Nidan Laboratories IPO description – Nidan was established as a proprietary Firm in 1994 by Dr Nitin Vithalrao Throve in the Northern District of Mumbai. The business was carried out under sole proprietorship, which was later taken over by the company in 2000. From the year 2000, he expanded the diagnostic’s business and currently, the company has 30 diagnostics cum collection centers under the brand name of “Nidan Healthcare” and offers radiology, neurology, cardiology, dental as well as pathology services. As on March 31, 2021, it offers a comprehensive range of approximately 740 routine and 3,000 specialized pathology tests and approximately 220 basic and 320 advanced radiology tests that cover a range of specialties and disciplines.
The former medical directors like Dr. Shailesh Barrot, a renowned pediatrician in Mumbai and Dr. Suresh Sonawane, a senior physician remained instrumental in growth of the company. Dr. Ashish Jain, a Senior Radiologist has served the company as the CEO of Nidan Healthcare since 2000 till 2019. As on March 31, 2021, its diagnostic services are provided by a medical professional team consisting of 94 laboratory doctors, radiologists, physicians and 256 well-trained technical staff in its operational network. As of June 30, 2021, all of its centers are Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) accreditations.
Nidan’s test menu includes pathology tests ranging from basic biochemistry and clinical pathology to cytogenetic and high-end molecular diagnostic tests, and radiology tests ranging from basic echocardiograms, X-Rays and ultrasounds to advanced radiology tests including computerized tomography (CT) scans, magnetic resonance imaging (MRI) scans. It also offers a broad spectrum of health and wellness packages to its customers as per their requirements.
Promoters of Nidan Laboratories – Dr Nithin Vitthalrao Thorave
Nidan Laboratories IPO details
| Subscription Dates | 28 October – 2 November 2021 |
| Price Band | INR125 per share |
| Fresh issue | 4,000,000 shares (INR50 crore) |
| Offer For Sale | Nil |
| Total IPO size | 4,000,000 shares (INR50 crore) |
| Minimum bid (lot size) | 1,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Nidan Laboratories’ Financial Performance (in INR lakh)
| FY2019 | FY2020 | FY2021 | Q1 FY2022 | |
| Revenue | 2,097.2 | 2,219.2 | 2,185.3 | 784.6 |
| Expenses | 2,074.9 | 2,147.7 | 1,855.1 | 644.3 |
| Net income | 22.4 | 71.5 | 230.2 | 108.7 |
Nidan Laboratories IPO News
Nidan Laboratories Valuation (as of FY2021)
Earnings Per Share (EPS): INR2.32
Price/Earnings (PE ratio): 53.88
Return on Net Worth (RONW): 0.17%
Net Asset Value (NAV): INR13.46 per share
Nidan Laboratories IPO GMP Daily Trend
| Date | Nidan Laboratories IPO GMP | Kostak | Subject to Sauda |
Nidan Laboratories IPO Subscription Details (no. of times)
| Category | Non-retail | Retail | Total |
| Shares Offered | 21,00,000 | 19,00,000 | 40,00,000 |
| Day 1 | 0.01 | 1.13 | 0.54 |
| Day 2 | 0.02 | 1.81 | 0.87 |
| Day 3 | 0.12 | 2.74 | 1.37 |
| Day 4 | 0.14 | 3.44 | 1.71 |
Nidan Laboratories and Healthcare IPO Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road Marol, Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Nidan Laboratories Contact Details
Nidan Laboratories and Healthcare Limited
Swapnshilpa, Behind Aarti Apartment
Vartak Road, Virar (West) – 401303
Palagar, Maharashtra
Phone: +91 8975610000
Email: [email protected]
Website: www.nidanhealthcare.co.in
Nidan Laboratories IPO Allotment Status
Nidan Laboratories IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.
Nidan Laboratories and Healthcare IPO Timetable
IPO Opening Date: 28 October 2021
IPO Closing Date: 2 November 2021
Finalisation of Basis of Allotment: 9 November 2021
Initiation of refunds: 10 November 2021
Transfer of shares to demat accounts: 11 November 2021
Listing Date: 12 November 2021
Opening Price on NSE: INR 123.9 per share (down 0.88% from IPO price)
Closing Price on NSE: INR 117.75 per share (down 5.80% from IPO price)
Nidan Laboratories IPO FAQs
What are investors portions in Nidan Labs IPO?
Retail investors are entitled to get 50% of the shares while the other 50% shares are reserved for individual applicants other than retail investors and corporate bodies or institutions.
How to Apply in Nidan Labs IPO?
The best way to apply in Nidan Labs IPO is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Nidan Labs IPO size?
Nidan Labs offer size is INR50 crores.
What is Nidan Labs IPO Price Band?
Nidan Laboratories IPO Price is INR125 per share.
What is the lot size of Nidan Labs IPO?
Nidan Labs IPO lot size and the minimum order is 1,000 shares.
Nice shares I like it
Investors r getting robbed by these a–oles. Nidan lab IPO is a big scam.Other Ipo listings are doing well today. Made a big mistake in investing in this scam.
I am surprised to see lower circuit since two days when Other Ipo listings are doing well. Pure scam from Nidan healthcare and Nidan Laboratories.
#Nidanhealthcarescam #NidanLaboratoriesscam
nidan laboratories and healthcare limited is a big f-aud company. They looted retail investors money through IPO and hitting lower circuit from the day of listing. nidan laboratories and healthcare limited company share will be a penny stock in few weeks.
Dont ever invested on companies falls under SME segment .