Krsnaa Diagnostics IPO will open for subscription from 06 August 2021. the company aims for an issue size of ₹1,213.33 Crores through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Krsnaa Diagnostics Limited
Incorporated in 2010, Krsnaa Diagnostics Ltd is one of the fastest-growing diagnostic chains in India. The company offers a wide range of diagnostic services such as imaging/radiology services (X-rays, MRI, etc.), routine clinical laboratory tests, pathology, and teleradiology services to private and public hospitals, medical colleges, and community health centres.
The firm has an extensive network of diagnostic centres across India with a key focus on non-metro, and lower-tier cities and towns. As of December 31, 2020, it operates 1,801 diagnostic centres that are offering radiology and pathology services across 13 different cities in India. In fiscal 2020, the business has served 5.27 million patients.
Objects of the Issue
- To finance the cost of establishing diagnostics centres at Punjab, Karnataka, Himachal Pradesh, and Maharashtra.
- Repayment/pre-payment of firm’s borrowings fully or partially.
- General corporate purposes.
Competitive Strengths
- Differentiated diagnostic service provider company in India.
- A comprehensive range of diagnostic services i.e. imaging, pathology, etc.
- Strong brand equity with quality healthcare services at affordable prices.
- Extensive market footprint in 13 states across India.
- Consistent financial performance track record.
Basic details about the company
| Full name | Krsnaa Diagnostics Limited |
| Sector | Healthcare |
| Industry | Hospitals and Healthcare |
| Company Website | www.krsnaadiagnostics.com |
Dates to remember
| IPO Open | 04 August 2021 |
| IPO Close | 06 August 2021 |
| Basis of Allotment | 11 August 2021 |
| Refunds date | 12 August 2021 |
| Credit to Demat Account | 13 August 2021 |
| Listing Date | 17 August 2021 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹1,213.33 Cr |
| Fresh Issue | ₹400.00 Cr |
| Offer for sale | ₹813.33 Cr |
| Face value | ₹05 per equity share |
| Price band | ₹933 to ₹954 per equity share |
| Retail Allocation | 10% |
| Lot size | 15 Shares |
| Minimum application | 1Lot-15 Shares |
| Maximum application | 13 Lots-195 |
| Minimum application amount | ₹14,310 |
| Maximum application amount | ₹186,030 |
| Listing Exchange | BSE & NSE |
Company Financials
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 6,045.30 | 6,299.82 | 5,289.85 |
| Total Revenue | 6,614.76 | 2,713.79 | 2,143.15 |
| Profit After Tax | 1,849.29 | (1,119.51) | (580.57) |
Valuation of Krsnaa Diagnostics (as of FY2020)
| Earnings Per Share (EPS) | ₹12.25 |
| Price/Earnings (PE ratio) | 76.16 – 77.88 |
| Return on Net Worth (RONW) | 79.76% |
| Net Asset Value (NAV) | 85.27 per share |
Company Promoters
- Rajendra Mutha
Lead Managers
- DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
- Equirus Capital Private Limited
- IIFL Holdings Limited
- JM Financial Consultants Private Limited
Krsnaa Diagnostics IPO Allotment Status
Krsnaa Diagnostics IPO allotment will be available on KFin Technologies’ website.
Click on this link to get allotment status.
Krsnaa Diagnostics IPO Registrar
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: krsnaa.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
Krsnaa Diagnostics Limited
S.No. 243, A-Hissa No. 6, CTS No. 4519, 4519/1,
Chinchwad, Taluka – Haveli, Pune – 411 019
Phone: +91 20 4695 4695
Email: cs@krsnadiagnostics.com
Website: https://krsnaadiagnostics.com/
Final thoughts
Krsnaa Diagnostics IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing