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Krsnaa Diagnostics Limited IPO (Krsnaa Diagnostics IPO) Detail

August 4, 2021 - August 6, 2021

Krsnaa Diagnostics IPO is a book built issue of Rs 1,213.33 crores. The issue comprises of fresh issue of Rs 400.00 crore and offer for sale of 0.85 crore shares.

Krsnaa Diagnostics IPO bidding started from August 4, 2021 and ended on August 6, 2021. The allotment for Krsnaa Diagnostics IPO was finalized on Wednesday, August 11, 2021. The shares got listed on BSE, NSE on August 16, 2021.

Krsnaa Diagnostics IPO price band is set at ₹933 to ₹954 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹14,310.

The issue includes a reservation of up to 232,288 shares for employees offered at a discount of Rs 93 to the issue price.

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Equirus Capital Private Limited, Iifl Securities Ltd and Jm Financial Limited are the book running lead managers of the Krsnaa Diagnostics IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Krsnaa Diagnostics IPO RHP for detailed information.

Krsnaa Diagnostics IPO Details

IPO Date August 4, 2021 to August 6, 2021
Listing Date August 16, 2021
Face Value ₹5 per share
Price Band ₹933 to ₹954 per share
Lot Size 15 Shares
Total Issue Size[.] shares
(aggregating up to ₹1,213.33 Cr)
Fresh Issue[.] shares
(aggregating up to ₹400.00 Cr)
Offer for Sale8,525,520 shares of ₹5
(aggregating up to ₹813.33 Cr)
Employee Discount Rs 93 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Krsnaa Diagnostics IPO Reservation

Krsnaa Diagnostics IPO offers 7,112,099 shares. 3,752,625 (52.76%) to QIB, 1,876,312 (26.38%) to NII, 1,250,874 (17.59%) to RII, 232,288 (3.27%) to employees. 83,391 RIIs will receive minimum 15 shares and (sNII) and (bNII) will receive minimum 210 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,752,625 (52.76%)NA
NII (HNI) Shares Offered1,876,312 (26.38%)
Retail Shares Offered1,250,874 (17.59%)83,391
Employee Shares Offered232,288 (3.27%)NA
Total Shares Offered7,112,099 (100%)

Krsnaa Diagnostics IPO Timeline (Tentative Schedule)

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

IPO Open Date Wednesday, August 4, 2021
IPO Close Date Friday, August 6, 2021
Basis of Allotment Wednesday, August 11, 2021
Initiation of Refunds Thursday, August 12, 2021
Credit of Shares to Demat Friday, August 13, 2021
Listing Date Monday, August 16, 2021
Cut-off time for UPI mandate confirmation 5 PM on August 6, 2021

Krsnaa Diagnostics IPO Lot Size

Investors can bid for a minimum of 15 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 15 ₹14,310
Retail (Max) 13 195 ₹186,030
Lot Size Calculator

Krsnaa Diagnostics IPO Promoter Holding

Rajendra Mutha is the promoter of the company.

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

About Krsnaa Diagnostics Limited

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 (Krsnaa Diagnostics IPO Objectives)

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 Review (May apply)

[Dilip Davda]  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...


Krsnaa Diagnostics IPO Subscription Status (Bidding Detail)

The Krsnaa Diagnostics IPO is subscribed 64.38 times on August 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 Details

Listing Date August 16, 2021
BSE Script Code 543328
NSE Symbol KRSNAA
ISIN INE08LI01020
Final Issue Price ₹954 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue 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

Check IPO Performance…

Krsnaa Diagnostics Limited Contact Details

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://kosmic.kfintech.com/ipostatus/

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 August 4, 2021, and closes on August 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 August 4, 2021 and closes on August 6, 2021.

Krsnaa Diagnostics IPO lot size is 15 Shares, and the minimum amount required is ₹14,310.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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675 Comments

333. Sandy262 |   Link |  Bookmark |September 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 |  Bookmark |September 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 |  Bookmark |August 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 |  Bookmark |August 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 |  Bookmark |August 19, 2021 5:01:05 PM
Emcure Pharma File DRHP 4500-5000cr
329. ANKUSH BADERA |   Link |  Bookmark |August 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 |  Bookmark |August 19, 2021 11:04:44 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
Mail to... krsnaa.ipo@kfintech.com
328. Hyderabad Ipo lover |   Link |  Bookmark |August 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 |  Bookmark |August 18, 2021 11:06:48 AM
Koi best share suggest kro short term ke liye?
326. PearlRohit |   Link |  Bookmark |August 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 |  Bookmark |August 17, 2021 3:24:59 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Bought...✌️@945....will add more@-10%..
Investment period ," jab tak hai jaan".
325. 🔥 IPO CALLING 🔥 |   Link |  Bookmark |August 17, 2021 2:35:16 PM
IPO Mentor IPO Mentor (900 Posts, 600+ Likes)
Discounts

Discounts.

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

What is going on ..

324. Monster Zero |   Link |  Bookmark |August 17, 2021 1:28:36 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Any idea when the Q1 2022 results will be announced???
Because that could be the turning point in this stock.
323. Stefan |   Link |  Bookmark |August 17, 2021 1:00:52 PM
I want ur suggestions about krsnna .....
322. Stefan |   Link |  Bookmark |August 17, 2021 12:59:02 PM
Ye krsnna to bss niche hi jaa rha h .....
321. Noorul Khan |   Link |  Bookmark |August 16, 2021 5:37:45 PM
🚩 Marked safe from Aptus , Chemplast and Nuvoco..
321.5. lokes |   Link |  Bookmark |August 17, 2021 11:28:40 AM
IPO Guru IPO Guru (4300+ Posts, 5100+ 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 |  Bookmark |August 17, 2021 12:30:20 PM
IPO Guru IPO Guru (1000+ Posts, 500+ 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 |  Bookmark |August 17, 2021 12:01:01 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Krishna Diagnostics Gai Bhes Pani me
319. rsk |   Link |  Bookmark |August 16, 2021 9:27:23 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
16-Aug-21      KRSNAA      Krsnaa Diagnostics Ltd      BIRLA SUN LIFE INSURANCE CO LTD      BUY      230000      1023.34      -
319.1. Monster Zero |   Link |  Bookmark |August 16, 2021 10:48:13 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Good sign ... waiting for 1250....hope 6 months me break kare.
318. Regulagedda Ambica Prasad |   Link |  Bookmark |August 16, 2021 7:07:24 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Started bottom fishing at 991
317. AhireR |   Link |  Bookmark |August 16, 2021 9:52:36 AM
IPO Mentor IPO Mentor (800+ 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 |  Bookmark |August 16, 2021 12:16:27 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
@poweruser
Ohk ohk..I thought u were against it..😃
317.8. AhireR |   Link |  Bookmark |August 16, 2021 5:07:28 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
@jstm ji
Aapka exxaro ka short term target shayad clear ho jayega 2-3 uc me..🤗
316. ipolelo |   Link |  Bookmark |August 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 |  Bookmark |August 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 |  Bookmark |August 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?