Gian Lifecare IPO is all about to make its debut on 31 Dec 2019, with an issue size of 3.12CR. Founded in 2018, Kanpur (UP) headquartered Gian Life Care Ltd is engaged in the business of providing diagnostic and related healthcare services. The business offers both patients and healthcare professionals a broad range of diagnostic tests and services, such as patient diagnosis services, and preventative, and wellness diagnostics services. Individual individuals, hospitals, businesses, and other healthcare providers are all served by the corporation.
Gian Life is an ISO 9001:2015-certified and NABL-accredited business. It employs 59 people full-time.
INDUSTRY OVERVIEW
The world economy has grown, according to the World Economic Status and Prospects (WESP) 2018 report. The short-term outlook for the global economy has improved over the past few months. It is anticipated that the global gross product will increase by 3.2% in 2018 and 2019. However, along with the acceleration of economic growth, risks to the outlook have increased, including the likelihood of trade wars between major economies, increased skepticism about the speed of monetary policy adjustment in the United States, high and rising levels of debt, and high asset valuations.
Gian Lifecare IPO Details
| IPO Date | Dec 31, 2019 to Jan 3, 2020 |
| Listing Date | Monday, January 13, 2020 |
| Face Value | ₹10 per share |
| Price | ₹22 per share |
| Lot Size | 6000 Shares |
| Issue Size | 1,416,000 shares of ₹10(aggregating up to ₹3.12 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 21.36 |
| Market Cap (₹ Cr.) | 10.34 |
Gian Lifecare IPO Tentative Timetable
| Event | Tentative Date |
| Opening Date | Dec 31, 2019 |
| Closing Date | Jan 3, 2020 |
| Basis of Allotment | Jan 8, 2020 |
| Initiation of Refunds | Jan 9, 2020 |
| Credit of Shares to Demat | Jan 10, 2020 |
| Listing Date | Jan 13, 2020 |
Company Financials
| Particulars | For the year/period ended (Rs in Lakhs) | |
| 30-June-19 | 31-Mar-19 | |
| Total Assets | 797.07 | 782.38 |
| Total Revenue | 182.25 | 56.32 |
| Profit After Tax | 33.85 | 6.94 |
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objects-
1. To open processing center in nearby cites of Kanpur (Jhansi, Banda, Faizabad, Unnao)
2. To purchase advanced machinery and equipment
3. Repayment/pre-payment, of certain borrowings availed by the Company
4. To meet Working Capital requirements
5. General Corporate Purpose
6. To meet issue expenses
Gian Lifecare IPO Prospectus
Company Contact Information
Gian Life Care Limited
7/216 (6),
Swaroop Nagar,
Kanpur-208002
Phone: + 91-0512-2531860
Email: info@gianpathlabs.com
Website: http://www.gianpathlabs.com/
Gian Lifecare IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Gian Lifecare IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
