Krsnaa Diagnostics Limited IPO (Krsnaa Diagnostics IPO) Detail

Aug 4, 2021 - Aug 6, 2021

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 Strengths

  • Differentiated 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.

Company Promoters:

Rajendra Mutha is the promoter of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 6,045.30 6,299.82 5,289.85
Total Revenue 6,614.76 2,713.79 2,143.15
Profit After Tax 1,849.29 (1,119.51) (580.57)

Objects of the Issue:

The net proceed from the IPO will be utilized for the following purposes;

  • To finance the cost of establishing diagnostics centres at Punjab, Karnataka, Himachal Pradesh, and Maharashtra.
  • Repayment/pre-payment of firm's borrowings fully or partially.
  • General corporate purposes.

Krsnaa Diagnostics IPO Details

IPO Opening Date Aug 4, 2021
IPO Closing Date Aug 6, 2021
Issue Type Book Built Issue IPO
Face Value ₹5 per equity share
IPO Price ₹933 to ₹954 per equity share
Market Lot 15 Shares
Min Order Quantity 15 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹5
(aggregating up to ₹1,213.33 Cr)
Fresh Issue[.] Eq Shares of ₹5
(aggregating up to ₹400.00 Cr)
Offer for Sale8,525,520 Eq Shares of ₹5
(aggregating up to ₹813.33 Cr)
Employee Discount 93

Krsnaa Diagnostics IPO Tentative Timetable

The Krsnaa Diagnostics IPO open date is Aug 4, 2021, and the close date is Aug 6, 2021. The issue may list on Aug 16, 2021.

IPO Open Date Aug 4, 2021
IPO Close Date Aug 6, 2021
Basis of Allotment Date Aug 11, 2021
Initiation of Refunds Aug 12, 2021
Credit of Shares to Demat Account Aug 13, 2021
IPO Listing Date Aug 16, 2021

Krsnaa Diagnostics IPO Lot Size

The Krsnaa Diagnostics IPO market lot size is 15 shares. A retail-individual investor can apply for up to 13 lots (195 shares or ₹186,030).

Application Lots Shares Amount (Cut-off)
Minimum 1 15 ₹14,310
Maximum 13 195 ₹186,030

Krsnaa Diagnostics IPO Promoter Holding

Pre Issue Share Holding 31.62%
Post Issue Share Holding 27.38%

Krsnaa Diagnostics IPO Subscription Status (Bidding Detail)

The Krsnaa Diagnostics IPO is subscribed 64.38 times on Aug 6, 2021 18:50. The public issue subscribed 41.95 in the retail category, 49.83 in the QIB category, and 116.30 in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 35.79 times

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Krsnaa Diagnostics IPO Prospectus

Krsnaa Diagnostics IPO Rating

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Krsnaa Diagnostics IPO Listing Date

Listing Date Monday, August 16, 2021
BSE Script Code 543328
Listing In B Group of Securities
IPO Price ₹954 per equity share
Face Value ₹5 per equity share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Krsnaa Diagnostics Limited
S.No. 243, A-Hissa No. 6, CTS No. 4519, 4519/1,
Chinchwad, Taluka – Haveli, Pune - 411 019

Phone: +91 20 4695 4695

Krsnaa Diagnostics IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000

Krsnaa Diagnostics IPO FAQs

Krsnaa Diagnostics IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹1,213.33 Crores. The issue is priced at ₹933 to ₹954 per equity share. The minimum order quantity is 15 Shares.

The IPO opens on Aug 4, 2021, and closes on Aug 6, 2021.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Krsnaa Diagnostics IPO using UPI as a payment gateway. Zerodha customers can apply in Krsnaa Diagnostics IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Krsnaa Diagnostics IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Krsnaa Diagnostics IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Krsnaa Diagnostics IPO opens on Aug 4, 2021 and closes on Aug 6, 2021.

Krsnaa Diagnostics IPO lot size is 15 Shares and the minimum order quantity is 15 Shares.

You can apply in Krsnaa Diagnostics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Krsnaa Diagnostics IPO will be done on Aug 11, 2021, and the allotted shares will be credited to your demat account by Aug 13, 2021. Check the Krsnaa Diagnostics IPO allotment status.

The Krsnaa Diagnostics IPO listing date is on Monday, August 16, 2021.

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