Krsnaa Diagnostics Limited announced on Monday that its Initial Public Offering (IPO) will be open from August 4 to August 6. The bidding for anchor investors will be open on August 3, the company said in a virtual press conference.
The company said that it has fixed the price band of the IPO from Rs. Rs 933 to Rs. 954 per equity share. The IPO is expected to collect Rs 1,213.3 crore.
According to The Indian Express, it was said in the press conference that the proceedings from the IPO will be used for establishing diagnostic centers in Punjab, Karnataka, Himachal Pradesh, and Maharashtra.
The investors can bid for a minimum of 15 equity shares, and thereafter in multiples of 15.
As a part of the OFS, Phi Capital will sell 16 lakh equity shares, Kitara will offload 33,40,713 equity shares, Somerset Indus Healthcare Fund I Ltd will offer 35,63,427 equity shares and Lotus Management Solutions will sell 21,380 equity shares, The Indian Express reported.
Krsnaa Diagnostics Limited is India’s largest diagnostics provider. It has around 1,823 diagnostic centers across 13 states. The center provides imaging, pathology and clinical laboratories, and radiology services to public and private hospitals. Krsnaa Diagnostics will be one of the four IPOs to begin on August 4. Other IPOs are Devyani International, Windlas Biotech, and Exxaro Tiles.
