Sangani Hospitals IPO: How to check Allotment Status

The ₹15.17 crore IPO of Sangani Hospitals Ltd comprises entirely of a fresh issue of shares with no offer for sale (OFS) component. The total SME IPO of Sangani Hospitals Ltd entails issue of 37.92 lakh shares which at the upper end of the Bookbuild IPO price range of ₹40 per share which aggregates to ₹15.17 crore. The fresh issue portion is also the total size of the issue of Sangani Hospitals Ltd. The stock has a face value of ₹10 and retail bidders can bid in minimum lot size of 3000 share each. Thus, the minimum investment of ₹120,000 in the IPO is the base limit. That is also the maximum that a retail investor can apply for in the IPO. Here is a break-up of the total shares issued by the company and its quota allocated for different groups of investors.

The response of Sangani Hospitals IPO was very moderate and it was subscribed just about 4.54X overall at the close of bidding on 08th August 2023 with the retail segment seeing the best 6.17 times subscription, the QIB portion seeing 11.42 times subscription and the non-retail portion seeing 1.38 times subscription. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 08th August 2023.

The basis of allotment will be finalized on Friday, 11th August 2023, the refunds will be initiated on 14th August 2023, demat credits will be finalized on 15th August 2023, while the stock of Sangani Hospitals Ltd will get listed on the NSE on 17th August 2023. The company had a pre-IPO promoter holding of 100.00% and post the IPO, the promoter stake in Sangani Hospitals Ltd will stand reduced proportionately. On listing, the company will have an indicative P/E ratio of 37.03X.

How to check the allotment status. Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can either check your allotment status on the website or the on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Sangani Hospitals Ltd on the website of Bigshare Services Private Limited (Registrar to IPO)

Visit the Bigshare Services registrar website for IPO status by clicking on the link below:

https://www.bigshareonline.com/ipo_Allotment.html

Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select; the output would still be the same across.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Sangani Hospitals Ltd from the dropdown box. The allotment status will be finalized on Friday, 11th July 2023, so in this case, you can access the details on the registrar website either late on 11th August 2023 or by middle of 12th August 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.

• Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO.
   
• Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where your demat account is held i.e., NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Search Button in both cases.
   
• Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.

The IPO status with number of shares of Sangani Hospitals Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 16th August 2023.

A brief on Sangani Hospitals Ltd and the SME IPO

Sangani Hospitals Ltd, is an SME IPO on the NSE which opened for subscription on 04th August 2023. The company, Sangani Hospitals Ltd, was incorporated in 2021 but the journey had begun in 2001. Sangani Hospitals is a multi-specialty hospital based in Keshod in Gujarat. Sangani Hospital was promoted by Dr Ajay Sangani and brother Dr Rajeshkumar Sangani. It currently has two multispecialty hospitals based out of Keshod and Veraval; both in Gujarat. It has specialized departments for gynaecology, obstetrics, orthopedy, joint replacement, general surgery, uro-surgery, trauma unit, dental, and laparoscopic surgery.

Sangani Hospital at Keshod, Junagadh is a 36-bed multi-speciality hospital. It has primary, secondary, and tertiary care facilities. The location of the hospital makes it easily accessible to nearly 54 adjacent small villages. Sangani Hospital has been rated as one of the topmost hospitals in the district of Junagadh. They have currently applied for NABH registration. The other hospital; Sangani Super Speciality Hospital at Veraval is a 32-bed multi-speciality hospital which has already cleared NABH (National Accreditation Board for Hospitals). It has significant focus on Tertiary care facilities and is located just 45 km away from Sangani Hospital, Keshod. Sangani Super Speciality Hospital at Veraval is well equipped with medical and surgical specialities and backed by a highly qualified and experienced team of doctors.