Vijaya Diagnostics IPO to Open on 1st September: View GMP, Price Band, Lot Size, Other Details
Healthcare chain Vijaya Diagnostic Center on Thursday said it has fixed a price band of Rs 522-531 per share for an initial share-sale of Rs 1,895 crore. The three-day initial public offering (IPO) will open for subscription on September 1 and end on September 3, the company announced in a virtual press conference.
The IPO is an offer for sale of 35,688,064 equity shares by the entire promoter Dr S Surendranath Reddy and investors – Karakoram Limited and Kedara Capital Alternative Investment Fund-Kedara Capital AIF I.
Under the offer for sale, Reddy will sell 50.98 lakh equity shares, Karakoram will sell 2.95 crore equity shares and Kedara Capital will sell 11.02 lakh equity shares.
In the initial share sale, the stake of the promoter and existing shareholders will be diluted by 35 per cent. Presently, the promoter and promoter group hold 59.78 per cent stake in the company. This also includes Reddy’s 37.78 per cent stake.
Karakoram and Kedara Capital hold 38.56 per cent and 1.44 per cent, respectively, in Vijaya Diagnostics. At the upper end of the price band, the initial share-sale is expected to fetch around Rs 1,895 crore.
Half of the issue size is reserved for Qualified Institutional Investors (QIBs), 35 percent for retail investors and the remaining 15 percent for non-institutional investors.
Investors can bid for a minimum of 28 equity shares and thereafter in multiples of 28 equity shares.
Vijaya Diagnostic Center provides one-stop solution for pathology and radiology testing services to the clients through its extensive network which includes 80 diagnostic centers and 11 reference laboratories in 13 cities and towns in the states of Telangana and Andhra Pradesh and the national capital. Are included. area and Kolkata.
ICICI Securities, Edelweiss Financial Services and Kotak Mahindra Capital Company have been appointed as investment bankers to advise the company on its IPO.
Earlier this month, Krishna Diagnostics raised a little over Rs 1,213 crore through its IPO.
Vijaya Diagnostic IPO: GMP
According to Mint, market observers suggest, Vijaya Diagnostics Gray Market Premium (GMP) is in the range of Rs 35-40. Gray Market is an unofficial platform where trading starts after the announcement of the IPO price band till the listing of shares.
Vijaya Diagnostic IPO Details
| IPO Opening Date | September 1, 2021 |
| IPO Closing Date | September 3, 2021 |
| type of problem | Book Built Issue IPO |
| Face value | ₹1 per equity share |
| ipo price | ₹522 to ₹531 per equity share |
| market lot | 28 shares |
| Min. Order Quantity | 28 shares |
| Listing At | BSE, NSE |
| problem size | ₹ 1. Shares of 35,688,064 Eq
(Total ₹1,895.04 Crore) |
| offer for sale | ₹ 1. Shares of 35,688,064 Eq (Total ₹1,895.04 Crore) |
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