Krsnaa Diagnostics IPO Review 2021 – IPO Date, Offer Price & Details!

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Krsnaa Diagnostics IPO Evaluation 2021: The Krsnaa Diagnostics IPO will hit the Indian markets from August 4th to August sixth. They purpose to lift Rs. 1,213.33 crores by a public providing.

On this article, we glance into vital data on the Krsnaa Diagnostics IPO and discover out the doable prospects of the corporate.

Krsnaa Diagnostics IPO Evaluation- In regards to the Firm

Krsnaa Diagnostics Logo

Based in 2010, Krsnaa Diagnostics Ltd. presents diagnostic providers to hospitals, medical faculties, and neighborhood well being facilities. The corporate presents diagnostic providers like imaging/radiology providers (X-rays, MRI, and many others.), routine medical laboratory checks, pathology, and teleradiology providers.

Krsnaa additionally operates India’s largest teleradiology reporting hubs in Pune. This enables it to course of massive volumes of Xrays CT scans and MRI scans 24×7 all year long. It additional permits them to serve sufferers in distant areas. 


Krsnaa Diagnostics Total Assets over the years

Krsnaa Diagnostics can also be one of many fastest-growing diagnostic chains in India. This may be seen when it comes to the variety of checks carried out from FY 2017-20.

Since 2010 the corporate has served greater than 2.3 crore sufferers. Financially too the corporate is the fastest-growing when it comes to revenue from FY 2017-20.

Krsnaa Diagnostics Profits over the years | Krsnaa Diagnostics IPO

The charges expenses for diagnostic providers at Krsnaa are decrease than that of its opponents. This additional provides them an edge serving to them obtain increased revenues.

As of June 2021, Krsnaa expanded from 20 to 26 diagnostic facilities in a span of 4 months. The corporate additionally has 1,787 diagnostic facilities throughout the nation in public-private partnership (PPP) agreements with public well being companies.

The corporate additionally has efficiently elevated its earnings from  Rs -1,119.51 crore in 2020 to Rs 1,849.29 crore in 2021. 

Gray Market Premium (GMP) of Krsnaa Diagnostics

The shares of Krsnaa Diagnostics Ltd. traded at round a 40% premium within the gray market earlier than the IPO. The shares traded at a worth of Rs. 1,364 giving them a premium of Rs. 410 over their problem worth band of Rs 933-954 per share.

Krsnaa Diagnostics IPO Evaluation – Key IPO Info

Ravi Kant Jaipuria, Varun Jaipuria, and RJ Corp Restricted are the promoters of the corporate. The problem additionally consists of a suggestion on the market of Rs. 813.33 crores.

Buyers collaborating within the provide on the market embody PHI Capital Belief-PHI Capital Development Fund, Kitara PIIN, Somerset Indus Healthcare Fund I, and Lotus Administration Options.

The corporate has appointed JM Monetary, DAM Capital Advisors, Equirus Capital, and IIFL Securities because the lead managers to the difficulty. KFintech Pvt. Ltd. has been appointed because the registrar to the difficulty. 

Zerodha demat account
Particulars Particulars
IPO Dimension ₹1,213.33 Cr
Recent Concern ₹400.00 Cr
Supply For Sale(OFS) ₹813.33 Cr
Opening Date Aug 4, 2021
Closing Date Aug 6, 2021
Face Worth ₹5 per fairness share
Worth Band ₹933 to ₹954
Lot Dimension 15 Shares
Minimal Lot Dimension 1
Most Lot Dimension 13
Itemizing Date Aug 17, 2021

Goal of the Krsnaa Diagnostics IPO

The proceeds from the IPO will probably be used to:

  • To finance the price of establishing diagnostics centres in Punjab, Karnataka, Himachal Pradesh, and Maharashtra.
  • Compensation/pre-payment of agency’s borrowings totally or partially.
  • Basic company functions.


In Closing 

The IPO opens on 4th August and closes on sixth August 2021. For retail traders, it may be a superb alternative to look into the corporate’s future prospects and apply for the IPO in the event that they consider within the merchandise and development prospects of Krsnaa Diagnostics Ltd.

That’s all for this publish. Do tell us what you consider the Krsnaa Diagnostics Ltd. IPO evaluate. Are you planning to use for this IPO or not? Remark beneath. Cheers!

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