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21 August 2023

Sangani Hospitals Limited IPO: Nurturing Health and Care

Introduction:

Incorporated in 2021, Sangani Hospitals Limited is a healthcare organisation that has been on a dedicated journey to provide multi-specialty healthcare services to the people of Keshod and Veraval regions in Gujarat. The promoters, Dr. Ajaykumar Natwarlal Sangani and Dr. Rajeshkumar Natwarlal Sangani, both with extensive medical experience, established the foundation of Sangani Hospitals in 2001.

Comprehensive Healthcare Services:

Sangani Hospitals caters to a range of medical needs through its various departments and units, including ENT, OBST-Gynecology, Dialysis, Orthopedics, Joint Replacement, General Surgery, Urosurgery, Trauma, Dental Surgery, and Physiotherapy. Its comprehensive offerings address diverse health concerns, ensuring quality medical care for the community.

Steadfast Growth:

The journey of Sangani Hospitals began with the establishment of Sangani Hospital in Keshod. Over the years, the organisation expanded its footprint and currently operates through two hospitals: Sangani Hospital in Keshod and Sangani Super Speciality Hospital in Veraval. This expansion reflects the organisation's commitment to providing accessible healthcare services to a wider population.

IPO Insights:

Sangani Hospitals Limited is gearing up for its IPO, which is structured as a Book Built Issue. The IPO aims to raise Rs. 15.17 Crores and offers a price range of Rs. 37 to Rs. 40 per share. The subscription period for the IPO is from August 4, 2023, to August 8, 2023, with the anticipated listing date on NSE SME on August 17, 2023.

Promoter Dedication:

Dr. Ajaykumar Sangani and Dr. Rajeshkumar Sangani, along with Kamalkumar Sangani and Dr. Vaishali Sangani, the promoters of Sangani Hospitals, are instrumental in driving the organisation's vision of providing quality healthcare services.

Financial Snapshot

Sangani Hospitals' financial performance reflects its growing trajectory

Financial Year Ended	Assets (₹ Lakhs)	Revenue (₹ Lakhs)	Profit After Tax (₹ Lakhs)	Net Worth (₹ Lakhs)
31-Mar-20	330.36	446.47	22.81	183.35
31-Mar-21	299.20	498.21	79.06	168.79
31-Mar-22	705.45	420.63	105.35	501.60
31-Mar-23	1,959.01	1,576.24	148.37	1,797.29

Expert Assessment:

Sangani Hospitals operates in a competitive healthcare segment and while showing growth in revenue, its bottom line has exhibited inconsistency. Investors should carefully consider the company's performance and compare it with its peers before making an investment decision.

Conclusion:

Sangani Hospitals Limited's IPO is a window for investors to contribute to the growth and development of a healthcare organisation committed to providing quality medical services. Prospective investors are encouraged to explore the comprehensive insights shared above, covering various facets of the company's operations, financials, and expert opinions, to make informed investment choices.

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