Sangani Hospitals Limited

Company Profile
Company Name Sangani Hospitals Limited
Open Date 04-08-2023
Close Date 08-08-2023
Exchange NSE SME
Lot Size 3000 shares
Issue Price ₹37 to ₹40 per share
Issue Size 37,92,000 equity shares
Application Amount ₹ 1,20,000
Recommendation Avoid
Company was incorporated in the year 2021 and has its registered office in Ahmedabad.  Company is multi-speciality healthcare provider operating in Keshod and Veraval region of Gujarat with a combined bed capacity of 68 beds.  The hospitals services primarily include super speciality services, speciality services and other support services. The hospital also operates pathology laboratory and medical store. o Currently the hospital operates out of two hospitals i.e., Sangani Hospital at Keshod, Junagadh, Gujarat and Sangani Super Speciality Hospital, Veraval, Gujarat. As on March 31, 2023, Company has 1,234 employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 299.21 705.45 1,959.01
Net Assets 168.83 501.62 1,797.29
Total Borrowings 34.57 - 10.08
Total Revenue 498.21 420.63 1,576.24
Profit After Tax 79.06 105.35 148.37

Tentative Timeline

Opening Date 04-08-2023
Closing Date 08-08-2023
Basis of Allotment 11-08-2023
Initiation of Refunds 14-08-2023
Credit of Shares to Demat 16-08-2023
Listing Date 17-08-2023

Objects of the Issue

Capital Expenditure for expansion in Sangani Hospital at Keshod, Gujarat.
Capital Expenditure for expansion in Sangani Super Speciality Hospital at Veraval, Gujarat.
General corporate purposes.

Contact Information

Registered Office Sangani Hospitals Limited Sainath Society, Opp. S. T., KSD T, Village - Keshod, Taluka - Keshod, Junagadh – 362220
Phone 02871-23 5900

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Shareholding Pattern

Pre Issue Share Holding (Promoters) 100.00%
Post Issue Share Holding (Promoters) 72.47%

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