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Vijaya Diagnostic Centre IPO is a book build issue of ₹1,894.43 crores. The issue is entirely an offer for sale of 3.57 crore shares of ₹1,894.43 crore.
Vijaya Diagnostic Centre IPO bidding started from Sep 1, 2021 and ended on Sep 3, 2021. The allotment for Vijaya Diagnostic Centre IPO was finalized on Sep 8, 2021. The shares got listed on BSE, NSE on Sep 14, 2021.
Vijaya Diagnostic Centre IPO price band is set at ₹531.00 per share . The lot size for an application is 28. The minimum amount of investment required by an retail is ₹14,616 (28 shares). The lot size investment for sNII is 14 lots (392 shares), amounting to ₹2,08,152, and for bNII, it is 68 lots (1,904 shares), amounting to ₹10,11,024.
The issue includes a reservation of up to 1,50,000 shares for employees offered at a discount of ₹52.00 to the issue price.
Edelweiss Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Vijaya Diagnostic Centre IPO RHP for detailed Information.
| IPO Date | September 1, 2021 to September 3, 2021 |
| Listing Date | September 14, 2021 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹522 to ₹531 per share |
| Issue Price Final | ₹531 per share |
| Lot Size | 28 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 3,56,88,064 shares (aggregating up to ₹1,894.43 Cr) |
| Employee Discount | ₹52.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,19,65,926 shares |
| Share Holding Post Issue | 10,19,65,926 shares |
Vijaya Diagnostic IPO offers total 3,56,88,064 shares. Out of which 1,77,69,031 (49.79%) allocated to QIB, 71,07,613 (19.92%) allocated to QIB, 53,30,710 (14.94%) allocated to NII, 1,24,38,323 (34.85%) allocated to RII and 1,06,61,418 (29.87%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,77,69,031 (49.79%) | NA |
| − Anchor Investor Shares Offered | 1,06,61,418 (29.87%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 71,07,613 (19.92%) | NA |
| NII (HNI) Shares Offered | 53,30,710 (14.94%) | NA |
| Retail Shares Offered | 1,24,38,323 (34.85%) | 4,44,225 |
| Employee Shares Offered | 1,50,000 (0.42%) | NA |
| Total Shares Offered | 3,56,88,064 (100.00%) |
| 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 |
Vijaya Diagnostic Centre IPO opens on September 1, 2021, and closes on September 3, 2021.
| IPO Open Date | Wed, Sep 1, 2021 |
| IPO Close Date | Fri, Sep 3, 2021 |
| Tentative Allotment | Wed, Sep 8, 2021 |
| Initiation of Refunds | Thu, Sep 9, 2021 |
| Credit of Shares to Demat | Mon, Sep 13, 2021 |
| Tentative Listing Date | Tue, Sep 14, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 3, 2021 |
Investors can bid for a minimum of 28 shares and in multiples 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 |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹14,868 |
| Retail (Max) | 13 | 364 | ₹1,93,284 |
| S-HNI (Min) | 14 | 392 | ₹2,08,152 |
| S-HNI (Max) | 67 | 1,876 | ₹9,96,156 |
| B-HNI (Min) | 68 | 1,904 | ₹10,11,024 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| 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 | ||
[Dilip Davda] This is a majorly south centric diagnostic service provider. The issue is fully priced based on its super performance so far. The segment is getting crowded post-pandemic and thus creating high competition going forward. The recent IPO of south based Krsnaa Diagnostic performed miserably post a listing. This is a pure secondary offer. Considering all these parameters, risk seekers/cash surplus investors may consider an investment with a long term perspective. Read detail review...
| Listing Date | September 14, 2021 |
| BSE Script Code | 543350 |
| NSE Symbol | VIJAYA |
| ISIN | INE043W01024 |
| Final Issue Price | ₹531 per share |
| BSE Listing Group | B |
Vijaya Diagnostic Centre Ltd.
3-6-16 & 17, Street No. 19, Himayatnagar
Hyderabad, 500 029
Hyderabad, Telangana
Phone: +91 40 2342 0411
Email: ir@vijayadiagnostic.in
Website: https://www.vijayadiagnostic.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: vijaya.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Vijaya Diagnostic Centre IPO is a main-board IPO of 3,56,88,064 equity shares of the face value of ₹1 aggregating up to ₹1,894.43 Crores. The issue is priced at ₹531 per share. The minimum order quantity is 28.
The IPO opens on September 1, 2021, and closes on September 3, 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 Vijaya Diagnostic Centre IPO using UPI as a payment gateway. Zerodha customers can apply in Vijaya Diagnostic Centre IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vijaya Diagnostic Centre IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vijaya Diagnostic Centre IPO opens on September 1, 2021 and closes on September 3, 2021.
Vijaya Diagnostic Centre IPO lot size is 28, and the minimum amount required for application is ₹14,868.
You can apply in Vijaya Diagnostic Centre 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 Vijaya Diagnostic Centre IPO will be done on Wednesday, September 8, 2021, and the allotted shares will be credited to your demat account by Monday, September 13, 2021. Check the Vijaya Diagnostic Centre IPO allotment status.
The Vijaya Diagnostic Centre IPO listing date is on Tuesday, September 14, 2021.
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