IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size37,92,000 shares (aggregating up to ₹15.17 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 04 Aug 2023
Subscription CloseTue, 08 Aug 2023
Anchor AllotmentThu, 03 Aug 2023
Basis of AllotmentFri, 11 Aug 2023
Initiation of RefundsMon, 14 Aug 2023
Credit of Shares to DematWed, 16 Aug 2023
Listing DateThu, 17 Aug 2023
UPI Mandate Deadline2023-08-08
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
EPS (Pre-IPO)₹3.47
P/E Ratio (Pre-IPO)37.03x
Net Offer to Public36,00,000 shares (aggregating up to ₹14.40 Cr)
Reserved for Market Maker1,92,000 shares (aggregating up to ₹0.7680 Cr)
Pre-IPO Promoter Holding99,84,990 shares
Post-IPO Promoter Holding1,37,76,990 shares
About Sangani Hospitals Ltd.
Incorporated in 2021, Sangani Hospitals Limited is a healthcare organization. They embarked on their journey in 2001 with the establishment of Sangani Hospital in Keshod. Sangani Hospitals is a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat.Sangani Hospitals is promoted by Dr. Ajaykumar Natwarlal Sangani, MBBS, DLO & MS(E.N.T.), and his brother Dr. Rajeshkumar Natwarlal Sangani, MBBS & MD. They have been in the medical practice for nearly two decades.The organization offers its specialty in a variety of departments and unit, including-ENT Department, OBST-Gynec Department, Dialysis unit, Orthopedic Department, Joint Replacement, General Surgery Department, Urosurgery, Trauma unit, Dental Surgery Department, Physiotherapy unit, laparoscopic surgery, and so on.Sangani Hospitals at present offers its specialty services and other support services out of two hospitals i.e. Sangani Hospital at Keshod, Junagadh, Gujarat and Sangani Super Speciality Hospital, Veraval, Gujarat.
Objects of the Issue
Sangani Hospitals Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To carry out the capital expenditure for expansion in Sangani Hospital at Keshod, Gujarat
8.10
2
To carry out the capital expenditure for expansion in Sangani Super Speciality Hospital at Veraval, Gujarat
3.19
3
General corporate purposes
1.61
Shareholding & Lock-in
Pre-IPO Promoter Holding
99,84,990 shares
Post-IPO Promoter Holding
1,37,76,990 shares