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Let’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 ValueRs 1
Price BandRs 522 to Rs 531
Listing AtBSE, NSE
Min. Order Quantity28 Shares
Listing DateSep 14, 2021
Offer for SaleRs 18950.4 Million
Fresh IssueRs Million
IPO SizeRs 18950.4 Million
Tick Size1

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


Vijaya Diagnostic IPO – Summary

Vijaya Diagnostic IPOThey 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 / DateQIBNIIRIIEmployeeTotal Subscription
1st Day – 1st Sep0.23x0.01x0.46x0.24x0.30x
2nd Day – 2nd Sep0.32x0.05x0.74x0.52x0.47x
3rd Day – 3rd Sep13.07x1.32x1.09x0.98x4.54x
Shares Offered or Net Issue7,107,6135,330,71012,438,323150,00025,026,646

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 FinalizationSep 8, 2021
Refunds InitiationSep 9, 2021
Credit of Shares to Demat AccountSep 13, 2021
Share Listing DateSep 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-2131-Mar-20Mar-19
    Total Assets5,409.404,822.564,064.30
    *Total Revenue3,885.933,541.823,029.44
    Total Expense2,764.692,707.552,376.26
    Profit After Tax849.11625.07462.72

    Earnings per Equity Share (in Million)

    31-Mar-2131-Mar-20Mar-19
    Basic & Diluted8.266.134.50

    Vijaya Diagnostic Centre IPO – Promoters

    The Promoter of this company is:

    1. 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 MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    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 before the Issue101,965,926 Equity Shares
     Equity Shares outstanding after the Issue101,965,926 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 EPSRONW (%)NAV (Rs.)
    31-Mar-218.2623.6435.23
    31-Mar-206.1322.80
    Mar-194.5022.35

    Vijaya Diagnostic Centre IPO: Competitive Peers

    Face Value (Rs.)P/EEPS Basic  (Rs.)EPS Diluted (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Vijaya Diagnostic Centre Limited1[●]8.268.2623.643,592.32
    Listed Peers
    Dr Lal Path Labs Limited1079.3935.3335.2523.4212,450
    Metropolis Healthcare Limited269.8935.9735.7925.917,066

    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 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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      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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