Krsnaa Diagnostics IPO

Krsnaa Diagnostics IPO Details

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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 nameKrsnaa Diagnostics Limited
IndustryHospitals and Healthcare

Dates to remember

IPO Open04 August 2021
IPO Close06 August 2021
Basis of Allotment11 August 2021
Refunds date12 August 2021
Credit to Demat Account13 August 2021
 Listing Date17 August 2021

IPO details

Issue typeBook 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 Allocation10%
Lot size15 Shares
Minimum application1Lot-15 Shares
Maximum application13 Lots-195
Minimum application amount₹14,310
Maximum application amount₹186,030
Listing ExchangeBSE & NSE

Company Financials

ParticularsFor the year/period ended (₹ in million)
Total Assets6,045.306,299.825,289.85
Total Revenue6,614.762,713.792,143.15
Profit After Tax1,849.29(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

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

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

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