Krsnaa Diagnostics IPO Details with Share Price Range and Issue Size | Motilal Oswal
Krsnaa Diagnostics IPO Details with Share Price Range and Issue Size | Motilal Oswal

Krsnaa Diagnostics Ltd IPO Details with Share Price Range and Issue Size

Opening Date

August 04, 2021

Closing Date

August 06, 2021 

Face Value

Rs. 5 per equity share

IPO Price Band 

Rs. 933 to 954 per equity share

Minimum Order Quantity

15 equity shares 

Issue Size 

Rs. 1,213 crores

As we predicted earlier, the month of August, 2021 is turning out to be a massive period for IPOs. One among the many IPOs lined up for this month is from Krsnaa Diagnostics Limited. Let’s take a look at a few of the key Krsnaa Diagnostics IPO details. 

About the company 

As the name itself suggests, Krsnaa Diagnostics Limited is a company that offers medical diagnostic services. Established in 2010, the company is currently one of the fastest growing diagnostic chains in the country. It offers an extensive range of diagnostic services such as X-ray imaging, MRI imaging, clinical laboratory tests, pathology, and tele-radiology services. 

The company’s clientele includes community health centers, medical colleges, and public and private hospitals. The primary focus area of Krsnaa Diagnostics Limited is centered around non-metro cities, second and third-tier cities, and towns. Currently, the company operates in as many as 13 different cities in the country and is looking to expand its operations.

  • Krsnaa Diagnostics IPO details

Now that you’re aware of the company’s business, it is time to take a look at a few of the key details of the company’s upcoming IPO such as the Krsnaa Diagnostics IPO date and the Krsnaa Diagnostics IPO share price, among others. 

  • Krsnaa Diagnostics IPO date 

The company has decided to open up its latest IPO for public subscription on August 04, 2021, with the closing date of the issue fixed as August 06, 2021. 

  • Krsnaa Diagnostics IPO issue size 

The total issue size of the upcoming IPO of the company is around Rs. 1,213.33 crores, which includes both fresh issue of shares as well as an Offer for Sale (OFS) from its promoters. The fresh issue accounts for just around Rs. 400 crores, with the remaining Rs. 813.33 crores going towards the offer for sale. The promoters are looking to offload around 85.25 lakh equity shares through this IPO.

  • Krsnaa Diagnostics IPO share price

The share price band of Krsnaa Diagnostics IPO has also been set. It starts from Rs. 933 to Rs. 954 per equity share.  

  • Krsnaa Diagnostics IPO listing 

As is the norm for mainboard IPOs, the company would be listing its shares on both the Bombay Stock Exchange and the National Stock Exchange.  

  • Krsnaa Diagnostics IPO objectives 

The net proceeds from the latest IPO of Krsnaa Diagnostics would be used to repay its loans and borrowings and for financing the creation of new diagnostic centres in Karnataka, Punjab, Himachal Pradesh, and Maharashtra.

Conclusion

It is mandatory to open demat account before investing in any of the IPOs. If you have one already, then you’re all clear to invest. However, if you don’t have one, visit the website of Motilal Oswal to open one for free.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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