INSUBCONTINENT EXCLUSIVE:
Krsnaa Diagnostics provides imaging (consisting of radiology), pathology and tele-radiology servicesKrsnaa Diagnostics has filed a draft red
herring prospectus with the marketplace regulator Sebi to raise funds through an initial public offering (IPO)
The Pune-based diagnostics chain's IPO will include a fresh issue of shares worth Rs 400 crore and an offer for sale (OFS) of
approximately 94,16,377 shares by the existing shareholders, including Phi Capital, Kitara, Somerset Indus Healthcare Fund I and Lotus
The shares will be noted on the BSE and NSE.A total of 75 per cent of the issue has actually been scheduled for qualified institutional
buyers (QIB), 15 percent for non-institutional financiers and 10 percent for retail investors.The company will utilize the profits from the
share sale to establish diagnostics centres at Punjab, Karnataka, Himachal Pradesh and Maharashtra, pay back existing loans and for basic
corporate purposes.Krsnaa Diagnostics provides a series of diagnostic services, consisting of imaging (consisting of radiology), pathology
JM Financial, DAM Capital Advisor, Enquires Capital and IIFL Securities are merchant lenders to the IPO.
