Bookbuilding IPO | ₹1,213 Cr | Listed at BSE, NSE | Wed, Aug 4, 2021 - Fri, Aug 6, 2021
Krsnaa Diagnostics IPO is a book build issue of ₹1,213.33 crores. The issue is a combination of fresh issue of 0.42 crore shares aggregating to ₹400.84 crores and offer for sale of 0.85 crore shares aggregating to ₹812.49 crores.
Krsnaa Diagnostics IPO bidding started from Aug 4, 2021 and ended on Aug 6, 2021. The allotment for Krsnaa Diagnostics IPO was finalized on Aug 11, 2021. The shares got listed on BSE, NSE on Aug 16, 2021.
Krsnaa Diagnostics IPO price band is set at ₹954 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹14,310 (15 shares) (based on upper price). The lot size investment for sNII is 14 lots (210 shares), amounting to ₹2,00,340, and for bNII, it is 70 lots (1,050 shares), amounting to ₹10,01,700.
The issue includes a reservation of up to 2,32,288 shares for employees offered at a discount of ₹93.00 to the issue price.
Dam Capital Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Krsnaa Diagnostics IPO RHP for detailed Information.
IPO Open
Wed, Aug 4, 2021
IPO Close
Fri, Aug 6, 2021
Issue Price
₹954 per share
Market Cap (Pre-IPO)
₹2,996.23 Cr
| IPO Date | 4 to 6 Aug, 2021 |
| Listed on | Mon, Aug 16, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹933 to ₹954 |
| Issue Price | ₹954 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹93.00 |
| Total Issue Size | 1,27,31,605 shares (agg. up to ₹1,213 Cr) |
| Fresh Issue | 42,06,085 shares (agg. up to ₹401 Cr) |
| Offer for Sale | 85,25,520 shares of ₹5 (agg. up to ₹812 Cr) |
| Share Holding Pre Issue | 2,71,91,528 shares |
| Share Holding Post Issue | 3,14,07,044 shares |
| BSE Script Code / NSE Symbol | 543328 / KRSNAA |
| ISIN | INE08LI01020 |
Krsnaa Diagnostics IPO comprises a total issue size of 1,27,41,036 shares. The net offer to the public is 1,25,08,748 shares, after excluding 2,32,288 shares under a preferential allotment. Of the Net offer 93,81,562 (75.00%) are allocated to QIB, 18,76,312 (15.00%) allocated to NII 12,50,874 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 93,81,562 | 75.00% | 73.63% | NA |
| − Anchor Investor Shares Offered | 56,28,937 | 44.18% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 37,52,625 | 29.45% | NA | |
| NII (HNI) Shares Offered | 18,76,312 | 15.00% | 14.73% | NA |
| Retail Shares Offered | 12,50,874 | 10.00% | 9.82% | 83,391 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,32,288 | 1.82% | NA | |
| Total Shares Offered | 1,27,41,036 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,310 |
| Retail (Max) | 13 | 195 | ₹1,86,030 |
| S-HNI (Min) | 14 | 210 | ₹2,00,340 |
| S-HNI (Max) | 69 | 1,035 | ₹9,87,390 |
| B-HNI (Min) | 70 | 1,050 | ₹10,01,700 |
Krsnaa Diagnostics IPO raises ₹537.00 crore from anchor investors. Krsnaa Diagnostics IPO Anchor bid date is August 3, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Aug 3, 2021 |
| Shares Offered | 56,28,937 |
| Anchor Portion (₹ Cr.) | 537.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 10, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 9, 2021 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Proposing to finance the cost of establishing diagnostics centres at Punjab, Karnataka, Himachal Pradesh and Maharashtra. | 150.81 |
| 2 | Repayment/pre-payment, in full or part, of borrowings from banks and other lenders availed by the Company; and | 146.08 |
| 3 | General corporate purposes | 81.74 |
The Krsnaa Diagnostics IPO is subscribed 64.38 times on August 6, 2021 6:50:00 PM (Day 3). The public issue subscribed 41.95 times in the retail category, 49.83 times in the QIB category, and 116.3 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 49.83 | 37,52,625 | 18,69,79,845 |
| NII | 116.3 | 18,76,312 | 21,82,10,460 |
| Retail | 41.95 | 12,50,874 | 5,24,74,665 |
| Employee | 0.98 | 2,32,288 | 2,27,400 |
| Total | 64.38 | 71,12,099 | 45,78,92,370 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 32.18 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs. | 6.97 |
| 3 | Fees payable to the Registrar to the Offer | 0.24 |
| 4 | Other expenses - (i) Listing fees, SEBI filing fees, Stock Exchange processing fees, book building software fees and other regulatory expenses, printing and stationery expenses, advertising and marketing expenses for the Offer, fees payable to the monitoring agency and fees payable to the legal counsel | 17.58 |
| 5 | Other expenses - (ii) Other advisors to the Offer | 5.14 |
| 6 | Other expenses - (iii) Miscellaneous | 2.71 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹954.00 | ₹954.00 |
| Open | ₹1,025.00 | ₹1,005.55 |
| Low | ₹961.45 | ₹960.00 |
| High | ₹1,099.50 | ₹1,099.70 |
| Last Trade | ₹990.75 | ₹987.00 |
Krsnaa Diagnostics IPO is a main-board IPO of 1,27,31,605 equity shares of the face value of ₹5 aggregating up to ₹1,213 Crores. The issue is priced at ₹954 per share. The minimum order quantity is 15.
The IPO opens on Wed, Aug 4, 2021, and closes on Fri, Aug 6, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Krsnaa Diagnostics IPO using UPI as a payment gateway. Zerodha customers can apply in Krsnaa Diagnostics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Krsnaa Diagnostics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Krsnaa Diagnostics IPO opens on Wed, Aug 4, 2021 and closes on Fri, Aug 6, 2021.
Krsnaa Diagnostics IPO lot size is 15, and the minimum amount required for application is ₹14,310.
You can apply in Krsnaa Diagnostics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Krsnaa Diagnostics IPO will be done on Wednesday, August 11, 2021, and the allotted shares will be credited to your demat account by Fri, Aug 13, 2021. Check the Krsnaa Diagnostics IPO allotment status.
The Krsnaa Diagnostics IPO listing date is on Mon, Aug 16, 2021.
