Vijaya Diagnostic IPO to open for subscription on September 1, Details here

While the Kedaara Capital-backed diagnostic chains will be offering IPO for the sale of 35.69 million shares.

The IPO for Vijaya Diagnostic’s Centre for Rs Rs 1,895.04 crore will be opening tomorrow. While the Kedaara Capital-backed diagnostic chains will be offering IPO for the sale of 35.69 million shares. The fixed band of share of the company is estimated to be around Rs 522 to Rs 531 a share. The buying of shares will be closed by September 3 and the shares will be enlisted on September 14.

The possible shareholders and facilitators selling their net profits are Dr S Surenranath Reddy, Karakoram and Kedaara Capital Alternative Investment Fund – Kedaara Capital AIF I.

According to reports buyers can enlist for a lot consisting of 28 shares and if interested in investing in numerous profits, they can conjure up to 13 lots. About 50 per cent shares of the company will be constituted for professional buyers, 15 per cent for the non-institutional while 35 per cent will be constituted for retail investors. Around 1,5 lakh shares are reserved for the employees.

The diagnostic centre shall not contrive any IPO as the investments are purely on offer sale.

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