About the Company:
Gian Life Care Ltd is primarily engaged in the business of providing diagnostic and related healthcare tests and services in Kanpur and nearby areas.
Company provides a broad range of diagnostic and related healthcare tests and services such as, patient diagnosis services and prevention and wellness diagnosis services to our patients and healthcare providers.
Company’s customers include individual patients, hospitals, other healthcare providers and corporate customers.
Company offers a broad range of approximately 1,344 tests as of March 31, 2019, it includes various tests ranging from biochemistry, clinical pathology, coagulation, cytogenetics, cytology, hematology, histopathology, immunoassay, microbiology, molecular biology and radiology services.
Company laboratory is NABL accredited which is one of the highest quality certification in India for testing and calibrating Laboratories. Apart from NABL accredited the laboratory is also ISO 9001:2015 certified.
Location of Main Laboratory:
Company’s main laboratory at Swaroop Nagar is strategically located in Kanpur, Uttar Pradesh. The laboratory is located in close proximity of some major hospitals and health care service providers which provide us an added advantage of the customer approaching us for medical tests and other diagnostic services.
Management Team:
- Mr. Arun Kumar Gupta (Designation: Managing Director)
- Ms. Rashika Agarwal (Designation: Non-Executive Director)
Objectives of the Issue:
- To open processing center in nearby cites of Kanpur (Jhansi, Banda, Faizabad, Unnao)
- To purchase advanced machinery and equipment
- Repayment/pre-payment, of certain borrowings availed by the Company
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| To open processing center in nearby cites of Kanpur (Jhansi, Banda, Faizabad, Unnao) | 1.02 |
| To purchase advanced machinery and equipment | 1.23 |
| Repayment/pre-payment, of certain borrowings availed by the Company | 0.94 |
Financials of the Company:
| (in Crores) | FY 19 |
|---|---|
| Revenue | 0.56 |
| Net Profit | 0.10 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Gian Life Care Ltd | 10 | 0.31 | 70.96 | 90.94% | 0.34 |
| Dr. Lal Path Labs Ltd | 10 | 24.19 | 48.15 | 21.20% | 113.46 |
Also Read: Dr. Lalchandani Labs Ltd
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 31st December 2019 |
| Issue Closes on:. | 3rd January 2020 |
| Issue Price | Rs.22 |
| Face Value | Rs.10 |
| Minimum Lot | 6000 |
| Minimum Investment | Rs.1,32,000 |
| Issue Constitutes | 30.12% |
| Issue Size | Rs.3.11 cr |
| Market Cap | Rs.10.34 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 14,16,000 |
| Equity Shares Prior to the Issue | 32,84,694 |
| Equity Shares after the Issue | 47,00,694 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 8th January 2020 |
| Initiation of Refunds | on or Before 9th January 2020 |
| Credit of Equity Shares: | on or Before 10th January 2020 |
| Listing Date: | on or Before 13th January 2020 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.31 | 70.96 | 90.94% | 0.34 |
| Company Contact Info: |
|---|
| Gian Life Care Ltd 7/216 (6) Swaroop Nagar, Kanpur, Uttar Pradesh- 208002 India Tele No. 0512-2531860 E-mail: info@gianpathlabs.com Website: www.gianpathlabs.com |
| IPO Registrar Info: |
|---|
| CAMEO CORPORATE SERVICES LTD. Submaramanian Building, 1 Club House Road, Chennai 600 002. Tel No.: +91-44-40020700 Fax No.: +91-44-2846 0129 E-mail : investor@cameoindia.com Website: www.cameoindia.com |
| Lead Manager to the Issue: |
|---|
| HEM SECURITIES LIMITED 904-A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai – 400013, India Tel. No.: +91- 022-49060000, Email:ib@hemsecurities.com Website: www.hemsecurities.com |
