Bookbuilding IPO | ₹69 Cr | Listed at BSE SME | Fri, Aug 8, 2025 - Tue, Aug 12, 2025
Star Imaging IPO is a book build issue of ₹69.47 crores. The issue is a combination of fresh issue of 0.39 crore shares aggregating to ₹55.66 crores and offer for sale of 0.10 crore shares aggregating to ₹13.80 crores.
Star Imaging IPO bidding started from Aug 8, 2025 and ended on Aug 12, 2025. The allotment for Star Imaging IPO was finalized on Aug 13, 2025. The shares got listed on BSE SME on Aug 18, 2025.
Star Imaging IPO price band is set at ₹142 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,84,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,26,000.
Share India Capital Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to Star Imaging IPO RHP for detailed Information.
IPO Open
Fri, Aug 8, 2025
IPO Close
Tue, Aug 12, 2025
Issue Price
₹142 per share
Market Cap (Pre-IPO)
₹247.36 Cr
| IPO Date | 8 to 12 Aug, 2025 |
| Listed on | Mon, Aug 18, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹142 |
| Issue Price | ₹142 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 48,92,000 shares (agg. up to ₹69 Cr) |
| Reserved for Market Maker | 4,80,000 shares Share India Securities Ltd. (agg. up to ₹7 Cr) |
| Fresh Issue (Ex Market Maker) | 34,40,000 shares (agg. up to ₹49 Cr) |
| Offer for Sale | 9,72,000 shares of ₹10 (agg. up to ₹14 Cr) |
| Net Offered to Public | 44,12,000 shares (agg. up to ₹63 Cr) |
| Share Holding Pre Issue | 1,35,00,000 shares |
| Share Holding Post Issue | 1,74,20,000 shares |
| BSE Script Code | 544482 |
| ISIN | INE0YG001013 |
Star Imaging IPO comprises a total issue size of 48,92,000 shares. The net offer to the public is 43,60,000 shares, after excluding 4,80,000 shares allotted on a firm basis and 52,000 shares under a preferential allotment. Of the Net offer 21,75,000 (49.89%) are allocated to QIB, 6,57,000 (15.07%) allocated to NII 15,28,000 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 21,75,000 | 49.89% | 44.46% |
| − Anchor Investor Shares Offered | 13,04,000 | 26.66% | |
| − QIB (Ex. Anchor) Shares Offered | 8,71,000 | 17.80% | |
| NII (HNI) Shares Offered | 6,57,000 | 15.07% | 13.43% |
| − bNII > ₹10L | 4,38,000 | 8.95% | |
| − sNII < ₹10L | 2,19,000 | 4.48% | |
| Retail Shares Offered | 15,28,000 | 35.05% | 31.23% |
| Preferential Reservations | |||
| Employee Shares Offered | 52,000 | 1.06% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,80,000 | 9.81% | |
| Total Shares Offered | 48,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,84,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,84,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,26,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,94,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,36,000 |
| Employee (Min) | 2 | 2,000 | ₹2,84,000 |
| Employee (Max) | 3 | 3,000 | ₹4,26,000 |
Star Imaging IPO raises ₹18.52 crore from anchor investors. Star Imaging IPO Anchor bid date is August 7, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Aug 7, 2025 |
| Shares Offered | 13,04,000 |
| Anchor Portion (₹ Cr.) | 18.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 12, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 11, 2025 |
| Application Category | Bidding Limits |
|---|---|
| Only Individual investor (retail) | 2 lots |
| Only sNII | 3 lots - 7 lots |
| Only bNII | 8 lots and above |
| Only employee | 2 lots - 3 lots |
| Employee + RII/NII |
|
* Bidding at cut-off price is not allowed for any category
Incorporated in 2004, Star Imaging and Path Lab Limited is a healthcare company providing diagnostic services across a wide range of medical tests.
The company specializes in imaging services such as X-rays, ultrasounds, CT scans, MRIs, and laboratory tests, including blood tests, urine tests, and other specialized diagnostics.
With advanced technology and experienced medical professionals, the company aims to offer accurate and timely reports to patients, helping healthcare providers in effective diagnosis and treatment.
The company has a strong presence in multiple regions, offering services to both individuals and healthcare institutions.
Services:
As of September 30th 2024, the company has 209 full time employees including executive directors.
Competitive Strengths:
Star Imaging & Path Lab Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 98.16 | 81.64 | 61.23 |
| Total Income | 83.79 | 79.97 | 58.68 |
| Profit After Tax | 15.96 | 12.45 | 0.58 |
| EBITDA | 28.60 | 22.34 | 5.81 |
| NET Worth | 47.15 | 31.35 | 18.93 |
| Reserves and Surplus | 33.65 | 29.85 | 17.43 |
| Total Borrowing | 32.73 | 30.64 | 26.56 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 25.00 |
| 2 | Repayment/prepayment of certain borrowings availed of by the Company | 12.00 |
| 3 | Funding the Capital Expenditure towards purchase of Refurbished Medical Equipment in running facilities | 5.14 |
| 4 | General corporate purposes | 6.94 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 40.65% |
| ROCE | 29.92% |
| Debt/Equity | 0.69 |
| RoNW | 40.65% |
| PAT Margin | 19.10% |
| EBITDA Margin | 34.22% |
| Price to Book Value | 4.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.82 | 9.16 |
| P/E (x) | 12.01 | 15.5 |
| Promoter Holding | 100% | 71.92% |
| Market Cap | ₹247.36 Cr. |
The Star Imaging IPO is subscribed 5.67 times on August 12, 2025 5:04:32 PM (Day 3). The public issue subscribed 2.32 times in the individual investors category, 12.85 times in the QIB category, and 4.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 12.85 | 8,71,000 | 1,11,88,000 | 0 |
| NII* | 4.38 | 6,57,000 | 28,75,000 | 0 |
| bNII (bids above ₹10L) | 5.12 | 4,38,000 | 22,42,000 | |
| sNII (bids below ₹10L) | 2.89 | 2,19,000 | 6,33,000 | |
| Individual Investors | 2.32 | 15,28,000 | 35,38,000 | 0 |
| Employee | 0.31 | 52,000 | 16,000 | 0 |
| Total | 5.67 | 31,08,000 | 1,76,17,000 | 2,243 |
Total Application : 2,243
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager | 0.47 |
| 2 | Underwriting Fees | 4.10 |
| 3 | Fees payable to Market Maker to the issue | 0.11 |
| 4 | Fees payable to the Registrar to the issue | 0.02 |
| 5 | Fees payable to the Advertising, Marketing and Publishing etc. Expenses | 0.13 |
| 6 | Fees Payable to Regulators including Stock Exchanges & Depositories | 0.23 |
| 7 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 8 | Fees Payable to Statutory Auditor, Legal Advisors, Peer Review Auditor and other professionals | 2.96 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹142.00 |
| Open | ₹142.00 |
| Low | ₹134.90 |
| High | ₹143.00 |
| Last Trade | ₹135.95 |
Lead Manager Reports
Star Imaging IPO is a SME IPO of 48,92,000 equity shares of the face value of ₹10 aggregating up to ₹69 Crores. The issue is priced at ₹142 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Aug 8, 2025, and closes on Tue, Aug 12, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Star Imaging IPO using UPI as a payment gateway. Zerodha customers can apply in Star Imaging IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Star Imaging IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Star Imaging IPO opens on Fri, Aug 8, 2025 and closes on Tue, Aug 12, 2025.
Star Imaging IPO lot size is 1000, and the minimum amount required for application is ₹2,84,000, with 2 lots being the minimum application size.
You can apply in Star Imaging 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 Star Imaging IPO will be done on Wednesday, August 13, 2025, and the allotted shares will be credited to your demat account by Thu, Aug 14, 2025. Check the Star Imaging IPO allotment status.
The Star Imaging IPO listing date is on Mon, Aug 18, 2025.
