HomeBusinessVijaya Diagnostic Center Has A Subdued Debut, Lists At 2% Premium On...

Vijaya Diagnostic Center Has A Subdued Debut, Lists At 2% Premium On BSE and NSE

Vijaya Diagnostic Has A Subdued Debut, Lists At 2% Premium On BSE

At 10:10 am, Vijaya Diagnostic shares had been buying and selling greater by 8.8 per cent on BSE

Vijaya Diagnostic Center’s shares made a subdued debut on the bourses. The shares of the Kedaara Capital-backed diagnostic chain listed at Rs 542.30 on the BSE, a premium of two.13 per cent in comparison with the difficulty worth of Rs 531 per share. On the NSE, the shares opened at Rs 540, a premium of 1.69 per cent. At 10:10 am, Vijaya Diagnostic shares had been buying and selling at Rs 577, greater by 8.8 per cent, on the BSE and at Rs 576.25, up 8.5 per cent, on the BSE.

Vijaya Diagnostic Center’s public problem was completely a proposal on the market of 35.69 million shares by current shareholders and promoters, together with Dr S Surenranath Reddy, Karakoram and Kedaara Capital Alternative Investment Fund – Kedaara Capital AIF I.

The public supply was subscribed 4.54 occasions. The certified institutional patrons phase was subscribed 13.07 occasions, the non-institutional traders was subscribed 1.32 occasions and retail investor portion was subscribed 1.09 occasions.

Vijaya Diagnostic Center was promoted by Dr S Surendranath Reddy. It is among the many largest built-in diagnostic chains in south India, providing pathology and radiology testing providers at 80 diagnostic facilities and 11 reference laboratories throughout 13 cities and cities in Telangana, Andhra Pradesh, NCR and Kolkata.

Edelweiss Financial Services, ICICI Securities and Kotak Mahindra Capital are the ebook operating lead managers to the general public problem, whereas KFintech is the registrar to the difficulty.

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