Vijaya Diagnostic Center’s Rs 1,895.04 crore initial public offering (IPO) opens for subscription in the present day i.e. September 1 and will close on September 3. The Kedaara Capital-backed diagnostic chain’s IPO is completely a suggestion on the market of 35.69 million shares by current shareholders. The shares will be offered within the worth band of Rs 522-Rs 531 a share and are more likely to be listed on September 14.
Bidders can bid within the public challenge of the for one lot of 28 shares and in multiples thereof, extending as much as 13 heaps. Around 50 per cent of the shares on provide will be reserved for certified institutional consumers (QIBs), 15 per cent for non-institutional traders (NIIs) and 35 per cent for retail traders.
Vijaya Diagnostic will not obtain any funds from the IPO as it’s completely a suggestion on the market.
Vijaya Diagnostic Center, promoted by Dr S Surendranath Reddy, is among the many largest built-in diagnostic chains in south India. It presents pathology and radiology testing providers at 80 diagnostic facilities and 11 reference laboratories in Telangana, Andhra Pradesh, NCR and Kolkata.
Edelweiss Financial Services, ICICI Securities and Kotak Mahindra Capital will be the guide operating lead managers to the difficulty, whereas KFintech will be the registrar.