Krsnaa Diagnostics was incorporated on December 22, 2010. The company provide a range of technology-enabled diagnostic services such as imaging (including radiology), pathology/clinical laboratory and tele-radiology services to public and private hospitals, medical colleges and community health centres pan-India.
| Bidding Dates |
|---|
| 04 Aug 2021 - 06 Aug 2021 |
| Subscription |
|---|
| 64.38x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,310 | 1 | 13 | 15 | 12.7 M | ₹933 - ₹954 | 59.43 % | ₹11866.2 M - ₹12133.3 M | RHP DOC |
Krsnaa Diagnostics IPO SUBSCRIPTION STATUS
06 Aug '21Krsnaa Diagnostics IPO overall subscription rate was 64.38 times the total available shares
Krsnaa Diagnostics IPO retail subscription rate was 41.95 times in the retail segment
Krsnaa Diagnostics IPO non-institutional investor subscription rate was 116.3 times in the non-institutional investor category
Krsnaa Diagnostics IPO Qualified Institutional Bidder subscription rate was 49.83 times the available shares for Qualified Institutional Bidder
Krsnaa Diagnostics IPO Employees subscription rate was 0.98 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - |
06 Aug 2021 (Day 3) | 41.95x | 116.3x | 49.83x | 0.98x |
05 Aug 2021 (Day 2) | 22.09x | 4.76x | 0.5x | 0.52x |
04 Aug 2021 (Day 1) | 9.59x | 0.15x | 0.48x | 0.21x |
Krsnaa Diagnostics FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY21 | 1,849.3 | 3,964.6 | 1,025.6 | 377.2 |
| FY20 | -1,119.5 | 2,584.3 | 378.1 | -389.4 |
| FY19 | -580.6 | 2,092.4 | 582.7 | -415.1 |
Krsnaa Diagnostics IPO SUBSCRIPTION STATUS DETAILS
Krsnaa Diagnostics had 12.7 M shares on offer
Krsnaa Diagnostics IPO offer price was in the range ₹933 - ₹954
Krsnaa Diagnostics IPO minimum Investment was ₹14310
Krsnaa Diagnostics IPO issue size was ₹ 11866.2 M - ₹ 12133.3 M
Krsnaa Diagnostics had a minimum lot size of 15 Shares per application
Krsnaa Diagnostics NUMBER OF SHARES ON OFFER
Krsnaa Diagnostics IPO IMPORTANT DATES
| Issue Open Date | 04 Aug 2021 |
| Issue close Date | 06 Aug 2021 |
| Allotment Date | 11 Aug 2021 |
| Refund Date | 12 Aug 2021 |
| Demat Account Credit Date | 13 Aug 2021 |
| Listing Date | 16 Aug 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Krsnaa Diagnostics Allotment Status | Exchange |
Krsnaa Diagnostics IPO subscription opened on 04 Aug 2021, and closed on 06 Aug 2021
IPO allotment for Krsnaa Diagnostics was finalized on Wednesday, 11 Aug 2021
IPO listing for Krsnaa Diagnostics was on NSE and BSE on Monday, 16 Aug 2021
Krsnaa Diagnostics IPO LISTING GAINS
| Issue Price (adjusted) | 954.0 |
| Listing Open Price | 1025.0 |
| Listing Close Price | 990.8 |
| Listing Gain% | 7.4% |
| Current Gain% | -41.2% |
Krsnaa Diagnostics 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Krsnaa Diagnostics Ltd. | 560.8 | 1761.5 | 17.9 | 0.6 | 2.4 | 10.3 | 5.6 | 816.2 | 9.9 | 101.4 | 30.7 | 31.3 | 30.7 |
| Dr. Lal Pathlabs Ltd. | 1931.6 | 32421.7 | 59.8 | 10.7 | 11.2 | 20.1 | 16 | 2864.2 | 12.1 | 504.8 | 3.6 | 32.3 | 5.6 |
| Inventurus Knowledge Solutions Ltd. | 1737.7 | 29814.3 | 39 | 1 | 8.9 | 25.8 | 16.9 | 3211 | 18.8 | 721.6 | 48.4 | 44.5 | 40.9 |
| Vijaya Diagnostic Centre Ltd. | 1351.1 | 13916 | 74.2 | 3 | 16.2 | 18.1 | 11.5 | 835 | 19.3 | 173 | 20.9 | 18.2 | 24.9 |
| Indegene Ltd. | 554.4 | 13357.5 | 33.3 | -4.2 | 3.5 | 12.8 | 8.7 | 3582.5 | 21.6 | 401.1 | -1.4 | 16.6 | -7.9 |
| Metropolis Healthcare Ltd. | 563.2 | 11680.1 | 57.9 | 1.8 | 6.8 | 12.6 | 8.9 | 1671.4 | 24.1 | 190 | 31.1 | 9.7 | 32.6 |
Krsnaa Diagnostics INFORMATION ON IPO ISSUE
About Krsnaa Diagnostics
Krsnaa Diagnostics was incorporated on December 22, 2010. The company provide a range of technology-enabled diagnostic services such as imaging (including radiology), pathology/clinical laboratory and tele-radiology services to public and private hospitals, medical colleges and community health centres pan-India.
Object of the Issue
1. To finance the cost of establishing diagnostics centres at Punjab, Karnataka, Himachal Pradesh, and Maharashtra.
2. Repayment/pre-payment of firm's borrowings fully or partially.
3. General corporate purposes.
Krsnaa Diagnostics - PROMOTERS
| Name |
|---|
| Rajendra Mutha |
Krsnaa Diagnostics Book Running Lead Managers
JM Financial Limited
krsnaadiagnostics.ipo@jmfl.com
DAM Capital Advisors Limited
krsnaa.ipo@damcapital.in
Equirus Capital Private Limited
krsnaa.ipo@equirus.com
IIFL Securities Limited
krsnaa.ipo@iiflcap.com
Krsnaa Diagnostics Registrar to the Offer
KFin Technologies Private Limited
krsnaa.ipo@kfintech.com
Krsnaa Diagnostics Strengths
Differentiated services
The company is a differentiated diagnostic service provider in India
services portfolio
A comprehensive range of diagnostic services i.e. imaging, pathology, etc.
Brand equity
The company has strong brand equity with quality healthcare services at affordable prices
Market presence
The company has an extensive market footprint in 13 states across India
Financial performance
Consistent financial performance track record
Krsnaa Diagnostics Risks
Dependent on public health agencies
A substantial portion of the revenue comes from operations that depend on payments under contracts with public health agencies
Operates under public-private partnership
Most of the diagnostic centres have been established and are operated under public-private partnership contracts awarded by government agencies through a competitive bidding process
Covid-19
The Covid-19 pandemic may significantly affect the results of operations, financial position, and cash flows
IPO FAQs
This IPO consists of an offer for sale of up to Rs 813.3 crore, of 8,525,520 shares. It also consists of a fresh issue of Rs 400.0 crore.
The promoter of the company is Rajendra Mutha.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 933.0 - 954.0.
The IPO application opens on Aug 04, 2021 and closes on Aug 06, 2021.
The minimum lot size for the IPO is 15. The maximum lot size for the IPO is 195.
For all category investors, the minimum application amount for this IPO is Rs. 14,310.0, the maximum value for this IPO is Rs 186,030.0.
This IPO will be allotted on Aug 11, 2021.
The refund will be credited to your account on Aug 12, 2021.
The allotted shares will be credited to your demat on Aug 13, 2021.
Krsnaa Diagnostics Ltd.’s shares listed on the stock exchanges on Aug 16, 2021.