The initial public offering (IPO) of the Vijaya Diagnostic Center will open on September 1st. The initial public offering of the diagnostic chain, backed by Kedaara Capital, will fully include an offer to sell 35.69 million shares by its existing shareholders and promoters, including Dr. S. Surenranath Reddy, Karakoram and Kedaara., Its Capital Alternative Investment Fund – Kedaara Capital AIF I. The company has not yet announced the IPO price. The offering on the primary market ends on September 3, and the shares are expected to be listed on September 14, 2021.
The Vijaya Diagnostic Center is one of the largest integrated diagnostic chains in South India. It provides pathology and radiology testing services in 80 diagnostic centers and 11 reference laboratories in 13 cities and towns in Telangana, Andhra Pradesh, NCR and Kolkata
Edelweiss Financial Services, ICICI Securities and Kotak Mahindra Capital will be the lead managers of the issue, while KFintech will act as the registrar.
Last week, Krsnaa Diagnostics made a decent debut on the stock market. The diagnostic chain’s shares were listed on the BSE at a premium of 7.4 percent at Rs 1,025.