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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 ₹142.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,70,000.00 (2,000 shares). The minimum lot size investment for 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 Date | August 8, 2025 to August 12, 2025 |
| Listing Date | August 18, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹135 to ₹142 per share |
| Issue Price Final | ₹142 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 48,92,000 shares (aggregating up to ₹69.47 Cr) |
| Reserved for Market Maker | 4,80,000 shares Share India Securities Ltd. (aggregating up to ₹6.82 Cr) |
| Fresh Issue (Ex Market Maker) | 34,40,000 shares (aggregating up to ₹48.85 Cr) |
| Offer for Sale | 9,72,000 shares of ₹10 (aggregating up to ₹13.80 Cr) |
| Net Offered to Public | 44,12,000 shares (aggregating up to ₹62.65 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,35,00,000 shares |
| Share Holding Post Issue | 1,74,20,000 shares |
Star Imaging IPO offers total 48,92,000 shares. Out of which 21,75,000 (44.46%) allocated to QIB, 8,71,000 (17.80%) allocated to QIB (Ex- Anchor), 6,57,000 (13.43%) allocated to NII, 15,28,000 (31.23%) allocated to RII and 13,04,000 (26.66%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,80,000 (9.81%) |
| QIB Shares Offered | 21,75,000 (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 (13.43%) |
| − bNII > ₹10L | 4,38,000 (8.95%) |
| − sNII < ₹10L | 2,19,000 (4.48%) |
| Retail Shares Offered | 15,28,000 (31.23%) |
| Employee Shares Offered | 52,000 (1.06%) |
| Total Shares Offered | 48,92,000 (100.00%) |
| 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
Star Imaging IPO raises ₹18.52 crore from anchor investors. Star Imaging IPO Anchor bid date is August 7, 2025. Star Imaging IPO Anchor Investors list
| Bid Date | August 7, 2025 |
| Shares Offered | 13,04,000 |
| Anchor Portion Size (In Cr.) | 18.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 12, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 11, 2025 |
Star Imaging IPO opens on August 8, 2025, and closes on August 12, 2025.
| IPO Open Date | Fri, Aug 8, 2025 |
| IPO Close Date | Tue, Aug 12, 2025 |
| Tentative Allotment | Wed, Aug 13, 2025 |
| Initiation of Refunds | Thu, Aug 14, 2025 |
| Credit of Shares to Demat | Thu, Aug 14, 2025 |
| Tentative Listing Date | Mon, Aug 18, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 12, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of Star Imaging IPO is ₹247.36 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 11.82 | 9.16 |
| P/E (x) | 12.01 | 15.5 |
The Company Star Imaging IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] SIPLL is engaged in operating diagnostic testing network primarily in and around Delhi region. It added B2G and B2B model along with B2C to increase its business and earnings. The company posted growth in its top and bottom lines. Boosted bottom lines for FY24 onwards raise eyebrows and concern over its sustainability as it is operating in a highly competitive and fragmented segment. Based on recent financial data, the issue appears fully priced. Only well-informed/cash surplus investors may park moderate funds for medium term, post doing their own due diligence. Read detail review...
| Listing Date | August 18, 2025 |
| BSE Script Code | 544482 |
| NSE Symbol | |
| ISIN | INE0YG001013 |
| Final Issue Price | ₹142 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹142.00 |
| Open | ₹142.00 |
| Low | ₹134.90 |
| High | ₹143.00 |
| Last Trade | ₹135.95 |
Star Imaging & Path Lab Ltd.
4B/4,
Tilak Nagar, Near Sant Pura,
Tilak Nagar West Delhi,
New Delhi, New Delhi, 110018
Phone: +91 9990019189
Email: cs@starimaging.in
Website: https://www.starimaging.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: sipll.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Star Imaging IPO is a SME IPO of 48,92,000 equity shares of the face value of ₹10 aggregating up to ₹69.47 Crores. The issue is priced at ₹142 per share. The minimum order quantity is 1000.
The IPO opens on August 8, 2025, and closes on August 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 August 8, 2025 and closes on August 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 Thursday, August 14, 2025. Check the Star Imaging IPO allotment status.
The Star Imaging IPO listing date is on Monday, August 18, 2025.
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