Vijaya Diagnostic IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Sep 01, 2023Let’s have a detailed review of the company and analytics of the Vijaya Diagnostic IPO release date, IPO offer price, subscription, Vijaya Diagnostic IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs 522 to Rs 531 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 28 Shares |
| Listing Date | Sep 14, 2021 |
| Offer for Sale | Rs 18950.4 Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs 18950.4 Million |
| Tick Size | 1 |
Vijaya Diagnostic IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Vijaya Diagnostic IPO – Summary
They are the largest integrated diagnostic chain in southern India, by operating revenue, and also one of the fastest-growing diagnostic chains by revenue for the fiscal year 2020.
They offer a one-stop solution for pathology and radiology testing services to their customers through their extensive operational network, which consists of 80 diagnostic centres and 11 reference laboratories across 13 cities and towns in the states of Telangana and Andhra Pradesh and the National Capital Region and Kolkata.
During the fiscal year 2021, they derived 96.2% of their revenue from operations from their core geographies, Hyderabad and the rest of Telangana and Andhra Pradesh.
The Promoter of this company is DR. S. SURENDRANATH REDDY. The lead manager to the issue is ICICI Securities Limited, Edelweiss Financial Services Limited, and Kotak Mahindra Capital Company Limited, and the Registrar to this issue is KFin Technologies Private Limited.
Vijaya Diagnostic IPO Date
The opening and the closing date of the IPO of Vijaya Diagnostic Centre Limited are Sep 1, 2021, and Sep 3, 2021, respectively.
Check out Related IPO Links:
| Vijaya Diagnostic IPO GMP |
| Allotment – Vijaya Diagnostic IPO |
Vijaya Diagnostic IPO Subscription
| Day / Date | QIB | NII | RII | Employee | Total Subscription |
| 1st Day – 1st Sep | 0.23x | 0.01x | 0.46x | 0.24x | 0.30x |
| 2nd Day – 2nd Sep | 0.32x | 0.05x | 0.74x | 0.52x | 0.47x |
| 3rd Day – 3rd Sep | 13.07x | 1.32x | 1.09x | 0.98x | 4.54x |
| Shares Offered or Net Issue | 7,107,613 | 5,330,710 | 12,438,323 | 150,000 | 25,026,646 |
The shares subscribed by the public will be updated here.
Check Vijaya Diagnostic IPO LIVE Subscription
- Vijaya Diagnostic Centre IPO LIVE Bid details on BSE
- Vijaya Diagnostic Centre IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Vijaya Diagnostic 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.
Vijaya Diagnostic Centre IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 8, 2021 |
| Refunds Initiation | Sep 9, 2021 |
| Credit of Shares to Demat Account | Sep 13, 2021 |
| Share Listing Date | Sep 14, 2021 |
Vijaya Diagnostic IPO Price Band
The face value of each share is Rs.1, but the price band of the IPO is Rs 522 to Rs 531
Vijaya Diagnostic IPO Equity Size
This Initial Public Issue of 35,688,064 Equity Shares of Rs.1 each for cash at a price of Rs 522 to Rs 531 per equity share aggregating to Rs.18950.4 Million.
Vijaya Diagnostic IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.1/ each.
Issue Size: X Equity Shares of Rs.1 each, aggregating to Rs.18950.4 Million
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Vijaya Diagnostic Centre IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
Vijaya Diagnostic IPO Grey Market Premium
The Vijaya Diagnostic Centre Limited IPO Grey Market Premium price is Rs 5, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0.
Vijaya Diagnostic Centre IPO – Company Overview
They offer a comprehensive range of approximately 740 routine and 870 specialized pathology tests and approximately 220 basic and 320 advanced radiology tests that cover a range of specialities and disciplines, as of March 31, 2021.
Their test menu includes pathology tests ranging from basic biochemistry and clinical pathology to cytogenetics and high-end molecular diagnostic tests, and radiology tests ranging from basic echocardiograms, X-rays and ultrasounds to advanced radiology tests including computerised tomography (“CT”) scans, magnetic resonance imaging (“MRI”) scans, single-photon emission computed tomography (“SPECT”) and advanced positron emission tomography CT (“PET CT”).
They also offer a broad spectrum of health and wellness packages to their customers as per their requirements. They focus on a customer-centric approach to enhance the overall quality of their services for optimal customer satisfaction.
Vijaya Diagnostic 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-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 5,409.40 | 4,822.56 | 4,064.30 |
| *Total Revenue | 3,885.93 | 3,541.82 | 3,029.44 |
| Total Expense | 2,764.69 | 2,707.55 | 2,376.26 |
| Profit After Tax | 849.11 | 625.07 | 462.72 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 8.26 | 6.13 | 4.50 |
Vijaya Diagnostic Centre IPO – Promoters
The Promoter of this company is:
- DR. S. SURENDRANATH REDDY
List of Related Parties (Key Managerial Personnel)
- Dr S. Surendranath Reddy, Executive Chairman
- Sunil Chandra Kondapally, Executive Director
- S Geeta Reddy, Non-Executive Director
- Nishant Sharma, Non-executive, Nominee Director
- Dr D Nageshwar Reddy, Non-executive, Independent Director
- Shekhar Prasad Singh, Non-executive, Independent Director
- P S Narasimha, Non-executive, Independent Director
Vijaya Diagnostic Centre IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Vijaya Diagnostic IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 35,688,064 Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding before the Issue | 101,965,926 Equity Shares |
| Equity Shares outstanding after the Issue | 101,965,926 Equity Shares |
Vijaya Diagnostic IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To carry out the Offer for Sale of up to 35,688,064 Equity Shares by the Selling Shareholders;
2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Vijaya Diagnostic Centre IPO – Business Strategy
- Deepen Footprint in their Core Markets
- Leveraging their Existing Presence by Focusing on Setting up Spoke Centres and Increasing Home Collection in Existing Catchment Areas
- Continue to Focus on Providing Customer-Centric Services and Offerings
- Expand in Adjacent Geographies and East India
- Supplement Organic Growth with Selective Acquisitions
Vijaya Diagnostic 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:
- Largest and fastest-growing diagnostic chain with a dominant position in south India well positioned to leverage the high growth in the Indian diagnostics industry
- Integrated diagnostics provider that offers a one-stop solution at an affordable price with a focus on superior quality standards;
- High brand recall driving high individual consumer business share and customer stickiness;
- Strong technical capabilities, quality infrastructure and state of the art medical technology with strong IT infrastructure and
- Dedicated management team with significant industry experience
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 8.26 | 23.64 | 35.23 |
| 31-Mar-20 | 6.13 | 22.80 | – |
| Mar-19 | 4.50 | 22.35 | – |
Vijaya Diagnostic Centre IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS Basic (Rs.) | EPS Diluted (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Vijaya Diagnostic Centre Limited | 1 | [●] | 8.26 | 8.26 | 23.64 | 3,592.32 |
| Listed Peers | ||||||
| Dr Lal Path Labs Limited | 10 | 79.39 | 35.33 | 35.25 | 23.42 | 12,450 |
| Metropolis Healthcare Limited | 2 | 69.89 | 35.97 | 35.79 | 25.91 | 7,066 |
Vijaya Diagnostic IPO Lead Managers
| Lead Managers |
|
ICICI Securities Limited Edelweiss Financial Services Limited Kotak Mahindra Capital Company Limited |
Vijaya Diagnostic IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Private Limited Selenium, Tower B, Plot No- 31 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareedi 500 032, Telangana, India Tel: +91 40 6716 2222/ 1800 309 4001 E-mail: vijaya.ipo@kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: M Murali Krishna SEBI Registration No.: INR000000221 |
Vijay Diagnostic Centre IPO – Other Details
- Statutory Auditor – B S R & Associates LLP
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Vijay Diagnostic Centre IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Vijaya Diagnostic IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Vijaya Diagnostic Centre IPO Review FAQs
What is the Issue Size of Vijaya Diagnostic IPO?
The Company is making an initial public offer of 35,688,064 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.
What is the Price band of Vijaya Diagnostic IPO?
The price band for this particular IPO ranges between Rs 522 to Rs 531. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the Vijaya Diagnostic Centre IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 1, 2021, while the closing date is set at Sep 3, 2021.
What is the Vijaya Diagnostic IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 8, 2021, refund initiation is on Sep 9, 2021, credit of shares is on Sep 13, 2021, and share listing date is on Sep 14, 2021.
What is the Vijaya Diagnostic IPO Listing Date?
Shares of this company shall be listed in the exchanges on Sep 14, 2021. The date, when the listing would be done, is stagnant on Sep 14, 2021.
Who is the Registrar of Vijaya Diagnostic Centre IPO?
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.
Who is the Promoter of Vijay Diagnostic IPO?
Here are the promoters of this IPO – DR. S. SURENDRANATH REDDY. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Vijay Diagnostic IPO?
They have obtained the GMP of this IPO and it is Rs 5. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Vijaya Diagnostic Centre IPO good for Investment?
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.
What is the PAT of Vijaya Diagnostic Centre?
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 849.11, 2020 is 625.07, and 2019 is 462.72.
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