Vijaya Diagnostic IPO will hit the Dalal street on 1st September 2021. the company aims for an issue size of ₹1,895.04 Crores through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Vijaya Diagnostic Centre Limited
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. it also offers around 740 routine tests, 870 specialized pathology tests, 220 basic tests, and 320 advanced radiology tests. 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.
Objects of the Issue
- Achieve the benefits of share listing on the Stock Exchanges.
- To make an offer for sale (OFS) of 35,688,064 shares.
Competitive strengths
- Largest and fastest-growing diagnostic chain in Southern India.
- Affordable, one-stop solution diagnostics service provider with a focus on superior quality.
- Strong technical capabilities, cutting-edge diagnostic testing technology and robust IT infrastructure.
- All laboratories hold National Accreditation.
- High brand recalls driving high individual consumer business.
Basic details about the company
| Full name | Vijaya Diagnostic Centre Limited |
| Sector | Healthcare |
| Industry | Hospital & Healthcare services |
| Company Website | www.vijayadiagnostic.com |
Dates to remember
| IPO Open | 01 September 2021 |
| IPO Close | 03 September 2021 |
| Basis of Allotment | 08 September 2021 |
| Refunds date | 09 September 2021 |
| Credit to Demat Account | 13 September 2021 |
| Listing Date | 14 September 2021 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹1,895.04 Cr |
| Fresh Issue | nil |
| Offer for sale | ₹1,895.04 Cr |
| Face value | ₹01 per equity share |
| Price band | ₹522 to ₹531 per equity share |
| Retail Allocation | 35% |
| Lot size | 28 Shares |
| Minimum application | 1Lot-28 Shares |
| Maximum application | 13 Lots-364 |
| Minimum application amount | ₹14,868 |
| Maximum application amount | ₹193,284 |
| Employee discount | ₹52 |
| Listing Exchange | BSE & NSE |
Financial Performance (in INR crore)
| FY2019 | FY2020 | FY2021 | Q1 FY2022 | |
| Revenue | 302.9 | 354.2 | 388.6 | 126.0 |
| Expenses | 237.6 | 270.8 | 276.5 | 81.8 |
| Net income | 45.7 | 62.4 | 84.3 | 32.9 |
| Margin (%) | 15.1 | 17.6 | 21.7 | 26.1 |
Valuation of Vijaya Diagnostic (as of FY2020)
| Earnings Per Share (EPS) | ₹8.26 |
| Price/Earnings (PE ratio) | 63.20 – 64.29 |
| Return on Net Worth (RONW) | 23.64% |
| Net Asset Value (NAV) | 35.23 per share |
Company Promoter
- Dr. S. Surendranath Reddy
Vijaya Diagnostic IPO Lead Manager(s)
- Edelweiss Financial Services Ltd
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Registrar of Vijaya Diagnostic IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli,
Nanakramguda, Hyderabad – 500 032,
Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Contact Information
Vijaya Diagnostic Centre Limited
3-6-16 & 17, Street No. 19, Himayatnagar
Hyderabad, 500 029
Phone: +91 40 2342 0411
Email: ir@vijayadiagnostic.in
Website: https://www.vijayadiagnostic.com/
Vijaya Diagnostic IPO Allotment Status
Vijaya Diagnostic IPO allotment will be available on KFin Technologies’ website.
Click on this link to get allotment status.
Final thoughts
Vijaya Diagnostic 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