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Let’s have a detailed review of the company and analytics of the Krsnaa Diagnostics IPO release date, IPO offer price, subscription, Krsnaa Diagnostics Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 5
Price BandRs 933 to Rs 954
Listing AtBSE, NSE
Min. Order Quantity15 Shares
Listing DateAug 17, 2021
Offer for SaleRs 8133.30 Million
Fresh IssueRs 4000 Million
IPO SizeRs 12133.30 Million
Tick Size1

Krsnaa Diagnostics IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Krsnaa Diagnostics IPO – Summary

Krsnaa Diagnostics IPOKrsnaa Diagnostics is a large and differentiated diagnostic service provider. They provide a range of technology-enabled diagnostic services such as imaging (including radiology), pathology/clinical laboratory, and teleradiology services to public and private hospitals, medical colleges, and community health centers pan-India.

They are the fastest-growing diagnostic chain in India on multiple parameters including operating income, operating profit before depreciation, interest, and tax (“OPBDIT”) and profit after tax between Fiscal 2017 and Fiscal 2020 and volume of tests conducted between Fiscal 2018 and Fiscal 2020 (amongst players with revenues exceeding ₹1,500 million).

The Promoter of this company is RAJENDRA MUTHA. The lead manager to the issue is JM Financial Limited, DAM Capital Advisors Limited, Equirus Capital Private Limited, and IIFL Securities Limited, and the Registrar to this issue is KFin Technologies Private Limited.


Krsnaa Diagnostics IPO Date

The opening and the closing date of the IPO of Krsnaa Diagnostics Limited are Aug 4, 2021, and Aug 6, 2021, respectively.

Check out Related IPO Links:

Krsnaa Diagnostics IPO GMP
Krsnaa Diagnostics IPO Allotment

Krsnaa Diagnostics IPO Subscription

Day / DateQIBNIIRIIEmployeeTotal Subscription
1st Day – 04 August0.48x0.15x9.59x0.21x1.98x
2nd Day – 05 August0.50x4.76x22.09x0.52x5.42x
3rd Day – 06 August49.83x116.30x41.95x0.98x64.38x
Shares Offered or Net Issue3,752,6251,876,3121,250,874232,2887,112,099

The shares subscribed by the public will be updated here.

Check Krsnaa IPO LIVE Subscription

  • Krsnaa IPO LIVE Bid details on BSE
  • Krsnaa IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Krsnaa Diagnostics IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Krsnaa Diagnostics Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationAug 11, 2021
Refunds InitiationAug 12, 2021
Credit of Shares to Demat AccountAug 13, 2021
Share Listing DateAug 17, 2021

Krsnaa Diagnostics IPO Price Band

The face value of each share is Rs.5, but the price band of the IPO is Rs.Rs 933 to Rs 954 


Krsnaa Diagnostics IPO Equity Size

This Initial Public Issue of X Equity Shares of Rs.5 each for cash at a price of Rs.Rs 933 to Rs 954 per equity share aggregating to Rs.12133.30 Million.


Krsnaa Diagnostics IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.5/ each.

Issue Size: X Equity Shares of Rs.5 each, aggregating to Rs.12133.30 Million


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    Krsnaa Diagnostics IPO – Live Performance

    The listing date of this IPO is Aug 17, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Krsnaa Diagnostics Share Price

    Krsnaa Diagnostics IPO GMP / Grey Market Premium

    The Krsnaa Diagnostics Limited IPO Grey Market Premium price is Rs 320, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0. 


    Krsnaa Diagnostics IPO – Company Overview

    They have an extensive network of integrated diagnostic centers across India primarily in non-metro and lower-tier cities and towns. As of December 31, 2020, they operated 1,801 diagnostic centers offering radiology and pathology services in 13 states across India.

    Their operating model involves diagnostic centers operated under a hospital-partnership model. These diagnostic centers are located within existing facilities of public and private hospitals or community health centers and operated pursuant to arrangements with public health agencies and private healthcare providers.

    In Fiscal 2020 and in the nine months ended December 31, 2020, they served 5.27 million patients and 3.58 million patients, respectively.

    In line with their focus on providing inclusive and affordable services, they offer their diagnostic services at competitive rates and at significantly lower rates than players with revenues exceeding ₹1,500 million


    Krsnaa Diagnostics IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    31-Mar-2131-Mar-20Mar-19
    Total Assets6,045.306,299.825,289.85
    *Total Revenue6,614.762,713.792,143.15
    Total Expense3,660.244,297.112,920.41
    Profit After Tax1,849.29(1,119.51)(580.57)

    Earnings per Equity Share (in Million)

    31-Mar-2131-Mar-20Mar-19
    Basic 320.72(216.94)(120.28)
    Diluted
    24.51(216.94)(120.28)

    Krsnaa Diagnostics IPO – Promoters

    The Promoter of this company is:

    1. RAJENDRA MUTHA

    List of Related Parties (Key Managerial Personnel)

    • Rajendra Mutha, Executive Chairman, and Whole-time Director
    • Pallavi Bhatevara, Managing Director
    • Yash Mutha, Whole-time Director
    • Prem Pradeep, Non-Executive Nominee Director
    • Chhaya Palrecha, Non-Executive Independent Director
    • Chetan Desai, Non-Executive Independent Director

    Krsnaa Diagnostics IPO – Promoters Holding

    • Pre Issue Share Holding – 31.62%
    • Pos Issue Share Holding – 27.38%

    Krsnaa Diagnostics IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.200 Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●] Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue12,989,928 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Krsnaa Diagnostics IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Proposing to finance the cost of establishing diagnostics centers at Punjab, Karnataka, Himachal Pradesh, and Maharashtra
    2. Repayment/pre-payment, in full or part, of certain borrowings availed by their Company
    3. General corporate purposes

    Krsnaa IPO – Business Strategy

    • To periodically review the Risk Management Policy at least once in two years, including by considering the changing industry dynamics and evolving complexity
    • Overseeing risk appetite and risk tolerance appropriate to each business area
    • Considering the risk policy and strategy
    • Ensuring that there are adequate enterprise-wide processes and systems for identifying and reporting risks and deficiencies, including emerging risks
    • Monitoring the alignment of the risk framework to the Company’s growth strategy, supporting a culture of risk-taking within a sound risk governance
    • Having an overview of the key risk issues identified across the organization and the wider network

    Krsnaa Diagnostics IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Unique and scaled diagnostics company;
    • Strong brand equity;
    • Extensive footprint across India with robust infrastructure;
    • A business model with robust revenue visibility; and
    • Well-positioned to capitalize on healthcare spending across public and private sectors.

    The relevant quantitative factors are:

    Basic EPSDiluted EPS
    RONW (%)NAV (Rs.)
    31-Mar-2171.8612.2579.7685.27
    31-Mar-20(43.53)(43.53)(56.83)
    Mar-19(24.13)(24.13)(68.37)

    Krsnaa IPO: Competitive Peers

    Face Value (Rs.)P/EEPS Basic  (Rs.)EPS Diluted  (Rs.)
    Return on Net Worth (%)Total Income (Rs. in Million)
    Krsnaa Diagnostics Limited5[●]71.8612.2579.763,964.56
    Listed Peers
    Metropolis Healthcare Limited277.6535.9735.7925.919,979.87
    Dr. Lal PathLabs Limited1094.3235.3335.2523.4215,812.66

    Krsnaa Diagnostics IPO Lead Managers

    Lead Managers
    JM Financial Limited

    DAM Capital Advisors Limited

    Equirus Capital Private Limited

    IIFL Securities Limited

    Krsnaa Diagnostics IPO Registrar to offer

    Registrar to the Offer
    KFin Technologies Private Limited
    Selenium Tower B
    Plot 31 & 32, Gachibowli
    Financial District, Nanakramguda
    Serilingampally, Hyderabad 500 032
    Telephone: +91 40 6716 2222
    Email: krsnaa.ipo@kfintech.com
    Website: www.kfintech.com/
    Investor grievance e-mail:
    einward.ris@kfintech.com
    Contact person: M. Murali Krishna
    SEBI registration number:
    INR000000221

    Krsnaa IPO – Other Details

    • Statutory Auditor – MSKA & Associates
    • Legal Counsel to the Company – Khaitan & Co
    • Bankers to the Company –  NA


    Krsnaa Diagnostics IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Krsnaa Diagnostics Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Krsnaa Diagnostics IPO Review FAQs

      Ques – What is the Issue Size of Krsnaa Diagnostics IPO?

      Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      Ques – What is the Price band of Krsnaa Diagnostics IPO?

      Answer – The price band for this particular IPO ranges between Rs 933 to Rs 954. As far as the face value of the share is of concern, it is Rs.5 per share.

      Ques – What is the Krsnaa Diagnostics IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 4, 2021, while the closing date is set at Aug 6, 2021.

      Ques – What is the Krsnaa Diagnostics IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 11, 2021, refund initiation is on Aug 12, 2021, credit of shares is on Aug 13, 2021, and share listing date is on Aug 17, 2021.

      Ques – What is the Krsnaa Diagnostics IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges on Aug 17, 2021. The date, when the listing would be done, is stagnant on Aug 17, 2021.

      Ques – Who is the Registrar of Krsnaa Diagnostics IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of Krsnaa Diagnostics IPO?

      Answer – Here are the promoters of this IPO – RAJENDRA MUTHA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is the GMP of Krsnaa Diagnostics IPO?

      Answer – They have obtained the GMP of this IPO and it is Rs 320. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is Krsnaa Diagnostics IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of Krsnaa Diagnostics Company?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 1,849.29, 2020 is (1,119.51), 2019 is (580.57).


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