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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
| IPO Date | Aug 4, 2021 to Aug 6, 2021 |
| Listing Date | Aug 16, 2021 |
| Face Value | ₹5 per share |
| Price | ₹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 Sale | 8,525,520 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 |
| QIB Shares Offered | 3,752,625 (52.76%) |
| NII (HNI) Shares Offered | 1,876,312 (26.38%) |
| Retail Shares Offered | 1,250,874 (17.59%) |
| Total Shares Offered | 7,112,099 |
Krsnaa Diagnostics IPO opens on Aug 4, 2021, and closes on Aug 6, 2021.
| Event | Tentative Date |
|---|---|
| Opening Date | Aug 4, 2021 |
| 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 |
| Listing Date | Aug 16, 2021 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Krsnaa Diagnostics IPO lot size is 15 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,310 |
| Retail (Max) | 13 | 195 | ₹186,030 |
| Lot Size Calculator | |||
Rajendra Mutha is the promoter of the company.
| Pre Issue Share Holding | 31.62% |
| Post Issue Share Holding | 27.38% |
| 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) | ||
The net proceed from the IPO will be utilized for the following purposes;
[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...
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
| Category | Subscription (times) |
|---|---|
| QIB | 49.83 |
| NII | 116.30 |
| Retail | 41.95 |
| Employee | 0.98 |
| Total | 64.38 |
| Listing Date | Aug 16, 2021 |
| BSE Script Code | 543328 |
| NSE Symbol | KRSNAA |
| ISIN | INE08LI01020 |
| Final Issue Price | ₹954 per share |
| 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 |
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/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: krsnaa.ipo@kfintech.com
Website: https://karisma.kfintech.com/
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
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, Nuvama, 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.
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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