Sangani Hospitals Limited IPO : Key Dates

Sangani Hospitals Limited IPO is set to launch on 4 August, 2023. The company initiated its business operations in the year 2021. The company is a healthcare organisation. However the business journey of the hospital began in 2001. Its speciality is OBST-Gynec Department, ENT Department, Orthopaedic Department, Dialysis Unit, General Surgery Department, Joint Replacement, Trauma Unit, Urosurgery, Physiotherapy Unit, Dental Surgery Department, Laparoscopic Surgery etc. Its facilities are located in Keshod and Veraval.

Sangani Hospitals Limited IPO DETAILS

Sangani Hospitals Limited IPO is set to launch on 4 August, 2023. The subscription timeline extends till 8 August, 2023. The size for the IPO is 15.17 Crore Rs. Shares issued through fresh issue mode are worth 15.17 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 37 Rs to 40 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Bigshare Services Private Limited.

Tabular Description of Sangani Hospitals Limited IPO

IPO OPENING DATE	4 August, 2023
CLOSING DATE FOR IPO	8 August, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	37 Rs to 40 Rs per share
LOT SIZE	3000 shares
MINIMUM ORDER QUANTITY	3000 shares
ISSUE SIZE	15.17 Crore Rs.
OFFER FOR SALE	No share offered through Offer for sale mode
FRESH ISSUE	15.17 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	17 August, 2023

Sangani Hospitals Limited IPO : IMPORTANT DATES

IPO OPENING DATE	4 August, 2023
CLOSING DATE FOR IPO	8 August, 2023
IPO ALLOTMENT DATE	11 August, 2023
REFUNDS	14 August, 2023
DEMAT A/C CREDITED ON	16 August, 2023
IPO LISTING DATE	17 August, 2023

Sangani Hospitals Limited IPO begins for subscription from 4 August, 2023. The IPO subscription would continue till 8 August, 2023. The allotment status for the shareholders who applied would come on 11 August, 2023. The refunds for the ones who did not get allotment would be initiated on 14 August, 2023. The DEMAT accounts of shareholders would be credited on 16 August, 2023. The listing of the company would be completed on 17 August, 2023.

Sangani Hospitals Limited IPO : Lead Managers

The lead managers are :

• Unistone Capital Private Limited

The minimum lot size for the company is decided at 3000 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	3000 shares	120000 Rs.
Maximum	6000 shares	240000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The IPO money will also be used for expansion in Keshod and Veraval.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	299	705	1959
Revenue	498	420	1576
PAT	79	105	148

Sangani Hospitals Limited had an asset base of 299 Lakh Rs in 2021 which increased to 705 Lakh Rs in 2022. The assets of the frim were 1959 Lakh Rs  in 2023 which is more than 1250 Lakh Rs increase in the same in comparison to 2021. The revenue of the company was 498 Lakh Rs in 2021 which decreased to 420 Lakh Rs in 2022. However in 2023 the revenue increased by more than 2.5 times to 1576 Lakh Rs. The profit of the firm has been consistently increasing. The profit in the year 2021 was 79 Lakh Rs which increased to 105 Lakh Rs in 2022. PAT of the company was 148 Lakh Rs in the year 2023.

PROS

• The business journey of the hospital began in 2001. Hence it has an experience of more than 2 decades.
• Its speciality is OBST-Gynec Department, ENT Department, Orthopaedic Department, Dialysis Unit, General Surgery Department, Joint Replacement, Trauma Unit, Urosurgery, Physiotherapy Unit, Dental Surgery Department, Laparoscopic Surgery etc.
• Its facilities are located in Keshod and Veraval.

CONS

• The company works in a highly competitive segment.

Sangani Hospitals Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Sangani Hospitals Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.