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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:
The net proceed from the IPO will be utilized towards the following purposes;
| IPO Date | Sep 1, 2021 to Sep 3, 2021 |
| Listing Date | Sep 14, 2021 |
| Face Value | ₹1 per share |
| Price | ₹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 |
| QIB Shares Offered | 7107613 |
| NII (HNI) Shares Offered | 5330710 |
| Retail Shares Offered | 12438323 |
| Total Shares Offered | 25,026,646 |
Vijaya Diagnostic IPO opens on Sep 1, 2021, and closes on Sep 3, 2021.
| Event | Tentative Date |
|---|---|
| Opening Date | Sep 1, 2021 |
| 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 |
| Listing Date | Sep 14, 2021 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Vijaya Diagnostic IPO lot size is 28 shares.
| 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.
| Pre Issue Share Holding | 59.78% |
| Post Issue Share Holding | 54.78% |
| 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 | ||
[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 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
| Category | Subscription (times) |
|---|---|
| QIB | 13.07 |
| NII | 1.32 |
| Retail | 1.09 |
| Employee | 0.98 |
| Total | 4.54 |
| Listing Date | Sep 14, 2021 |
| BSE Script Code | 543350 |
| NSE Symbol | VIJAYA |
| ISIN | INE043W01024 |
| IPO Price | ₹531 per share |
| Price Details |
|---|
| 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 |
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://karisma.kfintech.com/
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
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, Nuvama, 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.
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