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Krsnaa Diagnostics Limited IPO Detail

Krsnaa Diagnostics Limited IPO Detail

Incorporated in 2010, Krsnaa Diagnostics Ltd is one of the fastest-growing diagnostic chains in India. The company offers a wide range of diagnostic services such as imaging/radiology services (X-rays, MRI, etc.), routine clinical laboratory tests, pathology, and tele-radiology services to private and public hospitals, medical colleges, and community health centres.

The firm has an extensive network of diagnostic centres across India with a key focus on non-metro, and lower tier cities and towns. As of December 31, 2020, it operates 1,801 diagnostic centres that are offering radiology and pathology services across 13 different cities in India. In fiscal 2020, the business has served 5.27 million patients.

Competitive Strengths

  • Differentiated diagnostic service provider company in India.
  • A comprehensive range of diagnostic services i.e. imaging, pathology, etc.
  • Strong brand equity with quality healthcare services at affordable prices.
  • Extensive market footprint in 13 states across India.
  • Consistent financial performance track record.

Company Promoters

Rajendra Mutha

IPO Details

IPO Opening DateAug 04, 2021
IPO Closing DateAug 06, 2021
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price ₹933 - 954 per equity share
Market Lot15 Shares
Min Order Quantity15 Shares
Listing AtBSE, NSE
Issue Size₹400 Cr
Fresh Issue[.] Eq Shares of ₹5 (aggregating up to ₹400.00 Cr)
Offer for Sale8,525,520 Eq Shares of ₹5 (aggregating up to ₹[.] Cr)
Employee Discount₹₹93
Retail Portion 10%

IPO Subscription (Bidding Detail)

Day 1 0.48x 0.15x 9.59x 0.21x - 1.98x
Day 2 0.50x 4.76x 22.09x 0.52x - 5.42x
Day 3 49.83x 116.30x 41.95x 0.98x - 64.38x

IPO Tentative Timetable

The Krsnaa Diagnostics Limited IPO open date is Aug 04, 2021, and the close date is Aug 06, 2021. The issue may list on Aug 16, 2021.

IPO Open DateAug 04, 2021
IPO Close DateAug 06, 2021
Basis of Allotment DateAug 11, 2021
Initiation of RefundsAug 12, 2021
Credit of Shares to Demat AccountAug 13, 2021
IPO Listing DateAug 16, 2021

IPO Lot Size

The Krsnaa Diagnostics Limited IPO market lot size is 15 shares. A retail-individual investor can apply for up to 13 lots (195 shares or ₹186030).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding74.63%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 604.53 661.47 184.93
31-Mar-20 629.99 271.3.8 111.95
31-Mar-19 528.99 214.31 58.05

Objects of the Issue:

  • To finance the cost of establishing diagnostics centres at Punjab, Karnataka, Himachal Pradesh, and Maharashtra.
  • Repayment/pre-payment of firm's borrowings fully or partially.
  • General corporate purposes.