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Vijaya Diagnostic Centre Limited IPO (Vijaya Diagnostic IPO) Detail

Sep 1, 2021 - Sep 3, 2021

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:

  • Largest and fastest-growing diagnostic chain in Southern India.
  • Affordable, one-stop solution diagnostics service provider with a focus on superior quality.
  • Strong technical capabilities, cutting-edge diagnostic testing technology and robust IT infrastructure.
  • All laboratories hold National Accreditation.
  • High brand recalls driving high individual consumer business.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (β‚Ή 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

Objects of the Issue

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

  • Achieve the benefits of share listing on the Stock Exchanges.
  • To make an offer for sale (OFS) of 35,688,064 shares.

Vijaya Diagnostic IPO Details

Vijaya Diagnostic IPO Date Sep 1, 2021 to Sep 3, 2021
Vijaya Diagnostic IPO Face Value ₹1 per share
Vijaya Diagnostic IPO Price ₹522 to ₹531 per share
Vijaya Diagnostic IPO Lot Size 28 Shares
Issue Size35,688,064 shares of ₹1
(aggregating up to ₹1,895.04 Cr)
Offer for Sale35,688,064 shares of ₹1
(aggregating up to ₹1,895.04 Cr)
Employee Discount 52
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

Dr. S. Surendranath Reddy is the promoter of the company.

Vijaya Diagnostic IPO Timeline (Tentative Timetable)

Vijaya Diagnostic IPO opens on Sep 1, 2021, and closes on Sep 3, 2021. The Vijaya Diagnostic IPO bid date is from Sep 1, 2021 10.00 A.M. to Sep 3, 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
Vijaya Diagnostic IPO Opening Date Sep 1, 2021
Vijaya Diagnostic IPO Closing Date Sep 3, 2021
Basis of Allotment Sep 8, 2021
Initiation of Refunds Sep 9, 2021
Credit of Shares to Demat Sep 13, 2021
Vijaya Diagnostic IPO Listing Date Sep 14, 2021

Vijaya Diagnostic IPO Lot Size

The Vijaya Diagnostic IPO lot size is 28 shares. A retail-individual investor can apply for up to 13 lots (364 shares or ₹193,284).

Application Lots Shares Amount
Minimum 1 28 ₹14,868
Maximum 13 364 ₹193,284

Vijaya Diagnostic IPO Promoter Holding

Pre Issue Share Holding 59.78%
Post Issue Share Holding 54.78%

Vijaya Diagnostic IPO Review

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...


Vijaya Diagnostic IPO Subscription Status (Bidding Detail)

The Vijaya Diagnostic IPO is subscribed 4.54 times on Sep 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

CategorySubscription (times)
QIB13.07
NII1.32
Retail1.09
Employee0.98
Total4.54

Vijaya Diagnostic IPO Prospectus

Vijaya Diagnostic IPO Rating

957
3.5
Rating:Rated 3.5 stars
Vote Here ...

Vijaya Diagnostic IPO Listing Date

Listing Date Tuesday, September 14, 2021
BSE Script Code 543350
NSE Symbol VIJAYA
Listing In B Group of Securities
ISIN INE043W01024
IPO Price ₹531 per share
Face Value ₹1 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

Vijaya Diagnostic IPO Registrar

KFin Technologies Limited

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

Vijaya Diagnostic IPO FAQs

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 Sep 1, 2021, and closes on Sep 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Vijaya Diagnostic 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 Vijaya Diagnostic IPO opens on Sep 1, 2021 and closes on Sep 3, 2021.

Vijaya Diagnostic IPO lot size is 28 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Vijaya Diagnostic IPO will be done on Sep 8, 2021, and the allotted shares will be credited to your demat account by Sep 13, 2021. Check the Vijaya Diagnostic IPO allotment status.

The Vijaya Diagnostic IPO listing date is on Tuesday, September 14, 2021.
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Vijaya Diagnostic IPO Message Board

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491 Comments

199. NeoLongus |   Link |Sep 21, 2021 9:57:01 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Quite a carnage here...from the high it went to where it is now! Really surprising! Expiry of 30 day anchor lock-in window may bring more pain.
198. Aniketiaf |   Link |Sep 3, 2021 3:50:33 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
@ Chem cho sir,
It was always fruitful but Since last 2 years, buyback is the best (R) best money making instrument in share market.
Not know about others but I have gained in six digits in Wipro,tcs,ntpc, Indian tonner, , quick heal, niit.
Also gained heavily in sis, Welspun,sotl, Bharat rasayan, Balrampur Chini, Engineers india,Nalco, Gail , nmdc.

Only in FDC and MPS buyback, I have existed my leftover shares in loss but again it was a profitable venture for me due to higher rate of buyback price.

Now about Star cement, I strongly believe the acceptance will be around 30-50%

After record date a minor/major correction will always be there ( in all above buyback also ) but I have seen , almost all had touched it''s buyback price with in six months, some had touched before record date also( Nalco, Wipro, Goldiam, nmdc....)

Only two companies i.e FDC and Sis has not touched it''s buyback price till now but again they have touched 30/40% higher price above its price of record date.

Hence I am very bullish on quality buybacks.

By the way
I am replying you but I am not a critics.

πŸ™πŸ™
198.10. Aniketiaf |   Link |Sep 14, 2021 7:31:14 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Ipo HSL ,
Record date for Eclerx buyback is not declared yet.
As you mentioned, you have 7 demet account, if each one belongs to separate PAN then it''s better strategy to buy one share each in six account and 65-70 shares in one account.
But,
Keep one thing in mind-
Final AR in Eclerx as per present data will be around 20-25% only. If price of shares increases than AR Will also increase. As company is good, so you will get a profitable exit on leftover shares also with in six/nine months. (In worst case scenario)

Thanks.
198.11. amit K singh |   Link |Sep 17, 2021 2:00:10 PM
IPO Mentor IPO Mentor (900+ Posts, 1500+ Likes)
Star cement buyback ER 12.33%, Offer open 22 Sep, close 5 Oct, settlement date 14 Oct..
Expecting good AR.. minimum 30%
197. Chalak lomdi |   Link |Sep 9, 2021 1:27:03 AM
Yeah... 10 lot...

Cool. boieezzz ishq he to risk he..πŸ˜‰
197.2. Chalak lomdi |   Link |Sep 10, 2021 12:55:40 AM
Mota bhai... Haar ne ka darr aur jitne ki ummid.. Inn dono ke bich ka jo waqt hota he na.... Kamal ka hota he..πŸ™‚πŸ˜‰

Bahot strong vibe aave chhe + listing mate ni.. No news but strong feelings...

Maths aur luck
12x + qib hoy etle + khule ( maths )
baki jo mera he wo javat nahi jo javat he wo mera nahi ( luck )
Go with maths it''s on our hand... Baki raha nasib jispe apna raj nahi..πŸ˜‰πŸ€™
197.3. Chalak lomdi |   Link |Sep 14, 2021 9:56:15 PM
Le Vijaya :

" Dekho me cigarettes nahi pita.. Lekin jeb me lighter jarur rakhta hu... Dhamaka karne ke liye "..πŸ˜‰
196. Gaurav g |   Link |Sep 14, 2021 5:58:12 PM
Hello everyone I have one query that...ipo alloted to me of ami organics from sbi upi...and yesterday amount debited in my statement...and amount already lien/hold as well...I don''t understand this..if anyone knows please clear me what is doing....
196.1. Chalak lomdi |   Link |Sep 14, 2021 9:53:14 PM
Paisa kata bhi aur block bhi he... Bank ko letter do home branch me jake
195. Nicks Jain |   Link |Sep 3, 2021 3:00:51 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Applied in 3 Applications...
took calculated risk
Let c
195.1. Nicks Jain |   Link |Sep 14, 2021 7:42:14 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
As expected its surprised...
194. Nidhike |   Link |Sep 13, 2021 10:13:42 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
VijayeeEE Bhav!!!!
194.1. jstm |   Link |Sep 13, 2021 10:30:13 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)

Nidhike Ji , welcome back

Good to see you back

Plz post atleast one opinion of yours later or sooner in every IPO

Thanks
194.2. Nidhike |   Link |Sep 14, 2021 7:04:22 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Reiterate
193. A krishnan |   Link |Sep 14, 2021 4:13:31 PM
Vijaya diagonistcs allottees laughing all the way to bank. Firm allotment and allotted in full. Nobody expected this kind of run-up congrats to all the allottees. Got two lots in three acs exited at a good premium keeping one
192. Amit Kumar yadav |   Link |Sep 14, 2021 3:49:24 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Retailers are damsel in distress and QIBs are knights in the shining armour. QIBs saved you all today.πŸ˜…
191. IPOANALYSIS |   Link |Sep 3, 2021 11:08:23 PM
This stock should do well
Most of people missed it but this should give rewards and maybe surprise on listing as well. Could be another sona koya type listing
Disclosure: applied 3 application .
191.16. ipobull |   Link |Sep 14, 2021 1:27:47 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
@ ipoanalysis,
Hats off to you for nice prediction. Once again as usual, retail has failed to gauge the stock. Whenever retail does not participate and QIB participates nicely, one should invest, provided the company has strong fundamentals irrespective of IPO price
191.17. Aman Jayswal |   Link |Sep 14, 2021 2:34:08 PM
Almost 20%
190. PowerUser |   Link |Sep 14, 2021 12:33:23 PM
Top Contributor Top Contributor (200+ Posts)
Great going. One more firm allotment IPO shows Market very difficult understand for retailers. May be high margins compared to other diagnostics attracted institutions in this COVID time.
Hope it will prove to be another multi bagger like Lalpath in the long run.
189. IPO Mitr |   Link |Sep 9, 2021 5:43:21 PM
If this IPO lists in positive with +10% gain, it will force each one of us to revisit our strategies for IPO applications.

Best wishes to everyone for positive listing.
189.4. TSG |   Link |Sep 14, 2021 11:33:08 AM
@ipo mitr first part of your prediction (10% appreciation)came true let''s see if the second part of your prediction (approach towards ipo s)also happens in future ipos .Good one .Keep it up πŸ‘
189.5. IPO Mitr |   Link |Sep 14, 2021 12:32:00 PM
Nope.

IMO, First part of prediction did not prove true as listing was not +10%, it went up post listing. What proved true is once again is that "OPERATORS ALWAYS WIN" and risk averse small investors gets butchered more often than not. Most of the risk averse small investors must have exited and then operators entered and enjoyed.

Hope most of us did gain something from this IPO as well.

188. Chem cho |   Link |Sep 14, 2021 10:34:39 AM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
should break rs 575 ,
but it is holding it in range 576-580
188.1. Chalak lomdi |   Link |Sep 14, 2021 11:38:00 AM
I put sl 772.. Hope for fire..
188.2. Chalak lomdi |   Link |Sep 14, 2021 12:16:32 PM
Apun sold and out...πŸ˜‰ kothdo bhari ne ghare
187. Scrip |   Link |Sep 14, 2021 12:14:27 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Heading towards UC
648

Just like Sona Comstar
186. Prats |   Link |Sep 14, 2021 12:04:50 PM
There is simple logic in this one performing well in short term, there were very few listing gain investors, which got cleared in the first hour of trade. Most of the shares are now in QIB''s or long term investor''s hand, the interest of QIBs is still maintained, can see supply side issue, which can push it further like Sona IPO.
185. Regulagedda Ambica Prasad |   Link |Sep 14, 2021 11:52:58 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
behaving just as expected.
Will touch 600 soon.
184. rsk |   Link |Sep 14, 2021 10:10:01 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Ha Ha Ha. Poor retailers got mis-lead again.

Should double (looking at Dr Lal and Metropolis)
184.1. Scrip |   Link |Sep 14, 2021 10:50:54 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
No one think of double
And no one needs sympathy as it has provided 9% return which is surely not as good as Ami organics but still a healthy return.
Kaha negative listing hone ka tha and kaha 9% return.
Enjoy!!
184.2. rsk |   Link |Sep 14, 2021 11:23:54 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Difference is that in Ami you would have got 24 ( If you were lucky) and here you could have got as much as you bid for.
Difference is huge.
183. Prats |   Link |Sep 14, 2021 10:56:42 AM
It had very good risk-reward ratio with QIB and Employees showing good interest, Got 9/9 allotment, firm allotment with 10-20% gain is way better than 50% gain with 5% allotment chance. Used the same strategy in below IPOs all turned out well:
PowerGrid InvT 3/3 (1.1lac lot) -exited after 20% return in 2 months.
Lodha 5/5 - exited after 30% return
Gland Pharma 6/6 - exited 3 after 80% return
182. Chalak lomdi |   Link |Sep 13, 2021 9:52:52 PM
888 naffo !!
182.3. Cautious ipo |   Link |Sep 14, 2021 9:31:30 AM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
500
182.4. Chalak lomdi |   Link |Sep 14, 2021 10:30:55 AM
Risk he to ishq he lala...πŸ˜‰
181. Chem cho |   Link |Sep 14, 2021 10:06:55 AM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
DAYS HIGH RS 587.4
181.1. Chem cho |   Link |Sep 14, 2021 10:17:00 AM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
BUY on dips
180. sree vas |   Link |Sep 14, 2021 10:09:12 AM
Top Contributor Top Contributor (300+ Posts)
sold 10 at 572 ave