 | 11.26 |
| EBITDA (%) | 24.10 | 29.76 | 20.08 |
| Debt/Equity | 0.20 | 0.08 | 0.01 |
Company Promoters
- Dr. Ajaykumar Sangani
- Dr. Rajeshkumar Sangani
- Kamalkumar Sangani
- Dr. Vaishali Sangani
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Lead Manager(s)
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone:+91 98200 57533
Email: mb@unistonecapital.com
Website: www.unistonecapital.com
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
SANGANI HOSPITALS LIMITED
Sainath Society, Opp. S. T., KSD T, Village – Keshod,
Taluka – Keshod, Junagadh – 362220, Gujarat, India
Phone: 02871-23 5900
E-mail: cs@sanganihospitals.com
Website: www.sanganihospitals.com
Allotment Status
Sangani Hospital IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Sangani Hospitals IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
