INSUBCONTINENT EXCLUSIVE:
Vijaya Diagnostic IPO: Vijaya Diagnostic Center shares are likely to be listed on September 14
Vijaya Diagnostic Center's Rs 1,895.04 crore initial public offering (IPO) opens for subscription today i.e
September 1 and will close on September 3
The Kedaara Capital-backed diagnostic chain's IPO is totally a sell of 35.69 million shares by existing investors
The shares will be sold in the price band of Rs 522-Rs 531 a share and are likely to be listed on September 14
Bidders can bid in the general public problem of the for one great deal of 28 shares and in multiples thereof, extending as much as 13 lots
Around 50 percent of the shares on offer will be booked for qualified institutional purchasers (QIBs), 15 per cent for non-institutional
investors (NIIs) and 35 per cent for retail investors.Vijaya Diagnostic will not get any funds from the IPO as it is completely a deal for
sale.Vijaya Diagnostic Center, promoted by Dr S Surendranath Reddy, is among the largest integrated diagnostic chains in south India
It offers pathology and radiology screening services at 80 diagnostic centers and 11 reference laboratories in Telangana, Andhra Pradesh,
NCR and Kolkata.Edelweiss Financial Providers, ICICI Securities and Kotak Mahindra Capital will be the book running lead managers to the
problem, whereas KFintech will be the registrar.
