The company aims to use internet proceeds from the IPO to realize the advantages of listing their shares on the Stock Exchanged. (Representative Image)The company aims to use internet proceeds from the IPO to realize the advantages of listing their shares on the Stock Exchanged. (Representative Image)
Vijaya Diagnostics is eyeing a public issue of Rs 1,895.04 crore which will open on September 1, 2021. the difficulty is entirely made from a suggestion purchasable (OFS).
Vijaya Diagnostics Centre Limited is looking to open its initial public offering (IPO) of Rs 1,895.04 crore next month. the corporate is one among the fastest-growing diagnostics chains within the Southern a part of India. It offers a good sort of services starting from pathology to radiology testing. It also features a significant presence in many cities and towns within the South, including places like Telangana, Andhra Pradesh , capital Region, and Kolkata. thereupon said and therefore the Vijaya Diagnostics Centre Limited IPO but every week away, here are the ten things that you simply should know before the difficulty opens.
1) Vijaya Diagnostics Centre IPO Overview and Price Band
Vijaya Diagnostics Centre is eyeing a public issue of Rs 1,895.04 crore, which it aims to require public on September 1, 2021. the difficulty is entirely made from a suggestion purchasable (OFS). It has 35,688,064 equity shares with Rs 1 per equity share because the face value. The book-built issue carries a price band of Rs 522 to Rs 531 per equity share and it’s looking to list on the National stock market (NSE) and therefore the Bombay stock market (BSE).
The company aims to use the net proceeds from the IPO to achieve the benefits of listing their shares on the Stock Exchanged. (Representative Image
2) Vijaya Diagnostics Grey Market Premium (GMP)
The grey market premium of the Vijaya Diagnostics Centre Limited IPO stood at Rs 35 as per information on IPO Watch. This indicated that the difficulty was trading at a premium of Rs 557 to Rs 566 per equity share on the unlisted market.
3) Important IPO Dates
The issue itself is will open on September 1 and stay open for 3 days of trading. the general public issue will come to an in depth on September 3. Any anchor bookings which may happen , would happen each day before the difficulty opening, which might make it August 31.
4) Vijaya Diagnostics Allotment, Listing Date
After the investors have subscribed, the idea of allotment, refunds and share accreditations will likely happen on September 8, September 9 and September 13 respectively. Though the listing date is yet to be confirmed, it tentatively stands at September 14.
5) IPO Club Lot Size and Subscription Status
The public issue features a minimum lot size of 28 shares that has an application amount of Rs 14,868. On the upper end of the lot, the dimensions stands at 364 shares with Rs 193,284 because the maximum application amount. For the IPO, the retail-individual investors (RIIs) can apply for up to 13 lots at the upper end of the lot size.
In terms of subscriptions, the Retail portion has an allotment of 35 per cent for the difficulty . The qualified institutional buyers (QIBs) got a reservation of fifty per cent and therefore the non-institutional investors (NIIs) have a 15 per cent reservation allotted to them.
6) the thing of the Offer
The company aims to use internet proceeds from the IPO to realize the advantages of listing its shares on the Stock Exchanged. It also intends to form an OFS of 35,688,064 shares with the difficulty .
7) Promoters and Other Details
The promoter for the Vijaya Diagnostics Centre Limited IPO is Dr S Surendranath Reddy, who is additionally the chief Chairman of the corporate .
8) Company Profile
Vijaya Diagnostics Centre was incorporated in 1981 and has since established itself together of the fastest-growing diagnostics chains in South India. It offers one-stop-shop solutions for pathology and radiology testing services. It also features a substantial network that consists of 80 diagnostic centres and 11 reference laboratories spread across 13 cities and towns within the states of Telangana, Andhra Pradesh, capital Region, and Kolkata. aside from these services broad spectrum of customised health and wellness packages also are offered to its customers.
9) Company Financials
The financial performance of the corporate has been somewhat on the decline from FY19 to FY21. Vijaya Diagnostics reported its revenue as Rs 388.5 crore in FY19. In FY21, the revenue that was reported was Rs 302.90 crore, consistent with AngleOne.
10) Competitive Strengths of Vijaya Diagnostics Centre
Apart from being one among the fastest-growing chains, it also has strong technical capabilities, and robust technology to support its operations. All the labs also are nationally accredited. additionally to the present , the corporate features a high brand recall, which has driven up the individual consumer business.