Gian Lifecare IPO description – Gian Lifecare is primarily engaged in the business of providing diagnostic and related healthcare tests and services in Kanpur and nearby areas. The company provides a broad range of diagnostic and related healthcare tests and services such as, patient diagnosis services and prevention and wellness diagnosis services to its patients and healthcare providers. Its customers include individual patients, hospitals, other healthcare providers and corporate customers.
The diagnostic center under the name of “M/s. Gian Pathology and X-Rays” was first established in Kanpur in the year 1995 by Mr. Arun Kumar Gupta (MD Pathology) which has been taken-over by the company. Mr. Arun Kumar Gupta completed his degree in Pathology from G.S.V.M. Medical College in Kanpur. The laboratory has taken the shape of a big diagnostic center that has its 2 branches across Kanpur and collection center in its adjoining districts.
The company offers a broad range of approximately 1,344 tests as of 31 March 2019, including various tests ranging from biochemistry, clinical pathology, coagulation, cytogenetics, cytology, hematology, histopathology, immunoassay, microbiology, molecular biology and radiology services.
Gian Lifecare promoters – Mr Arun Kumar Gupta
Gian Lifecare – Upcoming IPO details
| Subscription Dates | 31 December 2019- 3 January 2020 |
| IPO Price band | INR22 per share |
| Fresh issue | 1,416,000 shares (INR3.12 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,416,000 shares (INR3.12 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Minimum investment | INR132,000 |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- To open processing center in nearby cites of Kanpur (Jhansi, Banda, Faizabad, Unnao) – INR1.03 crore
- To purchase advanced machinery and equipment – INR1.24 crore
- Repayment/pre-payment, of certain borrowings availed by the company – INR0.95 crore
- Working Capital Requirements
- General Corporate Purpose
- Issue Expenses
Gian Lifecare’s financial performance (in INR lakh)
| 6 Nov 2018 – 31 Mar 2019 | 1 Apr – 30 April 2019 | |
| Total revenue | 56.32 | 55.92 |
| Total expenses | 42.74 | 43.65 |
| Profit after tax | 10.04 | 9.08 |
Gian Lifecare Contact Detail
Gian Lifecare Limited
7/216 (6), Swaroop Nagar
Kanpur
Uttar Pradesh – 208002
Phone: +91 0512-2531860
Email: [email protected]
Website: www.gianpathlabs.com
Gian Lifecare IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.07 |
| Day 2 | 0.85 |
| Day 3 | 0.91 |
| Day 4 | 1.27 |
Gian Lifecare Valuation (For Truncated FY2019)
Earnings Per Share (EPS): INR0.31
Price/Earnings (P/E) ratio: 70.97
Return on Net Worth (RONW): 90.94%
Net Asset Value (NAV): INR10.62 per share (as of 30 Apr 2019)
Registrar of Gian Lifecare IPO
Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email: [email protected]
Website: http://www.cameoindia.com
Gian Lifecare IPO Allotment Status
Gian Lifecare IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Listing performance of Gian Lifecare
IPO Opening Date: 31 December 2019
IPO Closing Date: 3 January 2020
Finalisation of Basis of Allotment: 8 January 2020
Initiation of refunds: 9 January 2020
Transfer of shares to demat accounts: 10 January 2020
Listing Date: 13 January 2020
Listing Price on BSE SME: INR22 per share (no change from IPO price)
Closing Price on BSE SME: INR22 per share (no change from IPO price)
