Vijaya Diagnostic IPO to hit the market on 01 September 2021 as per RHP filed by the company. Vijaya Diagnostic Center Limited IPO to raise 1895 crores via IPO that comprises offer for sale of 35,688,064 equity shares of existing share holders.
The company got the SEBI’s go ahead for an IPO. The face value of the IPO is ₹1. The purpose of the IPO is to achieve the benefits of listing the equity shares on the Stock Exchanges and offer for sale of the existing share holders.
About Company
Vijaya Diagnostic Center (VDC) is one of the largest diagnostic network in India. They have over 80 state-of-art-centers across the 13 cities.
They have team of over 2200 professionals of top radiologists, pathologists and healthcare professionals.
They offer routine tests, pathology tests, basis tests and radiology tests for patients. They also have their customized health and wellness packages.
They have their foot-fall over 63 Centers in Hyderabad, in addition to other branches in Sangareddy, Warangal, Hanmakonda, Karimnagar, Nizamabad, Kurnool, Nellore, Visakhapatnam, Kolkata and Gurgaon.
IPO details
| IPO Open: | 01 September 2021 |
| IPO Close: | 03 September 2021 |
| IPO Size: | Approx ₹1,895.04 Crores |
| Fresh Issue: | N/A |
| Offer for Sale: | Approx ₹1,895.04 Crores (35,688,064 equity shares) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹522 to ₹531 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| QIB Portion: | 50% |
| NII Portion: | 15% |
| Discount: | ₹52 per equity share for Employees |
Market Lot
The Vijaya Diagnostic IPO minimum market lot is 28 shares with ₹14,868 application amount. The retail investors can apply up-to 13 lots, 364 shares with ₹193,284 application amount.
IPO schedule
| Price Band Announcement: | 25 August 2021 |
| Anchor Investors Allotment: | 31 August 2021 |
| IPO Open Date: | 01 September 2021 |
| IPO Close Date: | 03 September 2021 |
| Basis of Allotment: | 08 September 2021 |
| Refunds: | 09 September 2021 |
| Credit to Demat Account: | 13 September 2021 |
| IPO Listing Date: | 14 September 2021 |
Lead Managers
- Edelweiss Financial Services Ltd
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
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