Vijaya Diagnostic Centre Limited IPO Details, Issue Price and GMP

Vijaya Diagnostic Centre Limited IPO

Vijaya Diagnostic Centre Limited IPO

Details of the Vijaya Diagnostic Centre Limited IPO:

  1. Issue Amount : Upto ₹1,895.04 Cr (Offer For Sale)
  2. Total shares on offer : 3,56,88,064 Equity Shares 
  3. Face Value : ₹1 per share
  4. Price Band : ₹522 to ₹531
  5. Lot Size : 28 shares

Important dates for Vijaya Diagnostic Centre Limited IPO:

  1. IPO Open: Wednesday, September 01, 2021
  2. IPO Close: Friday, September 03, 2021
  3. Finalization of basis of allotment: 08th Sep 2021
  4. Refunds/Unblocking ASBA fund: 09th Sep 2021
  5. Credit of equity shares to DP account: 13 Sep 2021
  6. Trading commences: 14th Sep 2021

Company Background

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.

Financial Details of Aptus Value Housing Finance IPO:

Vijaya Diagnostic Centre Limited IPO Details, Issue Price and GMP

Purpose of the Vijaya Diagnostic Centre Limited IPO:

  1. To gather the benefits of share listing on the Stock Exchanges.
  2. To make an offer for sale (OFS) of 35,688,064 shares.

Grey Market Premium of Vijaya Diagnostic Centre Limited IPO:

The grey market premium for the Vijaya Diagnostic Centre Limited IPO issue stood at Rs 9 on September 3. Which is Only 1.7% to its Issue price of Rs. 531.

Vijaya Diagnostic Centre Limited IPO Subscription on 3rd September 2021:

The Vijaya Diagnostic Centre Limited IPO is subscribed 2.06 times on 3rd Sept 2021 14:40 pm
  1. Qualified Institutional Buyers (QIB) - 5.24 times Subscribed
  2. Retail Individual Investors (RII) - 1.00 times Subscribed
  3. Non Institutional investors (NII) - 0.33 times Subscribed (under subscribed)
Disclaimer: This article is for educational purpose only and does not provide any buy or sell recommendation


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