Nidan Laboratories and Healthcare Limited was established in 2000 by Dr. Nithin Vitthalrao Thorave. The company provides diagnostic and healthcare services through pathology, radiology, neurology, cardiology and dentistry offerings.
About Nidan Laboratories
Nidan Laboratories provides a broad range of diagnostic services across pathology and radiology. As of 31 March 2021, the company offered approximately 740 routine pathology tests and 3,000 specialised pathology tests.
Its radiology portfolio included around 220 basic tests and 320 advanced tests across multiple medical specialities. The services ranged from basic X-rays, ultrasounds and echocardiograms to advanced diagnostic procedures such as CT scans and MRI scans.
The pathology business covers basic biochemistry and clinical pathology along with cytogenetic and advanced molecular diagnostic tests. In addition, Nidan Laboratories provides customised health and wellness packages, home sample collection, home visits and multiple options for receiving test reports.
The company operated 35 locations under the “Nidan Healthcare” brand. Out of these locations, 16 were franchised, including one full-service diagnostic facility and 15 standalone collection centres.
Nidan Laboratories employed 213 people as of 30 June 2021. Express Healthcare also recognised the organisation with the Best Diagnostic Chain of India Award 2019 in the category of 20+ diagnostic centres.
Nidan Laboratories IPO Details
| IPO Details | Information |
|---|---|
| IPO Opening Date | 28 Oct 2021 |
| IPO Closing Date | 2 Nov 2021 |
| IPO Price | ₹125 Per Share |
| Fresh Issue | ₹50 Crore |
| Offer for Sale | NIL |
| Total Issue Size | ₹50 Crore |
| Minimum Bid | 1,000 Shares |
| Face Value | ₹10 Per Share |
| Listing Exchange | NSE SME |
Nidan Laboratories IPO Market Lot
The minimum application size for the Nidan Laboratories IPO was 1,000 shares. At the IPO price of ₹125 per share, one lot required an investment of ₹1,25,000.
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,000 Shares | ₹1,25,000 |
| Maximum | 1 | 1,000 Shares | ₹1,25,000 |
Nidan Laboratories Financial Performance
The supplied financial information for the period ending 31 June 2021 contains the following figures. Since June normally has 30 days, the original source date should be verified before treating it as an official reporting period.
| Financial Particular | Value |
|---|---|
| Financial Period | 31-Jun-2021* |
| Total Assets | ₹543.30 Million |
| Total Revenue | ₹78.45 Million |
| Profit After Tax | ₹10.87 Million |
| EPS | ₹2.32 Per Share |
*The supplied data states 31-Jun-2021. June has 30 days, so the original source should be checked for the correct financial-period date.
Nidan Laboratories IPO Allotment Date & Details
The supplied source provides the IPO allotment schedule only at the month level. Therefore, this page retains October 2021 instead of creating unsupported exact dates.
| IPO Event | Date |
|---|---|
| Allotment Date | Oct 2021 |
| Refund Initiation | Oct 2021 |
| Shares Credited to Demat | Oct 2021 |
| Listing Date | Oct 2021 |
| Check Allotment Status | Check on Bigshare |
Nidan Laboratories IPO Review
Nidan Laboratories entered the market with a ₹50 crore IPO and operated in the diagnostic healthcare segment. Its business covered pathology, radiology and several specialised diagnostic services.
The company also had an established network under the Nidan Healthcare brand, including franchised diagnostic centres and collection centres. Investors reviewing this historical IPO should consider the company’s financial performance, valuation, healthcare-sector competition and SME-market risks.
This page provides historical IPO information and should not be considered investment advice.
Nidan Laboratories IPO Subscription Status
The Nidan Laboratories IPO opened for subscription on 28 October 2021 and closed on 2 November 2021.
Historical subscription information can be accessed through the dedicated IPOWala subscription page.
Check Nidan Laboratories IPO Subscription Status
Nidan Laboratories IPO GMP
Any GMP information for Nidan Laboratories IPO should be treated as historical grey market data because the IPO belongs to 2021. Grey market premiums are unofficial and do not guarantee the actual listing price or investor returns.
Check Nidan Laboratories IPO GMP Details
Registrar of Nidan Laboratories IPO
Bigshare Services Pvt Ltd was the registrar for the Nidan Laboratories IPO.
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (E), Mumbai – 400059
Website: http://www.bigshareonline.com
Email: investor@bigshareonline.com
Phone: +91-22-6263 8200
Fax: +91-22-6263 8299
Nidan Laboratories Contact Details
Nidan Laboratories Limited
Swapnshilpa, Behind Aarti Apartment,
Vartak Road, Virar (West) – 401303,
Palghar, Maharashtra, India
Phone: +91 8975610000
Email: cs@nidanhealthcare.co.in
Website: nidanhealthcare.co.in
Nidan Laboratories IPO Lead Manager
First Overseas Capital Limited was the lead manager for the Nidan Laboratories IPO.
How to Check Nidan Laboratories IPO Allotment?
Investors could check the Nidan Laboratories IPO allotment status through Bigshare, the IPO registrar.
Check Nidan Laboratories IPO Allotment Status
How to Check Nidan Laboratories IPO Subscription Status?
The historical subscription status can be checked through the dedicated IPOWala subscription page.
Check Nidan Laboratories IPO Subscription Status
How to Apply for Nidan Laboratories IPO Through Zerodha?
During the IPO period, investors using Zerodha could submit their applications through the IPO section of the platform.
- Log in to your Zerodha account.
- Open the IPO section.
- Select Nidan Laboratories IPO.
- Enter your UPI ID, quantity and bid price.
- Submit the IPO application.
- Approve the UPI mandate through your UPI application.
Nidan Laboratories IPO FAQ
When was Nidan Laboratories IPO listed?
The supplied IPO data records the Nidan Laboratories listing date as October 2021. The exact date should be verified from the original IPO records.
When was Nidan Laboratories IPO allotment?
The supplied data records the Nidan Laboratories IPO allotment period as October 2021. The exact allotment date was not provided in the source.
What was the price of Nidan Laboratories IPO?
The IPO price was ₹125 per share.
What was the lot size of Nidan Laboratories IPO?
The Nidan Laboratories IPO lot size was 1,000 shares.
What was the minimum investment in Nidan Laboratories IPO?
One lot required an investment of ₹1,25,000 at the IPO price of ₹125 per share.
What was the issue size of Nidan Laboratories IPO?
The total issue size was ₹50 crore. The complete issue consisted of a fresh issue, while the offer for sale was NIL.
What was the Nidan Laboratories IPO GMP?
Any GMP associated with this IPO is historical information because Nidan Laboratories IPO belongs to 2021. Grey market premiums are unofficial and can differ from the actual listing performance.
Who was the registrar of Nidan Laboratories IPO?
Bigshare Services Pvt Ltd was the registrar of the Nidan Laboratories IPO.
Who was the lead manager of Nidan Laboratories IPO?
First Overseas Capital Limited was the lead manager of the IPO.
Where was Nidan Laboratories IPO listed?
Nidan Laboratories IPO was scheduled for listing on the NSE SME platform.
