New Delhi, Feb. 10 -- The initial public offer (IPO) of Chandan Healthcare, which runs diagnostic centres in North India, kicked off for subscription on Monday, February 10 and will remain open till Wednesday, February 12.

Chandan Healthcare IPO price band has been fixed at Rs.151 to Rs.159 per share, with the company looking to raise over Rs.107 crore at the upper end of the price band.

The issue is a combination of a fresh issue of 44.52 lakh shares worth Rs.70.79 crore and an offer for sale of 23 lakh shares, amounting to Rs.36.57 crore.

The minimum lot size for an application is 800 shares, with the minimum application requirement by retail investors fixed at Rs.1,27,200.

In Chandan Healthcare IPO not more than 50% of the offer is...