Star Imaging & Path Lab was incorporated on May 31, 2004. The company offers a wide range of diagnostic imaging and lab tests for disease detection and monitoring, including X-rays, MRIs, CT scans, and pathology services. A centralized tele-radiology hub enhances efficiency and ensures consistent service quality across its network
| Bidding Dates |
|---|
| 08 Aug 2025 - 12 Aug 2025 |
| Subscription |
|---|
| 5.04x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,70,000 | 2 | 2 | 1000 | 4.9 M | ₹135 - ₹142 | 71.92 % | ₹660.4 M - ₹694.7 M | RHP DOC |
Star Imaging Path Lab IPO SUBSCRIPTION STATUS
12 Aug '25Star Imaging Path Lab IPO overall subscription rate was 5.04 times the total available shares
Star Imaging Path Lab IPO retail subscription rate was 2.83 times in the retail segment
Star Imaging Path Lab IPO non-institutional investor subscription rate was 6.24 times in the non-institutional investor category
Star Imaging Path Lab IPO Qualified Institutional Bidder subscription rate was 6.24 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
12 Aug 2025 (Day 3) | 2.83x | 6.24x | 6.24x |
11 Aug 2025 (Day 2) | 0.5x | 1.36x | - |
08 Aug 2025 (Day 1) | 0.06x | 0.16x | - |
Star Imaging Path Lab FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 83.5 | 16.0 | -6.0 | -10.2 | 34.2% |
| FY24 | 78.8 | 12.5 | 18.3 | 11.4 | 28.5% |
| FY23 | 58.5 | 0.6 | 5.3 | -2.0 | 10.0% |
Star Imaging Path Lab IPO SUBSCRIPTION STATUS DETAILS
Star Imaging Path Lab had 4.9 M shares on offer
Star Imaging Path Lab IPO offer price was in the range ₹135 - ₹142
Star Imaging Path Lab IPO minimum Investment was ₹270000
Star Imaging Path Lab IPO issue size was ₹ 660.4 M - ₹ 694.7 M
Star Imaging Path Lab had a minimum lot size of 1000 Shares per application
Star Imaging Path Lab NUMBER OF SHARES ON OFFER
Star Imaging Path Lab IPO IMPORTANT DATES
| Issue Open Date | 08 Aug 2025 |
| Issue close Date | 12 Aug 2025 |
| Allotment Date | 13 Aug 2025 |
| Refund Date | 14 Aug 2025 |
| Demat Account Credit Date | 14 Aug 2025 |
| Listing Date | 18 Aug 2025 |
| Listing on Exchange(s) | BSE |
| Star Imaging Path Lab Allotment Status | Exchange/ Registrar |
Star Imaging Path Lab IPO subscription opened on 08 Aug 2025, and closed on 12 Aug 2025
IPO allotment for Star Imaging Path Lab was finalized on Wednesday, 13 Aug 2025
IPO listing for Star Imaging Path Lab was on BSE on Monday, 18 Aug 2025
Star Imaging Path Lab IPO LISTING GAINS
| Issue Price (adjusted) | 142.0 |
| Listing Open Price | 142.0 |
| Listing Close Price | 135.9 |
| Listing Gain% | 0.0% |
| Current Gain% | -36.8% |
Star Imaging Path Lab Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Star Imaging and Path Lab Ltd. | 89.8 | 156.4 | 8.1 | 0.4 | 1.7 | 16.6 | 12.5 | 89.5 | 6.8 | 19.3 | 20.9 | 11.1 | 20.9 |
| Dr. Lal Pathlabs Ltd. | 1949.9 | 32728.8 | 60.4 | 10.8 | 11.3 | 20.1 | 16 | 2864.2 | 12.1 | 504.8 | 3.6 | 32.3 | 5.6 |
| Inventurus Knowledge Solutions Ltd. | 1745 | 29939.5 | 39.2 | 1 | 8.9 | 25.8 | 16.9 | 3211 | 18.8 | 721.6 | 48.4 | 44.5 | 40.9 |
| Vijaya Diagnostic Centre Ltd. | 1428.2 | 14710.1 | 78.5 | 3.1 | 17.2 | 18.1 | 11.5 | 835 | 19.3 | 173 | 20.9 | 18.2 | 24.9 |
| Indegene Ltd. | 567.6 | 13674.3 | 34.1 | -4.3 | 3.6 | 12.8 | 8.7 | 3582.5 | 21.6 | 401.1 | -1.4 | 16.6 | -7.9 |
| Metropolis Healthcare Ltd. | 566.2 | 11743.3 | 58.2 | 1.8 | 6.9 | 12.6 | 8.9 | 1671.4 | 24.1 | 190 | 31.1 | 9.7 | 32.6 |
Star Imaging Path Lab INFORMATION ON IPO ISSUE
About Star Imaging Path Lab
Star Imaging & Path Lab was incorporated on May 31, 2004. The company offers a wide range of diagnostic imaging and lab tests for disease detection and monitoring, including X-rays, MRIs, CT scans, and pathology services. A centralized tele-radiology hub enhances efficiency and ensures consistent service quality across its network
Object of the Issue
- To meet working capital requirement
- Repayment/prepayment of certain borrowings availed of by the company
- Funding the capital expenditure towards purchase of Refurbished Medical Equipment in running facilities
- General corporate expenses
- Issue expense
Star Imaging Path Lab - PROMOTERS
| Name |
|---|
| Pawan Gupta |
| Chhaya Gupta |
Star Imaging Path Lab - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Pawan Gupta | Chairman & Managing Director |
| Chhaya Gupta | Director |
| Neelam Ratra | Executive Director |
| Sameer Sood | Non-Executive Director |
| Vimal Gupta | Independent Director |
| Yogesh Kumar Virmani | Independent Director |
| Dikshant Nagpal | Independent Director |
Star Imaging Path Lab Book Running Lead Manager
Share India Capital Services Private Limited
kunal.bansal@shareindia.co.in
Star Imaging Path Lab Registrar to the issue
KFin Technologies Limited
sipll.ipo@kfintech.com
Star Imaging Path Lab Strengths
Pan-India presence
A pan-India presence boosts access to diagnostic services and expands the patient and healthcare professional network. It also strengthens trust and supports faster growth for diagnostic providers
Legacy of trust with doctors
Trust from doctors is key in diagnostics, especially for specialized tests, as they influence patient choices. Building this trust requires reliable results, NABL accreditation, and regional focus to tailor services and grow in under-penetrated markets
Star Imaging Path Lab Risks
Depend on vendors
The company relies heavily on third-party vendors for testing equipment and kits. Any supply issues or product recalls could negatively impact its operations and financial performance
Regulatory risks
The company may face legal, medical, or regulatory claims, including malpractice or negligence, which could impact its reputation, operations, and financial health
Equipment related
The use of complex medical equipment involves risks of malfunction, misuse, or delays in servicing, which may disrupt operations and raise costs. Equipment-related injuries could lead to liability claims, legal expenses, and reputational damage
IPO FAQs
This IPO consists of an offer for sale of up to Rs 13.8 crore, of 972,000 shares. It also consists of a fresh issue of Rs 55.7 crore.
The promoters of the company are Pawan Gupta and Chhaya Gupta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 135.0 - 142.0.
The IPO application opens on Aug 08, 2025 and closes on Aug 12, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 270,000.0, the maximum value for this IPO is Rs 284,000.0.
This IPO will be allotted on Aug 13, 2025.
The refund will be credited to your account on Aug 14, 2025.
The allotted shares will be credited to your demat on Aug 14, 2025.
Star Imaging & Path Lab Ltd.’s shares listed on the stock exchanges on Aug 18, 2025.