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Vijaya Diagnostics Centre Limited IPO Detail

Vijaya Diagnostics Centre Limited IPO Detail

Established in 1981, Vijaya Diagnostic Centre is one of the fastest-growing diagnostic chains in Southern India. The company offers a one-stop solution for pathology and radiology testing services. The company offers around 740 routine tests, 870 specialized pathology tests, 220 basic tests, and 320 advanced radiology tests. The company also offers a broad spectrum of customized health and wellness packages to its customers.

Company's operational network consists of 80 diagnostic centers and 11 reference laboratories spread across 13 cities and towns in the states of Telangana, Andhra Pradesh, National Capital Region, and Kolkata. 96.2% of the revenue comes from Hyderabad, the rest of Telangana, and the Andhra Pradesh region. During the year ended March 31, 2021, the company conducted approximately 6.20 Mn pathology tests and 0.89 Mn radiology tests for approximately 2.63 Mn customers.

As of March 31, 2021, all Vijaya Diagnostic Centre laboratories hold National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditations, and three diagnostic centers hold Patient Safety & Quality of Care (NABH) accreditations.

Competitive strengths:

  • Largest and fastest-growing diagnostic chain in Southern India.
  • Affordable, one-stop solution diagnostics service provider with a focus on superior quality.
  • Strong technical capabilities, cutting-edge diagnostic testing technology and robust IT infrastructure.
  • All laboratories hold National Accreditation.
  • High brand recalls driving high individual consumer business.

Company Promoters

Dr. S. Surendranath Reddy

IPO Details

IPO Opening DateSep 01, 2021
IPO Closing DateSep 03, 2021
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price ₹522 - 531 per equity share
Market Lot28 Shares
Min Order Quantity28 Shares
Listing AtBSE, NSE
Issue Size₹1895.04 Cr
Fresh Issue₹1895.04 Cr
Offer for Sale35,688,064 Eq Shares of ₹1 (aggregating up to ₹1,895.04 Cr)
Employee Discount₹52%
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.23x 0.01x 0.46x 0.24x - 0.30x
Day 2 0.32x 0.05x 0.74x 0.52x - 0.47x
Day 3 13.07x 1.32x 1.09x 0.98x - 4.54x

IPO Tentative Timetable

The Vijaya Diagnostics Centre Limited IPO open date is Sep 01, 2021, and the close date is Sep 03, 2021. The issue may list on Sep 14, 2021.

IPO Open DateSep 01, 2021
IPO Close DateSep 03, 2021
Basis of Allotment DateSep 08, 2021
Initiation of RefundsSep 09, 2021
Credit of Shares to Demat AccountSep 13, 2021
IPO Listing DateSep 14, 2021

IPO Lot Size

The Vijaya Diagnostics Centre Limited IPO market lot size is 28 shares. A retail-individual investor can apply for up to 13 lots (364 shares or ₹193284).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding59.78%
Post Issue Share Holding54.78%

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 540.94 389 84.91
31-Mar-20 482.25 354.18 62.50
31-Mar-19 406.43 302.95 46.27

Objects of the Issue:

The net proceed from the IPO will be utilized towards the following purposes;
  • Achieve the benefits of share listing on the Stock Exchanges.
  • To make an offer for sale (OFS) of 35,688,064 shares.