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 Promoters:
Dr. S. Surendranath Reddy is the promoter of the company.
Company Financials:
| 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 |
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 Date & Price Band
| IPO Open: | 01 September 2021 |
| IPO Close: | 03 September 2021 |
| IPO Size: | Approx ₹1,895.04 Crores |
| Fresh Issue: | N/A |
| Offer for Sale: | Approx ₹1,895.04 Crores (35,688,064 equity shares) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹522 to ₹531 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| QIB Portion: | 50% |
| NII Portion: | 15% |
| Discount: | ₹52 per equity share for Employees |
Vijaya Diagnostic IPO Market Lot
| Minimum Lot Size: | Minimum 28 Shares for 1 lot |
| Minimum Amount: | ₹14,868 for 1 lot |
| Maximum Lot Size: | Maximum – Shares for 13 lot |
| Maximum Amount: | ₹193,284 for 13 lot |
Vijaya Diagnostic IPO Date, Time Table, Allotment & Listing
| Price Band Announcement: | 25 August 2021 |
| Anchor Investors Allotment: | 31 August 2021 |
| IPO Open Date: | 01 September 2021 |
| IPO Close Date: | 03 September 2021 |
| Basis of Allotment: | 08 September 2021 |
| Refunds: | 09 September 2021 |
| Credit to Demat Account: | 13 September 2021 |
| IPO Listing Date: | 14 September 2021 |