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Vijaya Diagnostic IPO is a book built issue of Rs 1,895.04 crores. The issue is entirely an offer for sale of 3.57 crore shares.
Vijaya Diagnostic IPO bidding started from September 1, 2021 and ended on September 3, 2021. The allotment for Vijaya Diagnostic IPO was finalized on Wednesday, September 8, 2021. The shares got listed on BSE, NSE on September 14, 2021.
Vijaya Diagnostic IPO price band is set at ₹522 to ₹531 per share. The minimum lot size for an application is 28 Shares. The minimum amount of investment required by retail investors is ₹14,868.
The issue includes a reservation of up to 150,000 shares for employees offered at a discount of Rs 52 to the issue price.
Edelweiss Financial Services Ltd, ICICI Securities Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Vijaya Diagnostic IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Vijaya Diagnostic IPO RHP for detailed information.
| IPO Date | September 1, 2021 to September 3, 2021 |
| Listing Date | September 14, 2021 |
| Face Value | ₹1 per share |
| Price Band | ₹522 to ₹531 per share |
| Lot Size | 28 Shares |
| Total Issue Size | 35,688,064 shares (aggregating up to ₹1,895.04 Cr) |
| Offer for Sale | 35,688,064 shares of ₹1 (aggregating up to ₹1,895.04 Cr) |
| Employee Discount | Rs 52 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Vijaya Diagnostic IPO offers 25,026,646 shares. 7,107,613 (28.40%) to QIB, 5,330,710 (21.30%) to NII, 12,438,323 (49.70%) to RII, 150,000 (0.60%) to employees. 444,225 RIIs will receive minimum 28 shares and (sNII) and (bNII) will receive minimum 392 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 7,107,613 (28.40%) | NA |
| NII (HNI) Shares Offered | 5,330,710 (21.30%) | |
| Retail Shares Offered | 12,438,323 (49.70%) | 444,225 |
| Employee Shares Offered | 150,000 (0.60%) | NA |
| Total Shares Offered | 25,026,646 (100%) |
Vijaya Diagnostic IPO opens on September 1, 2021, and closes on September 3, 2021.
| IPO Open Date | Wednesday, September 1, 2021 |
| IPO Close Date | Friday, September 3, 2021 |
| Basis of Allotment | Wednesday, September 8, 2021 |
| Initiation of Refunds | Thursday, September 9, 2021 |
| Credit of Shares to Demat | Monday, September 13, 2021 |
| Listing Date | Tuesday, September 14, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 3, 2021 |
Investors can bid for a minimum of 28 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 | 28 | ₹14,868 |
| Retail (Max) | 13 | 364 | ₹193,284 |
| Lot Size Calculator | |||
Dr. S. Surendranath Reddy is the promoter of the company.
| Share Holding Pre Issue | 59.78% |
| Share Holding Post Issue | 54.78% |
Established in 1981, Vijaya Diagnostic Centre is one of the fastest-growing diagnostic chains in Southern India. The company offers a one-stop solution for pathology and radiology testing services. The company offers around 740 routine tests, 870 specialized pathology tests, 220 basic tests, and 320 advanced radiology tests. The company also offers a broad spectrum of customized health and wellness packages to its customers.
Company's operational network consists of 80 diagnostic centers and 11 reference laboratories spread across 13 cities and towns in the states of Telangana, Andhra Pradesh, National Capital Region, and Kolkata. 96.2% of the revenue comes from Hyderabad, the rest of Telangana, and the Andhra Pradesh region. During the year ended March 31, 2021, the company conducted approximately 6.20 Mn pathology tests and 0.89 Mn radiology tests for approximately 2.63 Mn customers.
As of March 31, 2021, all Vijaya Diagnostic Centre laboratories hold National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditations, and three diagnostic centers hold Patient Safety & Quality of Care (NABH) accreditations.
Competitive strengths:
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 5,409.40 | 4,822.56 | 4,064.30 | ||
| Total Revenue | 3,885.93 | 3,541.82 | 3,029.44 | ||
| Profit After Tax | 849.11 | 625.07 | 462.72 | ||
The net proceed from the IPO will be utilized towards the following purposes;
[Dilip Davda] This is a majorly south centric diagnostic service provider. The issue is fully priced based on its super performance so far. The segment is getting crowded post-pandemic and thus creating high competition going forward. The recent IPO of south based Krsnaa Diagnostic performed miserably post a listing. This is a pure secondary offer. Considering all these parameters, risk seekers/cash surplus investors may consider an investment with a long term perspective. Read detail review...
The Vijaya Diagnostic IPO is subscribed 4.54 times on September 3, 2021 5:00:00 PM. The public issue subscribed 1.09 times in the retail category, 13.07 times in the QIB category, and 1.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 0.88 times
| Category | Subscription (times) |
|---|---|
| QIB | 13.07 |
| NII | 1.32 |
| Retail | 1.09 |
| Employee | 0.98 |
| Total | 4.54 |
| Listing Date | September 14, 2021 |
| BSE Script Code | 543350 |
| NSE Symbol | VIJAYA |
| ISIN | INE043W01024 |
| Final Issue Price | ₹531 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹531.00 |
| ₹542.30 |
| ₹533.65 |
| ₹650.75 |
| ₹619.30 |
| NSE |
|---|
| ₹531.00 |
| ₹540.00 |
| ₹532.50 |
| ₹648.00 |
| ₹620.10 |
Vijaya Diagnostic Centre Limited
3-6-16 & 17, Street No. 19, Himayatnagar
Hyderabad, 500 029
Phone: +91 40 2342 0411
Email: ir@vijayadiagnostic.in
Website: https://www.vijayadiagnostic.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: vijaya.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Vijaya Diagnostic IPO is a main-board IPO of 35,688,064 equity shares of the face value of ₹1 aggregating up to ₹1,895.04 Crores. The issue is priced at ₹522 to ₹531 per share. The minimum order quantity is 28 Shares.
The IPO opens on September 1, 2021, and closes on September 3, 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 Vijaya Diagnostic IPO using UPI as a payment gateway. Zerodha customers can apply in Vijaya Diagnostic IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vijaya Diagnostic IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vijaya Diagnostic IPO opens on September 1, 2021 and closes on September 3, 2021.
Vijaya Diagnostic IPO lot size is 28 Shares, and the minimum amount required is ₹14,868.
You can apply in Vijaya Diagnostic 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 Vijaya Diagnostic IPO will be done on Wednesday, September 8, 2021, and the allotted shares will be credited to your demat account by Monday, September 13, 2021. Check the Vijaya Diagnostic IPO allotment status.
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