Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
IPO News

| More

Thyrocare Technologies IPO to open on Apr 27, 2016 - Sushil Finance

Posted On: 2016-04-24 20:42:27

The Initial Public Offering (IPO) of Thyrocare Technologies Ltd. through an offer for sale of up to 10,744,708 Equity Shares by the Selling Shareholders at a price band of Rs. 420 to Rs. 446 through 100% book-building process will open for subscription on April 27, 2016. The IPO will close on April 29, 2016.

The lot size is 33 equity shares and face value is Rs. 10 per share. The issue size at the upper price band will be approximately Rs. 480 crores. Out of which, 50% or Rs. 240 crores is reserved for QIBs (Qualified Institutional Buyers), 15% of Rs. 72 crores is reserved for Non-Institutional Investors and 35% or Rs. 168 crores is reserved for retail individual investors.

COMPANY OVERVIEW

Thyrocare is one of the leading pan-India diagnostic chains and conducts an array of medical diagnostic tests and profiles of tests that center on early detection and management of disorders and diseases. Established on 28 January 2000 in Mumbai by scientist turned entrepreneur A Velumani, Thyrocare is now a popular name.

As of February 2016, the company offered 198 tests and 59 profiles of tests to detect a number of disorders. Its profiles of tests include 16 profiles of tests administered under the “Aarogyam” brand, which offers patients a suite of wellness and preventive health care tests.

According to the latest count as of nine months ended December 2015, Thyrocare performed 159,350 tests daily through its network that comprises presence in more than 2,000 cities and towns in India and internationally. Through its wholly owned subsidiary, Nueclear Healthcare Limited, Thyrocare operates a network of molecular imaging centers in New Delhi, Navi Mumbai and Hyderabad, focused on early and effective cancer monitoring.

HIGHLIGHTS

With a belief that 'Quality' is the heart of any intelligent management, Thyrocare became one of the first Indian diagnostic laboratories to get international accreditations like ISO 9001-2000 rating as early as 2001, which is now escalated to ISO 9001:2008; NABL (National Accreditation Board for Testing and Calibration Laboratories) in 2005 and CAP (College of American Pathologists) certification in 2007. The company has achieved its business advantage due to volumes and speed with accuracy.

The objective of the issue is to achieve the benefits of Listing on BSE & NSE.

OUR VIEW

The strategy of the company is to further grow the business by expanding network of regional processing laboratories (RPL) to cater to a larger number of cities across the country.

Looking at the financials the EPS of Rs. 9 for the year 2016(annualized), the company is asking for the P/E of around 50, which is fairly attractive for the high growth company like Thyrocare Technology (CAGR 23%).


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Shankara Building Products Limited IPO to close for subscription today
CL Educate Limited receives subscription of 1.90 times
Escorp Asset Management IPO to open for subscription on Mar 31, 2017
Avenue Supermarts Limited to list today
Chemcrux Enterprises Ltd SME IPO gets huge over subscription
Shankara Building Products Limited - Thrust on retail to boost potential - Angel Broking
CL Educate Limited - Preparing for the big Test: Angel Broking
Optimus Finance Ltd announces IPO of wholly owned subsidiary
Gitanjali Brands Limited files DRHP with SEBI, BSE and NSE
Jagran Prakashan Limited announces fixing of IPO price by Music Broadcast Ltd at Rs. 333
Avenue Supermarts Limited - A retailer with a growth appetite - Angel Broking
Avenue Supermarts Limited - IPO Note - Sushil Finance
Music Broadcast Limited - IPO Note - Sushil Finance
Avenue Supermarts Limited - A retailer with a growth appetite: Angel Broking
Music Broadcast Limited fixes IPO price band as Rs. 325 to Rs. 333
Music Broadcast Limited IPO to open on Mar 6, 2017
India Finsec Ltd arm IFL Enterprises Limited gets approval fo Public Issue of equity shares on SME Platform of BSE Limited
SREI Infrastructure Finance Ltd's arm Bharat Road Network Limited Files DRHP with SEBI for IPO
GlobalSpace Technologies Limited plans SME IPO, files papers with BSE
Nakshatra World Limited, wholly owned subsidiary of Gitanjali Gems Ltd to raise funds through IPO
Jagran Prakashan Ltd arm Music Broadcast Ltd files DRHP with SEBI for IPO
Majestic Research Services and Solutions Ltd receives approval from ROC for RHP filed for Further Public Issue
GNA Axles Limited - IPO Note – Attractive on Valuations: Subscribe - Angel Broking
L&T Technology Services Limited - Issue competitively priced - Subscribe - Angel Broking
IRB Infrastructure Developers Ltd arm files for IPO of units
RBL Bank - IPO Note - SUBSCRIBE - Long-term Play on Strong Growth Potential - Reliance Securities
RBL Bank - IPO Note - Strong Management at the helm of affairs - Angel Broking
S.P Apparels Limited's Offer to open on August 2, 2016
Dilip Buildcon's IPO to open on August 1, 2016
Larsen & Toubro Infotech Ltd - Set to march ahead! - Subscribe - GEOJIT BNP PARIBAS
L&T Infotech Ltd - Subscribe - IPO Note - IIFL Holdings Limited
Larsen & Toubro Infotech Limited - IPO Note - Decent upsides - Angel Broking
GreenSignal Bio Pharma Limited files DRHP for IPO
L&T Infotech IPO to open on July 11, 2016
Quess Corp Limited - IPO Note - Sushil Finance
Quess Corp Limited - Attractive Quest on Valuations: Subscribe - Angel Broking
Sohanlal Commodity Management plans for Rs 500 crores initial public offer
Varun Beverages Limited files Draft Red Herring Prospectus with SEBI
Ujjivan Financial Services Ltd. - IPO Note - IIFL
Ujjivan Financial Services Limited IPO to hit markets on Apr 28, 2016
L&T Infotech files for DRHP with SEBI for IPO
Larsen & Toubro Infotech withdraws DRHP for IPO
Next Orbit Ventures invests 115 crores in Infibeam IPO
Equitas Holdings Limited IPO - Sushil Finance
Subscribe to Equitas Holdings Limited IPO - Angel Broking
Hinduja Leyland Finance Limited files DRHP for IPO
Neutral on Infibeam Incorporation IPO - Angel Broking
Bharat Wire Ropes Ltd. - Too weak rope to hold - Choice Broking Research
IPO Note: Infibeam Incorporation Limited - Avoid - IndiaInfoline
Healthcare Global Enterprises (Subscribe): Cancer treatment focused business model - ICICIdirect


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017