Vijaya Diagnostic IPO

Vijaya Diagnostic IPO-Date, price band details

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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 nameVijaya Diagnostic Centre Limited 
SectorHealthcare
IndustryHospital & Healthcare services
Company Websitewww.vijayadiagnostic.com

Dates to remember

IPO Open01 September 2021
IPO Close03 September 2021
Basis of Allotment08 September 2021
Refunds date09 September 2021
Credit to Demat Account13 September 2021
 Listing Date14 September 2021

IPO details

Issue typeBook Building
IPO issue size₹1,895.04 Cr
Fresh Issuenil
Offer for sale₹1,895.04 Cr
Face value₹01 per equity share
Price band₹522 to ₹531 per equity share
Retail Allocation35%
Lot size28 Shares
Minimum application1Lot-28 Shares
Maximum application13 Lots-364
Minimum application amount₹14,868
Maximum application amount₹193,284
Employee discount₹52
Listing ExchangeBSE & NSE

 Financial Performance (in INR crore)

 FY2019FY2020FY2021Q1 FY2022
Revenue302.9354.2388.6126.0
Expenses237.6270.8276.581.8
Net income45.762.484.332.9
Margin (%)15.117.621.726.1

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
Websitehttps://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


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  1. Pingback: IPO List 2021: a complete list of IPOs in 2021 - finvestfox.com

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