IPO Issue Details
Issue Price / Price Band₹22 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size14,16,000 shares (aggregating up to ₹3.12 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 31 Dec 2019
Subscription CloseFri, 03 Jan 2020
Anchor AllotmentMon, 30 Dec 2019
Basis of AllotmentWed, 08 Jan 2020
Initiation of RefundsThu, 09 Jan 2020
Credit of Shares to DematFri, 10 Jan 2020
Listing DateMon, 13 Jan 2020
UPI Mandate Deadline2020-01-03
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 6,000 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 12,000 shares
P/E Ratio (Pre-IPO)21.36x
Net Offer to Public13,44,000 shares (aggregating up to ₹2.96 Cr)
Reserved for Market Maker72,000 shares (aggregating up to ₹0.1584 Cr)
Pre-IPO Promoter Holding32,84,694 shares
Post-IPO Promoter Holding47,00,694 shares
About Gian Life Care Ltd.
Incorporated in 2018, Kanpur (UP) based 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.The company offers over 1,344 tests including biochemistry, clinical pathology, coagulation, cytogenetics, cytology, hematology, histopathology, immunoassay, microbiology, molecular biology, and radiology services.Gian Life is NABL accredited and ISO 9001:2015 certified company. It has 59 full-time employees.
Objects of the Issue
Gian Life Care Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To open processing center in nearby cites of Kanpur (Jhansi, Banda, Faizabad, Unnao)
0.86
2
2 To purchase advanced machinery and equipment
1.00
3
3 Repayment/pre-payment, of certain borrowings availed by the Company
0.79
Shareholding & Lock-in
Pre-IPO Promoter Holding
32,84,694 shares
Post-IPO Promoter Holding
47,00,694 shares