Sangani Hospitals IPO

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 nameSangani Hospitals Limited
IndustryHospital & Healthcare services
Company Website

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 date04 August 2023
IPO Closing08 August 2023
Basis of Allotment11 August 2023
Initiation Refund14 August 2023
Credit to Demat Account16 August 2023
Listing Date17 August 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹15.17 Cr – 3,792,000 shares
Fresh Issue₹15.17 Cr – 3,792,000 shares
Offer for saleNil
Face value₹10 per share
Price Band₹37 to ₹40 per share
Lot size3000 Shares
Market Maker portion192,000 shares
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)13000₹120,000
Retail (Max)13000₹120,000
HNI (Min)26,000₹240,000

Reservation Details

QIB Shares Offered10%
NII (HNI) Shares Offered45%
Retail Shares Offered45%

Financial Performance

 FY 20211 Apr – 13 Dec FY 202214 Dec – 31 Mar FY 2022FY 2023
Net income78.96114.06105.35148.37
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio24.83 – 26.85
RONW (%)44.8465.4612.91
ROCE (%)55.7155.2011.26
EBITDA (%)24.1029.7620.08

Company Promoters

  • Dr. Ajaykumar Sangani
  • Dr. Rajeshkumar Sangani
  • Kamalkumar Sangani
  • Dr. Vaishali Sangani

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Lead Manager(s)

A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone:+91 98200 57533

IPO Registrar

S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200

Contact Details

Sainath Society, Opp. S. T., KSD T, Village – Keshod,
Taluka – Keshod, Junagadh – 362220, Gujarat, India
Phone: 02871-23 5900

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

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