Sangani Hospitals Limited is gearing up for its much-anticipated Initial Public Offering (IPO) through a book-built issue. The IPO is scheduled to run from August 04 to August 08, 2023, with a share price range of ₹37 to ₹40. Investors can participate with a minimum order of 3000 shares.
The IPO will comprise 3,792,000 shares with a face value of Rs. 10 each, potentially raising funds of up to ₹15.17 crore for Sangani Hospitals Limited. Let’s delve into the details of their IPO set to hit the market in August 2023.
About Sangani Hospitals Limited
Sangani Hospitals Limited is a healthcare organization established in 2021. It began its journey in 2001 with Sangani Hospital in Keshod, Gujarat. Led by Dr. Ajaykumar Natwarlal Sangani and Dr. Rajeshkumar Natwarlal Sangani, the hospitals offer multi-specialty services, including ENT, OBST-Gynec, Dialysis, Orthopedics, and more. They operate from two hospitals, one in Keshod and another in Veraval, Gujarat.
Sangani Hospitals Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 4th August 2023 |
| Issue Closes | 8th August 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 37 to Rs 40 Per Share |
| Issue Size | 3,792,000 shares (Rs 15.17 crores) |
| Minimum Order Quantity | 3000 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The company plans to utilize the proceeds of the issue for the following purposes:
- Capital expenditure to expand Sangani Hospital in Keshod, Gujarat.
- Capital expenditure to expand Sangani Super Speciality Hospital in Veraval, Gujarat.
- General corporate purposes.
Sangani Hospitals Limited — Company Contact Details
- Registered & Corporate Office: Sainath Society, Opp. S. T., KSD T, Village – Keshod, Taluka – Keshod, Junagadh – 362220
- Telephone: 02871-23 5900
- Website: http://www.sanganihospitals.com/
Sangani Hospitals Limited IPO – Lead Managers of the Issue
Unistone Capital Pvt Ltd
- Office Address: 12, Floor no – 2, Shashank CHS LTD, Manmala Tank Road, NR. Starcity Cinema, Mahim Mumbai 400016 India
- Telephone: 022-2430-6977
- Email: mb@unistonecapital.com
Sangani Hospitals Limited IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
- Telephone:+91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/ipo_status.html
Sangani Hospitals Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
