Key Objective
Initial public offering of 67,52,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Chandan Healthcare Limited ("Company" or the "Issuer") for cash at a price of Rs. 159 per equity share (including a share premium of Rs. 149 per equity share) ("Offer Price") aggregating
Rs. 106.99 crores comprising a fresh issue of 44,52,064 equity shares aggregating Rs. 70.42 crores by the company ("Fresh Issue") and an offer for sale of 22,99,936 equity shares aggregating Rs. 36.57 crores (the "Offered Shares") comprising of 17,54,936 equity shares by Amaranita Holdings (India) Private Limited, 1,10,000 equity shares by Jagjeet Singh Kalsi, 1,00,000 equity shares by Deepak Kumar Sirohi, 50,000 equity shares by Ajai Singh, 50,000 equity shares by Bimla Singh, 50,000 equity shares by Vikas Lamba, 50,000 equity shares by Anchal Sirohi, 50,000 equity shares by Hari Shanker Dixit, 50,000 equity shares by Shital Singh Solanki, 25,000 equity shares by Vikalp Dixit and 10,000 equity shares by Brahm Prakash aggregating
Rs. 36.57 crores (the "Selling Shareholders" and such offer, the
"Offer for Sale") (the "Offer for Sale" and together with the fresh issue, the "Offer") of which 3,39,200 equity shares aggregating to Rs. 5.39 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer includes a reservation of 2,45,600 equity shares, aggregating Rs. 3.54 crores, for subscription by eligible employees (as defined herein) not exceeding 1.00% of its post-offer paid-up equity share capital ("Employee Reservation Portion"). The offer, less employee reservation and market maker reservation, i.e. net offer 61,67,200 equity shares of face value of Rs. 10 each at price of Rs. 159 per equity share aggregating to Rs. 98.06 crores is herein after referred to as the "Net Offer". The company and the selling shareholders may, in consultation with the book running lead manager, offer a discount of Rs. 15 of the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer and the net offer will constitute 27.61% and 25.22% respectively of the fully-diluted post-offer paid-up equity share capital of the company.
The face value of equity shares is Rs. 10 each. The offer price is 15.90 times the face value of the equity shares.