Vijaya Diagnostic IPO - Healthcare chain Vijaya Diagnostic Centre Limited will be launching its Initial Public Offering (IPO) on 1 September. The three-day IPO will end on 3 September. The price band has been fixed at Rs 522-531. If you are planning to invest in this public issue, here is a list of top 10 things that you must know about this IPO. Also, know the complete timeline – from allotment date to refund initiation to transfer of shares to demat account and listing of the stock.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The IPO market timings is between 10 am and 5 pm.

See Zee Business Live TV Streaming Below:

Vijaya Diagnostic IPO – top 10 things to know

1. Symbol VIJAYA

2. Issue Period between 1 September 2021 and 3 September 2021

3. Post issue Modification Period is 6 September 2021 between 10 am and 11 am

4.Cut-off time for UPI Mandate Confirmation is 6 September 2021 up to 12 pm

5. Issue Size - Vijaya Diagnostic IPO comprises of equity share through an Offer for Sale (OFS) of up to 35,688,064 equity shares. The issue type is 100 per cent book building.

6. Price Range is Rs 522 to Rs 531.

7. Discount of Rs 52 per equity share to eligible employee category.

8. Bid Lot 28 equity shares and in multiples thereof and the minimum order quantity is 28 equity shares.

9. Maximum Subscription Amount for Retail Investor is Rs 200,000 while the maximum subscription amount for eligible employee is Rs 500,000.

10. Categories of investors are FI, IC, MF, FII, OTH, CO, IND, NOH and EMP and the name of the Registrar is KFin Technologies Private Limited.

Vijaya Diagnostic  Centre IPO – Full Timeline

  • The issue ends on 3 September
  • The finalisation on the basis of allotment is expected to be on 9 September.
  • Initiation of refunds likely on 13 September.
  • The transfer of shares to demat accounts likely on 14 September.
  • Listing of stock is likely on 15 September.

The above information on the timeline of the issue is from the app of brokerage company Edelweiss.

The Book Running Lead Managers (BRLMs) are ICICI Securities Limited, Edelweiss Financial Services Limited and Kotak Mahindra Capital Company Limited while the sponsor bank is HDFC Bank Limited.

The company is planning to raise Rs 1,895 crore through the initial share-sale offer, a PTI report said. 

For retail investors, the shares that have been allocated are not less than 12,438,323 equity shares as per the RHP. 

The equity shares will be off-loaded by the promoter S Surendranath Reddy and investors Karakoram Limited and Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF I.

Utilisation of the Net Offer Proceeds by Selling Shareholders  

The company will not directly receive any proceeds from the Offer and all the Offer Proceeds will be received by the selling shareholders, in proportion to the offered shares sold by the respective selling shareholders as part of the offer, the RHP said.  

Vijaya Diagnostic Centre offers pathology and radiology testing services to customers through its network of 80 diagnostic centres and 11 reference laboratories across 13 cities and towns in the states of Telangana and Andhra Pradesh, and the National Capital Region and Kolkata.