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 Promoters:
Rajendra Mutha is the promoter of the company.
Krsnaa Diagnostics IPO Date & Price Band
| IPO Open: | 04 August 2021 |
| IPO Close: | 06 August 2021 |
| IPO Size: | Approx ₹1213.33 Crores |
| Fresh Issue: | Approx ₹400 Crores |
| Offer for Sale: | Approx ₹813.33 Crores (9,416,377 shares) |
| Face Value: | ₹5 Per Equity Share |
| Price Band: | ₹933 to ₹954 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 10% |
| Discount: | ₹93 for Employees |
Krsnaa Diagnostics IPO Market Lot
The Krsnaa Diagnostics IPO minimum market lot is 15 shares with ₹14,310 application amount. The retail investors can apply up-to 13 lots, 195 shares with ₹186,030 application amount.
| Minimum Lot Size: | Minimum 15 Shares |
| Minimum Amount: | ₹14,310 |
| Maximum Lot Size: | Maximum 195 Shares |
| Maximum Amount: | ₹186,030 |
Krsnaa Diagnostics IPO Date, Time Table, Allotment & Listing
The Krsnaa Diagnostics IPO date is 04 August 2021 and the IPO close date is 06 August 2021. The allotment date is 11 August 2021 and the IPO may list on 17 August 2021.
| Price Band Announcement: | 30 July 2021 |
| Anchor Investors Allotment: | 03 August 2021 |
| IPO Open Date: | 04 August 2021 |
| IPO Close Date: | 06 August 2021 |
| Basis of Allotment: | 11 August 2021 |
| Refunds: | 12 August 2021 |
| Credit to Demat Account: | 13 August 2021 |
| IPO Listing Date: | 17 August 2021 |