Suraksha Diagnostic IPO: Suraksha Diagnostic IPO is going to be launched on Friday 29th November to raise money from the market and the IPO will remain open for investment till 3rd December 2024. The company will raise Rs 846 crore through IPO. Suraksha Diagnostic has fixed the price band of Rs 420 – 441 for the IPO.
The IPO of Suraksha Diagnostic, a healthcare and diagnostic sector company, is going to open for subscription on November 29. The IPO will close on Tuesday, December 3, 2024. The allotment will be decided on 4th December. Refunds will be issued to the applicants on 5th December and shares will be credited to the demat accounts of the successful applicants on 5th December itself. And on December 6, 2024, the IPO of Suraksha Diagnostics will be listed on BSE and NSE.
Suraksha Diagnostics is raising Rs 846.25 crore from the capital market through IPO and the price band of the IPO has been fixed at Rs 420 to Rs 441 per share at the face value of Rs 2. Investors can apply for a lot of minimum 34 shares and will have to pay Rs 14,994 for it. Maximum retail investors will have to pay Rs 194,922 for 13 lots. 50 percent of the net offer in the IPO is being offered to institutional investors, 35 percent to retail investors and 15 percent to non-institutional investors.
ICICI Securities, Nuvama Wealth Management Ltd and SBI Capital Markets are the lead managers of the Suraksha Diagnostic IPO and Kfin Technology Ltd is the registrar of the IPO. If we look at the financial condition of Suraksha Diagnostics, in the financial year 2023-24, the company’s revenue has increased by 14.75 percent to Rs 222.26 crore and the net profit has increased by 281 percent to Rs 23.13 crore. Formed in 2005, Suraksha provides diagnostic pathology, radiology, and medical consultancy services and is primarily present in West Bengal, Bihar, Assam, and Meghalaya.
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