Suraksha Diagnostic Limited proposes to open an initial public offering of Equity Shares (“Offer”) on Friday, November 29, 2024. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Thursday, November 28, 2024. The Bid/ Offer Closing Date is Tuesday, December 3, 2024.
The Price Band of the Offer has been fixed from ₹ 420 per Equity Share to ₹ 441 per Equity Share. Bids can be made for a minimum of 34 Equity Shares and multiples of 34 Equity Shares thereafter.
The Initial Public Offering is an Offer For Sale of up to 19,189,330 Equity Shares (“Offered Shares”), comprising up to 2,132,148 Equity Shares by Dr. Somnath Chatterjee, up to 2,132,148 Equity Shares by Ritu Mittal, up to 2,132,148 Equity Shares by Satish Kumar Verma (whose shares are jointly held with Suman Verma) (together with Dr. Somnath Chatterjee and Ritu Mittal, the “Promoter Selling Shareholders”), up to 10,660,737 Equity Shares by Orbimed Asia II Mauritius Limited (the “Investor Selling Shareholder”), up to 799,556 Equity Shares by Munna Lal Kejriwal, and up to 1,332,593 Equity Shares by Santosh Kumar Kejriwal (together the “Individual Selling Shareholders”) (The Promoter Selling Shareholders, The Investor Selling Shareholder and the Individual Selling Shareholders, Collectively Referred to as the “Selling Shareholders”).
The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (“QIB Portion”), provided that our Company may in consultation with the Book Running Lead Managers, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”). One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price in accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than Anchor Investor Portion) (“Net QIB Portion”).
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds. Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
