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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 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

Krsnaa Diagnostics IPO Date Aug 4, 2021 to Aug 6, 2021
Krsnaa Diagnostics IPO Face Value ₹5 per share
Krsnaa Diagnostics IPO Price ₹933 to ₹954 per share
Krsnaa Diagnostics IPO Lot Size 15 Shares
Issue Size[.] shares of ₹5
(aggregating up to ₹1,213.33 Cr)
Fresh Issue[.] shares of ₹5
(aggregating up to ₹400.00 Cr)
Offer for Sale8,525,520 shares of ₹5
(aggregating up to ₹813.33 Cr)
Employee Discount 93
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

Rajendra Mutha is the promoter of the company.

Krsnaa Diagnostics IPO Timeline (Tentative Timetable)

Krsnaa Diagnostics IPO opens on Aug 4, 2021, and closes on Aug 6, 2021. The Krsnaa Diagnostics IPO bid date is from Aug 4, 2021 10.00 A.M. to Aug 6, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Krsnaa Diagnostics IPO Opening Date Aug 4, 2021
Krsnaa Diagnostics IPO Closing Date Aug 6, 2021
Basis of Allotment Aug 11, 2021
Initiation of Refunds Aug 12, 2021
Credit of Shares to Demat Aug 13, 2021
Krsnaa Diagnostics IPO Listing Date Aug 16, 2021

Krsnaa Diagnostics IPO Lot Size

The Krsnaa Diagnostics IPO 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
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 Review

Healthcare sector counters marked hefty gains amidst pandemic scare and currently witnessing some corrections from the higher levels. KDL has posted net profits for FY21 on account of one-time gains and even with these earnings, its issue is aggressively priced at a P/E of 80+ and is thus a costly bet against listed peers. In fact, it has a negative P/E. The segment is highly fragmented with many unorganized players and also having tough competitions from organized players. Considering all these, cash surplus/risk seekers may consider investing in this highly-priced offer, others can avoid. Read detail review...

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Krsnaa Diagnostics IPO Subscription Status (Bidding Detail)

The Krsnaa Diagnostics IPO is subscribed 64.38 times on Aug 6, 2021 6:50:00 PM. The public issue subscribed 41.95 times in the retail category, 49.83 times in the QIB category, and 116.30 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 35.79 times

CategorySubscription (times)
QIB49.83
NII116.30
Retail41.95
Employee0.98
Total64.38

Krsnaa Diagnostics IPO Prospectus

Krsnaa Diagnostics IPO Rating

966
4.0
Rating:Rated 4.0 stars
Vote Here ...

Krsnaa Diagnostics IPO Listing Date

Listing Date Monday, August 16, 2021
BSE Script Code 543328
NSE Symbol KRSNAA
Listing In B Group of Securities
ISIN INE08LI01020
IPO Price ₹954 per share
Face Value ₹5 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹954.00
₹1,025.00
₹961.45
₹1,099.50
₹990.75
NSE
₹954.00
₹1,005.55
₹960.00
₹1,099.70
₹987.00

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
Email: cs@krsnadiagnostics.com
Website: https://krsnaadiagnostics.com/

Krsnaa Diagnostics IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: krsnaa.ipo@kfintech.com
Website: https://karisma.kfintech.com/

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 share. The minimum order quantity is 15 Shares.

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

KFin Technologies 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 .

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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Krsnaa Diagnostics IPO Message Board

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675 Comments

333. Sandy262 |   Link |Sep 28, 2021 10:23:39 AM
Why it is getting down?

I am still holding 3 lots :(
Can anyone please guide what to do now??

I wish I could sell it with no profit/no loss
332. varunsawhney |   Link |Sep 12, 2021 11:27:43 PM
Can anyone throw some light on the Management of this company? Can''t find any doctors, radiologists etc on the Management Team. Also past experience of the MD has been in running a boutique. Other management team if from a finance background. Something doesn''t link well in all this!! Also promoter holding is low. All this is raising question mark about this company.
Any comments?
331. Charvi |   Link |Aug 23, 2021 9:44:03 AM
Hi, Can some one suggest Krsnaa Diagnostics should be sold in loss as its falling. Or holding it for 3-5 months would be beneficial? Will this go beyond 1100.
331.1. jstm |   Link |Aug 24, 2021 5:17:53 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
Wait for Vijaya Diagnostic IPO.It will catch momentum.Don''t worry if you are holding 3-4 months.
330. MS ASSOCIATE |   Link |Aug 19, 2021 5:01:05 PM
Emcure Pharma File DRHP 4500-5000cr
329. ANKUSH BADERA |   Link |Aug 19, 2021 7:51:21 AM
My amount fir krsnaa diagnostics still blocked. How to release my money. Please suggest
329.1. Cautious ipo |   Link |Aug 19, 2021 11:04:44 AM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Mail to... krsnaa.ipo@kfintech.com
328. Hyderabad Ipo lover |   Link |Aug 18, 2021 5:27:56 PM
Can someone suggest if we can buy this at Rs.970 and hold for 6 months
327. Stefan |   Link |Aug 18, 2021 11:06:48 AM
Koi best share suggest kro short term ke liye?
326. PearlRohit |   Link |Aug 17, 2021 2:43:02 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
DISCOUNT PE MIL RHA HAI. JIS KO LENA HAI VO LE LE. RASTE KA MAL SASTE ME. HIGH VALUATION. RISKY BUY
326.1. Monster Zero |   Link |Aug 17, 2021 3:24:59 PM
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Bought...✌️@945....will add more@-10%..
Investment period ," jab tak hai jaan".
325. 🔥 IPO CALLING 🔥 |   Link |Aug 17, 2021 2:35:16 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Discounts

Discounts.

Birla brought heavy stake after listing..if their fund manager full ?

What is going on ..

324. Monster Zero |   Link |Aug 17, 2021 1:28:36 PM
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Any idea when the Q1 2022 results will be announced???
Because that could be the turning point in this stock.
323. Stefan |   Link |Aug 17, 2021 1:00:52 PM
I want ur suggestions about krsnna .....
322. Stefan |   Link |Aug 17, 2021 12:59:02 PM
Ye krsnna to bss niche hi jaa rha h .....
321. Noorul Khan |   Link |Aug 16, 2021 5:37:45 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
🚩 Marked safe from Aptus , Chemplast and Nuvoco..
321.5. lokes |   Link |Aug 17, 2021 11:28:40 AM
IPO Guru IPO Guru (3000+ Posts, 3100+ Likes)
even this krsnaa is also struggling, not trading as per subscription figures...
so both subscription and gmp can ditch anytime.....
321.6. sdz |   Link |Aug 17, 2021 12:30:20 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Now from the current IPO lot I''m holding 500Devyani@107, 100Krsna@973 after intraday profit, 57 CarTrade@1,618. Hope midcap sentiment improves. Applied in Aptus from 2 retail
320. Adp |   Link |Aug 17, 2021 12:01:01 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Krishna Diagnostics Gai Bhes Pani me
319. rsk |   Link |Aug 16, 2021 9:27:23 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
16-Aug-21      KRSNAA      Krsnaa Diagnostics Ltd      BIRLA SUN LIFE INSURANCE CO LTD      BUY      230000      1023.34      -
319.1. Monster Zero |   Link |Aug 16, 2021 10:48:13 PM
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Good sign ... waiting for 1250....hope 6 months me break kare.
318. Regulagedda Ambica Prasad |   Link |Aug 16, 2021 7:07:24 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Started bottom fishing at 991
317. AhireR |   Link |Aug 16, 2021 9:52:36 AM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
Believe it or not, krsnaa and exxaro will reward you more than devyani in long term..Don''t be just an ipo player..
317.7. AhireR |   Link |Aug 16, 2021 12:16:27 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
@poweruser
Ohk ohk..I thought u were against it..😃
317.8. AhireR |   Link |Aug 16, 2021 5:07:28 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
@jstm ji
Aapka exxaro ka short term target shayad clear ho jayega 2-3 uc me..🤗
316. ipolelo |   Link |Aug 16, 2021 3:54:32 PM
IPO mania over, let retailers lose money for 2 weeks, then again we will apply IPO
315. ROCKYBHAI |   Link |Aug 16, 2021 2:38:16 PM
This Share is falling like anything, GMP of rs 350 was to fool the retailers and GMP is 0
Very bad IPO.
314. Stefan |   Link |Aug 16, 2021 2:18:13 PM
@ipo guru..... please suggest

I ordered 15 shares of krssna at 1067 by mistake.... So what will i do now?