Established in 1981, Vijaya Diagnostic Centre is one of the fastest-growing diagnostic chains in Southern India. The company offers a one-stop solution for pathology and radiology testing services. The company offers around 740 routine tests, 870 specialized pathology tests, 220 basic tests, and 320 advanced radiology tests. The company also offers a broad spectrum of customized health and wellness packages to its customers.
Company’s operational network consists of 80 diagnostic centers and 11 reference laboratories spread across 13 cities and towns in the states of Telangana, Andhra Pradesh, National Capital Region, and Kolkata. 96.2% of the revenue comes from Hyderabad, the rest of Telangana, and the Andhra Pradesh region. During the year ended March 31, 2021, the company conducted approximately 6.20 Mn pathology tests and 0.89 Mn radiology tests for approximately 2.63 Mn customers.
As of March 31, 2021, all Vijaya Diagnostic Centre laboratories hold National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditations, and three diagnostic centers hold Patient Safety & Quality of Care (NABH) accreditations.
Competitive strengths:
- Largest and fastest-growing diagnostic chain in Southern India.
- Affordable, one-stop solution diagnostics service provider with a focus on superior quality.
- Strong technical capabilities, cutting-edge diagnostic testing technology and robust IT infrastructure.
- All laboratories hold National Accreditation.
- High brand recalls driving high individual consumer business.
Company Promoters:
Dr. S. Surendranath Reddy is the promoter of the company.
Company Financials:
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 5,409.40 | 4,822.56 | 4,064.30 | ||
| Total Revenue | 3,885.93 | 3,541.82 | 3,029.44 | ||
| Profit After Tax | 849.11 | 625.07 | 462.72 | ||
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
- Achieve the benefits of share listing on the Stock Exchanges.
- To make an offer for sale (OFS) of 35,688,064 shares.
Vijaya Diagnostic IPO Details
| IPO Opening Date | Sep 1, 2021 |
| IPO Closing Date | Sep 3, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹522 to ₹531 per equity share |
| Market Lot | 28 Shares |
| Min Order Quantity | 28 Shares |
| Listing At | BSE, NSE |
| Issue Size | 35,688,064 Eq Shares of ₹1 (aggregating up to ₹1,895.04 Cr) |
| Offer for Sale | 35,688,064 Eq Shares of ₹1 (aggregating up to ₹1,895.04 Cr) |
| Employee Discount | 52 |
Vijaya Diagnostic IPO Tentative Timetable
The Vijaya Diagnostic IPO open date is Sep 1, 2021, and the close date is Sep 3, 2021. The issue may list on Sep 14, 2021.
| IPO Open Date | Sep 1, 2021 |
| IPO Close Date | Sep 3, 2021 |
| Basis of Allotment Date | Sep 8, 2021 |
| Initiation of Refunds | Sep 9, 2021 |
| Credit of Shares to Demat Account | Sep 13, 2021 |
| IPO Listing Date | Sep 14, 2021 |
Vijaya Diagnostic IPO Lot Size
The Vijaya Diagnostic IPO market lot size is 28 shares. A retail-individual investor can apply for up to 13 lots (364 shares or ₹193,284).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 28 | ₹14,868 |
| Maximum | 13 | 364 | ₹193,284 |
Vijaya Diagnostic IPO Promoter Holding
| Pre Issue Share Holding | 59.78% |
| Post Issue Share Holding | 54.78% |
Vijaya Diagnostic IPO Subscription Status (Bidding Detail)
The Vijaya Diagnostic IPO is subscribed 0.09x times on Sep 1, 2021 11:09. The public issue subscribed 0.19x in the retail category, 0.00x in the QIB category, and 0.00x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 0.00x |
| NII | 0.00x |
| RII | 0.19x |
| Employee | 0.00x |
| Total | 0.09x |
Company Contact Information
3-6-16 & 17, Street No. 19, Himayatnagar
Hyderabad, 500 029
Phone: +91 40 2342 0411
Email: [email protected]
Website: https://www.vijayadiagnostic.com/
Vijaya Diagnostic IPO Registrar
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/