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Krsnaa Diagnostics IPO is a book built issue of Rs 1,213.33 crores. The issue comprises of fresh issue of Rs 400.00 crore and offer for sale of 0.85 crore shares.
Krsnaa Diagnostics IPO bidding started from August 4, 2021 and ended on August 6, 2021. The allotment for Krsnaa Diagnostics IPO was finalized on Wednesday, August 11, 2021. The shares got listed on BSE, NSE on August 16, 2021.
Krsnaa Diagnostics IPO price band is set at ₹933 to ₹954 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹14,310.
The issue includes a reservation of up to 232,288 shares for employees offered at a discount of Rs 93 to the issue price.
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Equirus Capital Private Limited, Iifl Securities Ltd and Jm Financial Limited are the book running lead managers of the Krsnaa Diagnostics IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Krsnaa Diagnostics IPO RHP for detailed information.
| IPO Date | August 4, 2021 to August 6, 2021 |
| Listing Date | August 16, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹933 to ₹954 per share |
| Lot Size | 15 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹1,213.33 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 8,525,520 shares of ₹5 (aggregating up to ₹813.33 Cr) |
| Employee Discount | Rs 93 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 27,191,528 |
| Share holding post issue | 31,407,044 |
Krsnaa Diagnostics IPO offers 7,112,099 shares. 3,752,625 (52.76%) to QIB, 1,876,312 (26.38%) to NII, 1,250,874 (17.59%) to RII, 232,288 (3.27%) to employees. 83,391 RIIs will receive minimum 15 shares and (sNII) and (bNII) will receive minimum 210 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,752,625 (52.76%) | NA |
| NII (HNI) Shares Offered | 1,876,312 (26.38%) | |
| Retail Shares Offered | 1,250,874 (17.59%) | 83,391 |
| Employee Shares Offered | 232,288 (3.27%) | NA |
| Total Shares Offered | 7,112,099 (100%) |
Krsnaa Diagnostics IPO opens on August 4, 2021, and closes on August 6, 2021.
| IPO Open Date | Wednesday, August 4, 2021 |
| IPO Close Date | Friday, August 6, 2021 |
| Basis of Allotment | Wednesday, August 11, 2021 |
| Initiation of Refunds | Thursday, August 12, 2021 |
| Credit of Shares to Demat | Friday, August 13, 2021 |
| Listing Date | Monday, August 16, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 6, 2021 |
Investors can bid for a minimum of 15 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,310 |
| Retail (Max) | 13 | 195 | ₹186,030 |
| Lot Size Calculator | |||
Rajendra Mutha is the promoter of the company.
| Share Holding Pre Issue | 31.62% |
| Share Holding Post Issue | 27.38% |
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 tele-radiology 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.
Competitive Strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 6,045.30 | 6,299.82 | 5,289.85 | ||
| Total Revenue | 6,614.76 | 2,713.79 | 2,143.15 | ||
| Profit After Tax | 1,849.29 | (1,119.51) | (580.57) | ||
The net proceed from the IPO will be utilized for the following purposes;
[Dilip Davda] Healthcare sector counters marked hefty gains amidst pandemic scare and currently witnessing some corrections from the higher levels. KDL has posted net profits for FY21 on account of one-time gains and even with these earnings, its issue is aggressively priced at a P/E of 80+ and is thus a costly bet against listed peers. In fact, it has a negative P/E. The segment is highly fragmented with many unorganized players and also having tough competitions from organized players. Considering all these, cash surplus/risk seekers may consider investing in this highly-priced offer, others can avoid. Read detail review...
The Krsnaa Diagnostics IPO is subscribed 64.38 times on August 6, 2021 6:50:00 PM. The public issue subscribed 41.95 times in the retail category, 49.83 times in the QIB category, and 116.30 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 35.79 times
| Category | Subscription (times) |
|---|---|
| QIB | 49.83 |
| NII | 116.30 |
| Retail | 41.95 |
| Employee | 0.98 |
| Total | 64.38 |
| Listing Date | August 16, 2021 |
| BSE Script Code | 543328 |
| NSE Symbol | KRSNAA |
| ISIN | INE08LI01020 |
| Final Issue Price | ₹954 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹954.00 |
| ₹1,025.00 |
| ₹961.45 |
| ₹1,099.50 |
| ₹990.75 |
| NSE |
|---|
| ₹954.00 |
| ₹1,005.55 |
| ₹960.00 |
| ₹1,099.70 |
| ₹987.00 |
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
Email: cs@krsnadiagnostics.com
Website: https://krsnaadiagnostics.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: krsnaa.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Krsnaa Diagnostics IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹1,213.33 Crores. The issue is priced at ₹933 to ₹954 per share. The minimum order quantity is 15 Shares.
The IPO opens on August 4, 2021, and closes on August 6, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Krsnaa Diagnostics IPO using UPI as a payment gateway. Zerodha customers can apply in Krsnaa Diagnostics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Krsnaa Diagnostics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Krsnaa Diagnostics IPO opens on August 4, 2021 and closes on August 6, 2021.
Krsnaa Diagnostics IPO lot size is 15 Shares, and the minimum amount required is ₹14,310.
You can apply in Krsnaa Diagnostics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Krsnaa Diagnostics IPO will be done on Wednesday, August 11, 2021, and the allotted shares will be credited to your demat account by Friday, August 13, 2021. Check the Krsnaa Diagnostics IPO allotment status.
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RHP
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I am still holding 3 lots :(
Can anyone please guide what to do now??
I wish I could sell it with no profit/no loss