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Nidan Laboratories and Healthcare IPO Details

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Nidan Laboratories IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents


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About Nidan Laboratories and Healthcare

Nidan was established as a proprietary Firm in 1994 by the Promoter- Dr. Nitin Vithalrao Throve in the Northern District of Mumbai where diagnostic services was provided under one roof at reliable and affordable price. 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 by setting up various centre’s within the Northern District of Mumbai and Pune and Southern District of Pune.

As on this date, 30 diagnostic cum collection centres are operational under the brand name of “Nidan Healthcare” and offer radiology, neurology, cardiology, dental as well as pathology services. Out of the 35 Centre’s, 16 centre’s are under the Franchisee model where 1 centre acts as a fully operated diagnostic centre and 15 centre’s act solely as standalone collection centres.

Nidan provide integrated diagnostics services more than 1 million patients per year. Since 2000, private and government hospitals have been using the services and diagnostics centre’s for various pathology and radiology tests. After more than a decade of experience, Nidan Laboratories and Healthcare has successfully set the diagnostics centre in Asian Heart Hospital, Mumbai under the name of “Asian Nidan Imaging Centre”.

Nidan offer a comprehensive range of approximately 740 routine and 3000 specialized pathology tests and approximately 220 basic and 320 advanced radiology tests that cover a range of specialties and disciplines

Important Details – Nidan Laboratories and Healthcare

December 05, 2000The company was originally incorporated as Abhi Diagnostic Imagings Private Limited, Maharashtra.
February 26, 2021The name of the company was changed from “Abhi Diagnostic Imagings Private Limited” to “Nidan Laboratoris And Healthcare Private Limited”
May 24, 2021The company was converted into a public limited company and the name of the company was changed to ‘Nidan Laboratories And Healthcare Limited’

Objects of the Issue

  • Repayment / pre-payment, in full or in part, of certain borrowings availed by the company;
  • Additional Working Capital; and
  • General Corporate Expenses.

Nidan Laboratories and Healthcare Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in Lakhs)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 5,243.66 4,520.77 4,305.72
Total income 2,185.32 2,219.18 2,097.22
Total Expenses 1,855.09 2,147.72 2,074.87
Profit After Tax 230.24 71.46 22.35

Nidan Laboratories and Healthcare IPO Price – Details

DetailsNidan Healthcare IPO Details
Public IssueInitial Public Offer of up to 40,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 50 crores)
Issue Open  Date28-Oct-21
Issue Close Date02-Nov-21
Issue TypeFixed Price
IPO Price Band₹ 125
Face Value ₹ 10
Market Lot 1000 Equity Shares and in multiples thereof
Minimum Order Quantity 1000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Nidan IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum11000₹ 1,25,000
Maximum11000₹ 1,25,000

Nidan Laboratories and Healthcare IPO Lead Managers

  • First Overseas Capital Limited

Nidan Laboratories IPO Registrar

Nidan Laboratories and Healthcare IPO Allotment Date, Listing Date and other Important Dates

Bid / Offer Opens on28-Oct-21
Bid / Offer Closes on02-Nov-21
Finalisation of Basis of Allotment09-Nov-21
Initiation of refunds 10-Nov-21
Credit of the Equity Shares11-Nov-21
Listing Date12-Nov-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value Basic EPS (In Rs.)RONW (%)NAV
(₹ per share)
Nidan Laboratories and Healthcare Limited102.320.1713.46
Metropolis Healthcare Limited235.9725.912807.00
Dr Lal PathLabs Limited1035.3323.423704.95

Company Registered Office

Swapnshilpa, Behind Aarti Apartment,
Vartak Road, Virar (West) – 401303,
Palagar, Maharashtra, India;
Website: www.nidanhealthcare.co.in

Company Promoters

  • DR. Nitin Vithalrao Thorave

Nidan Laboratories and Healthcare IPO – FAQS

What is the Nidan Laboratories IPO Price?

The Nidan Laboratories IPO price band is 125 per share

When Nidan Laboratories IPO will open?

The Nidan Laboratories IPO opens on Oct 28, 2021 and closes on Nov 02, 2021

What is the lot size of Nidan Laboratories IPO?

The Nidan Laboratories IPO lot size is 1000 Equity Shares and the minimum order quantity is 1000 Equity Shares

Who is the Registrar for Nidan Laboratories IPO?

The Registrar for Nidan Laboratories IPO is Bigshare Services Private Limited

How to apply in Nidan Laboratories IPO through UPI?

Check the step by step process here – Click here

How to apply in Nidan Laboratories IPO through Zerodha?

Check the step by step process here – Click here

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