IPO Issue Details
Issue Price / Price Band₹954 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size15 Shares per Lot
Total Issue Size1,27,31,605 shares (aggregating up to ₹1,213.33 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 04 Aug 2021
Subscription CloseFri, 06 Aug 2021
Anchor AllotmentTue, 03 Aug 2021
Basis of AllotmentWed, 11 Aug 2021
Initiation of RefundsThu, 12 Aug 2021
Credit of Shares to DematFri, 13 Aug 2021
Listing DateMon, 16 Aug 2021
UPI Mandate Deadline2021-08-06
Application & Investment Details
Retail — Min (1 Lots)₹14,310 — 15 shares
Retail — Max (13 Lots)₹186,030 (13 Lots)
HNI — Min (14 Lots)₹2,00,340 — 210 shares
Pre-IPO Promoter Holding2,71,91,528 shares
Post-IPO Promoter Holding3,14,07,044 shares
Fresh Issue Shares42,06,085 shares (aggregating up to ₹400.84 Cr)
Offer for Sale Shares85,25,520 shares of ₹5 (aggregating up to ₹812.49 Cr)
About Krsnaa Diagnostics Ltd.
Incorporated in 2010, Krsnaa Diagnostics Ltd is one of the fastest-growing diagnostic chains in India. The company offers a wide range of diagnostic services such as imaging/radiology services (X-rays, MRI, etc.), routine clinical laboratory tests, pathology, and tele-radiology services to private and public hospitals, medical colleges, and community health centres.The firm has an extensive network of diagnostic centres across India with a key focus on non-metro, and lower tier cities and towns. As of December 31, 2020, it operates 1,801 diagnostic centres that are offering radiology and pathology services across 13 different cities in India. In fiscal 2020, the business has served 5.27 million patients.Competitive StrengthsDifferentiated diagnostic service provider company in India.A comprehensive range of diagnostic services i.e. imaging, pathology, etc.Strong brand equity with quality healthcare services at affordable prices.Extensive market footprint in 13 states across India.Consistent financial performance track record.
Objects of the Issue
Krsnaa Diagnostics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Proposing to finance the cost of establishing diagnostics centres at Punjab, Karnataka, Himachal Pradesh and Maharashtra.
150.81
2
2 Repayment/pre-payment, in full or part, of borrowings from banks and other lenders availed by the Company; and
146.08
3
3 General corporate purposes
81.74
Shareholding & Lock-in
Pre-IPO Promoter Holding
2,71,91,528 shares
Post-IPO Promoter Holding
3,14,07,044 shares
Lock-in Period (30%)September 10, 2021
Lock-in Period (50%)November 9, 2021